Mathew Ashimolowo
Pastor Ashimolowo

Following widespread reports that the Kingsway International Christian Centre (KICC), a megachurch headed by Pastor Mathew Ashimolowo, lost $4.8 million to a Ponzi scheme, the church has issued a statement to say the pastor was not involved.

The statement described the article as unfortunate and damaging to the reputation of the pastor.

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The statement further said the church did make such an investment seven years ago. However, the pastor was not the one who made the investment. The investments were made by former trustees of the KICC.

“The attention of Pastor Matthew Ashimolowo and KICC has been drawn to publication in the media with the headline: ‘Pastor Matthew Ashimolowo loses $5million to Ponzi Scheme,” the statement read.

“We wish to state that the headline was unfortunate and misleading and has caused damage to the reputation of Pastor Ashimolowo.

”The sensational headline suggests that Pastor Matthew Ashimolowo lost $5million when infact he did not make the decision to invest.

“Pastor Matthew Ashimolowo is the Senior Pastor of KICC and not her trustee and has never been a trustee of KICC.”