Nigerian Accountant Defrauds A UK Academy Of £4 Million (PICTURED)

Nigerian Accountant Defrauds A UK Academy Of £4 Million (PICTURED)

By Joy Abobi | News Reporter on July 22, 2014
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A Nigerian accountant, Samuel Kayode is under investigation for allegedly defrauding Haberdashers’ Aske’s chain of academies in United Kingdom of four million pounds.

Accountant: Samuel Kayode, 57, was told by London's High Court to pay £4.1million back to the Haberdashers' Aske's chain of academies

This investigation was carried out after the said money was found in his personal account without proper explanation.

The 57-year-old part-time pastor of the Christ Apostolic in South London had started working at Hatcham in 1997 with a good salary of  £57,000 a year and due to his outstanding performance  had become the chief accountant for the academy

Trouble started for Kayode in October 2012 when a large sum of money was missing from the trust account which led to his assets and that of his late wife frozen.

The self made millionaire was known for spending  much money on extravagant lifestyle and properties.

After series of investigation, it was discovered that a huge amount of money believed to be the missing money had been paid into a bank account in Nigeria under a company called Samak, which is said to be run by Kayode’s second wife Yoni.

Meanwhile, Kayode who had been arrested in October 2012 and ordered by the court to pay back the alleged missing money is yet to charged with any crime as he had denied all allegations claiming  ‘all transactions had been authorised by the finance director’.

According to the High court, the £4 million fraud is believed to be Britain’s biggest ever education fraud.

 

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