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

-

 

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


The Economic and Financial Crimes Commission (EFCC) in Nigeria has reportedly uncovered instances of money laundering involving religious sects and bodies, the Commission’s Chairman, Ola Olukoyede has disclosed.

According to Olukoyede, the anti-graft agency found evidence of a religious sect in Nigeria being involved in laundering money for terrorists. Another religious organization was also implicated for protecting a money launderer when funds, suspected of being laundered, were traced to its bank account.

In the course of investigating a N13 billion fraud case, the EFCC discovered that N7 billion of the total amount was linked to a religious body’s bank account. Olukoyede emphasized that various religious entities, including organizations, institutions, sects, and bodies, have been implicated in money laundering activities.

HOME
NATIONAL
COLUMNS
BUSINESS
POLITICS
OPINION
ENTERTAINMENT
THE SUN TV
SPORTING SUN
THE SUN FOUNDATION
We have uncovered a religious sect laundering money for terrorists – EFCC Chairman
 31st January 2024


Ola-Olukoyede
EFCC Chairman Ola Olukoyede


The Economic and Financial Crimes Commission (EFCC) in Nigeria has reportedly uncovered instances of money laundering involving religious sects and bodies, the Commission’s Chairman, Ola Olukoyede has disclosed.

According to Olukoyede, the anti-graft agency found evidence of a religious sect in Nigeria being involved in laundering money for terrorists. Another religious organization was also implicated for protecting a money launderer when funds, suspected of being laundered, were traced to its bank account.

In the course of investigating a N13 billion fraud case, the EFCC discovered that N7 billion of the total amount was linked to a religious body’s bank account. Olukoyede emphasized that various religious entities, including organizations, institutions, sects, and bodies, have been implicated in money laundering activities.


During an attempt to investigate a religious organization regarding laundered money, the EFCC faced resistance as the organization swiftly obtained a restraining order to halt the investigation. Despite this setback, the EFCC is determined to pursue the case, and Olukoyede stated that they are appealing the restraining order to recover the stolen funds.

He spoke during a public engagement event, titled “Youth, Religion, and the Fight Against Corruption,” aimed at address challenges related to youth involvement in cybercrimes and explore the potential role of religion in redirecting them away from such activities.

The event also marked the launch of the Interfaith Preaching and Teaching Manual developed by the Interfaith Anti-Corruption Advisory Committee and the unveiling of the EFCC’s Fraud Risk Assessment Prevention and Control Project for Ministries, Departments, and Agencies.

Comments

Post a Comment

Popular posts from this blog

French Firm, Canal+ Group, Offers To Buy Multichoice For $1.69bn - Business - Nairaland

-
Image
  French Firm, Canal+ Group, Offers To Buy Multichoice For $1.69bn - Business  Nairaland Canal+ Group, a French TV channel, has offered to buy all the shares in South Africa’s MultiChoice for $1.69 billion. According to Reuters, Canal+, in a statement on Thursday, said it has already submitted a proposal to this effect. Canal+, a top shareholder in MultiChoice with a 31.67 percent stake, according to data on London Stock Exchange Group (LSEG), said it would likely pay 105 rand in cash per share — a 40 percent premium to MultiChoice’s closing share price on Wednesday. The French firm said its offer, worth 31.7 billion rand ($1.69 billion), was non-binding and indicative. The company is expected to deliver a letter of firm intention to MultiChoice’s board once due diligence has been completed. “MultiChoice to continue to thrive in Africa will require a strategy that enhances its scale as well as strengthened local and global expertise,” Maxime Saada, chairman and chief executive officer
Read more

Imploded Titanic Submarine Seen For First Time As Pieces Are Recovered - Travel - Nairaland

-
Image
  Imploded Titanic Submarine Seen For First Time As Pieces Are Recovered - Travel - Nairaland Imploded Titanic submarine seen for first time as pieces recovered from sea floor The Titan’s wreckage was seen for the first time in pictures taken on Wednesday, more than a week after it imploded in the depths of the Atlantic Debris from the Titan was brought ashore by deep-sea robots on Wednesday as the US Coast Guard continues recovery operations following the sub’s catastrophic implosion. The Titan’s wreckage was seen for the first time in pictures after the Coast Guard announced on 22 June that ROVs (remotely-operated vehicles) found its chambers in a sea of debris 1,600ft from the bow of the Titanic, roughly 12,000ft below the ocean surface. Pelagic Research Services, the company that operated the ROV that made the previous debris findings, said on Wednesday that its team had successfully completed off-shore operations and was now in the process of demobilisation after 10 days of work.
Read more

Outrage as teacher allegedly flogs Lagos pupil to death

-
Image
  Outrage as teacher allegedly flogs Lagos pupil to death THE PUNCH NEWS ONLINE Pandemonium erupted at Araromi Ilogbo Secondary School in Oko Afo, Lagos, as pupils of the school protested the demise of one of their colleagues who was allegedly flogged to death by a teacher. The incident was said to have occurred on Thursday when the deceased, identified as David Babadipo, was allegedly flogged by the teacher whose name was given as Oluwale. It was gathered that the 16-year-old who had been ill for some days was rushed to a hospital after he was flogged where he was confirmed dead. In a video seen by our correspondent on Friday, many pupils of the school could be seen running helter-skelter within the school compound and outside its premises.
Read more