The EFCC, in an official statement, disclosed that Ebonyi utilized his position to deceive members of his church, as well as individuals and NGOs, with the promise of intervention projects valued at $2 billion from the Ford Foundation. Operating through his NGO, Theobarth Global Foundation, he claimed to facilitate support for the less-privileged in society.

The modus operandi involved convincing victims to subscribe as beneficiaries of a purported grant, requiring them to pay for registration forms and clusters. Each subscriber, according to the EFCC, was obligated to pay a staggering sum of N1,800,000 (One Million, Eight Hundred Thousand Naira only). Through this fraudulent scheme, Ebonyi allegedly amassed a staggering N1,391,040,274.31. The victims, innocent and unsuspecting Nigerians, as well as NGOs across the country, were taken advantage of in this elaborate scam.

However, the EFCC clarified that its investigations revealed no connection between Ebonyi and the Ford Foundation. The reputable organization explicitly disclaimed any relationship with him or his NGO, denouncing any affiliation or collaboration. The anti-graft agency further uncovered that Ebonyi had acquired five properties as proceeds of his illicit activities.

Despite the exposure of the fraudulent activities, the EFCC noted that Ebonyi is reportedly still attempting to reach his subscribers through various social media platforms to market the spurious Ford Foundation grant.

As investigations continue, the EFCC has affirmed its commitment to ensuring that justice is served in this case. Once the investigations are concluded, the faith leader will be charged to court, marking a significant development in the fight against financial crimes and fraud in Nigeria.