Feature/OPED
What Pentecostal Pastors Have in Common With Politicians
By Michael Owhoko, PhD
The disparity of roles between ecclesiastics and politicians is generally expected to translate to differences in values, lifestyles and creeds, but this pattern has been disrupted and bridged in Nigeria by materialism. Moral disconnects, lust and insatiability for money, wealth, fame, influence and power have conspired to bring the men of God to the level of politicians. This is evident in the Pentecostal ministries where some founding pastors and general overseers {GOs} no longer exhibit ascetic dispositions and restraints from material allures.
Men of God are ordained servants positioned to constantly communicate God’s values and the work of Jesus Christ for the redemption of mankind with humility and sacrifice, not as businessmen and women with devotion of brewed capitalists, displaying affluence like politicians. Politicians are elected political office holders with the responsibility of running the government to primarily provide welfare and security of lives and properties for the people, but opt to make politics a career and business for generating wealth for themselves.
With similarities in affluence and avarice, both pastors and politicians now operate in the same frequencies. They buy private jets, lodge in diplomatic suits in 5-star hotels during local and foreign travels, send their children to expensive schools abroad, buy houses abroad, procure citizenship of foreign countries for themselves and immediate families, live in highbrow areas, enjoy retinue of domestic staff, and site projects funded with church or government money in their villages and home towns.
Besides, they also drive expensive exotic cars and SUVs with convoys of security escorts for protection. The use of escorts by politicians is understandable because they are vulnerable to public attacks owing to the lifestyle of lies and deceit. But where men of God who preach truth and regularly assure members of divine protection, fail to invoke celestial powers on themselves, but rely on security agencies for defence, leaves much to be desired.
The process for funding their voracious and lavish lifestyles is similar. While politicians deploy all sorts of illusions to embezzle public funds, including the collection and diversion of constituency funds for private interests, some men of God obtain a pecuniary advantage over their members through hoaxes, guilt and fear. They ensure management of tithes, offerings, seeds and first fruit are under their exclusive preserve, including compelled donations orchestrated to look voluntary, but mechanically designed to appeal to the emotions of congregates.
There is no accountability and transparency. Financial management and utilization of these sources of income are shrouded in secrecy, except to the knowledge of immediate families of pastors and GOs or a few carefully selected loyal church members. Members are generally advised not to ask questions on how finances are utilized, as enquiries are viewed as recalcitrant handwork of the devil, and attract consequences ranging from warning, suspension or outright expulsion.
Abroad, the church’s offerings and tithes are classified as charity funds. There is transparency and accountability. Members are at liberty to ask for receipts for such levies, as they serve as evidence of contributions to charity. Such receipts are presented to the government for purposes of tax rebates, enabling members to enjoy tax relief.
Pentecostal churches are not liable to members on how levies and contributions are managed, just like the government where there is no accountability and transparency. Political officeholders use public funds as personal incomes to service their lives. When citizens demand accountability over the management of revenues in the face of glaring corruption, politicians in power are quick to accuse or label such persons as agents of destabilization working for opposition parties. When such criticism persists, such citizens are either hounded, warned, blackmailed, intimated or silenced, using state security apparatus.
Due to seemingly shared values, politicians who contested elections and won through rigging and other fraudulent processes, are offered opportunities in the Pentecostal churches to offer thanksgiving to God for a “successful” election. They are even allowed to step on the pulpit to share testimonies and minister to the congregation, with prayers offered to them thereafter, and sometimes, along with prophesies. Before departure, the politicians make donations to the church, most of which are redeemed with looted funds.
Looted funds are accepted as donations, gifts, seeds, tithes or offerings. Pastors and GOs are not bothered about the sources of funds nor the integrity or character of donors. As long as it swells the revenue base of the church, it is acceptable. This is the attraction accounting for the proliferation of Pentecostal churches in Nigeria. It is doubtful if the Nigerian Bureau of Statistics {NBC} knows the exact number of these churches. They target locations populated by high net-worth individuals to set up branches to grow their finances, as against rural areas inhabited by the poor. Lekki in Lagos is a major target, accounting for the high presence of key Pentecostal churches.
While politicians have made politics a lucrative business, violating the purpose of government for selfish interests and gains, these men of God in the Pentecostal movement have also made the gospel a business, failing to resist the lure of earthly wealth under the guise of kingdom expansion pursuit. While it is true 1 Corinthians nine: 13-14 says preachers can live from the gospel, making it an obligation for church members to support their pastors, men of God have taken this verse out of context by taking advantage of vulnerability and ignorance of members to fund their ostentatious and extravagant lifestyles.
