February 25, 2024
General Overseer Arrested by EFCC Over Alleged N1.3bn Fake Grants, Money Laundering
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General Overseer Arrested by EFCC Over Alleged N1.3bn Fake Grants, Money Laundering

The Economic and Financial Crimes Commission (EFCC) has arrested a cleric, Apostle Theophilus Oloche Ebonyi, for allegedly defrauding church members and others using fake grants from the Ford Foundation to the tune of N1.3bn 

In a statement on Monday in Abuja, the EFCC spokesperson, Dele Oyewale, said the General Overseer of Faith On The Rock Ministry International allegedly defrauded his victims by advertising an intervention project through his NGO (Theobarth Global Foundation) claiming that the Ford Foundation was offering a grant of $20bn to assist the less-privileged in society.

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He allegedly asked his victims to pay for registration forms and clusters. Each subscriber was made to pay N1.8m

The EFCC also says 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.

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