Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), disclosed that the agency has uncovered instances of a religious sect in Nigeria engaging in money laundering for terrorists.
Moreover, he revealed that another religious group was harboring a money launderer, as funds suspected of being laundered were traced to the organization’s bank account.
Speaking at the Musa Yar’Adua Centre in Abuja during a dialogue titled “Youth, Religion, and the Fight against Corruption,” Olukoyede highlighted that various religious organizations, institutions, sects, and bodies have been implicated in money laundering activities.
Olukoyede said, “A religious sect in this country had been found to be laundering money for terrorists.”
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Earlier, he noted, “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.”