Nigerian Preacher Accused of Defrauding British Schools of £4million and Squashing it on Two Wives and Luxury Items

Nigerian Preacher Accused of Defrauding British Schools of £4million and Squashing it on Two Wives and Luxury Items
Nigerian Preacher Accused of Defrauding British Schools of £4million and Squashing it on Two Wives and Luxury Items

Nigerian Preacher Accused of Defrauding British Schools of £4million and Squashing it on Two Wives and Luxury Items

Nigerian-born accountant and preacher Samuel Kayode has been charged to court following accusations that he defrauded a leading UK school chain of £4million.

According to Daily Mail, the 60-year-old who earned £57,000 per year, worked for seven years as the accountant of Haberdashers’ Aske’s state schools in Britain. However, he led a luxury life above his means, spent incredulous sums on designer wears, and also paid £98,000 a month to a private healthcare taking care of his dying wife. He reportedly also had a second wife in Nigeria.

However, the accountant who also was a preacher at his church was exposed in 2012 after a whisteblower reported him to the chief financial officer of the school.

During his arrest, here’s what Daily Mail reports he had:

..he had a new Mercedes, a new £40,000 Infiniti luxury car, an Audi TT sports car, at least four properties in Britain and more in Nigeria. He had also made plans to move permanently to Africa with his younger second wife.”

Upon his arrest, Kayode refused to make comments to “every and each” police question. Finally, he has been charged and now is facing charges of “obtaining £150,000 by theft and £3.95million by fraud” at the Woolwich Crown Court in South London.

On how he was able to move the said amounts:

Kayode was able to move huge sums of school money through the BACS financial system, allegedly arranging it so he alone could authorise payments rather than the usual system requiring two signatures.

Analysis of Kayode’s work computer and other material revealed his lavish spending and how money had been transferred directly from the school into his private joint account with his wife in London, Grace, who died aged 53 in 2013. Stolen money funded private healthcare for her, it was claimed. It was alleged that more money was ‘laundered’ by being moved on to a Nigerian business called Samak – after his own name, Sam A Kayode.

Speaking with the jury, Prosecutor James Thacker said, “the fraud is believed to be Britain’s biggest education fraud.”

Kayode’s trial continues.

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