CAMA OUTCRY: OYEDEPO’s WINNERS CHAPEL FINANCIAL RECORDS EXPOSED (DOCUMENTS) - TMnews Magazine Online

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CAMA OUTCRY: OYEDEPO’s WINNERS CHAPEL FINANCIAL RECORDS EXPOSED (DOCUMENTS)

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United Kingdom Winners Chapel Financial Record for 2018 has been exposed on internet, showing the sources of the Church’s funds.
                                               Winners Chapel UK Financial Document

The document of Winners Chapel Financial Record which was shared on Twitter by a Nigerian, Dr Olusesan [DrOlusesan] on Monday, August 17, was published by UK Charity Commission on its official site.

Winners Chapel Financial Record leaked a few hours after the founder and presiding Bishop of the Living Faith Church Worldwide, David Oyedepo, faulted the establishment of Company and Allied Matters Acts (CAMA) by President Muhammadu Buhari

Bishop Oyedepo had condemned the CAMA application recently signed into by President Buhari on Sunday, August 16, during a sermon at his Church. According to him, the government has no power to appoint people over churches.

The provisions of CAMA states that no General Overseer or leader of any NGO can transfer directly or indirectly the assets of the organization to himself, his wife, kids or any member of the organization.

A part of the CAMA application reads; “The income and property of the compρany shall be applied solely towards the promotion of its objects, and that no portion thereof shall be paid or transferred directly or indirectly to the members of the company except as permitted by or under this Act, and (b) each member undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within one year after he ceases to be a member for payment of debts and liabilities of the company, and of the costs of winding up, such amount as may be required not exceeding a specified amount and the total of which shall not be less than Nl0.000.”

Meanwhile, the UK Charity Commission opened a case against Winners Chapel in 2013, the Pentecostal Church founded and headed by Bishop Oyedepo; carried out an investigation and placed the Church under scrutiny until 2014 when it exonerated the church of any wrongdoings.

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