Vanguard Allure

Top Menu

  • Vanguard

Main Menu

  • Home
  • Allure Magazine
    • Features
    • Magazine
    • Profiles
  • Allure TV
  • Celebration
    • Fashion & Style
    • Weddings
    • Lifestyle
    • Events
  • Wellbeing
    • Allure Woman
    • Healthy Living
    • Beauty
  • Happiness
    • Food
    • Shopping
    • Travel
    • Relationships
    • Career
  • News
  • Vanguard

logo

Vanguard Allure

  • Home
  • Allure Magazine
    • Female Influencers Cashing Out

      March 19, 2023
      0
    • IWD: Young Women Driving Tech

      March 12, 2023
      0
    • Buogo Obi-Oloketuyi: The Chic Carpenter

      March 5, 2023
      0
    • BOLANLE AND BUNMI NINALOWO: To Love And To Hold

      February 14, 2023
      0
    • Vanguard Personality Of The Year Awards 2022

      January 29, 2023
      0
    • Ruky Ogbetuo: From Fashion Writing To Prolific Designer

      January 21, 2023
      0
    • Bisola Alabi: Tech Savvy

      January 15, 2023
      0
    • Wumi Jubril - Providing Ultimate Wellness Experience

      January 13, 2023
      0
    • Celebrities Share their New Year’s Resolutions with us

      January 2, 2023
      0
    • Features
    • Magazine
    • Profiles
  • Allure TV
  • Celebration
    • Fashion & Style
    • Weddings
    • Lifestyle
    • Events
  • Wellbeing
    • Allure Woman
    • Healthy Living
    • Beauty
  • Happiness
    • Food
    • Shopping
    • Travel
    • Relationships
    • Career
  • News
    • 'Teni made people criticize me on social media' - Monalisa Stephen

      March 21, 2023
      0
    • Renowned English guitarist, Mick Slattery dies at 77

      Renowned English guitarist, Mick Slattery dies at 77

      March 21, 2023
      0
    • Whitemoney to sue BBN, real estate company over unfulfilled promise

      March 20, 2023
      0
    • Stop making statements that are oppressive and divisive -IK Osakioduwa urge Nigerians

      March 20, 2023
      0
    • How my dollar cash was stolen at Delta hotel -BBNaija's Phyna

      How my dollar cash was stolen at Delta hotel -BBNaija's Phyna

      March 17, 2023
      0
    • Olu of Warri, wife, joins world leaders to celebrate Commonwealth Day in ...

      March 16, 2023
      0
    • Amandla Ebeye reveals why she is changing name

      March 14, 2023
      0
    • Mercy Johnson's husband dedicates his Certificate of Return to her

      March 13, 2023
      0
    • Singer Tiwa Savage hosted at Buckingham Palace

      March 9, 2023
      0
  • Economist, Tony Elumelu celebrates 60th birthday

  • “It is well,” Anita Joseph replies troll who asking here to get pregnant

  • Aiteo founder Benedict Peters honored with African Philanthropy Award in Kigali

  • Anita Joseph, Tboss, others slam Monalisa Stephen for candid sex life confession

  • Blaqbonez laments album date clash with Davido’s

Allure MagazineNews
Home›Allure Magazine›Pastor Matthew Ashimolowo says he’s not connected to ponzi scheme investment

Pastor Matthew Ashimolowo says he’s not connected to ponzi scheme investment

January 3,2017
Share:

By Sewe Ishola

The Senior Pastor of Kingsway International Christian Centre, Pastor Matthew Ashimolowo has reacted to the news of his church falling victim to a ponzi scheme.

Ashimolowo released a statement, where he claimed, he was in no way personally involved in the transaction that saw his ministry, losing millions of dollars in bad investment.

Read his statement below:

“The attention of Pastor Matthew Ashimolowo and KICC has been drawn to publication in the media with the headline: ‘Pastor Matthew Ashimolowo loses $5million to Ponzi Scheme”

“We wish to state that the headline was unfortunate and misleading and has caused damage to the reputation of Pastor Ashimolowo. The sensational headline suggests that Pastor Matthew Ashimolowo lost $5million when INFACT HE DID NOT and did not make the decision to invest.
“Pastor Matthew Ashimolowo is the Senior Pastor of KICC and not her trustee and has never been a trustee of KICC.
“As you are aware from the Charities Commission’s report, the decision to invest was solely that of the U.K trustees without any involvement of Pastor Matthew Ashimolowo.
“Importantly as the report states, it is the trustees who have the responsibility for investing Charity Funds and NOT PASTOR MATTHEW ASHIMOLOWO.
“The investment referred to were made by former trustees on behalf of the Charity over SEVEN AND HALF YEARS AGO. They believed they were acting in the best interest of the Charity and they did not and have not benefited personally.
“Their actions were totally independent and were not influenced in any way by Pastor Matthew Ashimolowo.
“KICC is a Charity whose main aim is to advance the Christian religion in the U.K. and around the world as well as provide local communities with a great deal of counseling and support, including educational, bereavement and prayer support.”

