EFCC Uncovers Money Laundering by Religious Sects in Nigeria
Excerpt
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The EFCC chair explained the obstacles the commission faces in investigating the proceeds of money laundering traced to the unnamed religious body.
The Chairman of the Economic and Financial Crimes Commission (EFCC), Barrister Ola Olukoyede, has revealed that the agency traced N7 billion, suspected to be
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says the agency has uncovered a religious sect laundering money for terrorists. Olukoyede, who made the revelation at a one-day dialogue on “Youth, Religion, and the Fight against Corruption.” on Wednesday in Abuja, also said N7 billion fraud proceeds was traced to another religious
Chairman of EFCC revealed that the agency traced the sum of N7bn suspected to be proceeds of money laundering to a religious organisation.