Thursday, 4 October 2012

The Five Richest Pastors In Nigeria









Matthew Ashimolowo
London-based Nigerian Pastor Matthew Ashimolowo
God is good, especially if you’re a Nigerian pastor with some business savvy. These days, millions of souls, desperate for financial breakthroughs, miracles and healing, all rush to the church for redemption. And while the bible expressly states that salvation is free, at times it comes with a cost: offerings, tithes, gifts to spiritual leaders, and a directive to buy literature and other products created by men of God.
Pastors are no longer solely interested in getting people to Heaven; they’ve devised intelligent ways to make good money while reaching out to souls.
Take Pastor Chris Oyakhilome, for example. He is the founder and lead pastor of the Christ Embassy, a thriving congregation with branches in Nigeria, South Africa, London, Canada and the United States. His publishing company, Loveworld Publications, publishes ‘Rhapsody of Realities,’ a monthly devotional he co-authors with his wife. It sells over 2 million copies every month at $1 apiece. He also owns television stations, newspapers, magazines, a hotel, a fast-food chain, and more.
Many other Nigerian pastors are similarly building multi-million dollar empires from their churches. Today, pastors fly around in private jets, drive fancy cars like Daimlers, Porsches and BMWs, don Rolexes and Patek Phillipes, and own breathtaking mansions all over the world.
After the blog post I wrote in May about Nigerian pastors owning private jets, I was bombarded with emails from readers requesting to know the richest pastors in Nigeria. So I set out to investigate the assets of some of Nigeria’s most prominent pastors, and I came up with conservative estimates of their fortunes. I contacted representatives for all of the pastors and all except Matthew Ashimolowo’s representative confirmed ownership of the assets I list. Representatives for Pastor Ashimolowo did not respond to my emails.
Bishop David Oyedepo
Affiliation: Living Faith World Outreach Ministry, aka Winners Chapel
Estimated net worth: $150 million
David Oyedepo is Nigeria’s wealthiest preacher. Ever since he founded the Living Faith World Outreach Ministry in 1981, it has grown to become one of Africa’s largest congregations. The Faith Tabernacle, where he hosts three services every Sunday, is Africa’s largest worship center, with a seating capacity of 50,000. Oyedepo owns four private jets and homes in London and the United States. He also owns Dominion Publishing House, a thriving publishing company that publishes all his books (which are often centered on prosperity). He founded and owns Covenant University, one of Nigeria’s leading tertiary institutions, and Faith Academy, an elite high school.

Chris Oyakhilome
Church: Believers’ Loveworld Ministries, a.k.a Christ Embassy

143 UNIBEN students arrested for forgery

 by James Azania 

Management of the University of Benin, on Wednesday said it had handed over to the police 143 of its students for certificate forgery.
The students, according to a statement by the institution’s Public Relations Officer, Harrison Osarenren, are students of the faculties of Social Sciences, Engineering, Management Sciences and Life Sciences.
Vice-Chancellor, of the institution, Prof. Osayuki Oshodin, said some of the students were arrested during the second semester examinations.
He said, “We arrested some persons who engaged in certificate racketeering and we are going to flush out any member of staff involved in these illegal activities.
“Some of the students involved in this fake admission, have been arrested and are with the police now. We cannot tolerate illegalities in this university and we appeal to parents to monitor their children to ensure that they are not involved in such a vice.”
He further raised the alarm over havoc wreaked by erosion in the university and appealed to the Federal Government to assist the institution.
According to the PRO, four houses in the staff quarters have been submerged, forcing the relocation of their occupants.
Punch

Enormous Iron Ore Deposit Found in Kogi, Worth Billions of Dollars



An enormous iron Ore has been found in Agbaja, Kogi State by an Energio Limited An Australian Company.
In a confirmatory statement, the company said it has discovered about 488 million tons, with an In-situ Iron grade of 42.7 per cent. The Ore will largely affect the Nigerian economy, especially everything that has to do with Iron, both usage and export.
Iron Ore currently trades on the international market for around $100.

