BusinessInside Nigeria

N9bn Loan: WEMA Bank Defends Tunde Bakare

...Says: He is a credible customer

WEMA Bank has come out strongly in defence of Dr. Tunde Bakare, the Serving Pastor of Citadel Global Community Church, rubbishing a viral report that insinuated that the popular Pastor was swimming in debt, and his Cathedral was at a possible risk of recovery by the bank.
But in a press statement, the Managing Director/Chief Executive Officer of WEMA Bank, Mr. Ademola Adebise, put the lie to the report, declaring that Pastor Bakare “has maintained a credible relationship with our bank and there is no basis for us to contemplate any action to humiliate our customer.”
Below is the full text of Ademise’s rebuttal:
I would want to address the recent news in the public space regarding our customer and in particular the main promoter, Pastor Tunde Bakare.
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.
Thank you
ADEMOLA ADEBISE,
MD/CEO WEMA BANK
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