The U.K authorities has shut down Salvation Proclaimers Anointed Church, generally recognized as SPAC Country, above an alleged £1.87 million fraud.
The evangelical church which was founded by Pastor Tobi Adegboyega was wound up in the public fascination in the Large Courtroom on Tuesday, June 9, 2022, the U.K governing administration introduced on Friday, June 17.
In accordance to a assertion posted on the country’s internet site, the Formal Receiver has been appointed as liquidator of the business.
“The court docket listened to that SPAC Country was included in 2012, a charity set up to advance Christianity. Considerably of its charitable do the job was centered in London, working particularly with susceptible folks, youth, and offenders.
To begin with, the church group obtained good reviews and media notice. But by late 2019 SPAC Nation was subject matter to media scrutiny subsequent allegations by previous church users they had been economically exploited by senior church staff.
Investigators interviewed pastor Dapo Adegboyega and he reported that the church group experienced above 2,000 associates and 200 ordained ministers and pastors but unsuccessful to offer any supporting data.
More enquiries uncovered that SPAC Country possibly unsuccessful to comply or only partially complied with statutory prerequisites, such as offering info to assistance claimed donations, and accounting documents in assist of £1.87 million of expenditure.
The company’s financial statements in the two yrs to 31 December 2019 established out £610,000 of rent expenditure. Even so, the enterprise did not have a single base of its own and would retain the services of venues throughout London to hold solutions, at substantial cost.
Salvation Proclaimer Ministries Minimal was wound-up following the court docket concluded the firm operated with a absence of transparency, submitted suspicious or incorrect accounts, and was insolvent at the time of the listening to.
It was also recognised that the company supplied inconsistent information to the Insolvency Provider and Charity Commission, and failed to deliver up sufficient accounting data,” the assertion reads.