The Abrahamic order of blessing is surely speaking
on highly honoured Man of God and the Presiding
Bishop of The Living Faith World Outreach Ministry
also known as Winners Chapel.
Though nobody can truly estimate the net worth of
Bishop David Olaniyi Oyedepo, but the current
estimate is around 600 billion naira.
With the outstanding Canaanland reportedly worth
over N90 billion, with diverse projects erected and
revenue accrued from it, four jets valued at N25
billion, N15 billion on three universities and several
other schools, a reported N250 billion housing
estate when concluded, annual offering and tithes to
the tune of N31.2 billion annually, 7million books
estimated to have raked in N1billion, 400 buses
worth N600 million, N10 billion Goshen City at Abuja
and several other ventures have made him a pastor
with uncommon grace for prosperity.
According to Wikianswers, Bishop Oyedepo is
arguably the richest pastor in Africa. The church he
founded in 1981 has grown in leaps and bounds.
The ministry now has over 2000 satellite branches
and present in 60 countries and reportedly boasts
of over one million members worldwide and several
others via outreaches.
The bishop entered the Guinness Book of World
Records in 2008, when he became the pastor of the
largest worship centre in the world, with a sitting
capacity of 50,000 and an overflow of 250,000 in
Canaanland, Ota, Ogun State.
“The international headquarters of Winners Chapel
is called Faith Tabernacle. It covers about 70 acres
(280,000 m2) and is built inside a 530-
acre (42 km2) church complex called Canaanland,
the international headquarters of the ministry in Ota,
a suburb of Lagos. The building took 12 months to
be completed. The foundation laying held on August
29, 1998 and the announcement of the time frame of
one year for the building project was announced on
September 13, 1998, by Bishop Oyedepo at the
Iyana Ipaja church while work began on September
18, 1998. The dedication of the building held on
September 19, 1999 with 97,800 faithfuls in
attendance. Faith Tabernacle is presently the
largest church building in the world, with a sitting
capacity of 50,400 people and an outside overflow
capacity of over 250,000, with four services every
Sunday.
Construction completed in Canaanland till date is
estimated to be not less than $600 million (N90
billion) with an additional Canaan City Estate
currently under construction which will be the
largest housing estate in Africa and easily one of
the largest in the world with 15,000 housing units
and at a cost of N250 billion or $1.6 billion. This is
part of a grander scheme of 150,000 houses to be
built by the church.”
We scooped that he picks an average of N100
million offering and N500 million tithe weekly. The
estimate was that if a worshipper pays at least
N100 during their four services weekly on Sunday,
their over one million members would have paid
N100 million. And an average of 500,000 of the
worshippers fulfilling their tithes every Sunday with
an average of N1,000 is N5 million. If we add the
offering and tithe annually that’s N600 million times
52 weeks and that’s N31.2 billion annually. But note
that even an individual at times paid several millions
on a Sunday as tithe,” a source divulged.
As an educationist, Bishop David Oyedepo’s mission
currently pioneers the establishment of educational
institutions at all levels in and outside Nigeria, including the widely established Covenant University with over 7,000 students as well as Faith
Academy with 1,500 students both in Canaanland.
Covenant University was well documented in a
Nigerian Television Authority (NTA) documentary on
Nigeria’s 50th Independence Anniversary because
of landmark achievements in its few years of
existence. Covenant University was adjudged the
best private university in Nigeria in 2005, and one of
the goals of the institution is to be among the best in
the world by or before 2020.
According to Bishop Oyedepo, “Covenant University
is not just an institution, it is a revolution in
education.”
Faith Academy on the other hand placed fourth of all
secondary schools in Nigeria during the 2010 Senior
Secondary Certificate Examination (SSCE). The
second university of the church known as
Landmark University in Omu Aran, Kwara State,
was approved by the Nigerian Government in March
2011 and immediately resumed academic activities
the same month with about 1000 students.
Construction at Landmark University is estimated to
be in the realm of at least $50 million (N7 billion) so
far, while Bishop Oyedepo insists that ‘spending
continues’. Landmark University (LU) has the
mandate of spearheading an agrarian revolution in
Nigeria. Bishop David Oyedepo stated in August
2010 that it takes a ride of more than 100km to go
around the walls of Landmark University. Landmark
University is 1,400 acres. The third one under
construction is Crown University in Calabar, Cross
River State. There are strong plans for about four
more universities across Africa including Abuja,
Ghana, Democratic Republic of Congo and Kenya as
announced by Bishop Oyedepo during Shiloh 2007.
