The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged the Oyo State Government to enact legislation providing for the registration, monitoring and supervision of non-profit organisations (NPOs) to prevent their exploitation for terrorism financing….
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged the Oyo State Government to enact legislation providing for the registration, monitoring and supervision of non-profit organisations (NPOs) to prevent their exploitation for terrorism financing.
Olukoyede said the proposed law would ensure that regulatory requirements are followed and effective monitoring mechanisms put in place to prevent NPOs from being used as conduits for financing terrorist activities in Oyo State and Nigeria.
He made the call through the Lagos Zonal Coordinator of the EFCC’s Special Control Unit Against Money Laundering (SCUML) and Team Lead of the 2026 National Terrorism Financing Risk Assessment delegation for the NPO sector in the Southwest, Assistant Commander of the EFCC, Ibinabo Amachree.
The charge was delivered during a three-day terrorism financing risk assessment exercise which began on September 1, 2026, in Ibadan.
The exercise involved data collection and engagements with Oyo State ministries, departments and agencies, security agencies and non-governmental organisations.
Olukoyede said the assessment was necessary to identify threats and vulnerabilities within the NPO sector and prevent the diversion of humanitarian aid and donations to terrorist groups.
He noted that recent kidnapping incidents across the Southwest had heightened the need to strengthen measures against emerging security threats.
The EFCC chairman commended the Oyo State Government, the Department of State Services (DSS) and the Nigerian Army’s 2 Division for their support for the exercise.
He also urged NPOs to continue supporting government efforts in providing humanitarian assistance, healthcare services and other essential social interventions, while protecting their resources from diversion to terrorism financing.
Representing Oyo State Acting Governor Bayo Lawal, Secretary to the State Government Musibau Babatunde assured the EFCC of the state’s continued cooperation with the assessment.
Babatunde said terrorist elements were increasingly exploiting crowdfunding, humanitarian interventions and informal financial channels to raise and move funds.
He added that the administration of Governor Seyi Makinde would take necessary steps to ensure NPOs were not exploited for terrorism financing in the state.
The Oyo State DSS Director, Usman Biu, said the command would continue to work with the Ministry of Women Affairs, which is responsible for engaging NPOs in the state.
Biu said lists of registered NGOs forwarded to the command were profiled, vetted and cleared before they commenced operations.
The General Officer Commanding, 2 Division Nigerian Army, Major General Auwalu Mahnuda, represented by Chief of Staff Brigadier General M.I. Falana, said the military would continue to share timely intelligence to expose terrorism financing activities.
At the conclusion of the exercise on September 3, NPOs from Oyo, Lagos and Osun states were sensitised on compliance with existing regulations and the need to maintain public trust in legitimate charitable activities.
The 2026 National Terrorism Financing Risk Assessment team comprised representatives of the EFCC, international and local NGOs, as well as state and federal ministries, departments and agencies.
