UK News

Spac Nation Wound-Up In Court After Failing To Account For £1.87m Of Outgoings

Spac Nation Wound-Up In Court After Failing To Account For £1.87m Of Outgoings
UK News

Spac Nation Wound-Up In Court After Failing To Account For £1.87m Of Outgoings

Spac Nation Wound-Up In Court After Failing To Account For £1.87m Of Outgoings

Spac Nation church have receiveda court order after failing to account for £1.87m of outgoings

Pastor Tobi Spac Nation

Spac Nation are being taken to court after failing to account for more than £1.87 million of outgoings.According to the government website, SPAC Nation went to High Court on June 9th after receiving complaints about their activities.Investigators interviewed one of the company directors, Pastor Dapo, who claimed that Spac Nation had over 2,000 members and 200 ordained ministers.

However, he failed to provide supporting information.After further enquiries, it was discovered that SPAC Nation "either failed to comply or only partially complied with statutory requirements"This included providing data about claimed donations or accounting records to support their 31.87M of expenditure.The court concluded that the company operated with a "lack of transparency, filed suspicious or incorrect accounts, and was insolvent at the time of the hearing".

Edna Okhiria, Chief Investigator for the Insolvency Service, said in statement: "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 chief added: "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."

Earlier this year, the church's Pastor Tobi addressed the accusations that female church members were grooming young girls by luring 13-16-year-olds to free brunch groups.Taking to Instagram, the pastor said: "I completely disagree with age-bracket outreach. I don't think it's logical and then no matter what the good intention is, the look is not good enough."The look is not good enough, there has to be responsible outreach. It has to be responsible, it has to be parental, it has to be legal. So that's my own personal option, that's my advise to the church."

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