Panama Papers Expose T.B Joshua’s Shell Company in Tax Haven

Prophet T.B Joshua, one of Africa’s most influential preachers has been exposed to own an offshore company in tax haven in the British Virgin Island, the massive data leak from Mossack Fonseca, a Panama-based law firm, has revealed.

According to the document, the founder of the Synagogue Church of All Nations (SCOAN) Temitope Joshua, popularly called, T.B Joshua and his wife, Evelyn, own Chillon Consultancy Limited, a company incorporated on June 20, 2006 at the British Virgin Island (BVI).

“Both owners own one ordinary share each, although the company, with registration number 1033675, is authorized to issue a maximum “50,000 no par value Shares of a single class,” the leak states.
Though his church runs one of the most viewed television stations in Africa, Emmanuel TV, there is no indication that the station is linked with the offshore company.

The company is a shell company with no physical address in Tortola, the largest and most inhabited island at the British Virgin Island.

Chillon Consultancy Limited uses the office address of its registered agent, Mossack Fonseca (Akara Bldg., 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola) as its contact point in the British Virgin Island.

Mr Joshua is the second Nigerian mega preacher shown to have set up offshore companies in tax havens.

Premium Times had exposed Chris Oyakhilome, founder and leader of Christ Embassy, as incorporating Gmobile Nigeria Limited, an offshore firm in 2007, at the British Virgin Island.

The Preacher who commands respect from African leaders is reported to own a Gulfstream G550 aircraft worth over $45 million and which could gather up to $3m in yearly maintenance cost.