The Chairman of the Economic and Financial Crimes Commission (EFCC), Barrister Ola Olukoyede, disclosed that the agency has traced N7 billion, suspected to be proceeds of fraud, to a religious organization.
Speaking during a public engagement on youth, religion, and the fight against corruption, Olukoyede mentioned that the EFCC discovered the N7 billion while investigating a N13 billion fraud case. He noted that the organization obtained a restraining order to prevent the EFCC from inviting its leaders, but the commission is determined to appeal the order and recover the stolen funds. Olukoyede also revealed another religious body’s link to money laundering for a terrorist group.
Since assuming office three months ago, the EFCC has secured 747 convictions, with a focus on Internet-related offenses. The event aimed to address youth involvement in cybercrimes and promote the use of religion for their reorientation.
The theme was “Youth, Religion and the Fight Against Corruption,” featuring the launch of the Interfaith Preaching and Teaching Manual and the Fraud Risk Assessment Prevention and Control Project for Ministries, Departments, and Agencies (MDAs).
