Tobi Adegboyega

UK shuts Pastor ’s church over ‘£1.9m fraud

Salvation Proclaimer Ministries Limited, a church led by Nigerian-born , has been ordered to close by a UK High Court due to alleged financial mismanagement and a lack of transparency in its operations.

The church, known as , was said to have been closed “in the public interest” in a statement posted on the UK government website on Friday.

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According to the statement, the church was wound up in the High Court on June 9, 2022 before Judge Burton “after failing to properly account for more than £1.87 million in outgoings and operating with a lack of transparency.”

“Salvation Proclaimer Ministries Limited, more commonly known as SPAC Nation, was wound up in the public interest in the High Court on 9 June 2022 before Judge Burton,” according to part of the statement. The company’s liquidator has been appointed as the Official Receiver.

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SPAC Nation was founded in 2012 as a charity dedicated to the advancement of Christianity. Much of its charitable work took place in London, focusing on vulnerable people, youth, and criminals.”

The statement said the church “was subject to media scrutiny following allegations by former church members that they had been financially exploited by senior church personnel” by late 2019.

“At first, the church group received positive feedback and media coverage. However, by late 2019, SPAC Nation had come under fire from the media after former church members claimed they had been financially exploited by senior church officials.

What UK Statement says about Pastor Tobi Adegboyega , SPAC Nation

According to the statement, “the Insolvency Service received complaints about SPAC Nation before conducting its own confidential investigations into the church group’s activities.”

The church also failed to comply with statutory requirements and made claims without providing supporting evidence, according to the statement.

Pastor Tobi Adegboyega interviewed by Investigators

“Investigators interviewed Adedapo Olugbenga Adegboyega, also known as Dapo Adegboyega or Pastor Dapo, one of the company’s directors,” it said. Mr Adegboyega claimed during interviews that the church group had over 2,000 members and 200 ordained ministers and pastors, but he did not provide any supporting evidence.

“Further investigation revealed that SPAC Nation failed to comply with or only partially complied with statutory requirements, including providing data to support claimed donations and accounting records to support £1.87 million in expenditure.”

“Rent expenditure totaled £610,000 in the company’s financial statements for the two years ending December 31, 2019.” However, because the company did not have its own base, it would hire venues throughout London to hold services at a significant cost.”

“Salvation Proclaimer Ministries Limited was closed down after the court determined that the company lacked transparency, filed suspicious or incorrect accounts, and was insolvent at the time of the hearing.

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“The company was also found to have provided inconsistent information to the Insolvency Service and the Charity Commission, as well as failing to provide adequate accounting records.”

The charity is still under investigation by the Charity Commission, which is looking into financial, governance, and safeguarding issues, according to the statement.

SPAC Nation, Pastor Tobi Adegboyega Mission 

“While SPAC Nation claimed to have noble intentions to support vulnerable and young people, our investigations uncovered a different side of the charity,” said Chief Investigator for the Insolvency Service Edna Okhiria, according to the statement. SPAC Nation failed to properly account for income received from donations and other expenditures, raising serious concerns about how the church group managed its affairs.

“The court recognized the seriousness of SPAC Nation’s actions, and this sends a strong message that, even if you’re a charity, proper records and accounts must be kept.”

That is all the latest news on SPAC Nation: UK shuts Pastor Tobi Adegboyega’s church over ‘£1.9m fraud

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