Following recent publications on a facility taken by the Citadel Global Community Church (formerly known as the Latter Rain Assembly), Wema Bank maintains that the there is no cause for concern.
The bank’s representative stated that “while we are constrained by reason of confidentiality to respond in detail 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”.
In addition, the bank said: “We would also 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. The management of the Bank under the leadership of the former MD/CEO, Segun Oloketuyi followed due process, including obtaining adequate security, in granting the said loan as indeed all other credit facilities.
Wema Bank commits to best in class practices and due diligence in all transactions with all customers.