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Religion
See other Religion Articles

Title: Nigeria's pastors into big bucks
Source: [None]
URL Source: http://www.bbc.co.uk/news/world-africa-13763339
Published: Jun 15, 2011
Author: staff
Post Date: 2011-06-15 06:06:09 by Tatarewicz
Keywords: None
Views: 179
Comments: 3

Nigeria's pastors run multi-million dollar businesses which rival that of oil tycoons, a Nigerian blogger who has researched the issue has told the BBC.

Mfonobong Nsehe, who blogs for Forbes business magazine, says pastors own businesses from hotels to fast-food chains.

"Preaching is big business. It's almost as profitable as the oil business," he said.

The joint wealth of five pastors was at least $200m (£121m), he said.

Evangelical churches have grown in Nigeria in recent years, with tens of thousands of people flocking to their services.

Mr Nsehe said the richest pastor, Bishop David Oyedepo of the Living Faith World Outreach Ministry, was worth about $150m.

Bishop Oyedepo owned a publishing company, university, an elite private school, four jets and homes in London and the United States, according to Mr Nsehe. 'Private jets'

The Nigerian blogger said Bishop Oyedepo was followed on the rich list by Pastor Chris Oyakhilome of the Believers' Loveworld Ministries. He was worth between $30 and $50m.

These pastors are flamboyant. You see them with private jets and expensive cars”

Mfonobong Nshe Nigerian blogger

"Oyakhilome's diversified interests include newspapers, magazines, a local television station, a record label, satellite TV, hotels and extensive real estate," Mr Nsehe said.

He said three of the other richest pastors were:

Temitope Joshua Matthew of the Synagogue Church Of All Nations (worth between $10m and $15m); Matthew Ashimolowo of Kingsway International Christian Centre (worth between $6 million and $10 million) and Chris Okotie of the Household of God Church (worth between $3 million and $10 million).

Mr Nsehe said representatives of all the clergymen, except Pastor Ashimolowo, confirmed ownership of the assets he had listed on his blog.

"These pastors are flamboyant. You see them with private jets and expensive cars. This extravagance sends out the wrong message to their followers," he told the BBC's Network Africa programme.

He said the pastors acquired their wealth from various sources, including their congregations.

"We have Nigerians who are desperate, looking for solutions to their problems. They go to church for salvation, redemption and healing and pastors sometimes take advantage of them," Mr Nsehe said.

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#1. To: Tatarewicz (#0)

Sounds about par for the course.

Fleece the flock, "pastors."

Somewhere in Kenya, a village is still missing its idiot.

Lod  posted on  2011-06-15   10:14:16 ET  Reply   Trace   Private Reply  


#2. To: Tatarewicz (#0) (Edited)

"Preaching is big business. It's almost as profitable as the oil business," he said.

Unfortunately it is a business to most preachers it seems. The solution to this of course is to stop paying them and only take volunteers who are willing to do it part-time for free. Then they will be more likely to preach the truth from God's word instead of what the congregation wants to hear. In addition all those that accept paychecks from the government for preaching should be barred from preaching by all congregations. The state loves to control the populace through religion, and have misled many Christians to follow their evil governments instead of the truth of God's word.

God is always good!

RickyJ  posted on  2011-06-15   10:26:17 ET  Reply   Trace   Private Reply  


#3. To: Tatarewicz (#0)

Bishop David Oyedepo of the Living Faith World Outreach Ministry, was worth about $150m.

A happy soul basking in the love of Hey$u$

"The person who agrees with you 80 percent of the time is a friend and an ally — not a 20 percent traitor" - Ronald Reagan

Flintlock  posted on  2011-06-15   10:29:52 ET  Reply   Trace   Private Reply  


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