₦airaland Forum

There is an alleged skirmish brewing between Lagos Pastor, Tunde Bakare and WEMA Bank over an alleged N9 billion loan The alleged loan was used to finance the building of the Citadel Global Community Church in Lagos Unconfirmed reports say the bank is making a frantic effort to recover the loan which was initially N4.5 billion and accumulated to N9 billion Your support matters.

Sustain independent journalism in Nigeria – contribute to Legit.ng. It is not yet clear if the news making the rounds in many quarters is anything to go by about the alleged N9 billion loan given by WEMA bank to Citadel Global Community Church owned by Pastor Tunde Bakare in Oregun. Lagos. According to multiple accounts, WEMA Bank is allegedly making frantic efforts to recover the loan given to the fiery clergyman to use to build the 5,000 seater auditorium, annexes, atrium, library, food court, amongst other things.

The alleged N4.5 billion loan Legit.ng cannot independently verify the news but sources say the bank has initiated moves to get the loan repaid after the exit of its former Managing Director, Segun Olekutoyi who is said to be a close friend of Tunde Bakare.

The initial N4.5 billion allegedly had an accumulated interest amounting to N9 billion which has made it hard for the church to repay. Read more:

COVID-19 pandemic to blame? Unconfirmed sources noted the COVID-19 affected the repayment of the loan by the church after Nigerians were forced into a lockdown that lasted several weeks and restricted large gatherings. There is no official statement from both parties about the development but social media is awash over the development. Response needed As of the time of filing this report, WEMA Bank is yet to respond to an email by Legit.ng seeking clarification on the matter.

The bank generated an auto-response to Legit.ng's query. The auto response read: "We would like to acknowledge receipt of your query and inform you that a ticket has been created with tracking number 911855. Be assured that your query is currently receiving the necessary attention. A personal response will be provided by our support representative within 24 hours and your query should be resolved within 72 hours. Should there be a need for an extension of time in resolving this query, we would inform you accordingly and provide regular feedback until a resolution is achieved."

https://www.legit.ng/business-economy/money/1449491-uncertainty-over-wema-bank-pastor-bakare-alleged-face-off-over-n9bn-loan-used-build-church/

Wow ,why is all this happening

kettykings:
Wow ,why is all this happening

All those hypocrites that packaged this disastrous APC regime should get ready to collect! God is not mocked!

Same blog giving the news also saying it can't be verified

The alleged N4.5 billion loan Legit.ng cannot independently verify the news but sources say the bank has initiated moves to get the loan repaid

Not surprised...

He is not the first,

As a rich Nigerian, is either you support yourself with debt, corruption or crime, l know the tribe of criminals will be the one to condemn him

Hmmmmmm

And he was busy funding elrufai campaign with 500m

Gbese is gbese !!

Why should house of God be built on Bank loan??

Why would Bakare give out the church altar to Elrufai to speak politics right on Sunday service anytime Elrufai visits Lagos??

How many Imams would allow Peter Obi to come before the congregation and speak politics in Friday's Jumaat prayers??

How did he say he was going to repay the loan?

And this one has been consistent in his critiscm against Oyedepo's private jet

Let them be patient, soon politicians will start paying pastors ahead of 2023

How can a bank give out 4.5 billion naira depositors funds as loan to a non profit organization a church and expect repayment, this is ridiculous, is the CBN no longer supervising these banks anymore? How can such transaction occur without the approval of the CBN? We are sick in this country.

See the moral compass judging Tinubu, remain primate Ayodele

SlyDev:
See the moral compass judging Tinubu, remain primate Ayodele

He was judging Tinubu so Tinubu can settle him. Pastors and Politicians are not different from each other,all they know is money and living the best life money can offer.

Kabongo1:
How did he say he was going to repay the loan?

He was going to pay through tithes and offerings.Nigerian banks are one of the useless institutions in Nigeria that lack foresight everything is padipadi.

Them dey borrow money build Church?
No wonder there is hunger everywhere in Nigeria.

This one bait don come public, most of these men who own churches has businesses they run with their family which is established with church funds and end up never making returns to the church purse that's why any time they stand on the pulpit and say they've never borrowed a dime like Oyedepo said just know that the real borrowing is going on somewhere on behalf of the church. Las Las na the poor Nigerians dem dey always place bait on and guess what, dem no dey ever fail but this one E be like things hard small for him church members but the government should hold on cause January's first fruit is coming which ofcourse is a heavy cash out to the church. Look at how demeaning Humans can be! First fruit in a dry season as January and someone is still collecting all from another person after knowing this? Yet this my country people worship them as gods. They complain of government and shield the church forgetting the church is the government, Tua!

Meanwhile do you want to join Nigeria trending news whatsapp group? Scan the QR code.

masseratti:
How can a bank give out 4.5 billion naira depositors funds as loan to a non profit organization a church and expect repayment, this is ridiculous, is the CBN no longer supervising these banks anymore? How can such transaction occur without the approval of the CBN? We are sick in this country.

Guess what
No Collateral...
While the SME's are suffering with their real talent
The so called god of men keep corrupting our system to get uncolateralised loans...God will expose these useless thieves that sit on creative peoples destiny...

ebufa:
All those hypocrites that packaged this disastrous APC regime should get ready to collect! God is not mocked!

Almanac Almijirin so it was APC that made you a Failure amongst 220 million people like you in Nigeria?

So The Angels of prosperity couldn’t pick you out of the masses to bless you? Sorry for you, not to worry your messiah pdp is coming to save you.

Wa ooo

Benbellamor:
Guess what
No Collateral...
While the SME's are suffering with their real talent
The so called god of men keep corrupting our system to get uncolateralised loans...God will expose these useless thieves that sit on creative peoples destiny...

What concerns you? Is it your bank? They will give their money to whom they feel is capable of paying, even the richest of he richest default on their loans, you restructure it.

We all know the story of super investor Otunba Oba Otudeko

The miscreant that was abusing Nigerian youths some months back has been disgraced by the God of the Nigerian youths.

Very good. The church kwa no fine. He just misused the space

Unverified news!

The fake political pastor used the money to finance his political interests. The bank should squeeze him to pay back the debt.

favor914:
Almanac Almijirin so it was APC that made you a Failure amongst 220 million people like you in Nigeria?

So The Angels of prosperity couldn’t pick you out of the masses to bless you? Sorry for you, not to worry your messiah pdp is coming to save you.

Has the pdp been in power for the past 79 months?! abeg drop that kaikai you are drinking!

Nigeria!

I don't know why anyone would take a loan to build or expand a church.

When anything gets to Nigeria, it gets bastardised and religion is not an exception

Yoruba pastor

Benbellamor:
Guess what
No Collateral...
While the SME's are suffering with their real talent
The so called god of men keep corrupting our system to get uncolateralised loans...God will expose these useless thieves that sit on creative peoples destiny...

i tire ooo

Collect the building from him simple,

He can preach on the streets!

After-all our messiah did too!!

Pastorpreneurs