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Miracles Ministries, on Saturday admitted that his former
employee stole £150,000 of the church’s funds in the United
Kingdom.
According to Olukoya in a statement by his media aide, Mr
Collins Edomaruse, the unnamed employee paid the £150,000
Charity’s fund into his personal account and conspired with
external auditors to shield the income from discovery.
Pastor Daniel Olukoya, General Overseer of the Mountain of
Fire and Miracles Ministries (MFM).
“Fortunately, all the people that took money illegally are still
alive. The genesis of this allegation is that the lease of one of
our branches in London contained a clause which stipulated that
any party who broke the lease for any reason before its
expiration would pay a penalty of £150,000 to the other party. It
happened that the owner of the property broke the lease and
sold the property to a third party which necessitated the church
relocating from the building.
“The property owners honoured their obligation and paid the
penalty sum of £150,000 which the pastor of that branch
somehow found a way of paying into his personal account
without informing the headquarters and conspired with the
external auditors to shield that income from discovery. It was
much later that a member of that branch brought to the attention
of headquarters that such amount of money had been received
by the pastor.
“Headquarters immediately set up a panel to investigate the
incident and give fair hearing to the pastor concerned. He
attended the sitting of the panel and unequivocally admitted the
theft. The panel directed him to refund the money immediately.
Upon receipt of the report of the panel, the General Overseer
issued the pastor an ultimatum in writing to pay back the money
within 48 hours whereupon he promised to re-mortgage his
house in London to comply,” the statement reads.
But despite admitting to this incident, the MFM General Overseer
failed to react or comment on a £1m fraud committed by
another employee of the church in the UK as well.
The Charity Commission, an independent regulator of charities in
England and Wales, had in a statement seen by SaharaReporters
said it found two alleged incidents of fraud by former employees
of the church involving significant sums, both of which were not
reported until a number of years after the frauds were
discovered.
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It revealed that while a small percentage of the stolen funds had
been recovered, the charity continued to suffer a significant loss.
“The commission has been informed by the trustees that the
previous auditor of the charity and a former employee of the
charity made fraudulent gift aid claims and retained well in
excess of £1m of the funds received from HMRC. To date, the
trustees advise the commission that £104,266.66 has been
received from the former employee.
“The commission has been informed by the trustees that another
employee of the charity stole between £150,000 and £190,000
of the charity’s funds.
“Although the alleged theft was discovered by the trustees in
August 2015, the matter was not reported to the commission
until February 13, 2018.
“To date, the trustees advise the commission that between £6,000 and £8,000 has been recovered by the charity and it continues to suffer a significant financial loss,” the UK charity
regulator said..MFM was also blamed for breaching its governing document by.paying three of its trustees. The commission listed Dr Olukoya (chair), Florence Sankey O..A., Oluwafemi Emmanuel Oladipo, Bamidele Omotayo, Kehinde
Williams and Enock Sunday Olaniyan as MFM International.Trustees for the financial year ending December 31, 2018.mAlthough the charity commission did not say, who the three
trustees paid were, it clearly, however, said it had serious concerns about how the chairman of the trustee handled serious incidents.
For exposing these infractions, the MFM General Overseer had.

tthreatened to initiate fresh l is an outstanding,  news
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