By Our Correspondent

The General Overseer of a Church is in trouble for engaging in shady business deals worth more than one billion naira.

Theophilus Ebonyi, General Overseer of Faith On The Rock Ministry International, is in custody of the Economic and Financial Crimes Commission. EFCC,  for allegedly defrauding church members and other Nigerians.

EFCC spokesperson, Dele Oyewale, in a statement on Monday in Abuja, said the pastor was arrested for using fake grants from the Ford Foundation to the tune of N1,319,040,274.31.

The statement:

“Ebonyi was arrested for defrauding his victims, comprising non-governmental organisations and individuals by advertising an intervention project through his NGO, Theobarth Global Foundation, claiming that the Ford Foundation was offering a grant of $20 billion to assist the less-privileged in the society.

“He beguiled his victims to subscribe as beneficiaries of the phoney grant by asking them to pay for registration forms and clusters.

“Each subscriber was made to pay N1,800,000

“Through this arrangement, Ebonyi allegedly raked in N1,391,040, 274.31.

“His subscribers are innocent and unsuspecting Nigerians and NGOs across the country.”

Oyewale said investigations by the EFCC showed that the Ford Foundation had no arrangement, grant, relationship, or business with the general overseer.

“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 will be charged to court as soon as investigations are concluded,” Oyewale’s statement concluded.

(NAN)