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EFCC Uncovers Religious Sect Laundering Money For Terrorists


February 1, 2024

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the anti-graft agency uncovered how a religious sect in Nigeria is “laundering money for terrorists.”

This was as he also revealed that another religious body was found to be protecting a money launderer after some money suspected to have been laundered was traced to the organisation’s bank account.

Speaking yesterday during a public engagement on youth, religion, and the fight against corruption, as well as the launch of the fraud risk assessment project for ministries, departments, and agencies, Olukoyede stated that the EFCC was investigating a N13bn fraud case when it discovered that N7bn of the N13bn was linked to a religious body’s bank account.Olukoyede who revealed the religious organisation quickly obtained a restraining order to prevent the EFCC from probing its leaders, insisted that the commission will not give up on the investigation as it is appealing the restraining order.