LunagisthubEFCC Arrests Archbishop Angel Oyeghe for Alleged Naira Abuse
The Economic and Financial Crimes Commission (EFCC) has arrested Archbishop Angel Oyeghe, founder of Faith Healing Ministry in Warri, Delta State, for alleged naira abuse, conspiracy, and suspected money laundering
The arrest followed a viral video showing individuals under Oyeghe’s supervision spraying naira notes on a live cow during a church program. The EFCC deemed this act a violation of Section 21 of the Central Bank of Nigeria Act, 2007, which prohibits the mutilation and abuse of the national currency
The EFCC has stated that Oyeghe has made “useful statements” during the investigation and will be charged to court once the inquiry is complete. The commission is also working to apprehend other suspects involved in the incident .
This arrest is part of the EFCC’s broader campaign against naira abuse, which has gained significant public attention in recent months. The commission has prosecuted multiple individuals for spraying, mutilating, or illegally trading the national currency .
Similar cases of naira abuse have made headlines in the past, including the arrests of socialite Cubana Chief Priest in April 2024 and cross-dresser Bobrisky earlier that year .
1. What are the potential consequences for Archbishop Angel Oyeghe if found guilty of naira abuse and money laundering?
2. How effective has the EFCC’s campaign against naira abuse been in curbing the practice in Nigeria?
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