Sunday, September 13, 2026
  • Advertise with us
StatePost
  • Home
  • News
    • National
    • Metro
    • Crime
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
No Result
View All Result
  • Home
  • News
    • National
    • Metro
    • Crime
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
No Result
View All Result
StatePost
No Result
View All Result
Home Religion

S-C-A-N-D-A-L!!! Mountain Of Fire Pastor Olukoya Named In Church Fund ‘Theft’

Admin by Admin
August 21, 2020
in Religion
Reading Time: 4 mins read
0
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Hajj 2027: NIS promises early issuance of passports

2027 HAJJ: NDLEA to deepen partnership with Ogun Pilgrims Board

Vatican finally accepts India’s first Eucharistic Miracle

The United Kingdom Charity Commission has revealed why an interim manager was appointed for the Mountain of Fire and Miracles Ministries International in August 2019.
The commission had in March 2018 opened a statutory inquiry into a number of concerns at the church, which included the repeated late filing of financial information and a failure in the administration resulting in opportunities for significant losses to the charity.
The commission in a statement seen by SaharaReporters said the interim manager assumes these duties at the exclusion of the charity’s trustees, stating that the trustees retain control over matters relating to religious activities.
The UK charity regulator claimed it had serious concerns over MFM Chair of Trustees, Dr Daniel Olukoya, and his personal handling of serious incidents.
It accused Olukoya of illegally meeting a former employee of the charity alleged to have stolen between £150,000 and £190,000 of the Charity’s funds in Nigeria, then entered into an agreement with the individual without any consultation with other trustees.
“The commission has been informed by the trustees that the previous auditor of the charity and a former employee of the charity made fraudulent gift aid claims and retained well in excess of one million pounds of the funds received from HMRC. To date, the trustees advise the commission that £104,266.66 has been received from the former employee.
“The commission has been informed by the trustees that another employee of the charity stole between £150,000 and £190,000 of the charity’s funds. Although the alleged theft was discovered by the trustees in August 2015, the matter was not reported to the commission until 13 February 2018. To date, the trustees advise the commission that between £6,000 and £8,000 has been recovered by the charity and it continues to have suffered a significant financial loss.
“The position of Dr Olukoya raises serious concerns about the extent in which the other trustees of the charity are able to act independently in the best interests of the charity. As referred to a point 13 above, the commission has evidence that Dr Olukoya arranged to meet a former employee of the charity in Nigeria. That former employee is alleged to have stolen £150,000 to £190,000 of charity’s fund. Dr Olukoya then entered into an agreement with this individual (Without any consultation with the former trustees) that the stolen money would be repaid in instalments.
“To date, only £6000 to £8000 has been repaid despite the misappropriation having taken place in 2015. Dr Olukoya’s approach in this case and the extent to which he fetters the discretion of the other trustees casts doubt on the trustees capacity to seek restitution of substantial funds lost to the charity. Dr Olukoya’s behaviour in dealing with serious incidents on his own and without informing the commission means that the commission does not have confidence in his dual role of General Overseer and Chair of trustees,” part of the document read.
The UK charity regulator also questioned the governance of MFM, explaining that three trustees were being paid in breach of the charity’s governing document, and causes conflict when employment matters are discussed.
“The trustees have not demonstrated a willingness to comply with their statutory duty under s132 (1) of the Charities Act 2011 to submit accurate accounts by the due date or with their duty to co-operate with the inquiry. For example, at a meeting with the charity trustees on 22 August 2018, the trustees assured the commission that the accounts for the financial year ending 21 December 2017 (due 31 October 2018) would be submitted by the due date. Despite being issued with a number of reminders and providing further assurances to the commission, the accounts for 2017 were not submitted by the due date.
“An extension, until 31 December 2018, was granted to the trustees. The trustees again provided assurances that the 31 December 2018 deadline would be met and again failed to meet the deadline. The charity accountant indicated in January 2019 that the account would be submitted by mid-February 2019. Yet again, ‘this deadline was missed. The accounts for 2017 were received on 31 March 2019, 151 days late.
“These facts show a persistent pattern of non-compliance with legal obligations and suggest that the commission cannot rely on the accuracy of the accounts submitted to date. These failures can be considered to amount to mismatch or misconduct.
“The charity’s governing document gives the General Overseer and Chair of the Trustees, Dr Daniel K Olukoya, power to remove and appoint trustees. In 2018, three trustees resigned and he has exercised this power by appointing five trustees. However, three of these new trustees are remunerated and are employees of the charity. The commission understands that Dr. Olukoya has used his power of appointment to appoint remunerated trustees in breach of the provisions of the governing document.”
Previous Post

Menstruation: FG, stakeholders to remove all societal superstitions

Next Post

Monthly Allocations To FG, States, LGs Released – SEE FULL ALLOCATIONS!

