A church Salvation Proclaimer Ministries Limited owned by a Nigerian Tobi Adegboyega has been closed down by the United Kingdom High Court over alleged financial mismanagement and lack of transparency in its operations
The UK government announced this on its website on Friday, saying the church, popularly known as SPAC Nation, was closed “in the public interest.”
The statement revealed that the 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 statement partly read, “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.”
According to the statement, the SPAC Nation, which was incorporated on September 10, 2012, initially had positive reviews and media attention, adding that it “was subject to media scrutiny following allegations by former church members that they had been financially exploited by senior church personnel” by late 2019.
“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.”
