Intrigues as EFCC Exposes Church For Receiving N7bn from Proceeds of Fraud
- The EFCC chairman, Ola Olukoyede, has disclosed that the anti-graft commission has been able to trace the sum of N7 billion from the proceeds of fraud to a church
- Olukoyode disclosed that the money was traced to the church during the investigation of the N13 billion fraud
- The EFCC boss further disclosed that when operatives of the agency visited the church during the investigation, they received a restraining order
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FCT, Abuja -- Ola Olukoyode, the chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that the anti-graft agency had traced about N7 billion to a religious organisation.
The EFCC boss maintained that the money was suspected to be proceeds of fraud and money laundering.
Source: Twitter
EFCC reveals religious group laundering money for terrorists
According to Olukoyode, another religious sect was found laundering money for terrorists.
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He made the disclosure on Wednesday, January 31, while speaking at a one-day dialogue on "Youth, Religion, and the Fight against Corruption" at the Musa Yar'Adua Centre in Abuja.
The EFCC disclosed that some of the religious bodies, organisations, sects and institutions had been of help and support to fraudsters and terrorists.
According to Olukoyode, the laundered N7 billion was discovered in the bank account of a church while the EFCC was investigating a N13bn fraud.
EFCC details N7bn proceed of fraud
Though Olukoyode did not disclose the identity of the religious organisation, The Punch cited a source privy to the development and said it was a church.
The chairman of the anti-graft agency vowed that the commission would retrieve the money via the court.
Olukoyode said:
“We were investigating an N13bn money laundering case when we discovered that N7bn of the N13bn was linked to a religious organisation’s bank account."
He added that when the religious organisation was approached during the EFCC investigation, a restraining order stopped the agency from probing further.
EFCC uncovers religious sect aiding terrorists
Legit.ng earlier reported that the EFCC chairman also revealed a religious sect in Nigeria was responsible for laundering money for terrorists in Nigeria.
Olukoyede said a religious organisation was caught protecting a money launderer after the money laundered was traced to the religious organisation's account.
According to the EFCC chairman, they received a restraining order on getting to the religious organisation to carry out their investigation.
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Source: Legit.ng
