Extortion

In a bustling week peppered with captivating headlines, a noteworthy claim has emerged regarding the Yemeni Houthis and their purported financial activities involving the Red Sea. Maritime lawyer Stephen Askins from Tatham & Co is casting a critical eye over these claims, raising a skeptical eyebrow at the notion that the Houthis are banking $180 million a month from maritime companies seeking safe passage through these waters.Mogadishu (AX) — The swirling rumors suggest that hefty payments are navigated through an…

ISIS Militants Rake in $6 Million Through Extortion in Somalia NAIROBI, Kenya - The relatively small yet menacing ISIS faction in Somalia has reportedly gathered nearly $6 million over the past couple of years, as highlighted in a recent report by the International Crisis Group (ICG). The report also points to the group’s ambitious endeavors to broaden its control. Currently active in Northeastern State’s Bari region, the ISIS-linked faction comprises around 500 combatants, including several foreigners. Their…