Chad Sponsoring Boko Haram With Eyes on Borno Oil Deposits

                                        
The plot keeps thickening, and what began as a mere suspicion is beginning to sound serious: The Cable says that Chad may be a major backer and financier of Boko Haram – with plans to take over the oil deposits in the Chad Basin, Borno State.

Apparently, there is hydrocarbon deposit in a 3,350 square meter area in the Chad Basin. In the last two years, we read, the Federal Government has pumped about N30bn into feasibility studies of the place’s oil potential.
The lukewarm disposition of Nigeria’s neighbors, especially Cameroon and Chad, to the Bok Haram menace has long been attributed to regional rivalry, rather than economic interest.

However, recent developments as shown by the phantom ceasefire deal in October brokered by Idriss Deby, Chadian president, has led security agencies to believe that the west African country may be in on the insurgency.

Chad might be eyeing control of the Chad Basin in Borno state, which is believed to be very rich in hydrocarbon reserves, a senior military officer told TheCable. We now have enough grounds to suspect that the staying power of Boko Haram is Chad. While the terrorists have been striking against Cameroon, they have never carried out any attack in Chad. Their arms may be passing through the Chadian territory.