The founder of Christ Apostolic Church, Agbala Itura worldwide, Prophet Kayode Abiara, has said fraudsters have initiated a false investment scheme using his foundation, The Abiara Divine Foundation.

This, he said, was geared towards swindling unsuspecting members of the public.

The cleric, in a statement on Sunday, however, dissociated himself and his foundation from the illegal investment scheme.

In the statement signed by his son, Pastor Isaac Abiara, Abiara clarified that his foundation was not giving out money/investment, requiring beneficiaries to register with a bank account.

According to him, the foundation never asks anyone for such requirements and the foundation has no affiliation with any investment scheme.

The statement read: “It has come to our attention that there are false reports that The Abiara Divine Foundation is giving away money/investment with requirements to register with a bank account. Please note that this (scheme) is a fraud.

“Neither Papa S.K. Abiara, nor the foundation does not, and will not ask for anyone’s account information to give assistance. In addition, the foundation is not affiliated with any “investment scheme” from any financial institution.

“We have informed relevant authorities for an investigation into this matter.”