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Shocker: Chris Oyakhilome’s Christ Embassy Church Is Broke

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Oyakhilome

Pastor Chris Oyakhilome’s Christ Embassy Church (UK) is presently broke. According to Charity Commission, the agency that regulates charity organizations in the country, the church is in debt and has now been declared insolvent.

Trouble started for the church following a series of crises which plagued it in 2013.

 

In 2014, Pastor Chris Oyakhilome lost a fierce power tussle over the church in the UK with his ex-wife, Anita Oyakhilome, now known as

Anita Ebhodaghe Schafer

. Ms. Anita was the head of the UK branch of the church while Mr. Oyakilome presided over the charity’s board of trustee since inception, but he was forced to resign in 2014.

 

After he was kicked out of the church’s board of trustee, the couple divorced five months later. In 2013, the UK government set up an inquiry into possible financial misplacement of the church’s fund between 2008 and 2012. Government-appointed auditors later raised eyebrows over suspicious payments worth N2.14 billion (£4.28 million) made to companies and organization closely related to the church in 2013.

Chris Oyakhilome

Chris and Anita when the going was good

Christ Embassy Church UK was flagged on the Charity Commission website as “charity insolvent”. According to the commission, a charity is considered as being insolvent when it is “unable to pay its debts.”

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Report says the ministry’s annual return for the years 2013 to 2014 indicated that a total of N7.6 billion (£15.1million) was paid to the interim manager. The church still has an outstanding fee of N1.1 billion (£2215,914) to pay the interim manager in 2015.

The Commission explained: “In practice there are two separate tests for insolvency and failure of either might be an indication of insolvency: The charity cannot pay its debts as they fall due for payment; the value of its liabilities exceeds its assets.

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“Charities will be flagged as insolvent on our register when we are made aware of an insolvency situation and we are provided with verification from a qualified, independent insolvency practitioner.”

The ministry also admitted in its belated 2015 financial statement (the church’s last annual return, which it published in 2017) that its subsidiary, Christ Embassy Limited, valued with a net asset of more than N1 billion (£2 million) entered into liquidation from November 1, 2016.

 

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Pictures From Davido’s Brother, Adewale Adeleke’s Traditional Wedding

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The traditional wedding of Davido’s brother, Adewale Adeleke to Ekanem, his fiancee started days back.

The second leg continued in Calabar, Cross Rivers state on Saturday, December 14th.

Billionaire businessman, Aliko Dangote, was amongst the guest at the wedding.

See more photos below:

 

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Photos from Day 2 of Davido

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10 Things You Never Knew About Reformed Ogboni Fraternity (ROF)

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Chief Francis Meshioye, leader of the Reformed Ogboni Fraternity (ROF)

The Reformed Ogboni Fraternity (ROF), has been associated with all sorts of things.

Prior to its reformation, and even after, there have been different insinuations about the fraternity.

www.theoctopusnews.com, presents 10 things you never knew about Reformed Ogboni Fraternity (ROF). All according to Chief Francis Meshioye, leader of the Reformed Ogboni Fraternity (ROF).

(1)

The Reformed Ogboni Fraternity (ROF), the  fraternal institution was founded in 1914.

(2)

ROF was founded by a Christian, Deacon Jacobson Ogunbiyi.

(3)

Deacon Jacobson Ogunbiyi founded the fraternity with the initial objective of promoting Christian values among the people.

(4)

The group was expanded to accommodate people of other faiths hence the change in name from Ogboni Fraternity to Reformed Ogboni Fraternity

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(5)

Fouding fathers of ROF were part of those who fought for the decolonisation of Nigeria, and they developed such establishments as the civil service, judiciary and many functional post-colonial institutions.

(6)

The fraternity is not for people who are seeking for easy and quick wealth.

(7)

Known members of the group include late Sir Adetokunbo Ademola, late Chief Ladoke Akintola and late Sir Adeyemo Alakija.

(8)

ROF is  not a secret society; its a registered entity that abides with the laws of the land  with the objectives of promotinf positive values, truth, justice and cultural heritage.

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(9)

The reformed Ogboni Fraternity (ROF) has the ultimate objective of promoting good values, love discipline, not only in Nigeria but in other parts of the world wherever her members finds him or herself.

(10)

There is a clear distinction between ROF as a fraternity and any other forms of organisations. ROF compels her members to imbibe the fundamental injunction of ”do unto others as you wish others to do unto you”

 

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That Smile On Layal Tinubu’s Face

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Goddess

The thoughts of a tiny tot set to arrive brings with it unexplainable joy.

One person who knows this is beautiful Layal Tinubu, wife of Seyi Tinubu, founder of Loatsad Promomedia Ltd, a leading digital advertising agency in Nigeria.

Layal who got married to amiable Tinubu in a colourful affair in 2016, has been wearing a very big grin for a while.

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Although the secret behind the smile was initially unknown, her pregnancy has been revealed as the inspiration, with some speculating that she might be expecting a baby boy

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