According to the company, the Ore is about 13.9km2 and 9km2 represents about 15 percent of the potential areas as well as 9.2 per cent of the company’s 151km landholding for Iron, which is the first JORC Iron Ore discovered in the Country.

The Company however, named June 2013 as the date for update on the resources, a clinical geological survey will be done, and they believe the company would have known everything it needs to know about the entire resource potentials.

The current JORC resources approximation allows the admission of project development studies for the Iron Ore production project following feasibility studies.
Energio further complimented the discovery and location of the Ore, adding that the Ore is uniquely located, in a shallow flat channel, which will give room for the development and utilization of the abandoned rail lines there.
Dr. Ian Burston, the Chairman of Energio Limited in a statement noted that the discovery of the Ore is a wonderful result for the country, considering the fact that the company began drilling at the site only Last year November.
BusinessNews

Exposed: SARS discovers kidnappers’ den inside sitting room


Residents of AMAC Housing Estate, located in Angwansawa Village, a suburb of Abuja were recently shocked to their marrows following the discovery of kidnappers’ den right inside a sitting room by the Anti-Robbery Squad (SARS) unit of the command after a tip-off from the concerned residents.
It was gathered that men of the SARS invaded the kidnapers’ hideouts following the kidnapping of a nursing mother who was identified as Justina Uwakwe, by a four-man gang right in front of her residence.
Report says that the kidnappers blindfolded Uwakwe , tied her legs and sealed her mouth and zoomed off to their den through the jungle.
The victim was held hostage for six days by her captors who vowed not to let her go until the husband pays a ransom of N25million.
Further investigation revealed that some crème de crème of the society who were abducted in the Federal Capital were always kept in the tunnel (a pit dug inside the kidnappers’ sitting room and usually covered with a slab and carpet.)
According to the Deputy Commissioner of Police, State Criminal Investigation Department (SCID) FCT Abuja, Mr Usman Alkali, the command was informed by residents of the area about the dug pit at the Housing Estate where the kidnappers usually keep their victims. The police boss disclosed that following the tip-off, he ordered the Commander of SARS, Ibrahim Saidu, to lead the team to the village where they discovered the hideouts of the kidnappers and engaged them in gun battle. He added that two of the kidnappers escaped while nemesis eventually caught up the with two others.
His words, “We were able to discover four houses including the gang leader’s residence where they built an underground tunnel and covered it with slab and rug right inside their sitting room”.
Meanwhile, while narrating her story, Mrs Justina Uwakwe said “It was like a drama . I was driving my car into the compound when suddenly, I saw four men wearing masks around 7.30 pm. They told me to lie down and that I should co-operate with them. They jumped inside my car and took me away. They dragged me through the bush and told me that I should cooperate. They covered my face and tied my legs and I noticed that they took me inside one room and thrown me inside a tunnel (pit) and it with a slab and rug. “ I spent six days inside the pit and was being guarded by two men. I was fed with Indomie and pure wate,r at times once a day and at times, morning and night. They started demanding N25milion from my husband and telling him to pay the money on time. I told them that I am a mother of triplets. I started pleading with them. I prayed for them and they told me that I was very nice. They told me they didn’t collect money from my husband. On the seventh day, they took me to the bush and told me to find my way to the house,” she said.
Mr Roland Uwakwe, the victim’s husband said it was God that saved his wife from the claws of death, “ I received a call from the
They demanded N25million. I pleaded that I wanted to go round and look for the money as I raised N1.5m. I quickly went to report the incident at ACO- AMAC Estate Police Post which later transferred the case to Iddo police station before SARS took over the case,” he said.
“ Someone came to me and said that he knows one of the kidnappers . I took him to the officers at SARS and immediately they swung into action and arrested two of the kidnappers in their house.
“I was shocked . I saw the pit where they kept my wife for six days. She was released on the seventh day. In their confession, one of the suspects, Chibuzo Eze, said that they were four in number and that they built the pit in their room to serve as a cage for their victim.
He said: “It was through the kidnapping job that I built my house. We kidnapped the victim, Mrs Uwakwe and we covered her face and tied her legs and thrown her inside the pit and used a slab to cover it. She was there for six days before we released her on the seventh day,” he confessed.
Another suspect, Chibeze Ike, a native of Isu Local Government Area of Imo State confessed that: “We went into kidnapping when we didn’t have money. We told the victim to pray for us . She prayed for us and we didn’t succeed in collecting money from the husband. Our plan was that when we receive the money, we will give it to the leader of our gang who wanted to use it to travel to Ghana but we didn’t succeeded.” He added.
Still shocked and marveled over the discovery, the Angwansawa community leader Chief Thomas Kubari said he never knew such activities was going on the in the area: His words: “We couldn’t believe what we saw this morning. I know Chibuzo Eze very well. We didn’t know that they were into kidnapping and that they keep their victims in this community before they were exposed by the men of SARS. “They have been living in this house without paying rent for some time and I often saw the landlord running after them for rent. We thank SARS and we don’t want them to return to this community. We are peaceful people and we don’t want criminals in our midst,” Kubari aded.
Speaking on the incident, the officer-in-charge of SARS at the FCT Police Command, Ibrahim Saidu (SP), disclosed that when they got information, they immediately moved into action and urged the victim’s husband not to pay a dime as ramsom to the kidnappers. He stated, “We stormed their house and discovered a pit built inside their sitting room where they usually kept their victims. We learnt
Mrs. Uwakwe was there for six days before she was released on the seventh day.” Also, the landlord of the kidnappers territory, Mr Kanayo Obi, said he was shocked to learn that the men were using his house for dubious activities: “I only gave their sister my house, suddenly, they came around, and they refused to pay me one kobo since the beginning of 2012. They only paid me six months when they moved in, since then, they have refused to pay me again. I didn’t build an underground tunnel inside my house. They went and built the illegal pit and covered it and started keeping their victims there. He added.

