The Charity Commission of the United Kingdom has taken decisive action against Mountain of Fire and Miracles Ministries International, a charity founded by Daniel Olukoya, due to concerns over its financial management and transparency. According to a statement released by the commission, an official inquiry was launched after detecting possible misuse of charitable funds.
The investigation revealed that the charity’s trustees failed to exercise proper supervision over more than 100 bank accounts operated independently by local branches. This lack of oversight led to significant financial issues, including inaccurate financial reporting and substantial risks to charitable funds. The commission’s report noted that the charity’s complex structure, which had expanded to over 90 locations nationwide, was a major contributor to these problems.
The report highlighted that local branches were acting autonomously, opening bank accounts and managing income without central oversight or timely reporting. Furthermore, branch offices were making significant financial decisions, including property purchases and lease agreements, without the knowledge or authorization of the trustees. This lack of governance resulted in financial losses within the charity’s operations.
As a result of its findings, the Charity Commission took action to freeze the charity’s assets to prevent further losses. This intervention is not the first time the commission has taken action against Mountain of Fire and Miracles Ministries International. In 2019, an interim manager was appointed to oversee the charity’s affairs due to ongoing financial irregularities and repeated late submissions of reports.
Similar administrative and financial concerns have also led to intervention in other charities, including Christ Embassy, led by Chris Oyakhilome. The Charity Commission’s actions underscore the importance of transparency and effective governance in charitable organizations. The commission’s decision to freeze the charity’s assets is a significant step towards protecting charitable funds and ensuring that they are used for their intended purposes.
