N1.3bn Fraud: Pastor Ebonyi Accused of Acquiring Hotel, Factory with Subscribers’ Funds (Photos)

New Details Emerge Regarding Alleged Criminal Activities of General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, Recently Arrested by EFCC...CONTINUE READING>>>

According to a statement from the EFCC issued by Dele Oyewale, Head, Media & Publicity, investigations showed that Ebonyi acquired a 23-room hotel, a pure water factory, two blocks of a Primary School and two bungalow office at Nyanya-Gwandara, New Karu, Abuja and a five-bedroom duplex at Karsana, Abuja with the proceeds of his fraudulent dealings with his subscribers.

An event centre acquired by Ebonyi

According to the EFCC, he also set up a live broadcast channel with studio equipment for his Theobarth Global Foundation with the funds of his subscribers.

Specifically, he 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 to assist the less-privileged in the society.

A bungalow acquired by Ebonyi

He allegedly hoodwinked 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. 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 Ford Foundation had no arrangement, grant, relationship or business with Ebonyi.

Alleged Proceeds of Crimes

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.