Pastor defrauds UK schools, spends the money lavishly

A Nigerian pastor is currently facing possible jail term for fraud 

A Nigerian pastor identified as Samuel Kayode, has been charged to court for committing massive financial fraud in the UK.

Kayode wh0 is also a qualified accountant, had practiced his profession at the Haberdashers' Aske's state schools for seven years prior to his arrest.

The father of four who was also a pastor in his church, was exposed in 2012 after he was reported to the chief financial officer of the school. He had stolen about £4million by the time he was discovered.

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60-year-old Kayode was earning an annual salary of  £57,000, but was reportedly living way above his means, spending lavishly on designer wears, luxury cars and landed properties in both UK and Nigeria.

Kayode had also spent £98,000 per month to provide private healthcare for his wife who was dying (she eventually died in 2013). He reportedly went to work late each day wearing Gucci and Versace, which were way above his salary and eventually started raising eyebrows.

He was also sending some money through a business he opened in his name, (Sam A Kayode -SAMAK) to a second wife whom he had secretly married in Nigeria.

At the time of his arrest, he reportedly 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 concluded plans to permanently relocate to Nigeria to continue living with his second wife.

Kayode had reportedly said 'No comment' to all the questions he was asked by the police while undergoing interrogation. He is now facing charges of “obtaining £150,000 by theft and £3.95million by fraud” at the Woolwich Crown court in South London.

Kayode was able to pull off what is known as 'Britain's biggest education fraud' by arranging to move money through the BACS financial system only if he authorizes payments himself, instead of having two people sign it.

After a careful search of his work computer, it was revealed that some money had been transferred from the school's account into a joint account he owned with his wife in London.

Here's what prosecutor James Thacker told the jury: 'Samuel Kayode used his position to defraud over £4million. It was spent on luxury motor vehicles, property, and sent to Nigeria. His dishonesty and sheer greed is scandalous. It is believed to be Britain's biggest education fraud.'

Hmmm...Na wa oo!

Source: Legit.ng