The President of the Living Faith Church has reacted to recent trending news that has concerns his net worth, his issues with the UK Home Office, and calls for the church to pay tax.
Dr. David Oyedepo, speaking with the Reuters News Agency in a recent interview after his 60th birthday analysed how the ministry’s income is spent;
“We use the income of the church to build schools; we use the income of the church to serve the needs of the poor,” Oyedepo said.
On the $150 million Forbes’ estimate of his fortune, he responded, “For me, to have fortune means someone who has what he needs at any point in time.”
But also said that he doesn’t have $150 million stacked somewhere, “Whatever way they found their figures, I am only able to say I am blessed by the Lord.”
According to him he said he could not estimate the church’s total revenues or expenditure on items such as salaries because the departments, including education, were all too diverse with different aspect of administration. The ministry, according to Oyedepo, has employed over 18,000 people in Nigeria.
Responding to questions on the controversy surrounding his church in the UK in which it is reported the the ministry in under investigation by the British authorities and he had been consequently barred from entering the country, Oyedepo said he knew nothing of the UK charity commission’s review, neither had he been informed of the on-going review as claimed by the Charity Commission.
“We supply our water, we make our roads, then you say: ‘Let’s tax them’. For what?” Oyedepo dismisses calls for the a tax to be imposed on churches.