EFCC arrests GO of Faith On The Rock church Pastor Oloche for defrauding members of N1.3bn via fake grants & money laundering

The General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, has been apprehended by the Economic and Financial Crimes Commission (EFCC).

The arrest comes in connection with allegations of defrauding church members and other individuals across Nigeria, amounting to a total sum of N1,319,040,274.31. The fraudulent activities involved the use of counterfeit grants purportedly from the Ford Foundation.

EFCC spokesperson, Dele Oyewale, in a statement on Monday, February 5, 2024, said Ebonyi was arrested for defrauding his victims, comprising Non-Governmental Organisations, NGOs and individuals by advertising an intervention project through his NGO (Theobarth Global Foundation) claiming that the Ford Foundation was offering a grant of $20,000, 000 (Twenty Billion United State Dollars) to assist the less-privileged in the society.

He allegedly beguiled his victims to subscribe as beneficiaries of the phoney grant by asking them to pay for registration forms and clusters. Each subscriber was made to pay N1,800,000 (One Million, Eight Hundred Thousand Naira) only.

Through this arrangement, Ebonyi allegedly raked in N1,391,040,274.31. His subscribers are innocent and unsuspecting Nigerians and NGOs across the country.

Investigations by the EFCC showed that the Ford Foundation had no arrangement, grant, relationship or business with Ebonyi.

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.

Ebonyi is still reportedly reaching his subscribers on some social media platforms to market his spurious grant from the Ford Foundation.

He would be charged to court as soon as investigations are concluded.