EFCC uncovers religious sect laundering money for terrorists

EFCC uncovers religious sect laundering money for terrorists

The Chairman Economic and financial Crime Commission. (EFCC) Ola Olukoyede, during a one-day dialogue on “Youth, Religion, and the Fight against Corruption” at the Musa Yar’Adua Centre in Abuja, Nigeria, brought to light startling revelations, that the anti-graft agency had uncovered the involvement of a religious sect in Nigeria in laundering money for terrorists.
In addition, he disclosed that another religious body had been shielding a money launderer after suspicious funds were traced to the organisation’s bank account. Olukoyede emphasised that religious organisations, institutions, sects, and bodies have been found to be complicit in money laundering activities, causing grave concern.

Regarding the disturbing findings, he stated, “A religious sect in this country had been found to be laundering money for terrorists.” He also highlighted a case where the EFCC’s investigation was obstructed by a restraining order obtained by a religious organisation, hindering efforts to recover stolen funds. Despite the challenges faced, Olukoyede affirmed the EFCC’s commitment to persist in its investigations and legal recourse to combat financial crimes and recover illicit funds. Notably, since assuming office as Chairman of the EFCC three months ago, the anti-graft commission has secured 747 convictions, with a significant number related to internet-based offenses