Popular prophet Israel Ogundipe of the Celestial Church of Christ has disclosed that a bank offered him a loan of N1 billion. Ogundipe, the founder of Genesis Global Ministry in Lagos, said the loan was intended to support the expansion of his ministry to a global audience.
He shared this information during an appearance on a show hosted by renowned Nigerian On-Air Personality Ifedayo Olarinde, also known as Daddy Freeze, on Tuesday. Ogundipe also revealed that the unnamed bank provided him with details of other churches that had received similar loans. According to the list, some churches had taken out loans 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.
“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.
