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EFCC busts religious sect laundering money for terrorists

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FG busts six BDC operators, nine others financing terrorism in Nigeria

The Economic and Financial Crimes Commission (EFCC) says it has busted how a religious sect in Nigeria is laundering money for terrorists.

Ola Olukoyede, EFCC chairman who made this disclosure, said the agency also uncovered another religious body found to be protecting a money launderer after some money suspected to have been laundered was traced to the organisation’s bank account.

Olukoyede said this on Wednesday at the Musa Yar’Adua Centre, Abuja, during a one-day dialogue on “Youth, Religion, and the Fight against Corruption.”

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According to him, religious organisations, institutions, sects, and bodies, have been found culpable of money laundering.

“We were able to trace some laundered money to a religious organisation, and when we apporached the religious organisation about it and we were carrying out our investigation, we got a restraining order stopping us from carrying out our investigation,” he said.

“A religious sect in this country had been found to be laundering money for terrorists.”

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