A former college finance boss who stole £200,000 from a sixth form and falsified a DBS check to cover up a previous police investigation has been banned from running schools.
Olakunle May Emiola Oluwadare, also known as May Dare, was jailed after defrauding the Big Creative Academy between 2018 and 2021 while working as chief financial officer.
The 16-to-19 free school in east London focuses on preparing pupils for careers in the creative industries – and more than half are eligible for free school meals.
The stolen cash could have paid for two teachers, mental health support for vulnerable students and hardship funds, Snaresbrook Crown Court heard.
The 65-year-old was jailed for 32 months in April 2025 after pleading guilty to fraud by abuse of position, fraud by false representation, and concealing, disguising, converting, transferring or removing criminal property.
The Department for Education has now banned him from any role running schools. The order does not extend to further education because a plan to introduce banning powers in FE, detailed in last year’s white paper, is yet to be put in legislation.
However, the government told FE Week that the nature of the offences means that Oluwadare would be disqualified from being a charity trustee under charity law and therefore could not become a governor or trustee of an FE college.
In sentencing remarks obtained from the courts, Judge Alex Gordon said Oluwadare committed the fraud in a role in which “you were expected to safeguard, at least not to act against the financial interest of the academy”.
In late 2021, the school was contacted by a whistleblower about Oluwadare’s previous employment. The letter included a cutting from an article published by FE Week in 2017.
In the story, FE Week reported that Oluwadare had been appointed as finance director of Epping Forest College despite having left his previous post at Hackney Community College amid an investigation into financial irregularities.
No charges were brought against him, Judge Gordon said, but the article’s disclosure “sent alarm bells ringing” for Big Creative Academy’s leaders, who investigated his DBS checks and financial dealings with the school.
The investigation “established that there were many, many payments that you had made in your role as head of finance that were wholly unaccounted for”, Judge Gordon said.
These included payments to two bank accounts, and some logged to the London Borough of Havering. False invoices were also generated.
The order also revealed that some of the funds were transferred to a nominated account in Nigeria, “so in other words, money laundering”, Judge Gordon added.
“And then a Lloyd’s account, under the name of K Oluwadare, demonstrated that it had received a turnover [of] £70,000 in under a year. And the account, as I have indicated, transferred funds from that account again to the account in Nigeria.”
Judge Gordon told Oluwadare the “upshot” of the investigations was that about £200,000 had been “stolen by you”.
“You sought to cover your tracks, so you falsely entered payments in journals. You wrongly coded amounts. You used incorrect account numbers and you falsified invoices.
“This was plainly a well thought out deception which had been going on for quite some time, and it involves a lot of money being taken from an institution which caters for the education of vulnerable young people.”
‘Personal loss as well as financial loss’
In sentencing Oluwadare, Judge Gordon said he had to consider the level of impact his offending had on the school and its principal, Sacha Corcoran, “so not just the financial loss but the personal loss”.
He had read a statement from the principal, who he said “has been left distraught that a trusted member of her senior team would steal from the academy and young people”.
The court heard around half of pupils relied on hardship bursaries for travel and lunch, while more than 60 per cent received free school meals. Twenty per cent had special educational needs and may require support with mental health.
“All of these much-needed types of support obviously costs a good deal of money, and the amount of money that you have stolen, she estimates, would have paid for the salary of two teachers for three years, counselling and mental health support for the students,” said Judge Gordon.
“And she says that various activities, such as trips, access to hardship funds, paying for guest speakers and work transport, were all impacted because the school was told by you that the budget could not afford it.
“In reality, had you not stolen the money these things could have been provided, and so that is a very real impact that your offending has had on the children at that school.”
Judge Gordon also said the emotional impact on Corcoran “will be felt for many years”.
He explained that she had told the court she had experienced “many sleepless nights questioning what I could have done differently. Questioning the judgment and the trust I gave to Mr Oluwadare. And the question [of whether] I could have done anything different nearly caused me to walk away from the job that I love.
“Trust and integrity are part of our core values. I and the staff are still in shock that anyone could come to this organisation with this clear intent to steal, and it will take us all a long time to get over it.”
‘Serious detrimental effect’
Gordon said the fraud had a “serious detrimental effect” on both the school and Corcoran, which increased the potential maximum sentence.
In mitigation, the judge considered Oluwadare’s age – 63 at the time of the sentencing – and that he had never been convicted of a crime before.
Oluwadare also “co-operated with the investigation thoroughly”, admitting the offending in interviews and repaying the money.
Judge Gordon said it was “obvious” he was “deeply ashamed” of his behaviour.
“You have [brought] shame on yourself and shame on your family.”
The judge also accepted that “to an extent you committed this offence because you were concerned about your brother”, and that some of the money was used to pay for an operation.
But he also noted that Oluwadare was “pretty well off, quite frankly”.
Oluwadare had joined Big Creative Academy in 2018, initially earning £50,000 a year for three days’ work per week, the court heard. By 2020, he was full-time, and his salary rose to £90,000.
“One would have thought you might have been able to assist him without having stolen from the school. Plenty of other people manage to help their friends and family without recourse to theft,” the judge said.
Gordon also took account of the “significant delay that has taken place in this case”, with the investigation starting in 2021 and the sentencing not happening until 2025.
The judge said the mitigating factors justified “a significant reduction in your case from the starting point of six years”.
Sentencing him to 32 months in prison, Gordon said he would serve up to half of his sentence before being released on licence.
Questions over recruitment
FE Week’s previous reporting had raised questions about how Oluwadare was able to get a job at Big Creative Academy in the first place.
In a statement, the school said he was appointed “through a credible recruitment agency specialising in senior leadership appointments.
“The agency conducted pre-employment checks, including obtaining a current DBS that was in date, with no concerns listed on it.
“Reference checks were completed and provided to the academy by his previous employer New City College (formerly Hackney Community College), and again no concerns were listed.”
Contacted by FE Week about the reference, New City College said it had stated that Oluwadare had been dismissed for gross misconduct in a reference requested in 2021.
But Big Creative Academy said the original reference provided upon his employment in 2018 “made no reference to any concerns relating to conduct.
“Only during our investigation and as part of our evidence gathering, we went back to the New City College and asked for a further reference and information relating to the case that was on the DBS.
“The second reference dated 24 August, 2021, gave details on his dismissal and allegations of financial irregularities that were not in the first reference.”
Fake DBS
Big Creative Academy said it requested a renewal of Oluwadare’s DBS in 2021, in line with its policies.
“Coincidentally it was around the same time as we received a whistleblowing disclosure,” the trust said.
The school said Oluwadare provided his renewed DBS by email, but Corcoran requested sight of the original paper document.
The school found information pertaining to a previous police case “had been deliberately removed from the emailed DBS. This was an attempt to mislead the academy and withhold information.”
The paper DBS “detailed a previous police investigation relating to financial irregularities at another college”. Oluwadare was suspended while the matter was investigated and later dismissed for gross misconduct.
Information about the previous investigation also led the principal and board to commission a “forensic audit of academy finances”, Big Creative Academy said.
Certain matters were referred to the police, and “this resulted in a police investigation, an arrest, and criminal charges.
“The academy was committed to pursue this case to the legal conclusion and ensure May Dare was held accountable for his fraudulent actions.
“Given the previous investigation at another college, the academy felt compelled to ensure justice was served.
“The academy also worked with the Department for Education to ensure that he would not be able to work in the sector again completing the section 128 barring process.
“The police did an excellent job in recovering all the funds stolen and securing a conviction, with the support of the academy senior team, board, external auditors, sponsors, and Department for Education.”