The need to sustain and maintain their expensive lifestyles is also responsible for the absence of clear succession plans. Having tasted power, money and influence, the typical politician is afraid to relinquish office. Where he is statutorily required to do so, resorts to picking his child or wife or relation or a sponsored successor to take over from him. For them, it is difficult to let go of the wealth and juicy opportunities associated with their offices.
Founding Pentecostal pastors and GOs also deploy similar methods to perpetuate themselves in office. They have no clear succession plans, preferring to foist themselves on the congregates in perpetuity, pretending to be waiting for the Lord to choose a successor, when in fact, they have their children or wives in mind, whom they groom to take over. They cannot afford to hand over the huge finances of the church to an “outsider”. It is the reason a Pentecostal church hardly survives beyond the life of its founder, as it slowly slides into extinction after his or her demise.
Also, while politicians regale their audience with promises of taking them out of poverty as a strategy to secure their votes, some of these Pentecostal pastors create false hope for members for prosperity as a strategy for church growth. Rather than encourage congregates to acquire skills to enable them to offer services and products, they organize prayer programmes where they are asked to sow seed, which only enriches the pastors but depletes the poor. They know wealth cannot be created through prayers, yet, members are advised to exercise faith.
Unfortunately, donations, levies and other revenues contributed by members of the church are not fully used for kingdom expansion but diverted and invested in private family commercial businesses registered in family names. Returns from these investments are also not fully ploughed into the church but partly reinvested into other businesses, including real estate, stocks, manufacturing, and even aviation where underutilized private jets are leased for commercial purposes.
Implicitly, there are now obvious blurred lines between spiritual and temporal dimensions fueled by material pursuits involving Pentecostal pastors and politicians. Existential gaps between them have continued to be narrowed by shared values, exacerbated by materialism. The underpinning motive behind this seeming convergence is prosperity, covertly wrapped under the guise of bringing succour to the people, which is currently posing a serious reputation threat to the Pentecostal movement, and reshaping it to conjure an image of hypocrisy. It is indeed, an unhelpful development.
Sadly, the affluence associated with pastoral office is also currently having a ring on the minds of church members who are enrolled in Bible Colleges. Most of them now look forward to establishing their church upon graduation. They also want to “blow” like their pastors who project their stupendous wealth as a product of divine favour, prompting them to want to set aside divine ordinances and protocols to commence their ministries, rather than wait to be called by the Lord.
Dr. Mike Owhoko, Lagos-based public policy analyst, author, and journalist can be reached at www.mikeowhoko.com and followed on X {formerly Twitter} @michaelowhoko.
By Tony Ogunlowo
‘Titanic’ can mean something that is very big, gigantic or enormous and it was also the name of a ship that sank on its maiden voyage.
When the Titanic sank in 1912 it sank due to a number of avoidable factors: a ship deemed unsinkable that wasn’t fitted with watertight compartments, a ‘unprofessional’ seasoned captain who was apparently bullied into going at full speed through known ice-berg strewn waters, lack of common binoculars for the deck watch and the unavailability of enough life boats for all the passengers.
This all put together, as they say, was a recipe for disaster. Red flags were ignored.
Translating this to President Tinubu’s modern-day Nigeria, the avoidable factors that can sink the country are way too obvious.
Nigerians have long enjoyed the benefits of fuel subsidy. Costly as it is to maintain it’s enabled the economy to keep running by keeping the cost of things low. It’s removal, as can be seen, has created a domino effect, as the experts predicted, resulting in the prices of even the basic commodities skyrocketing as everyone passes on the additional costs.
With inflation currently at 32.7% and still rising, things are only going to keep on getting more and more expensive. As a result, the new minimum wage of N70,000 will have less purchasing power than the previous 2021 minimum wage of N30,000. If fuel subsidy removal was meant to boost the economy it has done the opposite and will stagnate any efforts to kickstart it.
The governments inability to control corruption or severely punish corrupt officials which is robbing the country’s coffers of billions and billions of Naira every year is a stumbling block for development.
If a corrupt government official who built 750 houses with stolen funds or an ex-governor accused of misappropriating N80 billion are allowed to walk around freely, supposedly on bail, without fear of eventual conviction it questions the message the government is sending out to future looters: if the culprits were in Russia or China the outcome will be totally different.
