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EFCC arrests Pastor accused of defrauding members and NGOs about N1.3billion

Boom RadioNG | February 5, 2024
EFCC Arrests Apostle Theophilus Oloche Ebonyi for N1.3billion Fake Grants, Money Laundering

The Economic and Financial Crimes Commission (EFCC) has now announced the arrest of 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, and Thirty-One Kobo).

This was disclosed by te EFCC Spokesperson Dele Oyewale, in a statement today in Abuja said he would be charged to court as soon as investigations are concluded.

Apostle 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 Twenty Billion United State Dollars to assist the less-privileged in the society.

 

EFCC Arrests Apostle Theophilus Oloche Ebonyi for N1.3billion Fake Grants, Money Laundering

EFCC Arrests Apostle Theophilus Oloche Ebonyi for N1.3billion Fake Grants, Money Laundering
photo credit: EFCC

He allegedly deceived his victims to subscribe as beneficiaries of the phony grant by asking them to pay for registration forms and clusters and each person was made to pay 1.8 million naira.

Through this arrangement, Ebonyi allegedly raked in N1,391,040, 274.31 and his subscribers were 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 the apostle.

The Foundation pointedly disclaimed him and his NGO stressing that it had no link whatsoever with them.

Furthermore, the anti-graft agency also traced five properties he acquired as proceeds of his criminal dealings.

 

 

Dolupo Balogun

Written by Boom RadioNG

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