Nigeria: Terror Financing - EFCC Moves to Probe NGOs Over 40 Bank Accounts

10 April 2019

Abuja — In a renewed bid to track the movement of laundered funds in the banking system used to finance terrorism, the Economic and Financial Crimes Commission (EFCC) yesterday declared that it would commence an investigation into the financial dealings of some Non-Governmental Organisations (NGOs) operating in the North-east.

A military source had recently raised posers about the upfront payment of hotel accommodation for upwards of 10 years by some NGOs operating in Borno State, making it difficult for travellers to secure accommodation in Maiduguri, the state capital.

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