During a one-day dialogue on “Youth, Religion, and the Fight against Corruption” held at the Musa Yar’Adua Centre in Abuja, Nigeria, the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, revealed that the agency has discovered religious sects in Nigeria allegedly involved in money laundering activities for terrorists. Olukoyede further disclosed that another religious organization was found to be sheltering a money launderer after funds suspected to have been laundered were traced to the organization’s bank account.
According to Olukoyede, religious organizations, institutions, sects, and bodies have been found culpable of money laundering. “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,” he said.
The event is still ongoing as of the time of writing this report.