TB Joshua has a personal wealth of $10-15 million, says a BBC news report published last week, based on an article by a Forbes journalist.
To put this in perspective, 64% of the Nigerian population live below the international poverty line (earning $1.25 per day or less). An average Nigerian earning $1.25 a day would have to work for over two thousand years to earn what TB Joshua owns right now. Not bad for a humble country boy.
Here’s how SCOAN responded to the story:
We cannot be categorized among the wealthiest in Nigeria because what money we receive is not accumulated but rather given out to those who need it most. There is not enough to keep for tomorrow. As it comes, we give it for the needy.
This is blatantly untrue. Right, like thousands of ministries around the world, SCOAN runs charitable projects. Providing these projects are run accountably, this should be applauded. But the original article made clear the amount SCOAN spends on charitable work; the $10-15 million figure is purely TB Joshua’s personal wealth. Everything he has kept for himself. In addition, the author is a respected financial journalist whose estimate was backed up by TB Joshua’s own representatives. As he writes: “I contacted representatives for all of the pastors and all except Matthew Ashimolowo’s representative confirmed ownership of the assets I list .”
Mr Joshua owns over $10 million in a country of vast inequality and endemic corruption. He attracts thousands of visitors every week; often poor and desperate people who can barely afford the trip. Countless people, like commenter Mz Mwa and his companions (see comments on this post), return broke and decidedly unhealed. Is it not reasonable to ask questions about how he makes his money and how his church is kept financially accountable?
So, where did TB Joshua get his $10 million from? Let us know in the comments.