By Peace Udugba -The Daily Torch Media
The church says oil wells are not personal property of the President to be distributed arbitrarily.
Living Faith Church Worldwide has dismissed allegations that former President Olusegun Obasanjo allocated oil wells to its founder, Bishop David Oyedepo, and other prominent Nigerian Christian leaders during his administration.
The allegation was made by the founder and President of the Ministers’ Prayer Network, Rev. Mosy Madugba, who reportedly claimed that Obasanjo allocated oil wells to influential pastors, including Oyedepo, the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, and the General Superintendent of the Deeper Christian Life Ministry, Pastor William Kumuyi.
According to The PUNCH, the allegation emerged from a sermon by Madugba circulating on social media and has generated controversy, with some Nigerians demanding evidence to substantiate the claims.
In the video, Madugba alleged that several prominent pastors in Lagos benefited from oil well allocations during Obasanjo’s presidency.
He specifically mentioned the leaders of Winners’ Chapel, Adeboye and Kumuyi, claiming that they owned oil wells, universities, hospitals and schools. He also alleged that all of them, except Kumuyi, owned private jets.
However, reacting to the claims, the Director of Media at Living Faith Church Worldwide, Patrick Nkamiang, described the allegations as unfounded, questioning how the former President could have distributed oil wells as personal gifts.
Nkamiang argued that oil wells are not the personal property of the President but natural resources regulated by the laws of the Federal Republic of Nigeria.
He said: “Oil wells are not that cheap to give away, nor are they the personal property of the President that he can just give to anybody.
“Even if oil wells were that cheap as of the time that he said that they were giving out oil wells, what’s the value of an oil well then? Oil wells do not even belong to Obasanjo, for him to be sharing?
“They’re natural resources that are governed by the Federal Republic of Nigeria. You can’t just give them away as you like.”
Nkamiang further maintained that Oyedepo operated a zero-tolerance policy towards gifts and donations that could not be traced to legitimate personal or internally generated sources of income.
He also ruled out the possibility of the church instituting legal action against Madugba over the allegations, saying the ministry would rather leave the matter in God’s hands.
The controversy has renewed public discussion about accountability, transparency and the responsibilities of religious leaders, particularly when allegations involving wealth and ownership of major assets are raised.
However, the claims against the named religious leaders remain allegations, and no supporting evidence was presented in the account of Madugba’s sermon.
Tags: Living Faith Church, Bishop David Oyedepo, Olusegun Obasanjo, Mosy Madugba, Pastor Enoch Adeboye, Pastor William Kumuyi
