ICYMI: Christ Embassy, UK declared Bankrupt

The UK branch of Nigeria’s Mega Church, Christ Embassy A.K.A. Believers’ LoveWorld incorporated has gone bankrupt, declares the country Charity Commission.
The Pastor Chris Oyakhilome led denomination, the Commission says is unable to pay its debt, hence the pronouncement.  
The branch, with valued assets worth more than N1billion (£2 million) according to its representative in 2017 had published a financial report showing it went into liquidation from November 1, 2016.
The church’s financial predicament is as a result of the nasty breakup between the clergyman and his wife-Pastor Anita in 2014. The branch after the incident was left to his ex-wife, who replaced Pastor Chris as Chairman of the church’s board of trustees.
Investigation into the possible financial improprieties of the church’s fund between 2008 and 2012 by  auditors appointed by the commission raised eyebrows over suspicious payments worth N2.14 billion (£4.28 million) made to companies and organisation closely related to the church in 2013.


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