ABUJA, Nigeria: The Chairman of Nigeria’s Economic and Financial Crimes Commission, Ola Olukoyede, announced on Wednesday, April 29, 2026, that the agency cleared Streams of Joy International founder Jerry Eze of suspected money laundering following a six-month investigation.
Okay News reports that Olukoyede confirmed the probe was triggered by intelligence reports regarding large inflows of foreign currencies into a domiciliary account.
Speaking at the Jerry Eze Foundation Business Grant Award Ceremony, the chairman said the investigation started after the agency observed funds entering the accounts from multiple international locations. “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,” Olukoyede said.
The commission compiled preliminary findings by reviewing the financial records of the religious organisation. “I said who is this man? Yes, I’ve been hearing about his name, I’ve seen his face a couple of times. I never bothered about what he was doing. I knew he was a pastor,” Olukoyede said. “So they said this one pastor of streams of joy, go and investigate him. So we went to the investigation. We combed the books,” he said.
Olukoyede invited Eze to his office for questioning after completing the financial review and concluded the investigation by finding no wrongdoing. “So he came to my office. He told me what happens and all of that, and how the money came, what he does, how he has been helping people, and all of that,” Olukoyede said. “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 said.
The chairman stated that several clerics have been investigated and convicted by the commission for involvement in fraudulent practices.
