Pastor Tobi Adegboyega's London based church, Salvation Proclaimer Ministries Limited (SPAC Nation) has been ordered to shut down their activities after failing to account for more than £1.87m of outgoings, and running with lack of transparency.
SPAC Nation, which was founded in 2012 to promote Christianity, ended up at a High Court on June 9, 2022, before Judge Burton, according to the government's Insolvency Service.
Despite not having a single base of its own, the company's financial papers show £610,000 in rent for the two years ending December 31, 2019, despite the fact that they would book locations across London to hold services.
Investigators also spoke with Adedapo Olugbenga Adegboyega, aka Pastor Dapo, one of the company's directors, who claimed the church organization had over 2,000 church members and 200 ordained preachers and pastors. He did not, however, present any evidence to back up his statements.
The court has found that the church, which was previously praised as a symbol of hope for ex-gang members by UK politicians, operated with lack of openness, filed dubious or erroneous accounts, and was insolvent at the time of the court trial.
The lead investigator for the Insolvency Service, Edna Okhiria 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."
Companies can be required to administratively close and cease to exist under that name on the Companies House registry, but they can also reappear under a different name, which has been known to happen in the past.
In June 2020, SPAC Nation relaunched as Nxtion Family, a month after head preacher Tobi Adeboyega disclosed his resignation as leader, however he remains one of the leaders of the organization.
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