Though Pastor Kayode denied wrongdoing and claimed all transactions had been authorised by finance director of the institution before they were carried out, the court asked him to pay back the £4m with interests.
But till now, Pastor Kayode is yet to pay the said amount. It was doing this trial that his 53yrs old wife died last year. He will be speaking with the detectives this week, but reports says he has spent most of the cash on extravagant lifestyle and buying a string of properties.
It also appears a huge sum of the school’s money had been paid into a bank account in Nigeria and a company managed by his second wife in Nigeria, identified as Yoni...
The case, kept secret for almost two years now, is believed to be Britain’s biggest ever education fraud
Pastor Kayode started working with them in 1997 and rose to become accounts manager for the whole chain. He was paid £57,000 a year.
The vast sum of money is missing from the Haberdashers’ Aske’s Federation Trust in South London.