The Economic and Financial Crimes Commission, EFCC has revealed that some religious institutions are being used as conduits for money laundering activities.
The chairman of the EFCC, Ola Olukoyede, made the revelation Wednesday at a public event, in Abuja, saying some religious bodies were complicit in laundering stolen funds.
He revealed that the anti-graft commission was investigating a stolen N13 billion, apparently from a public official, when it discovered that N7billion out of the lump sum was hidden in a bank account belonging to a religious organisation.
Olukoyede said that the unnamed religious body obtained a court restraining order to block the EFCC from probing into the source of the fund.
But Olukayode said EFCC has appealed the order and would get it lifted, in order to continue its investigation. adding that some religious bodies were being used as conduits for terrorism financing.
Although Olukoyede did not mention the religious organisation, the Punch claimed an official squealed to it that it was a church.
