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RCCG Pastor Wale Adeduro Arrested For Stealing N50M From Cashcow Microfinance Bank In Lagos

rccg pastor arrested stealing 50M microfinance bank

January 22, 2017 – Pictures: RCCG Pastor Wale Adeduro Arrested For Stealing N50Million From Cashcow Microfinance Bank In Lagos

The Ex-Chairman of a Microfinance bank in Igbosere has been picked up by the police.

Dr Wale Adeduro who has been on the run since was arrested by the officials of Lagos Special Fraud Unit yesterday.

The suspect who is said to be a Pastor at the Redeemed Christian Church has managed to evade police arrest since 2014.

He was accused of stealing and diverting depositors money at Cashcow Microfinance Bank in Igbosere Lagos between 2010 and 2015.

Adeduro allegedly used the diverted funds totaling N50.4million for his own personal use.

He was also accused of using part of the stolen fund to acquire BDC Stillwater Limited, a Bureau de Change Company.

His 3 accomplices, Kemi Adebayo, Titilayo Adesanya and Olufemi Tinuoye were arraigned on September 24, 2015 in the absence of the forerunner.

pastor wale adeduro arrested

Pastor Wale Adeduro is currently being held at the Special Fraud Unit Office of Lagos State Police Command on Milverton Road in Ikoyi Lagos on the directive of the IGP.



  1. fifelomo

    January 22, 2017 at 9:04 PM

    Mchew, pastor of doom.

  2. Kingsley Ogubor

    January 22, 2017 at 10:10 PM

    He is not a pastor

  3. Big Aunty Koks

    January 22, 2017 at 10:11 PM

    Well, now he is “helping the police” we shall hear his side of the story. Welcome back Pastor !!!

  4. OLA

    January 23, 2017 at 2:07 AM


  5. roat

    January 23, 2017 at 5:12 AM

    Pastor is a woman being too. but his is not called by God

  6. Afo

    January 26, 2017 at 10:10 AM

    I wonder where this nonsense naijagist get their news from, I saw this guy man yesterday ministering on the alter at Lord Praise Sanctuary in osborne phase 2, ikoyi yesterday evening. So where is this news from, pls people lets be very careful about the news we carry around and how we insult men of God.

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