Prophet Mboro will lose church and followers to ABSA bank
Controversial South African Pastor Paseka Motsoeneng Mboro might lose church and followers after countless lawsuits were levelled against him for failing to settle his arrears with Absa Bank.
Incredible Happenings Ministry founder Prophet Paseka Motsoeneng’s prayers for blessings in the new year seems not to be bearing fruits. Instead of gaining, the man of oath Prophet Mboro is at risk of losing everything including his church. Surely the gods of debt are gunning for his movable and immovable assets and they want everything from him. Will he be the typical biblical Job of our times?
After tasting blood when the bank went for his house last week, the repo man is now going in for the kill with another court application to claim debts that may strip him off his church.
It seems the lawsuits keep on pilling and adding misery to the man of the cloth. On Thursday the Johannesburg High Court heard a 2018 application by Absa to repossess assets belonging to Incredible Happenings Ministry.
The bank reinstated the two-year-old case, which was struck off the court roll in October 2019, in which it claims that Mboro owes it more than R1 million.
The Fall Of Prophet Mboro As ABSA Bank files Lifetime Lawsuits
According to court papers that City Press claims to have, Absa filed nine claims against Mboro’s church. The bank argued that it had tried everything to recoup its money since 2018 but had failed.
Ownership of the assets would remain vested in the applicant until the respondent had fulfilled all of its obligations to the applicant under the agreement. Court papers
The papers indicate that Mboro took several loans on different dates between June and September 2016, and bought several pieces of equipment for his church.
Defaulted Claims And Assets Acquired Through Absa Loans
Claim 1 relates to advanced broadcasting technology items, among them three Sony cameras, three Sony camera chargers, three tripods, four Sony wireless mics, two Philips LED TV screens and six batteries. The equipment was valued at R474 093. At the time the bank started pursuing legal action, the respondent was said to be in arrears amounting to more than R40 000.
Claim 2 relates to top-of-the-range sound equipment valued at R353 891, which Mboro bought on loan on behalf of the church. He was said to be in arrears amounting to R30 498.
Claims 3, 4, 5, 6 and 9 are about a fleet of cars that Mboro bought in the name of Incredible Happenings Ministry. The cars include a 2015 BMW 520 worth R708 687 with arrears said to be R37 466, a Ford Ranger with arrears of R19 819 and a Chevrolet Utility for which R6 729 was owed.
Monies were also outstanding on two other cars he had bought: a Renault Sandero (R4 168) and an Opel Corsa (R6 364) is for a 60KVA Silent Diesel 3 Phase generator worth R165 860 with arrears of R14 562.is for musical instruments that include drum sets, amplifiers, on-stage speakers, mics and Furman power conditioners. The items were valued at R353 891 and R19 265 is outstanding on them.
“Ownership of the assets would remain vested in the applicant until the respondent had fulfilled all of its obligations to the applicant under the agreement. The respondent shall pay all instalments that it owes the applicant under the agreement in the amount on or before the instalment payment date stated on the first page of the agreement,” read the court papers. Its ironic that Absa is pursuing arrears of R30 000 when I have an R2 million counter-claim against [the bank].
After defaulting on several occasions, the bank sent emails and letters of demand, which Mboro allegedly failed to respond to and debt collectors, who also failed to make him pay. When the bank finally got hold of him, Prophet Mboro laced up to defend the case when he filed a motion of intention to oppose.
The matter was set for August 2019. The bank argued in court that it wanted its money back or the respondent to surrender all the goods bought with its money.
During that brief hearing, Absa brought an application to repossess movable goods. But the case did not go to trial after the two parties reached an out-of-court agreement and the case was removed from the court roll.
However, when Prophet Mboro and his church failed to live up to the agreement, the bank decided to reinstate the case at the high court this week.