Isn’t the church in Nigeria a business?


Pastor Tunde Bakare

Pastor Tunde Bakare borrowed 4.5 billion naira from Wema Bank to build a state-of-the-art church in the hope of paying when the church grows. It doesn’t and Covid-19 has made its business worse.

Now it has risen to 9 billion naira. And he has to pay it or lose his church.

This is a pastor who claimed to have been born to succeed President Muhammadu Buhari. He spoke factually and his congregation cheered and applauded.

He’s a pastor who has a lot of people following him who believe he’s a man of God. Educated. Rich. Well-informed, well-traveled people.

When I talk about these pastors, some of my friends will call me for my head. How are they going to defend this?

“Wema Bank has stated that it is ready to do anything to collect the N9 billion debt owed by the general overseer of the Citadel World Community Church, formerly known as the Latter Rain Assembly. , Pastor Tunde Bakare.

“It was understood that the lawyer turned clergyman applied for a loan to build his state-of-the-art church auditorium in Oregun, Ikeja and was unable to repay the loan.

“The clergy collected an unsecured loan of 4.5 billion naira, but their inability to manage it pushed the number up to 9 billion naira.

“There are reports that Pastor Tunde Bakare exploited his relationship with the former managing director of the bank, Segun Oloketuyi to collect the loan.

“He had a close relationship with the bank and was always present at almost every function of the bank. When Wema Bank celebrated its 70th anniversary in 2015, he was there and he also maintained a strong relationship with the former CEO of the bank, Segun Oloketuyi.

“Pastor Bakare had planned to repay his loan once his church got bigger, the more prosperous it would become, but the COVID-19 pandemic disrupted his plan as most churches were locked up and following COVID-19 protocols . Its projection did not materialize and the loan amounted to 9 billion naira ”.

What else am I saying?

The day we realize that religion as practiced in our climate today is both commercial and political, the best for all of us.

Imagine what an industry built with 4.5 billion naira would have done in the life of a people in desperate need of a job!

Would that prevent people from following him? Certainly not. Religion also thrives on networking.


Source: Facebook

Jerry B. Hatch