Salvation Proclaimer Ministries Limited, most commonly known as SPAC, will challenge a High Court decision to wound up the church for not clearly disclosing how £1.87 million were spent. 

In an Instagram video published on Father's day, global pastor Tobi Adegboyega said the church had already "given all documents" necessary to appeal the decision. 

It's after the Insolvency Service decided SPAC "operated with a lack of transparency, filed suspicious or incorrect accounts and was insolvent at the time of the hearing". 

The church had been registered as a charity since 2012 with the aim of helping young people and offenders. 

But since 2019 the church has faced continuous allegations of fraud and manipulation, with some even suggesting there were getting youngsters to take out loans of up to £5,000 to invest in cryptocurrency.

The church has always denied any wrongdoing. 

In his video, Pastor Tobi said the organisation is "not perfect" but reassured congregants the church has always been transparent with its financial management. 

He said: "We will challenge decision but the church of God cannot be stopped. The church is a people.

"We have operated by the highest standards of transparency for the past 17 years and you cannot do extremely and perfectly right, especially when the system doesn't want you." 

No details have been released yet about the church's appeal.  

Premier has approached SPAC Nation for comment.