Nigeria News

EFCC arrests religious sect laundering money for terrorists

01 Feb 2024
EFCC arrests religious sect laundering money for terrorists

Ola Olukoyede, the chairman of the Economic and Financial Crimes Commission, disclosed that the anti-graft agency has discovered that a Nigerian religious cult is financing terrorism.

In addition, he disclosed that a different religious institution was discovered to be shielding a money launderer after some suspected money was determined to have been laundered and linked to the bank account of the organisation.

The disclosure was made by the head of the EFCC on Wednesday during a one-day dialogue on "Youth, Religion, and the Fight against Corruption" at the Musa Yar'Adua Centre in Abuja.

He mentioned that it has been determined that certain religious entities, organisations, and sects have engaged in money laundering.

He continued by saying that it was discovered that one religious organisation was financing terrorists.

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

He went on to say that the EFCC needed the support of public servants, religious leaders, and traditional leaders in order to combat corruption in the nation.

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