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


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.



Please enter your comment!
Please enter your name here

Share post:




More like this

Veekee James, Fireboy DML, Victor Osimhen, Tyla make Forbes Africa “30 Under 30” 2024 

Veekee James, Fireboy DML, Victor Osimhen, Tyla make Forbes...

Paradox of Progress and Patriotism – The Unpatriotic Response to Nigeria’s Advancements.

🇳🇬 Paradox of Progress and Patriotism - The Unpatriotic...

Naira Abuse: Understanding the Law and Avoiding Penalties

Like the national flag, anthem and even the international...