Elevation Church (TEC), a non-denominational Christian ministry, has clarified that it did not invest in Imagine Global Solutions Limited, a lending company.
There have recently been social media rumors that the church allegedly invested N500 million in the scheme, but the church has stated that “there is no iota of truth” in the speculations.”
According to reports, the founders of Imagine Global, Bamise Ajetumobi and Elizabeth Ajetunmobi, fled with billions of naira from their investors.
The company claimed to be one of the Central Bank of Nigeria’s licensed microfinance institutions (CBN).
Imagine Global was linked to PiggyVest, an online savings platform, but the company quickly denied the reports.
The trustees of The Elevation Church issued a statement urging the public to disregard the report.
They emphasized that the church has no commercial interest in or investment in Imagine Global.
“The attention of the Trustees of The Elevation Church has been drawn to an online news item purporting to directly link The Elevation Church (TEC) with a company known as Imagine Global Solutions Ltd (Imagine Lenders) as an investor; with an alleged investment sum of five hundred million naira,” the statement reads.
“We would ordinarily not respond or indeed join issues on such matters in the media. However, to prevent the public from misconstruing the silence of the Church as an admission of the unfounded publication, we, recognising the Church’s moral and legal obligation of accountability, probity and transparency in the conduct of her affairs, have decided to provide this response.
“The Elevation Church is an Incorporated Trustee registered under the extant Companies and Allied Matters Act (‘CAMA’) with the object of charities and the advancement of the kingdom of God.
“In other words, the mandate of the Church for the past eleven years of existence has been centred around the propagation of the gospel of Christ and meeting the spiritual and physical needs of members and non-members through charitable outreaches and programmes.
“It is in view of the foregoing that we refute in its entirety the publication that the Church has any business interest or investment in Imagine Global Solutions Ltd.
“We urge the public to totally disregard the report as there is no iota of truth in the publication. The Elevation Church has no such investment, whatsoever.”
