Perez-Sphar told THISDAY that the case relates to the management of money and funds raised in UK churches. “The case relates very much to how those charities are being managed and it involves transfer of funds,” she added. It is believed that Oyedepo’s Winners Chapel in UK raised about £16 million between 2008 and 2012. Part of the money was said to have been transferred to the Nigerian church’s headquarters where Oyedepo is permanently based. Investigation into the church financial activities shows that the World Mission Agency has approximately £8.6 million in assets and capital. Most of the funds from the UK church have been channeled to Nigeria under the supervision of the Bishop, insider sources revealed. It was also established that between 2009 and 2012, a large chunk of the funds were transferred in questionable circumstances to the Nigerian church authorities. A run through the transfer deals shows that in 2011, about £663,532 meant “for onward transmission to the world headquarters in Nigeria" was carried out. The sum of £324,683 and £149,000 were transferred between 2010 and 2009, while another £192,000 was also traced to the Nigeria headquarters within the same period. thisdaylive/articles/uk-probes-winners-chapel-over-alleged-diversion-of-charity-funds/156497/
Posted on: Sat, 17 Aug 2013 07:36:28 +0000
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