Just In: EFCC Busts Religious Sect For Laundering Money For Terrorists

according to the Chairman, the religious organization was found to be protecting a money launderer after tracing suspicious funds to their bank account.

Adoga Stephen By Adoga Stephen - Editor-In-Chief
1 Min Read

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the agency has discovered a religious group in Nigeria that is allegedly involved in money laundering for terrorists.

He also revealed that another religious organization was found to be protecting a money launderer after tracing suspicious funds to their bank account.

Olukoyede made these revelations during a one-day dialogue on “Youth, Religion, and the Fight against Corruption” at the Musa Yar’Adua Centre in Abuja. He emphasized that various religious entities have been implicated in money laundering activities.

Olukoyede said, “A religious sect in this country had been found to be laundering money for terrorists.”

“We were able to trace some laundered money to a religious organisation, and when we apporached the religious organisation about it and we were carrying out our investigation, we got a restraining order stopping us from carrying out our investigation,” he said.

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By Adoga Stephen Editor-In-Chief
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Stephen studied Mass Communication at the Lagos State Polytechnic, Ikorodu (now Lagos State University of Science and Technology), where he acquired requisite training for the practice of journalism. He loves the media, and his interest mostly lies in print medium, where his creative writing skill makes him a perfect fit.