Admin

Admin

Related Posts

Hajj 2027: NIS promises early issuance of passports
Religion

Hajj 2027: NIS promises early issuance of passports

by Admin
August 19, 2026
2027 HAJJ: NDLEA to deepen partnership with Ogun Pilgrims Board
Religion

2027 HAJJ: NDLEA to deepen partnership with Ogun Pilgrims Board

by Admin
August 19, 2026
Vatican finally accepts India’s first Eucharistic Miracle
Religion

Vatican finally accepts India’s first Eucharistic Miracle

by Admin
July 20, 2026
The Height Of 419
Religion

The Height Of 419

by Admin
July 4, 2026
King Charles lll Of Britain Gets New Roles  …now Supreme Defender Of Christian Faith and Pastoral Leader of the British Army
Foreign News

King Charles lll Of Britain Gets New Roles …now Supreme Defender Of Christian Faith and Pastoral Leader of the British Army

by Admin
June 30, 2026
Next Post

Monthly Allocations To FG, States, LGs Released – SEE FULL ALLOCATIONS!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Black Stars Of Ghana Beats Korea, 3-2

November 28, 2022

Eradicate Substance Abuse Through Collective Efforts, Mrs Abiodun Charges SDCC

August 21, 2025

Categories

  • .News m k . .. . . .. . .. . . …
  • Aviation
  • Banking
  • Banking & Finance
  • Birthdays
  • Blue Marine
  • Breaking News
  • Business
  • Commerce
  • Commerce & Industry
  • Court
  • COVID-19
  • Crime
  • Crime & Courts
  • Culture & Hospitality
  • Economy
  • Education
  • Energy & Power
  • Entertainment
  • Environment
  • Exclusive
  • Food
  • Foreign
  • Foreign News
  • Health
  • Hi-Tech
  • Hilarious
  • Housing
  • Industry
  • Insecurity
  • Labor
  • Labour
  • Legislature
  • Living
  • Metro
  • National
  • News
  • Opinion
  • PHOTO NEWS
  • Police
  • Police & Crime
  • Politics
  • Record
  • Records
  • Religion
  • SCIENCE & SPACE
  • Security
  • Sport
  • Sports
  • Taxation
  • Technology
  • Tourism
  • Transpor
  • Transport
  • Transportation
  • Uncategorized
  • Wellness

Don't miss it

Rising Price of fuel may not come down soon
Opinion

PETROL PRICE: HOW LONG CAN NIGERIANS KEEP ABSORBING THE SHOCK?

September 13, 2026
More Troubles For Prince Harry! Uganda pulls out of Invictus Games  …slams ‘Harry-Meghan nonsense’
Uncategorized

More Troubles For Prince Harry! Uganda pulls out of Invictus Games …slams ‘Harry-Meghan nonsense’

September 13, 2026
What killed Richard Branson’s spouse? Inquest reveals
Foreign News

What killed Richard Branson’s spouse? Inquest reveals

September 13, 2026
Chinese coy to mass produce Humanlike robot …its makers say it could soon be helping you out at home
Living

Chinese coy to mass produce Humanlike robot …its makers say it could soon be helping you out at home

September 13, 2026
Will Anthony Joshua vs Tyson Fury Bout ever happen?
Sports

Will Anthony Joshua vs Tyson Fury Bout ever happen?

September 13, 2026
Russia, UK blow trumpet of war
Foreign News

Russia, UK blow trumpet of war

September 13, 2026
StatePost

Statepost is an independent digital newspaper focused on fearless journalism in Africa. We prioritize accuracy and fairness, covering key stories, exposing corruption, and amplifying marginalized voices to inform and inspire action.

Categories

  • .News m k . .. . . .. . .. . . …
  • Aviation
  • Banking
  • Banking & Finance
  • Birthdays
  • Blue Marine
  • Breaking News
  • Business
  • Commerce
  • Commerce & Industry
  • Court
  • COVID-19
  • Crime
  • Crime & Courts
  • Culture & Hospitality
  • Economy
  • Education
  • Energy & Power
  • Entertainment
  • Environment
  • Exclusive
  • Food
  • Foreign
  • Foreign News
  • Health
  • Hi-Tech
  • Hilarious
  • Housing
  • Industry
  • Insecurity
  • Labor
  • Labour
  • Legislature
  • Living
  • Metro
  • National
  • News
  • Opinion
  • PHOTO NEWS
  • Police
  • Police & Crime
  • Politics
  • Record
  • Records
  • Religion
  • SCIENCE & SPACE
  • Security
  • Sport
  • Sports
  • Taxation
  • Technology
  • Tourism
  • Transpor
  • Transport
  • Transportation
  • Uncategorized
  • Wellness

Browse by Tag

Alake of Egbaland Alhaji Abubakar Atiku Andy Burnham Anthony Joshua APC Arabambi Arigbabu ATBOWATON Bashir Kurfi Catholic Catholic Church Eagle fm Ilese Federal Government. FUNAAB Gov. Abiodun Gov. Sanwo-Olu Human Trafficking Ijebu Ode Insecurity King Charles Kuje Prison Lagos State LAWMA NDLEA NIIA NIWA Ogogo Ogun Council of Oba Ogun Police Command Ogun State Ogun State Police Command Osun State PFIPC President Bola Ahmed Tinubu President Donald Trump President Tinubu Promvic Pharmacy Olomore Sanwo-Olu Senator Oluremi Tinubu State Police Trump UK US US/Iran War Waste Management

Recent News

Rising Price of fuel may not come down soon

PETROL PRICE: HOW LONG CAN NIGERIANS KEEP ABSORBING THE SHOCK?

September 13, 2026
More Troubles For Prince Harry! Uganda pulls out of Invictus Games  …slams ‘Harry-Meghan nonsense’

More Troubles For Prince Harry! Uganda pulls out of Invictus Games …slams ‘Harry-Meghan nonsense’

September 13, 2026

© 2026 Statepost | Powered by FematTech.

No Result
View All Result
  • Home
  • News
    • National
    • Metro
    • Crime
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports

© 2026 Statepost | Powered by FematTech.