Oyedepo said this in a telecast ahead of the 2016 edition of Shiloh, an annual convention of the church.
Claiming that the fees charged by the school was ordained by God, Oyedepo said critics were acting in ignorance.
Oyedepo said one of such critic smitten with a strange plague of chronic mouth odour over the act only received spiritual pardon following his confession and “my intervention before he was restored to dignity”.
He said such criticisms were products of ignorance as what students pay could not be compared with what obtained elsewhere that lacked facilities.
“The school fees has God’s approval and is in accordance with the quality of facilities provided by the university in meeting the educational needs of the nation,” he said.
He said the university was a godly agenda to meet the demands of raising godly children in an environment conducive for learning, and prayed for resources for parents to “always meet the demands of the time”.
Oyedepo said the church in its pioneering role in pushing the frontiers of education with excellence had concluded plans to establish offshore universities.
The cleric said a fully automated Bible press by the church had been completed and would be launched soon.
Quoting some verses of the Bible, which included Matthew 24:6-8, 1Peter 2:9, Joel 2:2 and Mal. 4:1, Oyedepo said the current economic meltdown was predicted but that committed Christians would be exempted.
He declared the theme of this year’s Shiloh, holding between December 6 and December 10, as ‘My Case is Different’.
Checks by TheCable revealed that the least amount paid by a student admitted into 100 level in Covenant is N799,500 per session.
Apart from Covenant, which is within the church’s premises in Ota, Ogun state, Oyedepo also has Landmark, a private university, situated in his hometown of Omu-Aran in Kwara state.