The embattled Fatoyinbo revealed this in a statement on his official Instagram page on Monday morning.
This followed public outcry asking him to step down and address the rape allegations leveled against him by Busola Dakolo, wife of popular singer, Timi Dakolo, on Friday.
Fatoyinbo said in a statement on Monday that he took the decision after consulting with several spiritual leaders around the world and the leadership of COZA.
“This step enables me to submit to the concerns of my spiritual mentors as they consider all the issues that have been raised against me.
”Though I do not understand all that is happening, I trust the lord to guide and lead me one step at a time. Kindly pray for me and the congregation as we seek the face of the lord at these turbulent times,” he wrote.
The controversial pastor has held Nigerian headlines since Thursday morning when the interview of one of his alleged victims was made public.
Dakolo, a former member of COZA, told YNaija in the emotional interview that she was 16 when Fatoyinbo raped her in Ilorin, Kwara State.
The allegations prompted condemnation of the preacher, who has faced previous allegations of sexual misconduct from two women.
On Sunday, scores of protesters gathered at the church’s headquarters in Abuja to march against Fatoyinbo.
Simultaneous protests were held in Lagos and Abuja.
Dakolo, has announced the mobilisation of a seven-day protest to demand justice for his wife, Busola.
The singer revealed this in a statement on Sunday and added that the protest will also help seek justice for other women who have been allegedly raped by the COZA pastor and other pastors.