Posted by News Express | 25 May 2014 | 4,809 times
The crisis rocking the Assemblies of God Church Nigeria has taken another dimension as the Economic and Financial Crimes Commission (EFCC) has begun a probe into the financial transactions of the church following allegations of embezzlement and misappropriation of funds coming from the warring parties.
Top on the alleged scam is the purchase of N220 million property in Germany by the church through a loan obtained from a commercial bank.
Some key members of the church have been interrogated by operatives of the commission while others suspected to be involved in the alleged scam have gone into hiding.
The probe is sequel to a petition by a faction of the church led by the Assistant General Superintendent, Rev Chidi Okoroafor, alleging that the Executive Council of the church was neither privy to the property bought in Germany nor gave approved the purchase.
They alleged that the said property whose purchase was said to have been completed in 2011 was non-existent, adding that its embattled General Superintendent, Prof Paul Emeka, single-handedly handled the transaction.
But in a swift reaction, Emeka said his predecessor, Rev Charles Osueke, commenced the process of purchase of the property with an initial deposit of N20 million, adding that his administration continued with the transaction when it came on board four years ago.
He stated that the transaction was completed from a loan secured from the GT Bank, adding that the entire thing was based on the decision of the executive council of the church.
•Credit (except for amended headline): Sunday Vanguard.
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