The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the agency previously conducted a six-month investigation into Pastor Jerry Eze, founder of Streams of Joy International, over suspected money laundering.
He made the disclosure on Wednesday, April 29, during the Jerry Eze Foundation Business Grant Award event in Abuja.
According to Olukoyede, the probe was triggered by intelligence reports and petitions pointing to unusual inflows of foreign currencies into the cleric’s domiciliary account.
He explained that investigators became concerned after observing a consistent pattern of deposits originating from multiple countries.
He stated:
“We work by intelligence, we work by petitions. At some point, I saw there was an account, a domiciliary account. Dollars, pounds were dropping in like raindrops, from Colombia, from America, from Sri Lanka, even from Togo.”
The EFCC boss noted that the volume and global spread of the inflows raised suspicion, prompting the agency to open a formal investigation and review financial records before inviting the pastor for questioning.
Following the meeting, Pastor Eze provided explanations regarding the sources of the funds and their use, including charitable activities.
Olukoyede said,
“So he came to my office. He told me what happened and all of that, and how the money came, what he does, how he has been helping people, and all of that.”
He added, “I said, you know what, I didn’t call you here to explain to me. We have already done our work. I called you here to commend you.”
He concluded that the investigation found no evidence of wrongdoing and cleared the cleric.
Watch the video below:
“I investigated Pastor Jerry Eze for six months for alleged money launder!ng. There was an account where dollars and pounds were dropping like rain drops from Colombia, America, Sri Lanka, and even Togo. We investigated him but found nothing suspicious”
– Ola Olukoyede pic.twitter.com/dhHwlYAnhG
— Oyindamola🙄 (@dammiedammie35) April 29, 2026
