Friday, 25 July 2014

Nigerian accountant's £4million 'fraud' at academies Gove hailed: Staff member said to have spent cash on extravagant lifestyle

Kayode's assets and those of his wife Grace (pictured), who died aged 53 last year, were frozen        Accountant: Samuel Kayode, 57, was told by London's High Court to pay £4.1million back to the Haberdashers' Aske's chain of academies

*Samuel Kayode, 57, was an accountant at Haberdashers' Aske's academies
*Under investigation after £4million of school funds ended up in his accounts
*Alleged to have spent much of cash on extravagant lifestyle and properties
*The High Court case is believed to be Britain's biggest ever education fraud

An accountant at a chain of academies championed by Michael Gove is at the centre of a fraud investigation after £4million of school funds ended up in his personal accounts.

Nigerian-born Samuel Kayode is said to have spent much of the cash on an extravagant lifestyle and buying a string of properties.

The 57-year-old part-time pastor was told by the High Court to pay £4.1million back to the Haberdashers’ Aske’s chain of academies more than a year ago.

He has failed to do so, and it is feared most of the cash has been transferred to Nigeria.

The case, kept secret for almost two years, is believed to be Britain’s biggest ever education fraud.

Although Kayode was arrested in October 2012, police have yet to charge him with any crime.

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1 comment:

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