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EFCC uncovers religious organisation laundering money for terrorists

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EFCC arrests Edo Accountant General, others days to Obaseki’s handover
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The Economic and Financial Crimes Commission (EFCC) says it has uncovered a religious organisation laundering money for terrorists wreaking havocs in the country.

The chairman of the anti-graft agency, Ola Olukoyede, made this revelation during a one-day dialogue in Abuja, on Wednesday.

Speaking at a programme with the theme: “Youth, Religion, and the Fight against Corruption”, Olukoyede said the religious body was found culpable while protecting a money launderer after some money suspected to have been laundered was traced to the organisation’s bank account.

“A religious sect in this country had been found to be laundering money for terrorists. We were able to trace some laundered money to a religious organisation.”

“When we approached the religious organisation about it and we were carrying out our investigation, we got a restraining order stopping us from carrying out our investigation,” the EFCC boss said.

The one-day event was aimed at addressing the challenges of youth involvement in cybercrimes and how religion could be used for their reorientation.

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The theme, which also featured the launch of the Interfaith Preaching and Teaching Manual developed by the Interfaith Anti-Corruption Advisory Committee of the Commission, was to instigate abhorrence for corruption among adherents of Islam and Christianity.

Speaking at the event, the EFCC boss also disclosed that not less than N7 billion fraud proceeds was traced to another religious organisation, explaining that one of such religious bodies dragged the commission to court to protect its leader after laundered money was traced to its bank account.

The anti-graft czar vowed that the agency won’t succumb to pressure from various quarters, adding that the EFCC would block and prosecute those culpable in the terrorism financing in line with the laws of the land.

Olukoyede stated, “We will not give up on recovering the stolen funds. It is so sad that as I stand before the eminent audience today, that our experience in fighting corruption has to do with the religious leaders and even traditional rulers.

“As I stand before you there is a matter we are handling of over 30 billion fleeced from Nigeria, and we were able to trace N7 billion to a particular religious body. As we wrote a letter to the leader, the next thing we saw was a restraining order, stopping us from inviting them, stopping us from recovering the money.”

According to him, the EFCC had appealed the restraining order against the commission and other critical steps to strengthen the fight have been put in place to win the fight against those who he described as “enemies of Nigeria”

He also revealed that since he assumed office about three months ago, the anti-graft commission had secured 747 convictions, but over 60 per cent of the convictions were cybercrime cases.

“To our faith leaders, my appeal is that those who lead our society from churches and mosques should develop messages that glorify industry, hard work, probity and contentment over riches, irrespective of how it was made.”

“We all must stand up and be counted in the efforts to reset the mentality of our youths that the fast lane to affluence is fraud. Aside from our commitment to using faith to tackle corruption in various levels of society.

“We have also developed a remarkable tool which we intend to deploy to prevent corruption in our Ministries, Department and Agencies,” he said.

According to him, the tool, a Fraud Risk Assessment Project, is meant to assist government agencies to address systemic vulnerabilities at the personal, institutional and environmental levels.

“When fully deployed, it will save the nation billions of Naira in stolen wealth, time and resources spent in investigating grand corruption cases.

“The project is intended to commence, in the first instance, with 20 extremely vulnerable agencies of government.

“We believe that with the support of the government and the cooperation of the leadership of the selected agencies, we will be able to drastically close the space for brazen graft in the public sector,” he said.

Our correspondent reports that the anti-graft agency’s Fraud Risk Assessment Prevention and Control Project for Ministries, Departments and Agencies was also inaugurated during the event.

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Ex-Bauchi deputy governor dies at 69

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Former Deputy Governor of Bauchi State, Audu Sule-Katagum, is dead. He was 69.

His death was announced on Saturday by Shamsuddeen Lukman Abubakar, who served as his digital and creative media aide.

Katagum passed away in the early hours of Saturday. His death has drawn condolences from political leaders and traditional institutions across Bauchi State.

He served as deputy governor between 2018 and 2019 under former Governor Mohammed Abdullahi Abubakar. Before that, he was Chief of Staff at the Bauchi State Government House.

“Inna Lillahi Wa Inna Ilaihi Raji’un. It is with profound sadness that we announce the passing of Arch. Audu Sule Katagum, Wazirin Katagum and former Deputy Governor of Bauchi State,” Lukman said in a statement.

“The deceased passed away in the early hours of today after a life of dedicated service to his community, Bauchi State and the nation,” he added.

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Lukman said funeral arrangements would be announced by the family. He also prayed for the late deputy governor.

“May Almighty Allah forgive his shortcomings, grant him Aljannatul Firdaus, and give his family, friends and associates the fortitude to bear this great loss. Ameen,” the statement read.

Beyond politics, Katagum held the revered traditional title of Wazirin Katagum, a position that gave him strong influence within the Katagum Emirate.

He was the son of the late Alhaji Sule Katagum, Nigeria’s first Chairman of the Federal Public Service Commission, who also once held the Waziri title.

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Obi Donates Additional ₦25 Million to Shanahan University

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Mr. Peter Obi presents a cheque of ₦25 million to support Shanahan University, Onitsha.
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The Presidential Candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi, has made a further donation of ₦25 million to support the development of Shanahan University, Onitsha, Anambra State.

Presenting the cheque, the Shanahan Hall of Holy Trinity Basilica, Onitsha yesterday, Mr. Obi reiterated his firm belief that investment in education remains one of the most effective ways of building a productive and prosperous society. He reminded the students that education is not merely about acquiring certificates but about developing the knowledge, character, and skills necessary to contribute meaningfully to society. He urged them to take their studies seriously and strive to become responsible leaders capable of transforming Nigeria for the better.