TagsAllure VanguardKICCMatthew Ashimolowomillionsponzi scheme
Previous Article

See photos from late Dora Akunyuli’s daughter ...

Next Article

Hollywood actor Arnold Schwarzenegger takes over from ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Allure MagazineNews

    ”My mother is forever irreplaceable”, Comedian Bovi Ugboma pens lovely tribute to his late mum

    January 25, 2017
    By allure1
  • Allure MagazineNews

    Uche Jombo’s husband Kenney Rodriguez’ alleged side chic surfaces 

    July 2, 2017
    By allure1
  • Allure MagazineNews

    Singer, Olamide clapbacks at Twitter user over comment

    October 30, 2017
    By allure1
  • Allure MagazineNews

    Nollywood stars pay veteran actress, Eucharia Anunobi a condolence visit

    August 30, 2017
    By allure1
  • Allure MagazineNews

    Tonto Dikeh celebrates son, King Andre as he turns a year old

    February 17, 2017
    By allure1
  • Allure MagazineNews

    UNILAG lecturer allegedly gives corporal punishment to students

    March 3, 2017
    By allure1
0

  • Fashion & Style

    Classy Ways To Dress Up For Christmas

  • LifestyleNews

    The Obama’s Are The Most Admired Man And Woman In America, 2018

  • Allure MagazineLook of the day

    Look of the day: Damilola Adegbite Attoh

  • 5312
    Followers
  • 12744
    Likes

Timeline

  • March 22, 2023

    Economist, Tony Elumelu celebrates 60th birthday

  • March 22, 2023

    “It is well,” Anita Joseph replies troll who asking here to get pregnant

  • March 22, 2023

    Aiteo founder Benedict Peters honored with African Philanthropy Award in Kigali

  • March 22, 2023

    Anita Joseph, Tboss, others slam Monalisa Stephen for candid sex life confession

  • March 22, 2023

    Blaqbonez laments album date clash with Davido’s

Categories

Subscribe to our Newsletter

Sign up to receive email updates and to hear what's going on with our magazine!

  • Recent

  • Popular

  • Comments

  • Economist, Tony Elumelu celebrates 60th birthday

    Economist, Tony Elumelu celebrates 60th birthday

    By joy onuorah
    March 22, 2023
  • "It is well," Anita Joseph replies troll who asking here to get pregnant

    “It is well,” Anita Joseph replies troll who asking here to get pregnant

    By joy onuorah
    March 22, 2023
  • Aiteo founder Benedict Peters honored with African Philanthropy Award in Kigali

    Aiteo founder Benedict Peters honored with African Philanthropy Award in Kigali

    By joy onuorah
    March 22, 2023
  • Anita Joseph, Tboss, slam Monalisa Stephen for sex life confession

    Anita Joseph, Tboss, others slam Monalisa Stephen for candid sex life confession

    By joy onuorah
    March 22, 2023
  • Chioma Jesus, Sammie Okposo, Midnight Crew set for #THUGGLA2018

    By RITA
    April 24, 2018
  • American rapper, Kendrick Lamar wins Pulitzer prize for 2017 ‘Damn’ album

    By RITA
    April 17, 2018
  • Afrobeat singer, Seun Kuti drops new album titled ‘Black Times’ 

    By RITA
    April 23, 2018
  • Actor, Yul Edochie declares intention to run for presidency

    By RITA
    April 23, 2018

Entertainment

  • March 21, 2023

    ‘Teni made people criticize me on social media’ – Monalisa Stephen

  • March 21, 2023

    Singer Davido returns to social media, announces date for new album

  • March 21, 2023

    ‘Never give up’ – Yul Edochie writes open letter to Funke Akindele after election loss 

  • March 16, 2023

    Burnaboy to perform at Champions League final in Istanbul

  • March 16, 2023

    EbonyLife’s Mo Abudu, Idris Alba, partner on Africa-inspired movie

Follow us