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EFCC Discovers Religious Sect Using Money Laundering to Finance Terrorism

In a startling revelation, the Chairman of the Economic and Financial Crimes (EFCC), Ola Olukoyede, has disclosed the involvement of a religious sect in Nigeria in laundering money for terrorist organizations.
Arrests, Bail Must Follow Rule Of Law – EFCC Boss Tells Operatives

 

This information came to light during a one-day dialogue on “Youth, Religion, and the Fight against Corruption” held at the Musa Yar’Adua Centre in Abuja on Wednesday.

In addition to this shocking discovery, Olukoyede also revealed that another religious body was found to be harbouring a money launderer.

This was uncovered after funds suspected to be part of a money laundering operation were traced to the organization’s bank account.

The EFCC Chairman emphasized that these findings indicate the extent to which religious organizations, institutions, and bodies have become entangled in financial crimes, particularly money laundering.

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

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

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