Religious Sect Capable of Money Laundering – EFCC CHAIRMAN

Nigerian anti-graft agency, the Economic and Financial Crimes Commission (EFCC) says religious organisations, institutions, sects, and bodies are culpable of money laundering that fund s terrorism in Nigeria.

Chairman of EFCC, Ola Olukoyede made the accusation at the one-day dialogue on “Youth, Religion and the Fight against Corruption,” at the Musa Yar’Adua Centre, Abuja in Wednesday.

Olukoyede, frankly revealed that the agency had traced the sum of N7 billion, which was suspected to be proceeds of money laundering, to a religious organisation.

He explained that EFCC started an investigation of a N13bn fraud case and discovered that N7billion of the N13bn was linked to a religious body’s bank account.

The EFCC boss stated that the religious body was found to be protecting the money launderer because it quickly obtained a restraining order to prevent the EFCC from probing its leaders.

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

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

The event saw a re-launch of the Inter-faith Preaching/Teaching Manuals.

It was also used to launch the Fraud Risk Assessment Project for ministries, departments and agencies (MDAs).

Principally, there was a concerted resolve to galvanize thoughts and actions toward riding Nigeria of all forms of economic and financial crimes for a better country.

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