The EFCC Chairman reveals the discovery of a religious sect involved in money laundering for terrorists

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The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, revealed that the anti-graft agency uncovered a religious sect in Nigeria engaged in money laundering for terrorists.

Additionally, another religious body was found protecting a money launderer linked to suspicious funds traced to its bank account.

During a public engagement on youth, religion, and the fight against corruption, Olukoyede disclosed that during an investigation into a N13bn fraud case, N7bn was discovered connected to a religious organization’s bank account.

He emphasized that various religious entities have been implicated in money laundering, highlighting a case where a religious sect was found laundering money for terrorists.

Despite facing a restraining order during the investigation, the EFCC remains determined and is appealing to recover the stolen funds.

The event addressed challenges related to youth involvement in cybercrimes and explored how religion could be utilized for their reorientation.

The theme, “Youth, Religion, and the Fight Against Corruption,” included the launch of the Interfaith Preaching and Teaching Manual and the EFCC’s Fraud Risk Assessment Prevention and Control Project for Ministries, Departments, and Agencies.

 

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