British auditors query N2.1 billion incestuous transactions in Christ Embassy’s accounts

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Auditors appointed by the United Kingdom’s Charity Commission to review the accounts of the UK branch of the popular Christ Embassy, have raised eyebrows over suspicious payments worth N2.14 billion (£4.28 million) made to companies and organisation closely related to the church in 2013.

This came as Anita, the former wife of the founder of the mega-church, Chris Oyakhilome, dispelled rumours of a reconciliation with the televangelist.

UK authorities have previously raised concerns over controversial expenditures made by the church.

On 11 August 2014, the Charity Commission, which is the regulator of charities in England and Wales, side-lined the church’s board of trustees and appointed an interim manager, Rod Weston of the international audit and accounting firm, Mazars, to take over the management of the church.

The decision to suspend the church’s board of trustees follows the discovery of controversial payments worth N1.8 billion (£3.6 million) to overseas entities between 2008 and 2012.

At the time, the Charity Commission, issued a statement that it had opened a statutory inquiry to investigate Christ Embassy over “a number of serious concerns relating to the use of charitable funds, in particular large connected party payments and the potential misapplication of grant funding”.

The commission said it was not convinced that the church had been prudent in managing its finances.

Subsequently, the UK tax authority, HM Revenue and Customs, withheld N711.4 million (£2.7 million) due to the church in donation between 2008 and 2012 until the conclusion is resolved.

Auditors appointed by the United Kingdom’s Charity Commission to review the accounts of the UK branch of the popular Christ Embassy, have raised eyebrows over suspicious payments worth N2.14 billion (£4.28 million) made to companies and organisation closely related to the church in 2013.

This came as Anita, the former wife of the founder of the mega-church, Chris Oyakhilome, dispelled rumours of a reconciliation with the televangelist.

UK authorities have previously raised concerns over controversial expenditures made by the church.

On 11 August 2014, the Charity Commission, which is the regulator of charities in England and Wales, side-lined the church’s board of trustees and appointed an interim manager, Rod Weston of the international audit and accounting firm, Mazars, to take over the management of the church.

The decision to suspend the church’s board of trustees follows the discovery of controversial payments worth N1.8 billion (£3.6 million) to overseas entities between 2008 and 2012.

At the time, the Charity Commission, issued a statement that it had opened a statutory inquiry to investigate Christ Embassy over “a number of serious concerns relating to the use of charitable funds, in particular large connected party payments and the potential misapplication of grant funding”.

The commission said it was not convinced that the church had been prudent in managing its finances.

Subsequently, the UK tax authority, HM Revenue and Customs, withheld N711.4 million (£2.7 million) due to the church in donation between 2008 and 2012 until the conclusion is resolved

A statement she posted on her website on Thursday, explained that her decision to dissolve her marriage with the televangelist, was final and remained unchanged.

She said she was no longer a part of the church. According to the company’s financial statement, Anita, who now uses her maiden name, Ebhodaghe, resigned as a trustee of the UK branch of the church on 2 June 2015.

“It has been brought to my attention that there are persistent rumours and misinformation about my marital status being circulated and I would like to address the certain reconciliation rumours with this statement,” she said.

“Further to the formal notification of the dissolution of marriage made by my Solicitors earlier this year, please note that this has not changed; and I am no longer a part of Christ Embassy aka Believer’s Loveworld or any such organisation in any capacity.

“I am reiterating this to ensure that no one is misled by the false rumors or unfounded statements that show up and are spread from time to time on the Internet.

“Any additional statement concerning me will be issued by my Solicitors, who are my legal representatives so please do not be deceived.”

Culled from: http://www.premiumtimesng.com/news/headlines/204204-british-auditors-query-n2-1-billion-incestuous-transactions-christ-embassys-accounts.html

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