EFCC to Approve Movement of Funds By NGOs in North-east

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Kingsley Nwezeh in Abuja

The Economic and Financial Crimes Commission (EFCC) yesterday declared that movement of funds by Non-Governmental Organisations (NGOs) operating in the North-east must be approved by it.

The commission also sought the collaboration of the Nigerian Army to end terrorism in the North-east by halting terror-financing and money laundering in the North-east.

Some NGOs in the region have been suspected of involvement in terror-financing.

Some were said to have paid for a 10-year hotel accommodation making it difficult for travellers to find accommodation in Maiduguri, the Borno State capital.

Former Acting Chairman of EFCC, Mr. Ibrahim Magu, had raised the alarm that some NGOs had 50 bank accounts and sought the cooperation of banks to arrest the situation by providing the necessary information.

A statement by the commission said the Maiduguri Zonal Head of the commission, Mr. Onwukwe Obiora, said movement of cash by NGOs…



Source: Thisday Newspaper