UK commission uncovers huge fraud in Christ Embassy
Posted by News Express | 25 December 2019 | 1,430 times
•Christ Embassy Founder, Dr. Oyakhilome
The Christ Embassy and
its Board of Trustees have been indicted for financial misconduct by the United
Kingdom Charity Commission after a five-year-long investigation into the church
finances.
The church’s Founder,
Dr. Chris Oyakhilome, presided over the charity’s board of trustees since
inception until he was forced to resign in 2014.
The British Government
had in 2013 set up an inquiry into the possible financial misplacement of the
church’s fund between 2008 and 2012.
In a report published on
its Website, the commission said its inquiry concluded that there was serious
misconduct and mismanagement in the church’s administration, inadequate recording
of its decision-making processes and failure to comply with its grant-making
policy.
The commission said it
opened an inquiry into the church to investigate transactions between the
church and “partner organisations,” administration; governance and management
of the charity; financial controls and management of the charity and if the
trustees had complied with their responsibilities under the charity law.
It said the Christ
Embassy had between 2009 and 2011, paid substantial grants to organisations
classified as “partner organisation.”
The commission said:
“The church’s account showed that grants totalling £1,281,666 were paid to
Loveworld Television Ministry; £118,995 to Healing School, £186,616 to
International School of Ministry, £10,000 to Christ Embassy Canada, £10,566 to
Christ Embassy France, £37,216 to IPPC Conference and £77,266 to Rhapsody of
Realities.
“However, after
examining the church’s records, the interim manager (IM) found no evidence of
compliance with the church’s grant-making policy in the documents examined.
“Documents examined
showed a lack of records and receipts to account for grants made and there
appeared to be little consideration given to whether the receiving parties had
expended grants appropriately and for intended purposes, as was required by the
policy.
“This demonstrates a
failure to comply with its grant-making policy and inadequate recording of
decision making by the trustees which is misconduct and/or mismanagement in the
administration of the charity.” (Vanguard)
Source: News Express
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