According to reports reaching OYOGist.com, Daniel Olukoya, General Overseer of Mountain of Fire and Miracles Ministries, has reportedly admitted that his former employee stole £150,000 out of the church’s funds in the United Kingdom.
According to Olukoya in a statement by his media aide, Mr Collins Edomaruse, the unnamed employee paid the £150,000 Charity’s fund into his personal account and conspired with external auditors to shield the income from Discovers.
The Charity Commission which is an independent regulator of charities in England and Wales, had in a statement, said it found two alleged incidents of fraud by former employees of the church involving significant sums, both of which were not reported until a number of years after the frauds were discovered.
But despite admitting to this incident, the MFM General Overseer failed to react or comment on a £1m fraud committed by another employee of the church in the UK as well.
It revealed that while a small percentage of the stolen funds had been recovered, the charity continued to suffer a significant loss.
MFM was also blamed for breaching its governing document by paying three of its trustees.
The commission listed Dr Olukoya (chair), Florence Sankey O. A., Oluwafemi Emmanuel Oladipo, Bamidele Omotayo, Kehinde Williams and Enock Sunday Olaniyan as MFM International Trustees for the financial year ending December 31, 2018.
Although the charity commission did not say, who the three trustees paid were, it clearly, however, said it had serious concerns about how the chairman of the trustee handled serious incidents.
