EFCC intercepts N7bn from religious body laundering money for terrorists

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said the agency has uncovered a religious sect laundering money for terrorists.

Olukoyede, who made the revelation at a one-day dialogue on “Youth, Religion, and the Fight against Corruption,” on Wednesday, January 31, in Abuja, also said N7 billion fraud proceeds was traced to another religious organisation.

He further said the EFCC had found religious organisations, institutions, sects and bodies culpable of money laundering in the country.

Olukoyede said one of such religious bodies dragged the commission to court to protect its leader after laundered money was traced to its bank account.

The EFCC boss said the religious body got a court injunction restraining the commission from inviting, arresting or prosecuting its leader.

“We will not give up on recovering the stolen funds,” Olukoyede said.

“It is so sad that as I stand before the eminent audience today, that our experience in fighting corruption has to do with the religious leaders and even traditional rulers.

“As I stand before you there is a matter we are handling of over N30 billion fleeced from Nigeria, and we were able to trace N7 billion to a particular religious body.

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“As we wrote a letter to the leader, the next thing we saw was a restraining order, stopping us from inviting them, stopping us from recovering the money.”

He said that the EFCC had appealed the judgement.

“Of course, we have appealed. Sometimes ago, we investigated the issue of money laundering, somewhere in this country, there is a particular religious sect that launders money for terrorists, these are the problems we are battling with,” Olukoyede added.

He also revealed that since he assumed office about three months ago, the anti-graft commission has secured 747 convictions, but said over 60 per cent of the convictions were cybercrime cases.

“To our faith leaders, my appeal is that those who lead our society from churches and mosques should develop messages that glorify industry, hard work, probity and contentment over riches, irrespective of how it was made.

“We all must stand up and be counted in the efforts to reset the mentality of our youths that the fast lane to affluence is fraud.

“Aside from our commitment to using faith to tackle corruption in various levels of society, we have also developed a remarkable tool which we intend to deploy to prevent corruption in our Ministries, Department and Agencies,” he said.

The Star