A licensed stock brokerage firm, Valueline Securities and Investment
Limited, has filed a suit before a Federal High Court in Lagos against
founder of Living Faith Church, popularly known as Winners Chapel,
Bishop David Oyedepo, for alleged breach of agreement on multi-billion
Naira investment in the Nigerian stock market.
The suit, which
has the firm and its Managing Director, Samuel Enyinnaya, as the first
and second plaintiffs, is before by Justice Mohammed Yunusa, who has
fixed February 16, 2015 for hearing.
Apart from Oyedepo and
Living Faith Church, others listed as defendants in the suit are World
Mission Agency Inc (the overall ruling organ of the church), Covenant
University, David Oyedepo Foundation, Mrs Faith Abiola Oyedepo
(Oyedepo’s wife), Joys Priscillia Oyedepo, Love Jesutobi Oyedepo, David
Makinde Oyedepo, Isaac Oyedepo (all Oyedepo’s children and blood
relatives) and the Nigerian Stock Exchange (NSE).