Business
Trouble in Assemblies of God Church as Members drag Reverends, Pastors to EFCC Over Fraud
Some aggrieved members of the Assemblies of God Church have dragged the church’s factional General Superintendent, Rev. Chidi Okoroafor and six others to the Economic and Financial Crimes Commission, EFCC, over alleged embezzlement and fraudulent diversion of funds.
The petition was written by Barr. Eli Ugwu on behalf of the Assistant General Superintendent, Rev. Ramsey Ogagaoghene, Bright Arukwe, Clement Esochaghi, Oliver Udensi and Sunday Palma.
It also called on the commission to investigate Rev. Vincent Alaje, Rev. Femi Adegoke, Mr. Dickson Ukpai, Mr. Michael Ugbor, Elder Mike Okoro and Tony Ewelike.
According to the allegations, Rev. Vincent Alaje, former general treasurer of the church until August 6, 2014 but currently the treasurer of Rev. Chidi Okoroafor led faction of the church, “unilaterally spent about N115, 000,000 belonging to the church illegally and on unauthorized business without approval from the General Superintendent.
“He personally negotiated and concluded payments for three lands and has started erecting a building thereupon without the consent and authority of the General Superintendent and other officers of the church.
“Alaje is fond of commandeering money to himself, approving them by himself, and authorizing payments without seeking the consent of the General Superintendent. This is evidence by his requisition of 5/4/2013 for the sum of N1, 500,000.00, which he tagged; “Trip to Ibadan with the family
“The above unilateral stashing of fund is after the officers had magnanimously approved N2m to him as gift towards the same purpose. The requisition will be presented on demand”.
The report further accused Alaje of illegally collecting N28, 508, 800.00 as Staff Investment Premium without any authorization which according to the report is against the General Council Accounts procedures.
“Again, Rev. Alaje contrary to the general council accounts procedures and without authorization instructed the deposition of specific amounts of money which he tagged “Staff Investment Premium” into a specific Diamond Bank Account and from records a total sum of N28, 508,800.00 was deposited into this account from 24/4/13 to 27/7/14”, they further claimed.
The petition also sought for probing of Mr. Tony Ewelike with regards to the N1.4b Assemblies of God Ministers Benefit Scheme, AGMBS, under him which he has been unable to account for.
According to the petition, Rev. Femi Adegoke, former medial director of Assemblies of God should also be investigated for allegedly defrauding the church of over N50m.
Also, the petition called on the commission to investigate the co-coordinator, Easter yearly retreat, Elder Mike Okoro, who they claimed defrauded the church of over N4.4b realized for the purpose of retreats.
The report also called for the investigation of Mr. Dickson Ukpai and Mr. Michael Ugbor both general managers of Assemblies of God Bookshop and Assemblies of God Press for allegeddly embezzling over N2.1b of the establishments.
The petition informed the anti graft agency that, “Due to the current crises in the church the fraudulent activities of the people mentioned above with the connivance of Rev. Dr. Chidi Okoroafor has continued unabated.
“It is our instruction that Rev. Chidi Okoroafor, the leader of a faction of the church and his cohorts named above has before 6th March 2014 been fraudulently embezzling billions of Naira belonging to the church.
“We urge you sir, to carefully investigate this report in the interest of justice and in the spirit of the present administration which has zero tolerance for corruption.
“Your outfit is well known for fighting of corruption and reposing life on the downtrodden. We are equally aware that no amount of money in this entire world can buy the conscience of EFCC the only hope of Nigerians,” the petition said.
Renewed Hope Ambassadors Inspect RHA Secretariat
Renewed Hope Ambassadors, led by its Director-General and the Governor of Imo State, Hope Uzodinma, alongside Zonal Coordinators (NW, NC, SE), the Media & Publicity Directorate, and other key stakeholders, inspected the RHA Secretariat two days after President Bola Tinubu unveiled the Renewed Hope Ambassadors grassroots engagement drive in Abuja.
Harmony Gardens’ Ibeju-Lekki Portfolio Crosses $1bn
Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its estate portfolio beyond $1 billion.
Led by Chief Executive Officer Hon. Dr. Audullahi Saheed Mosadoluwa, popularly know Saheed Ibile, the company is developing seven estates within the Lekki–Ibeju corridor. Details available on Harmony Garden & Estate Development show a portfolio spanning land assets and ongoing residential construction across key growth locations.
A major component is Lekki Aviation Town, where urban living meets neighborhood charm, located near the proposed Lekki International Airport and valued internally at over $250 million. The development forms part of the company’s broader phased expansion strategy within the axis.
Other estates in the corridor tagged as the “Citadel of Joy” (Ogba-idunnu) include Granville Estate, Majestic Bay Estate, The Parliament Phase I & II, and Harmony Casa Phase I & II.
With multiple projects active, the rollout of the Ibile Traditional Mortgage System, and structured expansion underway, Harmony Garden & Estate Development Ltd continues to deepen its presence within the fast-growing Ibeju-Lekki real estate market.
Business
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group Showcases Food Manufacturing Strength at 62nd Paris International Agricultural Show
BUA Group, one of Africa’s leading diversified conglomerates, is maintaining a strong presence at the ongoing 62nd edition of the Paris International Agricultural Show in France, participating as a premium sponsor and supporting the Nigeria Pavilion at one of the world’s most respected agricultural gatherings.
The 62nd Paris International Agricultural Show, taking place from February 21 to March 1, 2026, at Porte de Versailles in Paris, convenes global leaders across farming, agro processing, technology, finance, and policy. The event serves as a strategic platform for industry engagement, knowledge exchange, and commercial partnerships shaping the future of global food systems.
BUA Group’s participation reflects its long term commitment to strengthening the entire food production value chain. Through sustained investments in large scale processing, value addition, and branded consumer products, the Group continues to reinforce its role in advancing food security, industrial growth, and regional trade integration.
Speaking on the Group’s participation, the Executive Chairman of BUA Group, Abdul Samad Rabiu CFR, said, “BUA’s presence at the Paris International Agricultural Show reflects our belief that Africa must be an active participant in shaping the future of global food systems. We have invested significantly in local production capacity because we understand that food security, industrial growth, and economic resilience are interconnected. Platforms like this allow us to build partnerships that strengthen Nigeria’s competitiveness and expand our reach beyond our borders.”
BUA Foods, a subsidiary of BUA Group, maintains a strong footprint in flour, pasta, spaghetti, sugar, and rice production, serving millions of consumers within Nigeria and across neighbouring African markets. The Managing Director of BUA Foods, Engr. Abioye Ayodele, representing the Executive Chairman, is attending the event at the Nigeria Pavilion, engaging industry stakeholders and showcasing the company’s manufacturing capabilities.
Also speaking at the show, Engr. Ayodele stated, “BUA Foods has built scale across key staple categories that are central to household consumption. Our participation at this Show allows us to demonstrate the quality, consistency, and operational strength behind our products. We are also engaging global stakeholders with a clear message that Nigerian manufacturing can meet international standards while serving both domestic and regional markets efficiently.”
The Show provides BUA Group with an opportunity to deepen trade relationships, explore new export pathways, and reinforce Nigeria’s growing relevance within the global agricultural and food ecosystem.
BUA Group remains focused on building enduring institutions, expanding productive capacity, and positioning African enterprise competitively within global markets.
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