Living Faith Church and its founder Bishop David Oyedepo is set to spend a staggering over ₦160 billion to build its 100,000-seater auditorium, known as ‘The Ark.
The groundbreaking ceremony for the commencement of the construction of the Ark was carried out by Bishop Oyedepo in March 2021.
A top source in Living Faith who preferred not to be named confided in newsmen that over ₦160 billion has been earmarked for the gigantic project which is set to become one of the most magnificent worship centers in the world.
It was learnt that N45 billion has so far been already been released for the project, which has already kicked off and is slated for completion in three years.
First announced in late 2015 as the ‘Faith Theatre‘, the 100,000 seats stadium-like project has now been officially renamed as “The Ark”, unveiled at the church earlier last Month.
Sited on about 1,000 hectares of land (the site of the old Faith Academy compound), within the vast premises of the current church building, the Ark will specifically accommodate 106,000 seats and will include a 24 Floor Mission Tower (International Headquarters Facility) made up of two twin towers of 12 floors each.
Upon completion, the existing 50,000 seaters Faith Tabernacle will serve as an overflow facility.
The massive project is being handled by Laralek Ultimate Limited, whose Managing Director is Adebiyi Olalekan.
Oyedepo had recently said members of the church would not be tasked to contribute for the project.
AFRICA DAILY NEWS, NEW YORK