Bank proposes unsolicited N1bn loan to prophet, to pay back from crusades money

Bank proposes unsolicited N1bn loan to prophet, to pay back from crusades money

Prophet of the Celestial Church of Christ and founder, Genesis Global Ministry in Agbado, Lagos, Israel Ogundipe, has said  a bank offered him N1 billion loan and pay back with money collected from crusades, conferences, among others.

Ogundipe explained that the loan was to help him expand his ministry to reach more members globally.

He revealed this while speaking on a show of popular Nigerian On-Air Personality, Ifedayo Olarinde, also known as Daddy Freeze on Tuesday.

He also mentioned that the unnamed bank showed him details of churches that have collected similar loans.

Ogundipe explained that from the list that he was shown, some churches took loans ranging from N3 billion to N4 billion.

“A bank called me two months ago and said they wish to loan me N1 billion. They offered me the loan and I asked them what for. They replied that they know churches are getting it (loan) and I would be able to pay it back because they know my church is big.

“Then I asked them how they want me to be paying back, and they said when we are doing revivals, crusades, we’ll be paying back monthly.

“And they mentioned some churches who got loans from them ranging from N3 billion to N4 billion. And I asked them how they expected me to pay back such an amount and they said those that collect such loans, that’s why they would never stop doing conferences, crusades, and revivals, and from there, they would get money to pay back,” the pastor said.

Culled from The PUNCH