Pastor Tobi Adegboyega’s London based church, Salvation Proclaimer Ministries Limited (SPAC Nation) has been ordered to shut down their activities after failing to account for more than £1.87m of outgoing , and running with lack of transparency.
The church founded in 2012, was brought before the high court on 9th June, 2022 , before Judge Burton , according to the government Insolvency Service.
Despite not having a single base of it’s own, the company financial papers show £610,000 in rent for the two years ending December 31, 2019, despite the fact that they would book locations across London to hold services.
Investigators also spoke with Adedapo Olugbenga Adegboyega , popularly known as Pastor Dapo, one of the company’s directors, who claimed the company has over 2,000 members and 200 ordained preachers and pastors. He did not, however, present any evidence to back up his statement.
The court has found out that the church , which was previously praised as a symbol of hope for ex-gang members by UK politicians , operated with lack of transparency, filed dubious or erroneous accounts and was insolvent at the time of the court trial.
The lead investigator for the Insolvency Service, Edna Okhiria said :
”While SPAC Nation claimed it had noble intentions to support vulnerable and young people, our enquiries uncovered a different side of the charity.
”There were clear concerns around how the church groups managed it’s affairs and SPAC Nation failed to properly account for income received from donations and other expenditures.
”The court recognized the severity of SPAC Nation action and this sends a strong message that proper records and accounts must be maintained even if you’re charity.”
Comapnies can be required to administratively close and cease to exist under that name on the Comapnies House registry, but they can also reappear under a different name, which has been known to happen in the past.
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