News by email Donate

Suggestions

Top Stories

Most Read

Popular Videos

spac-nation-main_article_image.png
SPAC NATION
UK News

London church denies financial exploitation of members

SPAC Nation has been praised by government ministers for its programmes bringing young people out of a life of crime but an investigation by the Huffington Post claims some pastors at the church have been targeting vulnerable people and asking them to take out loans of up to £5,000 which are then invested in crypto-currency.

The report says often those taking out the loans are left in debt while the pastors are then seen wearing expensive clothing and jewellery.

Toye-Mary Sofidiya, who lives in east London was one of several former members of the church to speak with the online news site.

She said: "I feel like I was targeted. I feel like they took advantage of me. I feel like I was deceived, lied to because they knew I trusted them."

Responding in the Huffington Post report, Daniel Ogoloma, a spokesman for SPAC Nation, said: "We see it as an intentional smear campaign also based on gossip.

"SPAC Nation has never and will never coerce anyone.

"We have given to many, we have helped countless people, which we will keep doing and will always focus on doing so."

The report states that all the pastors mentioned by the former members deny the allegations.

Premier has contacted SPAC Nation for further comment.

Stay up to date with the latest news stories from a Christian perspective. Sign up to our daily newsletter and receive more stories like this straight to your inbox every morning.

Continue the conversation on our Facebook page

A Monthly Gift Of £8 Makes A World Of Difference

In a world of fake news there’s never been a greater need for quality Christian journalism. Premier’s mission is to provide the Church with the most up to date and relevant news, told from a Christian perspective. But we can’t do it without you.

Unlike many websites we haven't put up a paywall — we want to keep our journalism free at the point of need and as open as we can. Premier’s news output takes a lot of time, money and hard work to produce. No one in the UK is sharing news like we are across radio, magazines and online so please help us to continue that today.

For a monthly gift of £8 or more we’d also be able to send you a free copy of the brand new Premier Bible, a wonderful Anglicised version of the NLT packed with exclusive bonus content, reading plan and resources to help you get the most out of scripture.

Your monthly support will make a world of difference. Thank you.

Set up a monthly gift

Related Articles

Sign up to our newsletter to stay informed with news from a Christian perspective.

Connect

Donate

Donate