Speaking during the event, Rev. Fr. Basil Ekwunife, expressed profound gratitude to Mr. Obi for his continued concern for humanity and his consistent support for educational and social causes. He commended Obi’s remarkable energy, dedication, and commitment to nation-building, noting that such qualities have distinguished him in public life. According to him, Obi possesses the vision, discipline, and capacity required to lead the nation and deploy the same passion and energy he has demonstrated in private and public service for the good of the country.

The Vice-Chancellor of the University, Rev. Fr. Prof. Josephat Oguejiofor, also thanked Mr. Obi for his continued support for the institution. He recalled the numerous ways Obi has assisted the university since its inception, stressing that what makes his interventions particularly remarkable is that they often come without solicitation. He described Obi as a genuine friend of education whose actions consistently reflect his commitment to the advancement of society.

Prof. Oguejiofor explained that the vision of Shanahan University is to produce graduates who are not only academically sound but also morally upright and socially responsible. He emphasized that the institution is committed to nurturing individuals who will function optimally in society and contribute meaningfully to national development.

Mr. Obi was accompanied on the visit by Professor Chinyere Stella Okunna and Professor Patrick Obi, among others.

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Enugu Wins Infrastructure, IGR Awards at BusinessDay States Competitiveness Awards 2025

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…Mbah: Enugu has a lot of success stories to tell in 3 years

Enugu State has shone brilliantly at the BusinessDay States Competitiveness and Investment Readiness Awards (SCIRA) 2025, carting home the Infrastructure Development Competitiveness Award and Outstanding Performance in Internally Generated Revenue (IGR) Award.

Governor Peter Mbah, represented by the Commissioner for Works and Infrastructure, Engr. Ben Okoh and the Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Mr. Emmanuel Nnamani, received the awards on behalf of the state government in Abuja, Thursday night.

Presenting the awards, the Publisher/CEO of BusinessDay Media Limited, said Governor Mbah had impacted public infrastructure in a way that goes beyond just playing politics.

“In the last six months, I have had the opportunity of travelling to Enugu three times. The first time I visited in January, my taxi driver was eager to take me around. That caught my imagination. I began to ask questions and I began to look around.

“One thing I found especially quite interesting was that Governor Mbah did not set aside everything that he met, which could have been a waste of public resources. He looked at what is good and he rebuilt them; the ones that were not completed, he completed them.

“Two things that struck me because I had to ask a question, where does he get the money? I saw good roads, and I don’t mean good roads in the major highways, I mean good roads even in the communities that are far away from the prime areas of the state capital, Enugu.

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“I thought that that is a very good example of a private sector person, who knows what to do with resources, because if you use resources well, you get more from little and that is what the governor has done. And for that, Governor Mbah is receiving this award. He has impacted public infrastructure in a way that goes beyond just playing politics,” he stated.

Speaking, Engr. Okoh thanked BusinessDay for recognising the Mbah Administration’s efforts at rewriting the narrative of the state, stressing that Enugu had a lot of success stories to tell in just three years.

He, however, described the awards as a motivation to do more, noting, “as the governor always says, you ain’t seen nothing yet.”

Okoh went on to reel out some of the achievements of the administration, saying that “Enugu State has witnessed an unprecedented infrastructural revolution, the type we have never seen since the advent of this present democracy in 1999.”

“Projects that were inherited even from governments that left office in 2007- for instance, the International Conference Centre, Mbah has completed it. Hotel Presidential, the flagship hotel of the old Eastern Region, and the Nigergas Company, which has remained moribund for over 30 years, have been revived.

“Being the commissioner for Works and Infrastructure in the state, I can stand here confidently to say that no government since 1999 achieved what Governor Mbah has achieved in three years.

“I can say that in terms of road construction, in just three years, we have done far more than double what any other government did in eight years. No government in Enugu since 1999 did up to 600Km of roads in eight years.

“Under Governor Mbah, we have 267 smart schools across the state and 260 Primary Healthcare Centres to our credit.

“We are developing the New Enugu City, a world-class smart city. The present Enugu City is about 14,000 hectares, while the New City is approximately 10,000 hectares. To put this in perspective, the New Enugu City is almost the same size as Paris, Milan or Barcelona, making it one of the largest planned urban developments in Africa.

The New Enugu City is also larger than Manchester or the entire Phase One of the Federal Capital City, Abuja, which comprises the districts of Asokoro, Maitama, Maitama Extension, Wuse I (Zone 1 – 7), Wuse II, Garki I (Area 1 – 11), Garki II, the Central Business District, Three Arms Zone, Guzape I, and Guzape II.

This is the first time a state in Nigeria would be undertaking an integrated infrastructure development, which is what we have in the FCT where all the facilities in the modern city are underground, and telecommunications lines- the fibre optics, the electrical cables, water pipes, everything is underground. It is not just a vision; the projects are already ongoing.

“There is no particular sector that Governor Peter Ndubuisi Mbah has not touched, be it tourism, security, agriculture, education or even transport sector where the administration floated Enugu Air, built five ultramodern transport terminals and launched over 150 CNG buses,” he said.

It is also recalled that the Mbah Administration has disrupted the state’s IGR space, where he used reforms and technology to grow the state’s IGR exponentially from N26.8bn in 2022 to N37.4bn in 2023, N180.5bn in 2024, and N406.7bn in 2025, with tax revenue accounting for just N51.5bn or 12.6 per cent of the 2025 IGR proceeds.

Meanwhile, BusinessDay is Nigeria’s leading business newspaper and the SCIA recognises and celebrates states that have demonstrated exceptional performance in governance, economic development, infrastructure delivery, investment promotion, and the creation of an enabling environment for businesses and citizens to thrive.

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