David Oyedepo received a mandate from God in an 18 hour long vision in May 1981 to liberate the world from all oppression of the devil through the preaching of the word of faith. This is the inaugural vision that led to the founding of the Living Faith Church World Wide (LFCWW), first called Liberation Faith Hour Ministries, in 1981.

In 1982 he married Florence Abiola Akano (now known as Faith). They have four children together (David Jr., Isaac, Love and Joys). David Jr. and Isaac Oyedepo were ordained as Pastors in May 2007 by Kenneth Copeland. David Jr. is the Resident Pastor of Faith Tabernacle, Ota, Nigeria, while Isaac Oyedepo is the current Resident Pastor of Winners Chapel International, Maryland.