Pastor Bakare In N9Billion Wema Bank Loan Mess
By Samuel David On Dec 27, 2021


A new generation commercial bank, WEMA is releasing a stinking development involving an unserviceable loan to the tune of N9 billion taken by Pastor Tunde Bakare of the Citadel Global Community Church (formerly known as the Latter Rain Assembly).

According to feelers from the headquarters of the Church, the loan was taken to build the new multi-billion naira auditorium, but payment plan seems to have been obstructed by the COVID-19 pandemic.

Following a decision taken by the WEMA Bank management to retrieve all unserviceable loans, the Senior Pastor of the Citadel Global Community Church, Pastor Tunde Bakare featured prominently that “from 2022 financial year, he should refund the principal and accrued interest of the loan to the tune of N9 billion.”

Bakare’s Church which is located in Oregun, Ikeja Lagos, was built by the uncollateralised loan which its founder, Bakare acquired to the tune of N4.5billion. The source hinted that he got the loan easily as a result of his closeness to the top management of the Bank, but the loan was unserviceable until its interest grew to the tune of N9 billion.

From the proposal to the building of the multi-billion edifice, Pastor Bakare didn’t envisage disruption in the form of COVID-19 as it were, unfortunately, the the Church under his management has fallen short of repayment target due to the COVID-19 even as much revenue was not forthcoming.

GOFRONT:


Chaiiii

Jokerman:


Sometimes men of God do questionable things...

I would never have believed that Pastor Kumuyi can attend PFN meeting or even invite outside gospel ministers to officiate in his church after all these years..

Recently I am shocked to hear that Governor Diri has two wives, and many pastors have drawn him close and close (except these pastors do not know

Now someone took loan, and refused to pay back all these years... now when they start asking fir their money, we'll start hearing of persecution.

Well pastors are also human like us.

They need our prayers to make sure they always stand, as they also are praying fir us... the devil is throwing many fiery darts...

May God continue to strengthen us to keep doing the right thing....

petra1:


I thought they said they built that place without owing any Bank!