Even though an austerity economic policy may seem harsh like it was designed to rob Peter to pay Paul, it should be short, sharp hardship with green pastures in the foreseeable future – not ever! A good start will be to cut down on the number of foreign loans being obtained every year as their repayment can take a huge chunk out of the country’s annual income.
The new tax laws are long overdue and it should include that VAT earned in a state stays in that state: so, if your state doesn’t generate any VAT (- such as from the sale of alcohol products) you don’t get to share in what other states have collected.
Insecurity in the country is not something that started yesterday. Previous governments have blood on their hands for not nipping these insurrections in the bud before they grew to become monstrosities. You don’t pat yourself on the back, like the Nigerian Army likes to do believing you have the threat ‘under control’ – you eliminate the threat completely using what ever means necessary.
Unless the order (given by ‘Somebody’) is not to destroy them completely and to quote the late Sani Abacha,”…any insurgency that lasts more than 24 hours, a government official has a hand in it..”, no wonder Boko Haram continues to flourish and bandits like Turji Bello continue to taut the government. When the armed robber Lawrence Anini did something similar in 1986 he was fished out within months, tried and executed.
As I’ve written before the Nigerian Police Force is long past its sell by date and considering the ever growing population of Nigeria with its associated acts of anti-social behaviour its time to seriously consider devolving the NPF into state-run outfits. The growing popularity of state-run security outfits, such as Amotekun, proves this is feasible and effective.
Considering the fact the country is going through severe economic hardship the President, himself, should curb frivolous spending where possible: no more new Presidential yachts or planes ( – that includes the new one for the VP), a cap on ridiculous-no-real-job SA and SSA appointments and most important of all a cap on ALL politicians salaries and perks (which is to say if politicians are patriotic enough they’ll agree to a pay cut, forgo some of their benefits and pay for their own jaunts abroad).
Implementing the Steve Oronsaye Report which recommends merging and closing of ministries etc that has been passed over by every President since President Goodluck commissioned it in 2011 will cut government operating costs even further. This should not just be at Presidential level but extended to all the states: this will not just streamline the bloated and largely inefficient civil service but will also weed out ghost workers and white elephant project.
The ‘japa’ movement which the government is trying to discourage should be allowed to continue. It’s morally wrong for a government that can’t provide suitable employment for its citizens to try and prevent them from seeking opportunities abroad : ‘japa’ is not just limited to Nigerians, it’s a worldwide phenomenon.
People, British, American, Filipinos, are migrating worldwide to where ever there are opportunities for them to prosper. That’s the way the world works now: nobody is going to stay in a ‘sh*t-hole’ country if there are no opportunities for them to grow. Scr3w patriotism! It’s every man for himself! So, if a country can’t provide adequate employment opportunities people will pack their bags and ‘japa’! And if you restrict them from leaving the country what are they going to do? Get up to mischief – 419, cultism, kidnapping!
These same people send money back to their home countries all the time: Nigerians in diaspora in 2023 alone sent home more than $19.5 Billion Dollars. This is a huge injection of foreign currency for a country that desperately needs it.
So, just like the Titanic the warning signs are there and the inevitable that will happen should they be ignored. The question is which way is President Tinubu going to go. This is what I call the ‘Titanic Wahala’, ignore the obvious and the proverbial will hit the fan, sooner or later.
Feature/OPED
From Rental Shifts to AI Innovations: The Evolving Landscape of South Africa’s Property Sector
By Waldo Marcus
The past year has been challenging for property investors, with a sluggish economy slowing residential rental escalations in most regions in 2024.
Rental escalations are likely to be applied cautiously in 2025 to avoid vacancies, particularly given the potential for a decline in demand for rental properties as tenants, motivated by lower interest rates, migrate to property owners.
Lower rental returns will see investors looking at alternative ways to generate improved income from their investments. Short-term holiday rentals have impacted rental prices in tourist destinations, with higher rental income achieved in peak holiday times, pricing out consumers looking for long-term rental property. This trend, especially in the Western Cape, has some lobbyists calling for stricter regulations to protect consumers from inflated rental prices and a lack of affordable rental supply. SA Tourism has requested better transparency from platform providers. The risk for bond providers is that investors are financing these properties based on current tourism trends and rental income, which relies heavily on the success of platforms like Airbnb.
Consumption changes are driving commercial property growth
The commercial property sector grew in 2024 and this positive trajectory is expected to continue in 2025 as interest rates are lowered. Property developers are focusing on convenient neighbourhood retail and merging with online retailer needs. In urban areas, convenience and easy access are prioritised, while larger developments are succeeding in rural, underserved areas.
