• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, May 10, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Foreign

Revealed: Reals reason UK shut Nigerian-owned Church

Church

The Matters Press by The Matters Press
June 18, 2022
Reading Time: 2 mins read
0
Revealed: Reals reason UK shut Nigerian-owned Church

SPAC

RELATED POSTS

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

With NELFUND’s Disbursement of N53b, Nigerian students have cause to celebrate – TMV

Profit surge among Nigeria’s loss-making companies indication of economic recovery – IMPI

UK court has closed a Nigerian-owned church, Salvation Proclaimer Ministries Limited, popularly known as SPAC Nation over financial exploitation.

Judge Burton of the UK High Court wound up the church in public interest on June 9, 2022.

The Official Receiver has been appointed as the 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.

The church group initially received positive reviews until late 2019 when it began to face media scrutiny after former church members accused the senior personnel of the church of financial exploitation.

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, Adegboyega said the church group had over 2,000 members and 200 ordained ministers and pastors but failed to provide any supporting information.

Further enquiries revealed 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.

According to the company’s financial statements, 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.

The court concluded that the church operated with a lack of transparency, filed suspicious or incorrect accounts, and was insolvent at the time of the hearing.

It was further recognised that the church provided inconsistent information to the Insolvency Service and Charity Commission and failed to deliver adequate accounting records

The church remains subject to a statutory inquiry by the Charity Commission, which is 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.”

SOURCE

Tags: church
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Nigerians kick against re-opening of schools as COVID-19 bites harder
Economy/Technology

With NELFUND’s Disbursement of N53b, Nigerian students have cause to celebrate – TMV

May 9, 2025
Nissan recalls 1,150,000 vehicles in 3 months
Economy/Technology

Profit surge among Nigeria’s loss-making companies indication of economic recovery – IMPI

May 8, 2025
Economists Challenge IMF on call for further VAT increase in Nigeria
Economy/Technology

Nigeria will do better than IMF’s 3% growth forecast for 2025, Think Tank predicts

May 6, 2025
Egypt’s economic strides excite AfDB
Economy/Technology

AfDB President, Adesina wrong on Nigeria’s GDP at Independence – IMPI

May 5, 2025
Nigerians kick against re-opening of schools as COVID-19 bites harder
Economy/Technology

Nigeria’s scrapping of foreign education Scholarship will curb waste

May 3, 2025
Next Post
Defiant Nigeria moves to regulate social media

Defiant Nigeria moves to regulate social media

FMDQ’s turnover hits N24.03trn in September

FMDQ approves registration of Agro-allied company’s N20 bn CP programme

Recommended Stories

Nigeria’s N225bn bonds oversubscribed

Lagos state raises N143.8bn long-tenure bonds

May 24, 2023
Scheme to repatriate $200bn in forex requires right mechanisms

Banks unveil New Exchange Rate

June 14, 2023
e-IPO hits stock market in March

Stockbrokers optimistic about Nigeria’s economic growth in 2023

January 24, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV
  • With NELFUND’s Disbursement of N53b, Nigerian students have cause to celebrate – TMV
  • Profit surge among Nigeria’s loss-making companies indication of economic recovery – IMPI

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us