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London-based church, SPAC Nation owned by flamboyant Nigerian Pastor Tobi Adegboyega closed down by UK government over fraud allegations

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A London-based church group, Salvation Proclaimer Ministries Restricted (SPAC Nation) owned by flamboyant Nigerian Pastor Tobi Adegboyega, has been ordered to close down their operations after failing to correctly account for greater than £1.87m of outgoings, and working with lack of transparency.

 

SPAC Nation which was included in 2012 to advance Christianity, was wound up in a Excessive Courtroom on 9 June 2022 earlier than Decide Burton, authorities company The Insolvency Service introduced on Friday June 17.

 

The enquiries discovered that SPAC Nation did not comply or solely partially complied with statuary necessities, resembling offering information to help claimed donations and accounting information in help of £1.87 million of expenditure.

 

Within the two years to thirty first December 2019, the corporate’s monetary statements set out £610,000 of hire, regardless of not having a single base of its personal as they might rent venues throughout London to carry companies.

 

Investigators additionally interviewed one of many firm’s administrators, Adedapo Olugbenga Adegboyega, also called Pastor Dapo, who claimed the church group had over 2,000 members and 200 ordained ministers and pastors. Nevertheless, he failed to supply data to help these claims.

 

The courtroom concluded that the church, as soon as hailed by UK politicians as a beacon of hope for ex-gang members, operated with a scarcity of transparency, filed suspicious or incorrect accounts, and was bancrupt on the time of the listening to.

 

Edna Okhiria, chief investigator for the Insolvency Service, mentioned:

 

“Whereas SPAC Nation claimed it had noble intentions to help weak and younger folks, our enquiries uncovered a special aspect of the charity.

“There have been clear considerations round how the church group managed its affairs and SPAC Nation did not correctly account for earnings obtained from donations and different expenditure.

“The courtroom recognised the severity of SPAC Nation’s actions and this sends a powerful message that correct information and accounts have to be maintained, even in case you’re a charity.”

 

Although an organisation may be compelled to adminstratively shut and stop to exist beneath that identify on the Corporations Home register, firms can seem beneath a special identify and this has beforehand been identified to occur.

 

SPAC Nation rebranded as Nxtion Household in June 2020, a month after head pastor Tobi Adeboyega introduced he was stepping down as chief, although he has remained on the helm of the organisation.

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