EFCC Goes After Church For Receiving N7bn Fraud Proceeds

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the anti-graft agency traced the sum of N7bn, suspected to be proceeds of money laundering, to a religious organisation.

He said another religious group was found to be laundering money for terrorists.

The EFCC chairman made the revelation on Wednesday at the Musa Yar’Adua Centre, Abuja, during a one-day dialogue on “Youth, Religion, and the Fight against Corruption.”

He said some of the religious organisations, institutions, sects, and bodies in the country had been found to be aiding and abetting fraudsters and terrorists.

Olukoyede stated that the EFCC discovered the laundered N7bn in the bank account of a religious organisation in the course of investigating a N13bn fraud.

Though he did not reveal the identity of the religious organisation, a source in the anti-agency privy to the case told our correspodent that it was a church.

The EFCC chairman vowed that the anti-graft agency would recover the money through the court.

Olukoyede said, “We were investigating a N13bn money laundering case when we discovered that N7bn of the N13bn was linked to a religious organisation’s bank account.

“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.”

Olukoyede, however, said the EFCC would not give up on the investigation as the restraining court order had been appealed.