1.3 Billion Bogus Grant, Money Laundering Leads The EFCC To Arrest General Overseer

The pastor was detained on suspicion of misusing fictitious Ford Foundation money. Apostle Theophilus Ebonyi, the General Overseer of Faith On The Rock Ministry International, has been detained by the Economic and Financial Crimes Commission (EFCC) on charges of defrauding Nigerians, including church members.

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The pastor was detained, according to EFCC spokesperson Dele Oyewale, who revealed this in an announcement on Monday in Abuja. The preacher was accused of using fraudulent funding from the Ford Foundation totaling ₦1,319,040,274.31.

“Ebonyi was taken into custody after he advertised an intervention project through his non-governmental organization (Theobarth Global Foundation), misleading both individuals and NGOs.

“Announcing that a 20 billion dollar contribution from the Ford Foundation would help the underprivileged in society. He allegedly tricked his victims into becoming recipients of the fraudulent grant by requesting payment for clusters and registration forms.

Every subscriber was required to fork over ₦1.8 million. Ebonyi allegedly made ₦1,391,040, 274.31 (one billion three hundred and nineteen million, forty thousand, two hundred and seventy four naira, thirty one kobo) by this arrangement.

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

According to Oyewale, EFCC investigations revealed that the Ford Foundation had no agreement, grant, connection, or business with Ebonyi.

“The Foundation made it clear that it had no affiliation whatsoever with him or his NGO and vehemently denied any involvement. Five properties that he obtained as a result of his illicit activities have also been tracked down by the Commission.

According to reports, Ebonyi is still promoting his fictitious Ford Foundation grant to his followers on a few social media sites. As soon as the investigations are over, he would face charges in court,” he declared.