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Monday, May 16, 2022

Wema Bank not after Tunde Bakare over N9 bln loan ~CEO

Nigeria’s Wema Bank has said that it has not plan to embarrass a cleric and founder of Citadel Global Community Church formerly known as Latter Rain Assembly in Lagos, Tunde Bakare, over a N9 billion facility he allegedly obtained from the bank.

In a statement by the Chief Executive Oficer of the bank, Ademola Adebise, the bank said Bakare, who was once a vice presidential candidate to President Mohammadu Buhari, has maintained a credible relationship with the bank as a customer and there was no basis for the lender to contemplate any action to humiliate him.

The Wema Bank MD/CEO, Adebise, said: “I would want to address the recent news in the public space regarding our customer and in particular the main promoter Pastor Tunde Bakare.

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“While we are constrained by the reason of confidentiality to respond in details to this publication, we however want to confirm that the customer has maintained a credible relationship with our bank and there is no basis for us to contemplate any action to humiliate our customer.

“Furthermore, we will like to reassure our shareholders and customers that the bank has and will continue to operate with the highest level of corporate governance, following all rules, policies and procedures.”

Recall that in the last few days the social media has been awashed with a report of Wema Bank purportedly ready to go to any length to recover a N9billion debt owed by Pastor Tunde Bakare, being a loan obtained by the cleric to build his magnificent church in Oregun area of Lagos.

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