PASTOR ADEBOYE’S HAGGAI MFB IN N7BILLION FRAUD
The Pastor Enoch Adeboye-led Redeemed Christian Church of God-owned microfinance bank, Haggai MFB is allegedly involved in a fraud to the tune of N7billion. The debt was said to have been incurred over some construction works, which include the residential buildings in the church’s massive site situated along the Lagos-Ibadan expressway tagged; Redemption camp.
The fraud, sources maintained involved the Managing Director of Haggai MFB, Richard Olubameru, who also serves as a pastor in the church. Reliable sources revealed that the donations towards the construction of buildings and money realized from the sales of lands to members were divided into two and a part was carted away by the managing director.
Those who should know divulged that Richard was involved in the missing money that generated issue in the first quarter of the year 2010 in the bank, but this was later resolved by Pastor Adeboye. The money was said to be a donation from one Mr. Bayagbon Isreal for the construction of offices for pastors. The money is said to be about N120 million. It was revealed that the bank’s MD lied to the internal auditor of the bank, headed by Mr. Nicholas Ajakanu, that the donor had not fulfilled his pledge, whereas he had pocketed the money.
Impeccable sources that Nicholas, who is the head of audit department, was sacked by the MD last month when he reported the case to the Central Bank of Nigeria and Pastor Adeboye. The MD argued that the case should have been reported to Pastor Adeboye and not the apex bank.
Few weeks back, auditors from the CBN visited the bank and revealed that the bank had been defrauded to the tune of N7billion, and the bank was among the MFBs, which licenses were revoked.
Insiders who preferred anonymity, revealed that Pastor Adeboye has ordered the closure of the bank and summoned all the management staffers to an emergency meeting, but the managing director was conspicuously missing at the meeting. Olubameru’s whereabouts cannot be ascertained as at press time and he was said to have vacated his official residence to an unknown destination.