Tuesday, June 28

UK jails Nigerian accountant/pastor Sam Kayode 9 years over £4.1 million fraud

A Nigerian, who works as a school accountant in the United Kingdom, was on Friday given a 9-year jail term by a Woolwich Court after he was convicted of stealing about £4.1 million of school funds.
Dailymail reports that the vast sum of money was missing from the Haberdashers’ Aske’s Federation Trust in South London.

Identified as Sam Kayode, the 59-year old was also said to be a part-time pastor.

Kayode was said to have spent the money on his late wife, Grace, a second wife, Olubunmi Halima, 33, and two other female partners, names given as Toyin Lawal, 50 years old and Yetunde Turtak.

The court sentenced Kayode, who gets £57,000 a year wage, after he was found guilty of obtaining £150,000 by theft and £3.95 million by fraud. He constantly looted the school account for 7 years until he was apprehended in 2012, after a school cleaner came across his paper work and made an anonymous call to the Chief Financial Officer.

He claimed to have moved the money to Nigeria where he has a £1 million empire with Halima but the Trust could not recover any asset from Nigeria.

They were, however, able to recover only £800,000 from the total money he stole.
Apart from spending money on his real wife Grace’s private health care until her death in 2013, he also signed documents showing he was making investments with Halima, and renting flats in Kent for ‘partners’, Toyin and Yetunde.

During trial, Kayode tried to blame the theft on his late wife Grace and an office junior, saying that they conspired to smear him by transferring the money to his joint account in revenge for his adultery.

He denied having affairs with the other women, and said that he lied about marrying Halima.

However, Toyin also denied they were lovers, saying that as her pastor, he paid for her rent for one month when she was short of cash.

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