Gerrard59:
As much as I am a great fan of the Bishop, having private schools as the only source for quality education in Nigeria is not the best. We're unknowingly but inevitably creating an elitist system.

Public schools - which are accessible and affordable to all and sundries - should be the best in obtaining quality education. When the vast majority of the populace regardless of their income strive to send their wards to private schools, then there's a big problem.

Can bishop hijack govt like Buhari once did? Never. The man is just doing his part in a weak system.

Ekealterego:

Common sense should dictate to you that the mistake was a typo rather than my inability to string that sentence in a grammatically correct way.

Why are you talking about accounting?
Why have you chosen not to open your God given faculties.

My friend see eh, if you use money to purchase a piece of land, school or otherwise, the LAND VALUE is most likely to increase. Most building (that aren't monumental) would likely suffer depreciation.. the rate of depreciation may depend on the level of maintenance or quality of building.
I rest my case...

How many land Winners or Oyedepo sold if it even appreciates? Use what God gave you now.

Donkunxex:

Educated illiterate. No one tagged you. Stop ranting everywhere.
My post wasn't even about the owner of the building.

Haters are scared to talk straight now. . .

Doktajay5:


its so unfortunate how people like you fail to see the benefits of most of these things just because of ur hate for oyedepo.
Have you asked your self what happened to the standards of the government owned institutions that used to be available years back. I just saw a return to what i used to know about quality of sec. sch in these schools u hating oyedepo for, yet u cant see that just cos ur hate.

Have u considered the number of Nigerians employed in these schs? No, u r just particular about what u think oyedepo in benefiting. U think oyedepo is still at the level of counting money gains?? chai, sorry bro, wake up, free your brain from the yoke of poverty.

See human capital development, see economic growth, see quality of education as a tool to nation building, see significant reduction in the %age of unemployment in Nigeria.

Stop hating, have a vision in your life, pursue it, nurture like oyedepo did, feed it, grow it, sacrifice for it and build an empire for ur self and stop hating.
Your hate cant change anything but will only keep u myopic for life.

You talked of ur family sch, i want to ask u these questions. whats the staff strength of that sch.? whats the salary grade for degree holders if any. whats the capacity of managers/handlers of that school. how old is the oldest staff there and whats his/her salary. when last did the teachers there attend training and capacity building??

Am very sure u r comparing ur family's exploitation venture somewhere with all the low quality, cheap laborers to this grade A sch. just cos of ur hate for a man u can not reach his shoe height in your next 10th generation.
U need to help ur life. u r hard on ur self. as am seeing you, u r jobless and have refused to see opportunity in these schs. and key in.
U r just a hater. but u need to repent b4 u die of frustration.

Deep words for that surface dude.
As far back as 1985 Oyedepo had precise visions like live transmission of messages across nations of the earth and there was no commercial satellite technology then. That dude thinks people are actively and consciously planning to be poor.

eyinjuege:


Someone is paying for the supposed 'free' education and health care you enjoy in the UK. Its not exactly free. Someone's tax is paying for those freeloaders who don't work yet have access to all these 'free' things. Nothing is really ever free.
We are waiting for Brexit, and we'll see how things pan out in the UK. Many industries are already leaving in preparation for brexit, to tax friendlier countries.
A lot of services are being cut off from the NHS, and their citizens are having to go private health care now, save for emergency services.
A lot of their public schools are a joke now, and private schools in the UK are better than public schools. Grammar schools for the secondary schools are govt owned and good, but are only for an exclusive few ( The brilliant ones), and majority of others have to go to the public schools with little or no discipline. Things are changing dramatically now. Their children are no longer going to universities because of student loans which can kill. They don't produce enough Drs anymore, and are relying on Asian and African Drs to sustain their workforce in the healthcare.
Nothing is free in this life, and definitely not education.

God bless you for this.

.

Donkunxex:


You are just blabbing. Who is hating. Na your papa get the school ? I am a winner. I have been a winner since 2015 and I live very close to the church.. you are just shouting Upadan. Intelligent people talk less and listen more. Read my comment and the ones you quoted. It's getting annoying now.

You are denying your stance now...I like that.

adegeye38:

Nice 1 but d schools belong to living faith church, not bishop oyedepo

yes

gobuchinny:


I maintain that you op are very limited in knowledge..

Churches that are registered in Nigeria under the CAC are registered as Incorporated Trustees and therefore fall under the NGO categorization
NGOs and CSOs are supposed to be governed and managed by what is known as a Board of Trustees. These are the equivalent of what a shareholder/director would be in an incorporated company. The Trustees of an NGO or a CSO are responsible for the management and direction of the association.

So when i meant shareholders i meant board of trustees which always has their names in order of priority or prinicipal role of the NGO..

