Abacus Wealth Management

'Pastorpreneur' – Skinning the Flock and Taking its Milk

The Daily Mail published an article on Sunday 21st October 2012, which makes revelations about the Winners’ Chapel movement, which have prompted the Charity Commission to review the charitable status  of the church – one of the fastest-growing in the UK. Winners’ Chapel is part of a worldwide empire of evangelical ministries run by Nigeria’s wealthiest preacher David Oyedepo, who has an estimated £93 million fortune, a fleet of private jets and a Rolls-Royce Phantom.

The article says that branches of the church have sprung up in major UK cities in a huge recruitment drive centred on Mr Oyedepo’s ‘prosperity gospel’. This claims that congregants who make regular donations and pay tithes – a ten per cent levy on their income – will be rewarded financially by God.

The UK daily newspaper makes the following disclosures from its investigations:

Church commerce is really going on and faithful worshipers are being ripped off of their hard-earned coins. How to figure out genuine pastors and pastorpreneurs is upon us. Of course no church would run without the flock offering something. However, just because the flock is innocently gullible doesn’t beg for extortion from the clergy.
Read full article here.

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