EFCC chairman reveals why Pastor JERRY EZE was investigated for money laundering

Thursday, April 30, 2026 - Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has opened up on why Clergyman, Jerry Eze of Streams of Joy International was investigated.

Speaking at an event in Abuja in a video shared by Channels TV, Olukoyede revealed that the probe lasted six months and was triggered by intelligence reports showing large inflows of foreign currency into a domiciliary account linked to the pastor.

He said dollars and pounds were coming in from multiple countries, which raised concerns and led the agency to carry out a full investigation.

According to him, after reviewing the financial records and inviting the pastor for questioning, no wrongdoing was established.

“I am going to embarrass you today. I never wanted to say it, but I just felt that was my little way of making this contribution.

“I investigated this man for six months for money laundering. We work by intelligence, we work by petitions.

“At some point, there was an account, a domiciliary account; dollars, pounds were dropping like raindrops from Colombia, from America, from Sri Lanka, even from Togo.

Olukoyede added that he later invited Pastor Eze to commend him after understanding how the funds were received and used, noting that the EFCC will continue to monitor financial activities as part of its mandate.

“I said, ‘Who is this man?’ Yes, I have been hearing about his name. I have seen his face a couple of times. I never bothered about what he was doing; he is a pastor,” Olukoyede said.

“So, they said it’s one Pastor Jerry Eze of Streams of Joy. Go and investigate him. So, we went into investigation; we combed the books. Yes, we saw the money coming in.

“So, my investigating officer came to me one day and said, ‘Sir, this is the preliminary report.’ I said I would like to see this man. Go and invite him.

“So, he (Eze) came to my office. I saw him. I had seen that face, but I didn’t know it was him, because I saw somebody who came in with baggy trousers, a T-shirt, and some punk with a parting.

“I was almost going to say, ‘Go and call your pastor, my friend; go and bring your bishop.”

“So, he told me what happens, how the money came, and how he has been helping people and all of that. I told him, ‘I didn’t call you here to explain to me. We’ve already done our work. I called you here to commend you,” he added.

The EFCC chairman urged him to continue to keep his hands clean, because the anti-graft agency, according to him, “will always come for you”.

“The only thing that is remaining now is to give you a letter of validation, but I’m not going to give you because I’ll still continue to monitor your finances.”