Learn bro..learn...

slowpoke, a board of trustee is not equivalent to a shareholder in a company. It is equivalent at best to a board of director. Stop displaying wholesale ignorance everywhere.

is nice he remembers giving back to the society.

I sincerely hope that the poor children whose parents contributed to make it come to fruition will be allowed to enter the premises talk more of the classroom to study?

Pls I wonder what happened to Ibadan sch?built and demolished.

.

gobuchinny:


You are daft

All property can be divided between real property and personal property. Real property includes real estate, land and anything permanently affixed to it, and the bundle of legal rights related to the real estate. Any new development of land, such as constructing buildings, is known as an improvement

i wont discuss this issue of appreciation of fixed assets again with you..lets face the original discuss.

You lack the wisdom to comprehend economics and thats not my fault because you skipped the class in school..

What a load of shít.
So the land value will compensate for the huge subsidy being expended to keep the school going.

Baselm:
The white men left their country to Africa, preached the gospel and built schools which offer quality education for free or very little. a black man who went to this free schools become a pastor and build schools for the very rich in the society. what is the percentage of Nigerians who can afford these schools?

For your information, this is what any businessman, Dangote, Elumelu will do, this has nothing to do with gospel or mission work. in the early church, they share everything within themselves, in our Nigerian churches, they collect from the poor to meet the needs of the rich

Is the white man still doing free education or cheap education? Stop talking off point here son.

CioAngels:
I sincerely hope that the poor children whose parents contributed to make it come to fruition will be allowed to enter the premises talk more of the classroom to study?

As cheap as unilag ans ui are, can every tax payer afford them?
Your logic is flawed sir.

HigherEd:

slowpoke, a board of trustee is not equivalent to a shareholder in a company. It is equivalent at best to a board of director. Stop displaying wholesale ignorance everywhere.

Let me educate you since you refuse to be smart..,a board of directors for a publicly quoted company like banks are nominated by the stakeholders or share holders to govern the affairs of the corporation but board of directors for a limited liability or private company are actually the shareholders hence in the CAC it carries the total allocated shares but for an NGO it's called board of trustees and if you have seen actual CAC registration of churches you will understand.

Board of trustees for this churches function in the same capacity as shareholders hence I used the words interchangeable in my previous post...it's like saying a principal for a secondary school and head teacher for primary school and vice chancellor for a uni ..same roles different preview...

A banker in the house can assist me to clear your ignorance..most churches have the names of their wife and children as the board as I'm privy to churches CAC being an account officer of a commercial bank for some years

But as the churches grow and they branch out they include other trustees for new enterprises like say XYZ CHURCH UNITED owned by XYZ CHURCH WORLDWIDE which originally has the church founder and his family as trustees.....so in essense XYZ CHURCH WORLDWIDE owns XYZ CHURCH UNITED.....now LFC CHURCH owns the school but who are the trustees of LFC and who is the principal...Oyedepo is the owner of winners sir beleive it or not...his the owner of all the school and everything..,abi iz it for you family

There is always a parent company or church name 5HAT every other thing is linked back to ..even if CU is registered and the board of trustees does not have Oyedepo name,,,CU is owned by a parent body that has OYEDEPO sitting as the principal office of the board of trustee ..that's how it works like shell companies..you have to unveil all the shells to get the actual owner the purpose is to deceive uninformed people like you who think the church is owned by Father Son and Holy Spirit

Brain washed individual

jesmond3945:
i am sorry for you, the quest for money has brainwashed you. So why is he not doing any other thing apart from education. So he built a world standard lab just to make money? So you think education is a business venture? Anybody that takes a education as a biz venture always settle for less. Look at madonna university and other mushroom university. So church offerring is what he is using to pay the russinan trained vc and other foreigners? So why are churches running schools? Do you know what is western civilization? Church and education. Thats what the missionaries used to bring their culture here.With aall due respect you talk like an onitsha based trader. I pray you change your thinking.

And you sir talk like a job seeker ..I think my problem is I'm in convo with babies in business.,men who don't know nothing about business..we walk the talk..

Lemme educate you..education is a viable business for any business minded individual who has the capital to venture in and knowledge to oprerate same..now church have the intangible assets and human capital which is part of the foundation to run a school hence making many churches run educational organisations..

Iz like a mechanic who branches out to selling parts,.he already has the clientele base to sell the part too. thats utilising your value chain in production

These schools must run on their own meaning the income statement must be more than expenses..initially the schools might need intervention for 1 or 2 years it depends but Oyedepo is awash with fresh funds from the sheeple...some school owhere get dis from loans or from their personal balance sheet to intervene in the business

The truth is the schools are good and meeting a need but it's like a business bro...and a business must make money and be profitable..it's not an NGO and it runs fully on a profitable business model

Your father in the Lord gets these monies for free...

