By Milcah Tanimu

The Economic and Financial Crimes Commission (EFCC) has raised concerns about the involvement of certain religious organizations in money laundering activities, accusing them of aiding and protecting money launderers. EFCC Chairman, Ola Olukoyede, brought attention to this issue during a one-day dialogue on “Youth, Religion, and the Fight against Corruption” held at the Musa Yar’Adua Centre, Abuja.

Olukoyede disclosed that some religious bodies in Nigeria have been identified as accomplices in money laundering, with one particular sect allegedly facilitating money laundering for terrorists. Additionally, another religious organization was reportedly found protecting a money launderer when funds suspected to be laundered were traced to the organization’s bank account.

The EFCC chairman highlighted the challenges faced by the commission in investigating these cases. In one instance, a restraining order was issued against the EFCC, preventing them from continuing their investigation into the alleged money laundering activities of a religious organization.

He emphasized that various religious institutions, sects, and bodies have been implicated in money laundering, urging a collective effort in addressing corruption and financial crimes within religious circles.

The revelation underscores the complex nature of financial crimes and the need for collaboration between law enforcement agencies and religious organizations to curb illicit activities and ensure accountability. The EFCC’s commitment to unveiling such practices aligns with its mandate to combat corruption and financial misconduct in Nigeria.