December 4, 2022

Global News

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Extravangant Man Of God, David Oyedepo In Debt Mess – Owes contractor N35m

3 min read

In 2010, Newarc Development Limited emerged the main contractor as approved by the Tenders Board and consented to about N400 million for the construction of Faith Academy Day Secondary School, Gowon Estate, Ipaja. However, since completion and handover last year, about N35 million is still being owed by the Bishop David Oyedepo-led Living Faith Ministries (Winners Chapel), owners of the school.

Efforts by the contractor to reach Bishop Oyedepo, the wealthy man of God has been made impossible by his aides while the contractor suffers embarrassment and integrity challenges from creditors, suppliers and sub-contractors with some already threatening legal action.

Correspondences and physical appeals over this legitimate debt owed Newarc Development by the mega church for the construction of the school that already has over 300 students in attendance has failed to yield any positive result.

At the centre of it all is Arc. Denis Akabogu, principal partner, Spacetime Consultants who is the lead consultant who failed to stand the moral high ground or possibly, acting on instructions of the project director at Winners Chapel, Canaanland, chose to act contrary to his professional dictates.

In several meetings, the contractor has sought mediation but the church head of legal, Pastor Olusola harassed, insulted and intimidated the contractor with unprintable words for daring to brief his lawyer.

It was also gathered that the Building Plan Permit which was to have been sorted out by the church prior to commencement of construction in 2010 was not done; this led to the closure of the site by a task force of Lagos State Ministry of Physical Planning and Development late 2010 for almost two years.

All efforts to reach the contractor, whom we gathered is a long-standing member has proven abortive as he has relocated due to threats and constant harassment from stakeholders in debt.

The most appalling news in the whole saga is the audacity of the Project Management Department of the church who for no reason at all brought in several sub-contractors to execute some aspects of work after financially frustrating the contractor and without his consent which is contrary to the contract dictates.

When we called Arc. Akabuogu, he feigned ignorance on the issue. “I am not aware of any debt. I am not the right person to be addressed on this issue; you will have to call the church to get the true position on this matter,” he offered

We also put a call across to Pastor David Olusola, head of legal of the church as well as one of the key lieutenants to Bishop Oyedepo. He also parried affirmation on the debt: “I am not a member of the board of Faith Academy so I may not be the best person to speak on the issue. I am not aware of any debt being owed any contractor.”

Calls and text messages to Pastor Nathaniel, executive secretary of the church yielded no response either. However, one of his aides who spoke to us but does not want to be quoted said, “I strongly believe Bishop Oyedepo is unaware of the true state of this transaction. He hates to owe and always does everything possible not to owe people. He may sack people over this because this contractor genuinely worked and deserves to be paid but unfortunately it is not under my purview. Don’t forget that apart from this school in Gowon Estate, we also have several others aside our university. He is a blessed man. His aides are the one causing this confusion and embarrassment to him and the church.”

This magazine reliably gathered that this contractor is not the only one owed by Oyedepo as there are several others who are also in great difficulties due to the amount of money owed them by the man in charge of Winners Chapel.

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UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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2 min read

UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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