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DISGRACEFUL: UK Govt orders closure of Salvation Proclaimer Ministries, as Nigerian Church General Overseer, TOBI ADEGBOYEGA flees, Lavish £1 87 million on Yahoo Lifestyle evading Audit … accused of embezzlement, financial mismanagement and lack of transparency * The church was wound up after failing to properly account for over £1 87 million of outgoings and operating with a lack of transparency in the High Court on June 9, 2022 before Judge Burton Salvation Proclaimer Ministries Limited, more commonly known as SPAC Nation, was liquidated in the public interest The Official Receiver has been appointed as liquidator of the company * Investigators interviewed one of the company s directors, Adedapo Olugbenga Adegboyega, who was also known as Dapo Adegboyega or Pastor Dapo During interviews, Mr Adegboyega said that the church group had over 2,000 members and 200 ordained ministers and pastors but failed to provide any supporting information Further enquiries found that SPAC Nation either failed to comply or only partially complied with statutory requirements, including providing data to support claimed donations, and accounting records in support of £1 87 million of expenditure -British Government website * The court heard that SPAC Nation was incorporated in 2012, a charity set up to advance Christianity Much of its charitable work was based in London, working particularly with vulnerable people, youth, and offenders -INVESTIGATION *BY KAYODE ADEBAYO & GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor

DISGRACEFUL: UK Govt orders closure of Salvation Proclaimer Ministries, as Nigerian Church General Overseer, TOBI ADEGBOYEGA flees, Lavish £1 87 million on Yahoo Lifestyle evading Audit … accused of embezzlement, financial mismanagement and lack of transparency * The church was wound up after failing to properly account for over £1 87 million of outgoings and operating with a lack of transparency in the High Court on June 9, 2022 before Judge Burton Salvation Proclaimer Ministries Limited, more commonly known as SPAC Nation, was liquidated in the public interest The Official Receiver has been appointed as liquidator of the company * Investigators interviewed one of the company s directors, Adedapo Olugbenga Adegboyega, who was also known as Dapo Adegboyega or Pastor Dapo During interviews, Mr Adegboyega said that the church group had over 2,000 members and 200 ordained ministers and pastors but failed to provide any supporting information Further enquiries found that SPAC Nation either failed to comply or only partially complied with statutory requirements, including providing data to support claimed donations, and accounting records in support of £1 87 million of expenditure -British Government website * The court heard that SPAC Nation was incorporated in 2012, a charity set up to advance Christianity Much of its charitable work was based in London, working particularly with vulnerable people, youth, and offenders -INVESTIGATION *BY KAYODE ADEBAYO & GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor
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