According to report by Nigerian Tribune on Wednesday, April 29, 2026, the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed the reason behind a six-month investigation involving Pastor Jerry Eze, founder of Streams of Joy International.
Speaking at the Jerry Eze Business Grant Award event, Olukoyede explained that the cleric was placed under scrutiny after the commission received intelligence reports and formal petitions suggesting unusual financial activities linked to him.
According to him, investigators noticed significant inflows into a domiciliary account associated with the pastor.
The account reportedly received foreign currency deposits from various countries, including Colombia, the United States, Sri Lanka, and Togo.
This pattern of transactions raised initial suspicions within the EFCC, prompting concerns about possible money laundering.
Olukoyede stated that the commission assigned investigators to conduct a thorough review of the financial records and activities connected to the account.
Based on the early findings, the case was initially handled as a potential financial crime matter due to the scale and nature of the inflows.
After the internal investigation progressed, a report was submitted to him, after which he requested a personal meeting with the cleric.
He recounted that when Pastor Jerry Eze arrived at his office, he did not immediately recognize him due to his casual appearance. However, after confirming his identity, the EFCC boss engaged him directly on the findings.
During the meeting, Eze reportedly explained the sources of the funds and how they were received and used in his ministry and philanthropic activities, including efforts to support people.
Olukoyede said that after reviewing the explanations alongside the commission’s findings, the EFCC concluded that there was no evidence of wrongdoing or criminal activity.
Rather than proceeding with prosecution, the agency commended the cleric for his transparency and integrity.
He added that while the EFCC is known for fighting corruption and financial crimes, it also has a preventive mandate that includes identifying individuals with credible financial practices.
Olukoyede emphasized that promoting such individuals helps encourage accountability and strengthens public trust, while noting that monitoring financial activities remains part of the commission’s ongoing responsibilities….See More
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