DailyPost

Nigeria Now Kidnap for Ransom Capital of the World – AIO


According to statistics from the African Insurance Organization, Nigeria is now the kidnap for ransom capital of the world.
The AIO said Nigeria accounted for 25% of global kidnappings in the last one year.
The revelation was made in Balaclava, Mauritius, at the 18th African reinsurance Forum which was well attended by delegates from across Africa and other continents.
The report said, “The number of kidnaps for ransom in Africa continued to increase. In the first half of 2011, Africa’s proportion of the global total increased from 23 per cent in 2010 to 34 per cent. Nigeria is now the kidnap for ransom capital of the world, accounting for a quarter of globally reported cases.”
The organization said that the development had led to increased business for terrorism and kidnap insurance.
BusinessNews

Armed robbery suspect caught among new recruits in Nigeria Police College


The Nigeria Police College, Kaduna on Thursday said it found a robbery suspect among recruit constables undergoing training in the college.
The Commandant of the college, Alhaji Sanusi Rufai, told newsmen in Kaduna that the suspect was named by members of his gang after they were arrested by the police in Abuja.
The commandant said details of the suspect’s identity were forwarded to the college, which withdrew, arrested and transferred him to the appropriate police unit for investigation.
Rufai said the suspect was among 25 recruits the college disqualified for various inadequacies identified during training.
The commandant said some of the students were found to have presented forged school results and others had criminal records, “while some were withdrawn based on health grounds.
“Some of the recruits have sight or hearing challenges, while a few others did not attend the schools the certificates of which they presented.“
Rufai said the college would continue to screen “unfit persons” out to ensure that only those with good knowledge and character were allowed to train as policemen and women. More than 4,000 recruit constables are currently undergoing a 15-month basic training at the college.
 DailyPost