Sibrah:
What a load of shít.
So the land value will compensate for the huge subsidy being expended to keep the school going.

There r no subsidiaries on the schools..and yes in the next 20 years the value of land will read in their balance sheet at prevailing market rate and infact starting from their next balance sheet as fixed assets must reflect...have you seen a balance sheet before ..I think not

gobuchinny:


Let me educate you since you refuse to be smart..,a board of directors for a publicly quoted company like banks are nominated by the stakeholders or share holders to govern the affairs of the corporation but board of directors for a limited liability or private company are actually the shareholders hence in the CAC it carries the total allocated shares but for an NGO it's called board of trustees and if you have seen actual CAC registration of churches you will understand.

Board of trustees for this churches function in the same capacity as shareholders hence I used the words interchangeable in my previous post...it's like saying a principal for a secondary school and head teacher for primary school and vice chancellor for a uni ..same roles different preview...

A banker in the house can assist me to clear your ignorance..most churches have the names of their wife and children as the board as I'm privy to churches CAC being an account officer of a commercial bank for some years

But as the churches grow and they branch out they include other trustees for new enterprises like say XYZ CHURCH UNITED owned by XYZ CHURCH WORLDWIDE which originally has the church founder and his family as trustees.....so in essense XYZ CHURCH WORLDWIDE owns XYZ CHURCH UNITED.....now LFC CHURCH owns the school but who are the trustees of LFC and who is the principal...Oyedepo is the owner of winners sir beleive it or not...his the owner of all the school and everything..,abi iz it for you family

There is always a parent company or church name 5HAT every other thing is linked back to ..even if CU is registered and the board of trustees does not have Oyedepo name,,,CU is owned by a parent body that has OYEDEPO sitting as the principal office of the board of trustee ..that's how it works like shell companies..you have to unveil all the shells to get the actual owner the purpose is to deceive uninformed people like you who think the church is owned by Father Son and Holy Spirit

Brain washed individual

You are still a fool. A BOD does not have to be a shareholder. A shareholder is part owner of a for profit company with allocated stakes - he may or may not be part of the management of the company.

A board of director is a member of the governing board of the company and is comparable to a trustee. A trustee and director are appointed and can be sacked. A shareholder cannot be sacked.
That a church has trustees doesn't equate it with a stakeholder or does it connote for profit.

For example Elumelu can be sacked as a director of UBA but he can't be removed as the majority shareholder.

This invariably means Oyedepo can be sacked by the trustees of winners if they desire to, making any claims to the church properties illegitimate.
Even a mosque has trustees registered with CAC but I don't expect you to understand that.

gobuchinny:


My good sir I like you matured points. however, he should not be commended because its just a business for him..y r we acting like his doing Nigeria a favour? CU is charged at a premium so its a business...who benefits from the proceeds of this business..its his family..how can you use tithes and offerings to build school privatized in your familys holding and expect I clap for him?

If the schools were free or subsidised then it might be understood but the school makes profit...not to talk about the real estate that is registered in his families holding...

Besides he doesn't collect from a few but ALL...if you r not tithing or paying offering I doubt you r a serious member as Papa would tell you that himself

Your points are moot. You have no idea of the school fees, whether it's subsidized or not , scholarship etc. yet you criticise your hateis obvious

gobuchinny:


There r no subsidiaries on the schools..and yes in the next 20 years the value of land will read in their balance sheet at prevailing market rate and infact starting from their next balance sheet as fixed assets must reflect...have you seen a balance sheet before ..I think not

There are subsidiaries on the school. CU receives 2 billion naira per year from winners. Stop talking about value of land church never sells their properties so market value of real estate is irrelevant.

HigherEd:

You are still a fool. A BOD does not have to be a shareholder. A shareholder is part owner of a for profit company with allocated stakes - he may or may not be part of the management of the company.

A board of director is a member of the governing board of the company and is comparable to a trustee. A trustee and director are appointed and can be sacked. A shareholder cannot be sacked.
That a church has trustees doesn't equate it with a stakeholder or does it connote for profit. Even a mosque has trustees registered with CAC but I don't expect you to understand that.

With this comment I'm certain you don't Ave a registered LTD

WHEN you register a Ltd who do you use as directors...for one man business they use their children or relatives and allocate share freely..this is just for regulatory purposes...the real owners know themselves same is applicable to churches....if I hear them dissolve trustees..

