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Investigations and intelligence updates

Issue 17: May 2026

Investigations and intelligence updates

Editor's note

Emeric Bernard-Jones
Emeric Bernard‑Jones

This month’s investigations updates focus on three closely connected developments across West and Central Africa: the resurgence of Islamist insurgencies, the changing nature of external security partnerships, and the growing overlap between instability and financial risk.

Across Mali, Nigeria, and the wider Sahel, a similar pattern continues to emerge of groups once thought to be in decline proving far more resilient than many expected, adapting to military pressure, shifting political environments, and tighter financial controls alike.

These pieces explore what happens when long-running conflicts are managed or ignored rather than resolved and the consequences that follow when instability is allowed to persist beneath the surface.

News
a close up of a metal beam on a black background
Mali’s security realignment shows strain

In April, Mali was hit by a series of coordinated terrorist attacks across multiple regions, demonstrating the growing concentration of Islamist insurgencies across the Sahel. The attacks, targeting military installations, administrative centres, and transport routes, demonstrate an increasingly sophisticated combat environment in which militant groups put intense pressure on already struggling state security apparatus and test the boundaries of recently established security pacts.

News
abstract architecture
Boko Haram Resurgence signals escalating threat across West Africa

In early February, Islamist militants stormed the villages of Woro and Nuku in Nigeria’s Kwara State, killing more than 160 civilians in one of the deadliest attacks in Nigeria this year, enacting widespread killings, the sacking of property and the abduction of dozens of residents.

News
Laos view of river and beach
Nigeria’s banks under pressure as AML rules bite

In March, the Central Bank of Nigeria introduced new baseline standards requiring banks and financial institutions to adopt automated anti-money laundering systems. By April, the reality of that shift was starting to land, as institutions began grappling with what it actually means to monitor transactions in real time and tighten oversight across complex financial networks.

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