All The NewsCover StoryOpinionReligion

The Evil in Peddling Pastor Ibiyeomie’s $2m Wristwatch Sans Subtext

5 Mins read

By Ugochukwu Ugwuanyi,
The agenda-setting theory of mass communication seems to have gone with good old traditional journalism, as its distortions and corruption are writ large in this present age. Content creators and curators in the digital space have been busy setting the agenda without any care for the original intent of the module. In pursuit of virality, they limit shorts and reels to the salacious and outlandish, deliberately precluding aspects that would contextualise and offer more meaning to audiences.
The need to empower audiences with inspiring information is secondary. This is one evil I’ve seen under the sun!
The (mal)practice is not in keeping with the gatekeeping theory either, since they are not acting in the interest of the social fabric but opportunistically farming for views and engagements or even chasing clout. If taken to task, they will readily say, “Bad (scandalous/controversial) news always sells.” Admittedly, bloggers have been quite successful in attracting attention and sparking conversations online with abridged and abrupt content.
However, the jury is still out on whether these citizen journalists’ brand of agenda setting is guided by their prejudices, the attention span of audiences, mischief, or sheer misinformation. In a milieu where users run with the caption/headline, one can imagine what impact half-information would have on them, nay, what it robs them of.
A fortnight ago, the Nigerian blogosphere buzzed with reports of Pastor David Ibiyeomie bragging about being gifted a wristwatch worth $2 million, stressing that Nigerians on social media would faint if they saw his collection of exotic wristwatches. The sensational spin of the story on social media makes the unsuspecting assume that the man of God climbed the pulpit just to promote
grifting prowess. But that couldn’t have been the preacher’s mission. What trended online was an aside or anecdote used to drive home the point he was making. But
bloggers opted to set the agenda with a clickable straw rather than the didactic core. Now that they must have got the online traction they craved, let’s bring to the surface the vital aspect of the sermon that was buried. This is because the unsung aspect of the preacher’s message can be of great benefit to whoever subscribes to it.
After disclosing the following: “someone gave me a watch worth $2 million. I have not even worn half of my watches. The one they show on social media is just small, I have many watches. If they see all my watches, they’d just faint,” the Port Harcourt-based pastor asserted that “I’m getting watches because I’m solving problems.” This last line is the crux that would do viewers a world of good if they caught the revelation. It is a given that the one who diligently solves problems will stand before kings, and shall not stand before mean men.
That was the story of Joseph. The ability to solve problems took him straight from prison to the palace. By the time he solved Pharaoh’s problem, the falsely accused felon became the prime minister of the world’s superpower at the time, despite being an immigrant. If solving problems can be this rewarding, then it shouldn’t be surprising that a problem solver like Ibiyeomie is receiving mouthwatering gifts.
No one should faint upon seeing his wristwatches, or come with the vanity-upon-vanity moral posturing! If you look around, you’d find that many of his peers have been stupendously rewarded by those who consult them for spiritual guidance and prayers. There are instances where people struggle to give to these men of God.
Yet, these cherished pastors are only vessels through which the actual problem solver expresses Himself. I’m talking about the Holy Spirit, who inhabits whoever
believes in the resurrected Christ and confesses Jesus as their Lord and personal saviour. He is the one about whom John 16:13 says, “He will guide them into all truth, speak only what He hears from the Father, and declare things to come.”
With this spiritual insight, you would be able to solve quandaries and mysteries. It is this same Spirit who enabled the mighty works of Jesus’ earthly ministry. He is all the believer needs. Nothing is too big or small for Him to provide direction.
There was a community where livestock breeding was the prime preoccupation of locals. A stray sheep was found and taken to the king’s palace. In time, two men came forward to claim ownership of the animal. Each of them was quite assertive and unyielding in demanding that they be handed the sheep as the rightful owner. None of the palace courtiers could rightly divide the dispute.
Thankfully, the king is a born-again Christian, so he opted to pray for wisdom over the situation. He gave both parties a date to hear for his verdict on the matter. The night prior, the king prayed intensely, and the Lord ministered John 10:4-5 in his heart. He immediately knew that his prayer had been answered and was no longer troubled.
By the next morning, the claimant came with some members of the community. The sheep was tethered with a long rope right before everyone who gathered to witness how the contention would be resolved. The king challenged each of the contenders to do all they could to attract the sheep’s attention. The one it responds to and follows will be allowed to return home with the animal.
To make the test even harder, the sheep was distracted with fodder. The first tried all the communication cues he could devise to no avail. The sheep continued feeding, barely looking up to acknowledge the stranger. When the stipulated time elapsed, the second claimant was given the floor. Soon enough, the sheep abandoned the fodder and followed him, leaving everyone convinced about the actual owner!
That’s one of the ways God inspires His people to solve problems. But you must know the Word. With Scripture containing solutions to every problem and need, God wells up in your heart a bespoke Word for each situation. When diligently implemented, everyone will be awed by the efficacy.
As you do this for yourself, you’ll soon be able to apply the tried and tested formula to what troubles others –thereby becoming a problem solver. It takes the Word with a heart yielded to God for this to happen. Train your spiritual antenna to clearly hear God. You’ve got to do this every so often. But when you start hearing, be sure that what you hear aligns with the Word of God!
Indeed, sons of God are prized and presented with bounties because they solve problems. Romans 8:19, “For the earnest expectation of the creation eagerly waits for the revealing of the sons of God.” Although the grace is available, not many anointed ones have primed themselves to the level where they can call forth answers from Heaven. The child of God can have the unction of Moses, whom
God taught His ways, so that he could manifest His acts by solving the problems of the children of Israel.
However, the avaricious who are easily lured by lucre must be wary not to go the way of Gehazi (1 Kings 5:19-27). The Master’s charge in Matthew 10:8 is “Give as freely as you have received”. If you operate that way, God can, as in Pastor Ibiyeomi’s case, inspire you with the solution to someone’s problem and prod the same person to bless you with choicest gifts money can buy. I’m referring to cheerful givers who would insist that God sent them to be a blessing to you, even when psyched that the gifts they are bearing must be meant for God.
VIS Ugochukwu is a Sage, Storyteller and Brand Strategist who engages with readers via Twitter (now X) @sylvesugwuanyi

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
Articles
Related posts
All The NewsCover StoryNewsPolitics

Musa Tsoken Congratulates Kalu on Daily Times’ Lawmaker of the Year Award

1 Mins read
The National Coordinator of the Asiwaju Again Renewed Hope Support Initiative 2027 and National President of the APC Initiative for Good Governance…
Abuja FileDevelopmentEconomyEnergyFinanceInside LagosOpinionPerspective

The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

6 Mins read
  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. The African Dimension  Africa makes this dynamic unusually visible, and consequently offers an unusually clear opportunity to correct it. The continent’s infrastructure financing need, by any measure, is vast. Less understood is that the shortfall is disproportionately one of preparation rather than capital. Nigerian gas-to-power, off-grid solar and mini-grid developers have each demonstrated that individual projects can clear the bankability bar; what has not emerged is systemic pipeline scale, a steady stream of comparably prepared projects large enough to absorb the capital already circling the sector. The pattern repeats, with local variation, from grid infrastructure in East Africa to transport corridors in West Africa. Interested capital is rarely the scarce input. Investment-ready projects are. The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
Cover StoryNewsSports

Union Bank, AIICO Multishield, Checkers Custard, Others Back 5th Cycling Lagos

2 Mins read
Union Bank of Nigeria Plc, AIICO Multishield, Checkers Custard and other corporate organisations have thrown their weight behind the 5th Cycling Lagos,…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com