Officials of Economic and Financial Crimes Commission (EFCC) have arrested the General Overseer of Faith On The Rock Ministry International, Apostle Theophilus Oloche Ebonyi, over allegations of fraud.

According to a statement by the EFCC spokesperson, Dele Oyewale, the suspect used fake grants scheme from the Ford Foundation to defraud his victims the sum of N1, 319,040,274.31.

The EFCC disclosed that Ebonyi used his NGO, Theobarth Global Foundation, to defraud hundred of Nigerians through the announcement of nonexistent grants.

According to the EFCC, Ebonyi claimed that the Ford Foundation was offering a grant of $20,000, 000. 000 to assist the less-privileged in society.

He allegedly beguiled his victims to subscribe as beneficiaries of the phony grant by asking them to pay for registration forms and clusters.


Each subscriber was made to pay N1,800,000.

Politics Nigeria understands that through this arrangement, Ebonyi allegedly raked in N1,391,040, 274.31.

His subscribers are innocent and unsuspecting Nigerians and NGOs across the country.

Investigations by the EFCC showed that Ford Foundation had no arrangement, grant, relationship or business with Mr Ebonyi.

The Foundation disclaimed him and his NGO stressing that it had no link whatsoever with them.

The EFCC has also traced five properties he acquired as proceeds of his criminal dealings.

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