You are just sounding smart but don't have real life experiences..it's only in publicly quoted companies ie companies that can trade of the stock market that is heavily applicable and regulsted too..the board is dissolved after a tenor say 5 years and new board inungurated...but in your church d same people can sit as trustees till eternity unless there is disagreement and is kicked out

I'M done trying to education you Bro. ..you just have book knowledge but not practical..you have been brainwashed by your father in the lord

AlPeter:
Your points are moot. You have no idea of the school fees, whether it's subsidized or not , scholarship etc. yet you criticise your hateis obvious

CU charges at a premium...extremely expensive so tell me where the subsidy is? I know they have allocated space for scholarship and what not but like I said small space that the deacons fraudulently allocate

HigherEd:

You are still a fool. A BOD does not have to be a shareholder. A shareholder is part owner of a for profit company with allocated stakes - he may or may not be part of the management of the company.

A board of director is a member of the governing board of the company and is comparable to a trustee. A trustee and director are appointed and can be sacked. A shareholder cannot be sacked.
That a church has trustees doesn't equate it with a stakeholder or does it connote for profit.

For example Elumelu can be sacked as a director of UBA but he can't be removed as the majority shareholder.

This invariably means Oyedepo can be sacked by the trustees of winners if they desire to, making any claims to the church properties illegitimate.
Even a mosque has trustees registered with CAC but I don't expect you to understand that.

You r so ignorant..I have been saying it since that's it's only company publicly quoted that it regulated is your church public? For you to compare UBA and trustees shows me you are dumb and not informed

You guys argue ignorantly? Chaiiiii..just negodu wetin you dey talk

UBA is a PLC and the workings of PLC are not such with incorporated or LTD....

LEARN BRO LEARN

sack Oyedepo? Joker

okikigsm:
Pls I wonder what happened to Ibadan sch?built and demolished.

It was demolished?

The students there where moved to omu aran...

CodeTemplar:

Did RCCG founder build one for himself?
Instead of admitting your flaw in not knowing how lands a treated in the books of schools you are here ranting like a cocaine laced squirrel.

How land is treated in the books of schools

Wow boy you should apply for scalarship in FA..You need it...I won't respond to you again your IQ is questionable

Be intelligent bro at least d man you fighting for is..y hasn't it robbed off on you?

gobuchinny:



CU charges at a premium...extremely expensive so tell me where the subsidy is? I know they have allocated space for scholarship and what not but like I said small space that the deacons fraudulently allocate

I am talking of the secondary school. from what I am seeing the school should be about 1.2million any thing less then the school deserves praise. Also must churches are structured in such a way that it's difficult for the founders to just be eating off the church save a few churches. I know this well.

AlPeter:
I am talking of the secondary school. from what I am seeing the school should be about 1.2million any thing less then the school deserves praise. Also must churches are structured in such a way that it's difficult for the founders to just be eating off the church save a few churches. I know this well.

I'm talking of CU...and no FA academy in my area cannot be 1.2m if not noone will come..just joking people will go if its 4m thas becos of the intangible assets. ..codetemplar come and learn oooo..yes I agree as regards the structure but also there r incentives and allocations and also lifelong accruals...even structured businesses are such that the founders cannot just dip hand and collect but the point is he calls the shots

gobuchinny:


I'm talking of CU...and no FA academy in my area cannot be 1.2m if not noone will come..just joking people will go if its 4m thas becos of the intangible assets. ..codetemplar come and learn oooo..yes I agree as regards the structure but also there r incentives and allocations and also lifelong accruals...even structured businesses are such that the founders cannot just dip hand and collect but the point is he calls the shots

I agree but Winners Chapel happens to be one of the churches I respect when it comes to giving to the needy in society they have a lot going that even must members are not aware of... there are a few others like that I am aware of.

CodeTemplar:
Thank you. This guy is trying to claim the land on which the school will be build appreciates and the cost can offset all huge subsidizes towards making the school less expensive.
How can church take a seed of #10,000 and turn it into N1.2m subsidy and do this for hundreds of thousands yearly.

gobuchinny:


And you sir talk like a job seeker ..I think my problem is I'm in convo with babies in business.,men who don't know nothing about business..we walk the talk..

Lemme educate you..education is a viable business for any business minded individual who has the capital to venture in and knowledge to oprerate same..now church have the intangible assets and human capital which is part of the foundation to run a school hence making many churches run educational organisations..

Iz like a mechanic who branches out to selling parts,.he already has the clientele base to sell the part too. thats utilising your value chain in production

These schools must run on their own meaning the income statement must be more than expenses..initially the schools might need intervention for 1 or 2 years it depends but Oyedepo is awash with fresh funds from the sheeple...some school owhere get dis from loans or from their personal balance sheet to intervene in the business

The truth is the schools are good and meeting a need but it's like a business bro...and a business must make money and be profitable..it's not an NGO and it runs fully on a profitable business model

Your father in the Lord gets these monies for free...

i am sorry for you, you guys chase money so tey even the tissue paper in the toilet is money to you. Okay can you be my accountant and count this money for me.