Industrial properties, particularly logistics and warehousing in the Western Cape, KwaZulu-Natal and Gauteng, continue to outperform other commercial sectors. Secure and well-serviced industrial parks are in demand and expected to grow. However, traditional industrial areas around Johannesburg and the Pretoria CBD face a value collapse due to security risks and inadequate infrastructure maintenance to service the nodes.
ESG is likely to become a high-value agenda item for commercial property investors in 2025 to ensure compliance and reduce operating costs. The latest SAPOA Operating Cost Report reveals that 29% of operating expenses go to electricity costs and 23% to property taxes.
The risk of leakages
Water shortages are the next big challenge, posing a significant risk to property owners. Government and municipalities must act before it becomes another catastrophic reality like Eskom. Addressing water shortages is a dual challenge requiring both the building of and better maintenance of water infrastructure, including sewage treatment plants, and longer-term, the creation of additional reservoirs to keep up with population growth and mitigate climate change risks.
Leakages extend beyond water. Revenue leakages include missed recoveries, escalations, lease changes, and renewal options, to name a few. Increased regulatory requirements have resulted in more time being spent on compliance, and this is not expected to ease. Regulatory and compliance changes and demands on property-related companies remove valuable focus and resources from internal due diligence and processes to prevent revenue and recovery leakages. We predict more organisations will invest in technology resources to identify revenue leakages and focus on tools to drive operating costs down.
The Revolution of AI in the Property Sector
Technology – particularly AI – has become indispensable to the property sector, from AI-powered marketing and presentation tools to automated management systems. While these advancements streamline operations and enhance decision-making, they also introduce new challenges, particularly in data security and risk management.
As we move into 2025, property companies must carefully consider the appropriate balance between AI and human expertise. By striking this balance and implementing robust data protection measures, organisations can harness the power of AI while preserving their brand authenticity and competitive edge.
The Necessity of diversity in Decision-Making
Property investment is a complex and often high-stakes endeavour. As a fixed asset with emotional and financial implications, property valuations and transactions can be challenging. Recent shifts in market perception have further complicated the landscape, with divergent opinions on property’s potential as a wealth generator or alternately, a financial drain.
To navigate this complex market, accurate and reliable data is essential. Mitigating bias and leveraging diverse perspectives allows investors to make more informed decisions. Access to neutral, data-driven insights from respected sources can help uncover hidden opportunities and avoid costly mistakes.
As the property market evolves, tools and information available to investors must also adapt. Companies of all sizes are increasingly recognizing the importance of accurate, accessible, and representative data. They are investing in reliable external data sources to gain a competitive edge and make more strategic decisions.
The lingering effects of high interest rates
Persistently high interest rates raised the cost of credit and placed additional pressure on already strained consumers and businesses. They also dissuaded residential property acquisitions, leading to fewer home loan applications and a decline in the transfer of both bonded and unbonded properties in 2024. Lightstone data reveals that first-time buyer volumes slumped by 20% in 2023.
While welcome, the first two interest rate cuts will take time to filter through to residential property acquisitions. Encouragingly, demand from first-time home buyers appears to be recovering slowly with ooba Home Loans noting a rise in applications to 49.6% in September 2024, the highest reading since November 2022. We expect residential property sales to accelerate in 2025 as interest rate relief starts to filter through, albeit at a slower pace in dysfunctional municipalities.
Individual investors are increasingly choosing to maintain smaller portfolios and using tax-efficient structures such as companies and trusts. TPN anticipates that this trend will persist into 2025. Demand for buy-to-let properties has risen since late 2021, particularly in the Western Cape, followed by the Eastern Cape and Tshwane. Although this trend is expected to continue, it may slow down around mid-2025 as demand shifts from rental properties to ownership.
Municipal performance linked to property value creation
Service delivery quality, infrastructure and the maintenance of that infrastructure impact the value of property types. Well-run municipalities will continue to attract investment. Since 2020, semigration has highlighted the successes and failures of provinces and cities, resulting in decreased revenue collections for some of South Africa’s largest municipalities.
Safety and security continue to influence where South Africans choose to live and work, impacting both the residential and commercial property landscape. Mixed-use developments, secure estates, sectional title properties, and commercial parks offering efficient ways to provide enhanced security, service delivery, productive infrastructure, and maintenance spending will continue to be in demand.
