Obasempire reports that renowned prophet of the Celestial Church of Christ, Israel Ogundipe, has disclosed that a bank proposed a N1 billion loan to him.
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Ogundipe, the founder of Genesis Global Ministry in Lagos, mentioned that the loan was offered to support the expansion of his ministry to reach more followers worldwide.
He shared this information during an appearance on a show hosted by popular Nigerian On-Air Personality, Ifedayo Olarinde, also known as Daddy Freeze, on Tuesday.
Ogundipe also noted that the unnamed bank presented him with examples of churches that had obtained similar loans, with some ranging from N3 billion to N4 billion.
“A bank called me two months ago and said they wish to loan me N1 billion. They offered me the loan and I asked them what for. They replied that they know churches are getting it (loan) and I would be able to pay it back because they know my church is big.
“Then I asked them how they want me to be paying back, and they said when we are doing revivals, crusades, we’ll be paying back monthly.
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“And they mentioned some churches who got loans from them ranging from N3 billion to N4 billion. And I asked them how they expected me to pay back such an amount and they said those that collect such loans, that’s why they would never stop doing conferences, crusades, and revivals, and from there, they would get money to pay back,” the pastor said.
Ogundipe was in 2020 convicted and sentenced to jail for defrauding a London-based architect and converting her property for personal use.
The pastor was arraigned on a seven-count which includes stealing, unlawful conversion of property, forgery, and fraudulently collecting sums of N14m and £ 12,000 from the victim between 2002 and 2005.
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