Lake Chad attack attack on the Republic of Chad. Lake Chad attack The Lake Chad attack was a terrorist attack on the Niger side of Lake Chad by 30 members of Boko Haram, an Islamic sect in northeastern Nigeria. The incident was reported to have occurred on February 25, 2014 and was launched by members of the insurgents in Northeastern Nigeria. Sophisticated weapons were used in the attack, leaving scores of civilians and 7 soldiers dead. Since the sects had been designated by the US as a "terrorist" organisation in 2009, they had carried out several cross-border attacks but the February 25, 2014
Chad–Cameroon Petroleum Development and Pipeline Project which provided $46.6 million to finance Cameroon and Chad's equity in COTCO and TOTCO. Included in plans for the project was a revenue management law developed by the World Bank. This separated the oil revenues given to Chad into four required areas: a Future Generations Fund, health, education and other development projects, a fund to compensate the Doba region of Chad from where the oil was extracted and government reserves. The revenue management law also created the Petroleum Revenue Oversight Committee, which oversees how the oil revenues are spent, and includes members of both the Chadian government and civil society.