CBN Governor tired of countless National Assembly summons


Governor of Central Bank of Nigeria (CBN) Malam Sanusi Lamido Sanusi has said that the incessant summons on him to appear before different committees of the National Assembly were becoming too much to bear.
Speaking when he appeared before the House of Representatives Joint Committees on Finance, Legislative Budget and Research, National Planning and Aids, Loans and Debt Management over the 2013-2015 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP) yesterday in Abuja, Sanusi said that no previous CBN governor had been so frequently invited like him. He told his hosts that his itineraries were being obstructed.
“I don’t think there has been any CBN governor that has been brought here (the National Assembly) as much as me. I have even offered to be moved, or open my annex office here. Nobody asks me how my itineraries are before inviting me.”
The CBN governor was responding to observations made by a member of the panel, and chairman of the House Committee on Legislative Budget and Research, Rep. Opeyemi Bamidele (ACN, Ekiti) who wanted to know why it was always difficult for the CBN governor to honour their invitation without making an issue out of it, or refusing to come at the appropriate date and time.
Sanusi was to appear before the joint committee on Tuesday but some high ranking officers of the CBN went instead, only to be turned back by the legislators who insisted that the CBN governor makes a personal appearance. He told the committee yesterday that he was not aware of the invitation.
Lead chairman of the joint committees Rep Abdulmumin Jibrin (PDP, Kano), said the panel had to insist that Sanusi appears in person because the Central Bank plays a very important role in the overall economic decisions of government.
“You must come and explain things to help our understanding of the fundamentals of our economic decisions,” Rep Jibrin said.
“You don’t devalue the institution of the National Assembly because it will outlive all of us.”
Sanusi then stroke a joke, saying he envied Rep. Abdulmumin’s position as the chairman of the committee because it wields a lot of powers, and that when he retires as CBN governor, he may consider contesting election for the House of Representatives.
Just yesterday the Senate also summoned the CBN Governor alongside the minister of finance Dr Igozi Okonjo-Iweala and the Accountant General of the Federation for allegedly withholding funds meant for the Petroluem Technology Development Fund.
The apex bank’s boss also denied having any rift with the National Assembly as being insinuated in some quotas saying, “I don’t have problem with you.”
It would be recalled that in 2010 Sanusi raised the alarm when he delivered a lecture at the University of Benin in which he said National Assembly members get 25 percent of Federal Government’s overhead vote.
The submission appeared to have marked the beginning of a very frosty relationship between him and the national legislators who are currently working on a bill to whittle down powers of the CBN governor.
Last year, the House also summoned Sanusi over the controversial cashless policy and the introduction of the non-interest banking system. However, Sanusi insisted and went ahead with the policies.
Also, in February this year, the CBN boss refused to submit the apex bank’s annual budget estimate to the National Assembly for legislative scrutiny as provided for by law.
He rather wrote a letter to the House committee on Banking and Currency on 10th February 2012, informing it that the National Assembly had donated its appropriation powers to the CBN board in the CBN Act of 2007 and as such he does not require the approval of the legislature to pass his budget.
Infuriated by Sanusi’s comments, the legislators increased their momentum to curtail the powers of the CBN by initiating amendments to the CBN Act 2007 to insert clauses that will compel the apex bank to forward its annual budget to the parliament. The amendment bills have since passed second reading in both Senate and House of Representatives.
As if that was not enough, during the investigative hearing on the “near collapse” of the Nigerian capital market by an ad-hoc committee led by Rep. Ibrahim Tukur El-Sudi (PDP, Taraba), Sanusi again, refused to submit some documents requested by the panel arguing that the law does not compel him to do so.
Consequently, the committee recommended that he be charged to court for contempt of parliament. The report was adopted by the House in plenary on July 19th 2012. However, implementation lies squarely on the table of the President, who Sanusi work for.
Last month, the two chambers also banged their legislative hammer on the botched N5000 note and currency restructuring proposed by the CBN when they passed resolutions on September 18th asking President Jonathan to stop him from printing and issuing the new note. The president fainally acceded to the demand and suspended the plan.
 DailyPost