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UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud - Religion - Nairaland

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UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by politicoNG: 2:12pm On Jun 17, 2022
(Been investigated)
https://www.nairaland.com/5582432/tobi-adegboyegas-church-investigated-over#84922679

(Spraying Davido money)
https://www.nairaland.com/7023037/pastor-tobi-adegboyega-sprays-davido/1#110938018

(Spraying Portable money)
https://www.nairaland.com/7101990/pastor-tobi-adegboyega-gifts-portable#112365681

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. The Official Receiver has been appointed as liquidator of the company.

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.

Initially, the church group received positive reviews and media attention. But by late 2019 SPAC Nation was subject to media scrutiny following allegations by former church members they had been financially exploited by senior church personnel.

The Insolvency Service received complaints about SPAC Nation before instigating its own confidential enquiries into the church group’s activities.

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.

The company’s financial statements in the two years to 31 December 2019 set out £610,000 of rent expenditure. However, the company did not have a single base of its own and would hire venues across London to hold services, at significant expense.

Salvation Proclaimer Ministries Limited was wound-up after the court concluded the company operated with a lack of transparency, filed suspicious or incorrect accounts, and was insolvent at the time of the hearing.

It was also recognised that the company provided inconsistent information to the Insolvency Service and Charity Commission, and failed to deliver up adequate accounting records

The company remains subject of a statutory inquiry by the Charity Commission, who are examining financial, governance and safeguarding matters at the charity.

Edna Okhiria, Chief Investigator for the Insolvency Service, 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 group managed its affairs and SPAC Nation failed to properly account for income received from donations and other expenditure.

The court recognised the severity of SPAC Nation’s actions and this sends a strong message that proper records and accounts must be maintained, even if you’re a charity.

https://www.gov.uk/government/news/church-group-wound-up-in-court

13 Likes 1 Share

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by majamajic(m): 2:13pm On Jun 17, 2022
Hmmm

1 Like

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by majamajic(m): 2:15pm On Jun 17, 2022
Church Limited Company ?

143 Likes 11 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by VeryWickedGoat: 2:15pm On Jun 17, 2022
Afonja Pastor?? They are deadlier than Afonja mozlems that's why I love them

TB Joshua, Adeboye, Oyedepo, Kumuyi, Fatoyimbo, Suleiman, Adeyemi...... all criminals and ritualists like me
grin grin

82 Likes 4 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Righteousness2(m): 2:17pm On Jun 17, 2022
Isn't this the guyman hip pop Pastor that is neither here nor there?
Confusing and packing souls to Hell in the name of pastor.
These are the last seconds of the Last days! Don't let anyone Deceive you in the name of title , Grammar and stories.
Heaven is not place where you enter by luck. Heaven is a Prepared place for Prepared People.

89 Likes 8 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by triple996(m): 2:18pm On Jun 17, 2022
Why are some people giving nigeria bad name angry

13 Likes

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Built2last: 2:19pm On Jun 17, 2022
The pastor behaves like Hushpuppi.

You claim you are called to carter for the needy, those with drug and alcohol problems yet, you lavish money around drives Lambourgini and Ferrari

Zazu came you gave him thousands of Pounds. same with other celebrities.

shame

103 Likes 9 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Ballzproblemm: 2:30pm On Jun 17, 2022
VeryWickedGoat:
Afonja Pastor?? They are deadlier than Afonja mozlems that's why I love them

TB Joshua, Adeboye, Oyedepo, Kumuyi, Fatoyimbo, Suleiman, Adeyemi...... all criminals and ritualists like me
grin grin
grin ,na their way ,ndi yarinbas. ,lol , bunch of thief's disguise as men of God

21 Likes

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by ShadowWalker00(m): 2:30pm On Jun 17, 2022
Pastorpreneur milking on the gullibility of his followers cheesy cheesy, no case abeg if person no get sense that one suppose be problem cheesy cheesy.

Keep donating your money to pastor e no concern me. wink cheesy

Next....

31 Likes 1 Share

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by bigdammyj: 2:31pm On Jun 17, 2022
Noted.

1 Like

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Cmanforall: 2:31pm On Jun 17, 2022
Seriously?

1 Like

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Mophor: 2:31pm On Jun 17, 2022
Issokay!!!

1 Like

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Nobody: 2:31pm On Jun 17, 2022
It is well
Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by FERNANDEZISBACK: 2:31pm On Jun 17, 2022
Christianity at it's finest.. grin
Religion... God.. gods and other nonsense myth are meant for the gullible.. grin

14 Likes 1 Share

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Megabig: 2:32pm On Jun 17, 2022
More than 80 percent of these churches are fraudsters, open your eyes

23 Likes 2 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by halaqasa: 2:32pm On Jun 17, 2022
E Be Many Things Walahi
Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Reallysimple: 2:32pm On Jun 17, 2022
Lol. All these designer wearing pastors.

God said we shouldn't talk down on anointed sha, no matter their shortcomings so I rest my case.

5 Likes 3 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Romanoff(f): 2:32pm On Jun 17, 2022
This one is a vanity upon vanity pastor.

Yahoo lomo.

2 Likes 5 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Hassanmaye(m): 2:32pm On Jun 17, 2022
Fraudsters, scamm religion

2 Likes 1 Share

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by candidbabe(f): 2:32pm On Jun 17, 2022
Good
UK no be Nigeria

How can Tobi adegboyega the founder of SPAC nation account for income and expenditure of his church when, he single handedly gave Daddy freeze wife a wrist watch called Hublot sapphire that costs twenty million naira ?

13 Likes

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Ogbodavies(m): 2:33pm On Jun 17, 2022
Yahoo in disguise...
get ur PVC

5 Likes

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by mokt(m): 2:33pm On Jun 17, 2022
I don know say this Pastor na scam tay tay

9 Likes

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by toujurs: 2:34pm On Jun 17, 2022
Pastor wey dey patronize strippers.

10 Likes

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by donjazet(m): 2:35pm On Jun 17, 2022
Notice how some nairaland comments look similar?? It's a coordinated campaign of misinformation aimed at artificially amplifying this old man's support.

Tinubu's paid-support group has been activated. Expect to be gaslighted and mentally manipulated into losing moral for Obi or into supporting Tinubu. Watch out and keep your eyes open.

Know that some accounts here are run by people who have been paid to artificially boost support for these political ancestors
All of you, paid-posters should be ashamed of yourselves. Selling Nigeria's future for your selfishness.

God would punish all of you Nigerians that have decided to be used to decieve your fellow citizens and mislead others.
Tinubu is past his prime. We need a new and fresh party. We need to totally dismantle this old system

18 Likes 3 Shares

Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by Onyenna(m): 2:35pm On Jun 17, 2022
Wow!
Re: UK Govt Shuts Down Tobi Adegboyega’s SPAC Nation Over £1.9 Million Fraud by CondemnBattery(f): 2:35pm On Jun 17, 2022
cool

I don't understand.
You mean a church is also a company? Ltd. For that matter..... grin

9 Likes 2 Shares

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