The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the agency investigated Jerry Eze, founder of Streams of Joy International, over suspected money laundering.
Olukoyede said the probe lasted six months and was triggered by intelligence reports linked to large foreign currency inflows into the pastor’s domiciliary account.
According to him, investigators noticed frequent deposits in dollars and pounds from multiple countries, including Colombia, the United States, Sri Lanka, and Togo.
The EFCC boss said the unusual transaction pattern prompted the commission to carry out a detailed review.
He explained that the agency examined the pastor’s financial records and operations before inviting him for questioning.
After reviewing the findings and hearing from the cleric, the commission found no evidence of wrongdoing.
Olukoyede said Pastor Eze was instead commended after the investigation confirmed that the funds were legitimate.
He noted that the cleric explained the nature of his activities and how the funds were received and used.
Despite clearing the pastor, the EFCC chairman stressed that the commission will continue to monitor financial activities across all sectors.
He also warned that some individuals in religious spaces have been linked to fraudulent practices, adding that no group is exempt from scrutiny.
The revelation has sparked reactions online, with many Nigerians debating financial transparency, religious influence, and regulatory oversight.
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