A UK High Court has shut down Salvation Proclaimer Ministries Limited aka SPAC Nation owned by Nigeria-born Tobi Adegboyega over alleged financial mismanagement and lack of transparency.
The church, according to a statement published on the UK government website on Friday, was wound up “after failing to properly account for more than £1.87 million of outgoings and operating with a lack of transparency” in the High Court on June 9, 2022 before Judge Burton.
The church worked particularly with vulnerable people, youth, and offenders, the court heard.
“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 statement said.
It further noted that investigators interviewed one of the company’s directors Dapo Adegboyega, who said that the church group had over 2,000 members and 200 ordained ministers and pastors but failed to provide any supporting information.
The church also could not provide data to support claimed donations.
“The company remains subject of a statutory inquiry by the Charity Commission, who are examining financial, governance and safeguarding matters at the charity,” the statement added.
Tobi stepped down as head pastor in 2020 after SPAC Nation rebranded as Nxtion Family.
