EFCC’s Olukoyede Urges Oyo to Enact Tough NPO Law Against Terrorism Financing Risks
Ibadan, Nigeria – September 9, 2026—In a decisive push to seal potential loopholes in Nigeria’s fight against terrorism financing, Economic and Financial Crimes Commission (EFCC) Chairman Ola Olukoyede has charged the Oyo State Government to enact a dedicated registration and monitoring law for Non-Profit Organizations (NPOs).
The call was delivered on his behalf by Assistant Commander of EFCC ACE 1 Ibinabo Amachree, Lagos Zonal Coordinator of the Special Control Unit Against Money Laundering (SCUML), and team lead of the 2026 National Terrorism Financing Risk Assessment for the NPO sector in the South-West.
It came at the close of a three-day risk assessment exercise that began on Tuesday, September 1, 2026, in Ibadan.
Olukoyede stressed that a clear legal framework would enforce stringent registration, continuous supervision, and proper monitoring of NPOs.
This, he said, would stop the sector from being turned into a “conduit pipe” for terrorism financing in Oyo State and across Nigeria.
He linked the urgency to recent kidnapping incidents in the South-West, warning that humanitarian aid and donations must not be diverted to fund terror networks.
The exercise brought together Oyo State ministries, departments and agencies, security outfits and non-governmental organisations.
Participants examined threats, vulnerabilities, and unintended consequences within the NPO sector while exploring ways to keep legitimate charitable work resilient against terrorist infiltration.
NPOs from Lagos, Osun and Oyo states were sensitized on compliance with existing policies and the need to protect public trust in genuine humanitarian efforts.
Olukoyede commended the Oyo State Government, the Director of the Department of State Services (DSS) Oyo State Command, Usman Biu, and the representative of the General Officer Commanding 2 Division Nigerian Army, Brigadier General M.I. Falana, for their support.
He urged NPOs to keep complementing government efforts in providing essential social services, healthcare and support for vulnerable populations, while adopting safeguards that shield their resources from abuse.
In response, Oyo State Acting Governor Barrister Bayo Lawal, represented by Secretary to the State Government Professor Musibau Babatunde, pledged continuous collaboration with the EFCC and other agencies.
He noted that terrorist elements are increasingly exploiting crowdfunding platforms, humanitarian interventions, and informal financial channels.
Under Governor Seyi Makinde’s administration, the state would take necessary steps to ensure NPOs are not misused for terrorism financing.
DSS Director Usman Biu reaffirmed that his command profiles, vets, and clears every list of registered NGOs forwarded by the Oyo State Ministry of Women Affairs before they begin operations.
The Army’s representative, Brigadier General M.I. Falana, praised the EFCC for recognizing that combating terrorism financing requires collective effort and promised continued timely information sharing.
The 2026 national risk assessment team drew participants from the EFCC, international and local NGOs, and both state and federal MDAs.
Officials described the exercise as proof of the Federal Government’s commitment to risk-based supervision and Nigeria’s determination to stay aligned with international standards in the global fight against terrorist financing.
As security challenges evolve and criminal networks grow more sophisticated, the EFCC’s message is clear: protecting the integrity of the non-profit sector is no longer optional.
It is a national security imperative. Stakeholders now await concrete legislative action from the Oyo State Government to turn these recommendations into enforceable law.
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