EFCC Nabs Pastor for N1.3 Billion Fake Grants and Money Laundering Scam

In a shocking revelation, the Economic and Financial Crimes Commission (EFCC) has apprehended Apostle Theophilus Oloche Ebonyi, the General Overseer of Faith On The Rock Ministry International, for orchestrating a massive fraud scheme. Operating through his NGO, Theobarth Global Foundation, Ebonyi allegedly deceived unsuspecting victims, including NGOs and individuals, with the promise of a non-existent $20 million grant from the renowned Ford Foundation. The fraudster cunningly convinced his targets to register as beneficiaries by charging exorbitant fees, totaling a staggering N1,800,000 per subscriber. The EFCC’s investigation exposed the extent of this elaborate scam, uncovering a total sum of N1,319,040,274.31 fraudulently acquired by Ebonyi.

Ford Foundation Disowns Fraudulent Pastor

Further complicating the matter, the EFCC discovered that the Ford Foundation had absolutely no association with Ebonyi or his NGO. The foundation categorically disclaimed any connection, stating that there was no existing arrangement, grant, relationship, or business with the fraudulent pastor. The unsuspecting victims, comprised of innocent Nigerians and NGOs nationwide, fell prey to Ebonyi’s persuasive tactics, leading to the substantial accumulation of ill-gotten gains. The EFCC’s meticulous investigation has also traced five properties allegedly acquired by Ebonyi through the proceeds of his criminal activities, adding another layer to the intricate web of deception.

Ongoing Investigation by EFCC and Social Media Alert

While the EFCC is diligently working to conclude its investigation, disturbing reports reveal that Ebonyi is still actively promoting his deceitful scheme on various social media platforms. Despite the exposure of his fraudulent activities, the pastor seems undeterred, continuing to target unsuspecting individuals and NGOs. The authorities are on high alert, monitoring Ebonyi’s online presence to prevent further victimization. Once the investigation is complete, the EFCC intends to charge the pastor to court, seeking justice for the countless individuals and organizations who fell victim to this elaborate money laundering and fake grant scam.

EFCC Cracks Down on Greedy Scammers: Religious Donation Scam Unearthed gathered public praise

The EFCC’s successful operation has garnered praise from the public, with many commending the agency for its dedication to tackling financial crimes. However, some citizens are urging the commission to extend its efforts beyond individual scammers. Calls for the apprehension and conviction of rogue politicians are gaining traction, emphasizing the importance of holding those in power accountable for their actions.

The scam, cleverly disguised as a religious donation initiative, has sparked various reactions. Concerns have been raised about the potential exploitation of religious sentiments or ethnicity in the case. The public fervently hopes that justice will prevail, and the suspect will be convicted solely for the crimes committed, without allowing divisive factors to overshadow the legal process.

Amidst the unfolding events, a victim of the scam has come forward, sharing their harrowing experience. The victim recounts being duped into contributing money under the false pretense of a grant distribution. As of now, no funds have been disbursed, leaving the victims in a state of financial distress.

The plea for the suspect to be held accountable until restitution is made resonates with many others who may have fallen prey to similar scams. The public is encouraged by the EFCC’s diligence and hopes that justice will not only be served but will also include compensating the victims who have suffered financial losses.

The news report concludes with a pressing question raised by a concerned citizen regarding another potential financial fraud involving MBA Investment. The inquiry underscores the public’s growing awareness of financial scams and their desire for the EFCC to address a broader spectrum of fraudulent activities. As the investigations unfold, citizens eagerly await updates on how those involved in such scams will be held accountable, and whether restitution for victims is a possibility. The EFCC’s response to these concerns will undoubtedly shape public perception and confidence in the ongoing battle against financial crimes in Nigeria.