Worshipers Begin Special Prayer Sessions For Bishop David Oyedepo As Court Pegs March 25 To Rule On His Objection To N9b Deal Gone Sour Case

Firm believers in the spiritual standing of Bishop David Oyedepo, the founder of Living Faith Church – more popularly known as Winners Chapel – have kick started series of prayers for favourable outcome in what is about to be the first ruling in a court case that threatened all he stands for.

Valueline Securities and Investment Limited and its Managing Director, Samuel Enyinnaya had dragged the preacher to court over a N9billion deal gone sour.

The aggrieved business partner had amongst other’s alleged the popular pastor of using his influence to victimise him and general wreck his operation after wrongful termination of contractual agreement between them.

Bishop David Oyedepo

He also alleged his professional fees for services rendered remain unpaid.

Enyinnaya and his investment management company had slammed a court case on Bishop Oyedepo and other beneficiaries of his services including his wife, children and ministry to seek redress.

Here is a link for background – http://societynowng.com/Bishop-David-Oyedepo-Wife-Children-Relatives-Dragged-To-Court-Over-N9Billion-Investment-Deal-Gone-Sour

But Oyedepo through his lawyer, Chioma Okwuanyi is contesting the move.

A report sourced by societynowng.com provides insight into the counter move by Oyedepo

‘In the three grounds of objection, Okwuanyi contended that the Federal High Court lacked jurisdiction to adjudicate on a matter pertaining to capital market.

According to him, by the provisions of Section 34 of the Investment and Securities Act, only the Investment and Securities Tribunal had the vested authority to entertain a dispute between a capital market operator and his client.

Okwuanyi further submitted that if it was true, as the plaintiffs had said, that the matter was “a simple contract” bordering on investment portfolio management, the state High Court and not the Federal High Court had jurisdiction on the case.

Besides, the lawyer argued that the plaintiffs’ suit as presently constituted before Justice Mohammed Yunusa was premature, as the plaintiff had yet to explore all the avenues laid down to resolve such dispute before heading for the court.

“My Lord, what we are saying is that, going by the reliefs sought by the plaintiffs, they have said that this issue is a simple contract relating to investment portfolio management and our contention is that issues of simple contracts are never within the jurisdiction of the Federal High Court.’

The court pegged March 25 to rule on the objections raised.

Findings by societynowng.com revealed worshippers at his winners chapel with firm conviction prayer would help resolve the whole matter in their pastor’s favour – have started round the clock prayer to achieve this.

Sources confirm these group of individuals have started making a group of themselves and kick started voluntary prayer sessions to achieve their objective.