The chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, revealed on Wednesday that a powerful religious sect in the country secured a court order to stop the EFCC from investigating a sum of N7 billion linked to some terrorists. The shocking revelation came during a sensitization event held at the Yar’Adua Centre in Abuja, with the theme “Youth, Religion, and the Fight Against Corruption.”
Vanguard learned that the EFCC was conducting an investigation into a massive fraud totaling N13 billion when it discovered that N7 billion of the cash was traced to an account belonging to a religious institution. While the chairman did not explicitly name the sect or the terrorist group involved, he emphasized that various religious organizations, institutions, sects, and bodies had been participating in money laundering activities.
Olukoyede expressed his concerns, stating, “A religious sect in this country had been found to be laundering money for terrorists.” He went on to reveal that when the EFCC approached the religious organization about the investigation, a restraining order was issued, preventing them from further pursuing the case.
The chairman’s revelation sheds light on the prevalent issue of money laundering and the involvement of religious bodies in Nigeria. The EFCC has been at the forefront of combatting financial crimes in the country, but this latest development highlights the challenges they face in their efforts to uncover and bring criminals to justice.
Efforts to reach representatives of the religious sect and the court for comments were unsuccessful at the time of this report. However, it is expected that the EFCC will appeal the court’s decision and continue their investigation into the alleged money laundering activities.
As the Nigerian government continues its fight against corruption, cases like these emphasize the need for a comprehensive approach to tackling financial crimes within religious institutions. It remains to be seen how the authorities will address this issue and ensure that such illicit activities are promptly and thoroughly investigated.
The EFCC chairman’s disclosure serves as a wake-up call for both religious bodies and the general public, emphasizing the importance of transparency, accountability, and adherence to the law in all financial transactions.
