The church of
popular U K based Nigerian pastor Matthew Ashimolowo is under fraud
investigations into alleged mismanagement of finances at Kingsway International
Christian Centre (KICC).
The UK
Guardian reports that the criminal investigation by the City of London police
followed a report of the Charity Commission which found KICC lost most of £5m
invested by the former Charlton footballer Richard Rufus, a Ponzi scheme
operator.
“Detectives
from City of London police’s fraud teams are investigating,” an unnamed police
spokesman confirmed, although no arrests have been made.
The Guardian
reports that Charity Commission accused the church’s former trustees who
invested in Rufus’ Ponzi scheme of “not exercise(ing) sufficient care” when
they gave Rufus the church’s money.
The
Commission said they failed to check if Rufus had any investment qualifications
or experience and gave little thought to the extraordinarily high rate of
return the former Premier League footballer was promising yet concluded that
his “personal guarantee makes this as safe an investment as any”.
The church’s
chief operating officer James McGlashan said that Pastor Ashimolowo knew about
the investment with Rufus but denied his being any part of the decision to
invest the money as he was not a trustee of the KICC.
“[The
trustees’] actions were totally independent and were not influenced in any way
by pastor Ashimolowo,” said Dipo Oluyomi, KICC chief executive in a statement.
KICC said the
trustees “acted in good faith and had no reason to suspect that the investment
on behalf of the charity would go wrong” and that “pastor Ashimolowo is not one
of the trustees was not part of the decision to make the investment that went
wrong and that neither the church or its trustees have been accused of or
investigated by the UK authorities for wrongdoing”.
U K Guardian
U K Guardian
They've started again leave my pastor
ReplyDeleteNot above the law
ReplyDeleteI am confident pastor Matthew will conquer again, he does not break the rules always a fighter
ReplyDeleteI am confident pastor Matthew will conquer again, he does not break the rules always a fighter
ReplyDelete