The church of a Nigerian-born UK pastor, Tobi Adegboyega, SPAC Nation, has been shut down over £1.9m fraud allegations.
Newbreak.ng reports that the Salvation Proclaimers Anointed Church also known as SPAC Nation, was shut down by the United Kingdom authorities.
Pastor Tobi Adegboyega’s evangelical congregation was wound up in the public interest in the High Court on Tuesday, June 9, 2022, the United Kingdom government said on Friday, June 17.
The Official Receiver has been appointed as the company’s liquidator, according to a statement on the country’s website.
“According to the court, SPAC Nation was founded in 2012 as a charity dedicated to the advancement of Christianity. Much of its philanthropic work was concentrated on London, with a focus on disadvantaged individuals, youth, and criminals.
The church group first received great feedback and media attention. However, by late 2019, SPAC Nation has come under fire from the media when former church members claimed they had been financially exploited by senior church officials.
Pastor Dapo Adegboyega was interrogated by investigators and claimed that the church group had over 2,000 members and 200 ordained ministers and pastors, but he could not present any supporting evidence.
SPAC Nation failed to comply with or only partially complied with statutory requirements, including supplying data to back claimed donations and accounting records to support £1.87 million in expenditure, according to further investigations.
The company’s financial statements for the two years ending December 31, 2019 show a rent expense of £610,000. However, because the company did not have its own base, it had to book venues across London to hold services, which was costly.
SPAC Nation was closed down by the court after it was determined that the firm lacked transparency, filed questionable or erroneous accounts, and was insolvent at the time of the hearing.
The company also gave conflicting information to the Insolvency Service and the Charity Commission, as well as failing to deliver acceptable accounting documents, according to the statement.