1,000 acres have already been acquired for the
university in Ghana, while 300 hectares (about 750
acres) have been acquired for the Congo university
and this is going to be a French speaking university.
Recently, President Yahya Jammeh of The Gambia
appealed to the World Mission Agency (WMA) of the
Living Faith Church to build a university in The Gambia.
Some other projects that were announced during
the initial foundation laying in Canaanland in 1999,
include a towering administrative headquarters and
a 500 bed hospital among many other projects.
Winners’ Chapel also runs a chain of about 30
secondary schools and over 50 primary and
nursery schools in Nigeria. The secondary schools
are known as Faith Academies except those within
the universities known as Covenant University and
Landmark University Secondary Schools
respectively. The nursery and primary schools are
known as Kingdom Heritage Model Schools (KHMS).
Some of the secondary schools are in Badagry,
Iyana Ipaja, Ibadan, Asaba, Kaduna, Ilorin and
Osogbo. The mission is presently working on
building at least a secondary school each in every
country in Africa.
The Winners Chapel currently has a Goshen City
which is a camp like Canaanland in Abuja and is
along kilometre 26, Abuja-Keffi Road. It has an
ultra-modern auditorium which accommodates over
15,000 and a secondary school, Faith Academy, a
youth centre as well as Kingdom Heritage Model
School (nursery and primary) which were all
dedicated on October 2, 2010. The auditorium is a
replica of the Faith Tabernacle. Goshen is complete
with a dual-carriage way running through the 740
acre facility with street lightning as well as a
housing estate with over 45 housing units among
others and all these were constructed in only 15
months. There are plans for a university to be built
in Goshen. Goshen is now the mission headquarters
of the Living Faith Church. It is worth over N15
billion.
All over Nigeria and Africa, Winners Chapel has a lot
of architectural masterpieces which emphasize
utility. The use of pillars in their auditorium are de-
emphasized as these enable every worshipper to
have visual access to the altar. Some of these
masterpieces are Faith Tabernacle, Canaanland,
Goshen, along Km 26 Abuja-Keffi Expressway, the
old site of Winners Chapel in Durumi, Abuja, built in
6 months; Garden of Faith, Kaduna, Winners Chapel,
Kano, Winners Chapel, Benue and Winners Chapel,
Nairobi (Wonderland), Kenya to mention a few.
Winners Chapel, Nairobi is the largest church
auditorium in East and Central Africa and the
auditorium sits 20,000 worshippers. Reportedly worth N3.5
billion, it was dedicated in April 20, 2013.
Other assets of the church include four aircraft
(Gulfstream 1, 2 and 4 and a Lear jet) currently
each of the Gulfsteam worth N8 billion. That’s N24
billion while the Lear jet a old one was worth
N1billion.
During a Powerhouse Meeting in April 1982, David
Oyedepo listed seven areas where God had spoken
to him concerning the future of the ministry. He
stated that, “At the base of the commission will be a
tent which will sit 50,000 people”. He stated that
very soon there will be millions gathering at the
base to listen to the gospel. He added that he saw
them flying with the gospel on wings which showed
that soon the ministry will have her own aircraft. He
added that the whole world will soon be able to hear
the message of the commission from the base. At
that time, the internet as we know it today was not
in view. At the inception of the ministry, David
Oyedepo got instruction to commit the spoken word
into writing with the same measure of proof. This
led to the establishment of the Dominion Publishing
House which won the Economic Community of West
African States (ECOWAS) Gold Award in 1996, and
has produced over 7 million books till date.
Every December, Winners’ Chapel holds its annual
prophetic gathering, called Shiloh. The annual Shiloh
and normal church services at the Faith Tabernacle
can be viewed online real time approximately, over
500,000 people attend the Shiloh and if each of
them spent at least N2000 at the six days event,
that’s an average of N1 billion.
PROPERTIES WORTH
•Canaanland: N90 billion
•Ministry Jets: N25 billion
•Canaanland Housing Estate: N250 billion
•Annual tithes and offering: N31.2 billion
•Books: N1 billion
•Buses and cars: N600 million
•Goshen City: N10 billion
•Universities and schools: N15 billion
•Kenya 20000 seater auditorium: N3.5 billion
•Other structures such as Bakery,
Bible schools, Tapes&CDs, International
Houses (Guest Houses, Lodging Facilities and Private Quarters) and Network of Churches: N25 billion
TOTAL NET WORTH(ESTIMATED): N500.7 billion
I will bless you and you shall be a blessing…
The secret of this man of God is giving, tithing and
his passion for the advancement of God’s Kingdom
on earth.
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