Nigeria News

How bank proposed N1bn loan, repayment to come from crusades – Prophet Ogundipe

Popular prophet of the Celestial Church of Christ, Israel Ogundipe, has disclosed that a bank offered him a N1 billion loan to expand his ministry globally.

Ogundipe, founder of Genesis Global Ministry in Lagos, shared this information during an appearance on a show hosted by Nigerian On-Air Personality, Ifedayo Olarinde, known as Daddy Freeze, on Tuesday.

He revealed that the unnamed bank provided details of other churches that had taken similar loans, ranging from N3 billion to N4 billion.

“A bank contacted me two months ago, offering a N1 billion loan.

They suggested that I could repay it through my church’s activities, like revivals and crusades,” Ogundipe said.

“They showed me examples of churches that had taken loans of N3 billion to N4 billion, indicating that those churches sustain repayments through continuous events and activities.”

Ogundipe’s statement comes despite his 2020 conviction for defrauding a London-based architect, which included charges of stealing, unlawful conversion of property, forgery, and fraudulently collecting N14 million and £12,000 from the victim between 2002 and 2005.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Soaring rice prices threaten Christmas celebrations for Nigerian families

Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…

20 hours ago

Panic as Stage collapses during Odumodublvck’s performance at Lagos concert

Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…

20 hours ago

2025 Budget: FG allocates ₦6.36bn for renovation of Tinubu, Shettima’s official quarters

The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…

20 hours ago

Black Market Dollar to Naira Exchange Rate Today 22nd December 2024

The black market dollar to naira exchange rate for today, 22nd December 2024, can be…

20 hours ago

NNPC debunks shutdown rumors, confirms fuel loading at Port Harcourt Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…

20 hours ago

‘We have to find a way’ – Guardiola laments after defeat to Aston Villa

Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…

21 hours ago