₦airaland Forum

EFCC Arrests Pastor for N1.3billion Fake Grants, Money Laundering

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested the General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, for defrauding church members and other Nigerians using fake grants from the Ford Foundation to the tune of N1,319,040,274.31( One Billion Three Hundred and Nineteen Million, Forty Thousand, Two Hundred and Seventy-Four Naira, Thirty-One Kobo).

Ebonyi was arrested for defrauding his victims, comprising Non-Governmental Organisations, NGOs and individuals by advertising an intervention project through his NGO (Theobarth Global Foundation) claiming that the Ford Foundation was offering a grant of $20,000,000.000 (Twenty Billion United State Dollars) to assist the less-privileged in the society.

He allegedly beguiled his victims to subscribe as beneficiaries of the phony grant by asking them to pay for registration forms and clusters. Each subscriber was made to pay N1,800,000 (One Million, Eight Hundred Thousand Naira only). Through this arrangement, Ebonyi allegedly raked in N1,391,040,274.31. His subscribers are innocent and unsuspecting Nigerians and NGOs across the country.

Investigations by the EFCC showed that the Ford Foundation had no arrangement, grant,  relationship or business with Ebonyi. The Foundation pointedly disclaimed him and his NGO stressing that it had no link whatsoever with them. The Commission has also traced five properties he acquired as proceeds of his criminal dealings.

Ebonyi is still reportedly reaching his subscribers on some social media platforms to market his spurious grant from Ford Foundation.

He would be charged to court as soon as investigations are concluded

https://twitter.com/officialEFCC/status/1754545330618597425?t=HIOc_jQpx-VqjVfWX3U2IA&s=19

That is good one

Congratulations to him

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author=Nakedwire635 post=89176861]What do they want in south west... Why are they hiding to enter Lagos. This is very suspicious. Our law enforcement agency should take proper actions.[/quote]What do you expect when the law enforcement agencies are corrupt

This is what is expected in a country that is govern by leaders without a foresight but only focus onntheir pockets. Only God will save Nigeria this time around. All the given to the country by EU and IMF have find it way into some people's pockets.

This is awesome. A very welcome development

What is the essence of an award when the country you're presiding over is experiencing a lot of unrest and insurgencies

Ajumobi never saw it coming, it was a big slap on him. Anyway, that is good for him.

This country is in a big mess.

this is nothing but nonsense!

Tinubu is building an empire round himself, but he will fail. Tinubu has already lost Lagos to PDP and Buhari will soon show him that his a Hausa man.

Hmmmmm.