We have uncovered a religious sect laundering money for terrorists – EFCC Chairman

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, says the agency has uncovered how a religious sect in Nigeria is laundering money for terrorists.

The EFCC boss 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.

While speaking at the event, Olukoyede stated that investigations have shown that religious organizations, institutions, sects, and bodies, are now being used as conduit pipes to launder money.

“A religious sect in this country had been found to be laundering money for terrorists. We were able to trace some laundered money to a religious organization, and when we approached the religious organization about it and we were carrying out our investigation, we got a restraining order stopping us from carrying out our investigation,” he said

Last updated: Just Now2025-08-21T11:50:56+01:00

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