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

The Economic and Financial Crimes Commission (EFCC) yesterday declared that movement of funds by NonGovernmental 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 terrorfinancing 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 in Borno, Adamawa and Yobe states must be approved by the commission.

He spoke during a courtesy call on Theatre Command of Operation Hadi ka in Maiduguri.

“We want to equally inform you that in carrying out our mandate the commission ensures that movement of cash by Non-Governmental Organisations across the local governments in Borno, Yobe and some part of Adamawa State must be approved by the zonal office”.

He further stated that if sponsors of insurgency and kidnapping were cut off, the fight against insurgency would be won by the theatre command.