An important consideration that will become increasingly significant in 2025 is the quality and accessibility of the lifestyle available in certain areas. Well-maintained and safe parks, public spaces, beaches, dams, lakes, and other recreational facilities will make these areas more appealing to tenants, businesses, and investors.
The outlook for property KPIs
Residential vacancies are expected to increase in the latter half of 2025 due to lower interest rates and improved consumer confidence. Office and retail vacancies are likely to remain stable in the first half of 2025 but will decrease should business confidence improve and if GDP targets are met. Industrial property vacancies will remain low as demand remains strong, especially in the Western Cape and infrastructure development nodes in Gauteng and KwaZulu-Natal.
Rental escalations for commercial and residential properties will improve in the first half of 2025. Investors will be keen to enhance their returns after a period of sluggish economic performance with slightly healthier consumers offering the opportunity to grow rental income strategically.
The good standing of both commercial and residential tenants is expected to continue to improve as landlords use stricter vetting and collection strategies.
Rental property gross yields will, on average, stay the same as property values are expected to increase in line with rental income. The challenge for investors will be to keep operating costs down to maintain or improve net yields.
A favourable outlook for residential housing market
The outlook for the residential housing market is more favourable for 2025 than it has been for the past few years with the property market offering good value overall. The interest rate will likely be cut by a further 50bps by the third quarter of 2025, offering further relief for household finances and renewed activity at both the lower and upper ends of the market. More investments could see an increase in rental property supply and even a potential decline in rental demand as more consumers shift from renting to buying. We expect continued demand for well-managed rental properties.
Waldo Marcus is a Director at TPN from MRI Software
Ever wondered where to find trendy fashion, cutting-edge tech, or stylish home decor at unbeatable prices? Look no further than Temu.
What is Temu?
Temu, an online marketplace sensation, has taken the world by storm with its vast array of products, competitive prices, and user-friendly platform.
Since its 2022 launch, it has quickly become a global sensation, boasting hundreds of millions of downloads and catering to over 80 markets. Now, Nigerian shoppers can experience the Temu magic firsthand.
This guide will walk you through the Temu shopping experience, ensuring a smooth journey from product discovery to delivery.
Step 1: CREATE AN ACCOUNT TO UNLOCK SMART SHOPPING
The registration process
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Mobile app vs. desktop: Which platform offers the best shopping experience?
Both the mobile app and desktop website offer a seamless shopping experience. However, for a truly dynamic and interactive shopping journey, we recommend the mobile app. You will enjoy real-time price alerts, exclusive mobile deals, and easy order tracking.
For a more deliberate shopping experience, the desktop website is the perfect choice. With larger screens and easy-to-use comparison features, you can take your time and make informed decisions.
Step 2: BROWSING AND SHOPPING LIKE A PRO
Navigating Temu’s vast selection
Temu offers a vast selection of over 200 product categories, from fashion and tech to home goods and beauty.
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Best-selling products
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Other metrics beyond rankings
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Finding your perfect fit
Temu provides detailed size guides to help shoppers find the perfect fit, particularly for clothing and accessories. These guides often include measurements, comparison charts, and sometimes even virtual fitting tools to make your online shopping experience seamless.
Save more, shop smart
Simplify your shopping and maximise your savings with Temu. All discounts are displayed directly on product pages. For the best deals, explore the platform’s Lightning Deals. To ensure satisfaction, pay attention to details, read descriptions, verify measurements, understand features, and consult seller ratings and reviews.
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Shopping safely and securely
Temu offers a variety of payment methods, including popular credit cards and digital wallets like Visa, Mastercard, American Express, Maestro, Discover, JCB and Diners Club. To prioritise your security, the platform employs advanced security measures, adhering to strict industry standards to protect your information.
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Hassle-free delivery, every time
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At the moment, Temu is in partnership with local logistics firms, such as Flyt Express, SKYNET, and Speedaf to make delivery to Nigerian shoppers on time.
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Returns and exchanges made easy
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Beyond shopping: A greener future
Temu is committed to sustainability. By shopping on Temu, you contribute to a greener future. The platform’s Tree Planting Program and combined shipping initiatives help reduce environmental impact.
Smart shopping simplified
Temu has transformed online shopping, offering a wide range of affordable products and a user-friendly experience.
Follow these simple steps to easily navigate the platform and discover your next favourite find. If you need assistance, Temu’s customer support team is available 24/7.
So, shop with confidence on Temu!
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