African presidents create $87 mln emergency fund to fight Boko Haram - CNBC Africa

African presidents create $87 mln emergency fund to fight Boko Haram

Special Report

by Reuters 0

Gabon's President Ali Bongo announced the creation of the Fund to fight Islamic millitant group, Boko Haram. PHOTOS: wikimedia

"My counterparts from the CEEAC and I decided to create an emergency fund of 50 billion CFA francs ($86.72 million) to fight Boko Haram," Gabon's President Ali Bongo, who attended the one-day summit in Cameroon, said on his personal Twitter account.

(READ MORE: West Africa leaders vow to wage "total war" on Boko Haram)

The insurgents have killed thousands and kidnapped hundreds in a five-year insurgency in northern Nigeria, and have recently intensified cross-border raids on neighbouring countries in the Lake Chad area.

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