Home | Popular Nigerian Pastors | Matthew Ashimolowo

Matthew Ashimolowo

Font size: Decrease font Enlarge font

Matthew Ashimolowo (born 17 March 1952 in Nigeria) is the Senior Pastor of Kingsway International Christian Centre (KICC) in London.

His Winning Ways programme is aired daily on Premier Radio (London) and Spirit FM (Amsterdam) and on television in Nigeria, Ghana, Zimbabwe, TV Africa, the Trinity Broadcasting Network (TBN) and Europe on The God Channel and Inspirational Network.

Personal life

Forbes estimated Ashimolowo's net worth is at between $6-10 million. KICC annual accounts confirmed that he earns an annual salary of £100,000 but the majority of his wealth comes from the sale of Christian literature and documentaries from his media company, Matthew Ashimolowo media.

Financial irregularities

The charity behind Kingsway International Christian Centre is The King's Ministries Trust. This was investigated by the Charity Commission of England and Wales between 2002 and 2005. A report of the inquiry was released in October 2005. The report concluded that there had been serious misconduct and mismanagement in the administration of the charity. At an early stage in the investigation, it was considered that the charity's assets were at risk, and control was removed from the existing trustees and placed in the hands of an independent external company (the accountancy and management consultancy practice KPMG), who regularised the charity's affairs.

The report found that:

    * there was serious misconduct and mismanagement in the administration of the Charity (section 21)

    * he was responsible for approving payments and benefits to himself and his wife, Yemisi, totalling more than £384,000 (section 11)

    * he and his family received benefits from the Charity including:

          o free accommodation for himself and family (section 4)

          o an £80,000 car (section 12)

          o he had made personal purchases using the Charity’s Visa card, including the purchase of a timeshare apartment in Florida for £13,000 (section 18)

    * over half a million pounds was paid out to Ashimolowo's private companies, which were operated from church property and had unclear business relationships with the charity (section 15)

    * Ashimolowo acted as both a trustee and a paid employee of the charity (section 4)

He was ordered (section 34) to repay £200,000.

In a subsequent debate in the House of Lords, Lord Swinfen questioned the Charity Commission's running of this investigation. He acknowledged the technical breach, but highlighted its openness, "This unincorporated trust has for some years been remunerating its trustees for various services and doing so quite openly. It made the mistake of not realising that it should have altered its constitution explicitly to allow that to be done." He then questioned the cost of the investigation "With some advice from the commission and the use of the charity lawyer, the trustees of this charity could have affected these changes for some £12,000—one-hundredth of the sum the commission has already spent." He added "The commission believes, understandably, that the future success of this charity is assured by the charity having new trustees".

  • Email to a friend Email to a friend
  • Print version Print version
  • Plain text Plain text

Tagged as:

Matthew Ashimolowo, Kingsway International Christian Centre, Popular Nigerian Pastors

Rate this article


Breaking News

Indicted Companies, Their Owners

Many highly placed Nigerians who own some of the companies indicted for fuel subsidy offences are likely to be arraigned in court this week The stage ...

Still a Killing Field

Fear and grief take the centre stage again in Jos after another round of crisis leading to the death of more than140 persons including two ...

Battle to Save LGs

A presidential committee headed by retired Justice Alfa Belgore suggests ways to salvage the nation’s local governments from the over bearing influence of state governors The ...

Twist in the Akpabio’s Murder Case

The family of the murdered Akpabio brothers rejects the setting up of a security committee to investigate the multiple murder incident and demands explanation for ...

Akwa Ibom Triumphs

Cross River State loses its bid to reclaim 76 oil wells which it lost through its declassification as a littoral state For Godswill Akpabio, governor of ...

Danger at the Door

Fear of religious war looms as Boko Haram sect targets churches and Christians for attacks T he   ordination   ceremony of Matthew Hassan Kukah as the Catholic ...

Danger at the Door

Fear of religious war looms as Boko Haram sect targets churches and Christians for attacks T he   ordination   ceremony of Matthew Hassan Kukah as the Catholic ...

Christians Have a Right to Defend Themselves

Gabriel Osu, monsignor and director of communications, Catholic Archdiocese of Lagos, speaks to Anthony Akaeze, assistant editor, on a number of issues relating to the ...

It’s Not a War Against Christians

Lateef Adegbite, secretary general, Supreme Council for Islamic Affairs, speaks to Dike Onwuamaeze, principal staff writer, and Ishaya Ibrahim, staff writer, on Boko Haram. Excerpts: Newswatch: ...

On the Rise Again

Cases of kidnapping are again on the increase in Imo State There is an upsurge in kidnapping in Imo State. The cases are much more than ...