BREAKING: Pastor Tunde Bakare's Citadel Church Clears 4 Billion Naira Wema Bank Loan for The Citadel Church Building
"I was dēvàsted and embãrrãssed by the lies that the church is drowning in debt" - Pastor Tunde Bakare
Pastor Tunde Bakare, The Founder of Citadel Global Community Church (formerly Latter Rain Assembly), announced on Sunday that the church has fully repaid the 4 billion naira loan from Wema Bank Plc used to build its Citadel worship complex. Church Gist. Pastor Bakare said the repayment clears all debt acquired for the building of the facility, marking a major financial milestone for the ministry. He said the repayment was done in March 2026 adding that money for the payment was from the sale of the property at Akilo, which was sold at exactly N4 billion
Remember in 2021, Pastor Bakare spoke to clear the air concerning the debt, stating that the Citadel Church Project was financed by 5 banks without a dime of government money.
Pastor Bakare said “We are currently negotiating the interest on the loan which will also be fully paid once the negotiations are concluded.”
He said the loan that the Church took for the building was not from WEMA bank alone but from four other banks which had long been paid off. Church Gist. “We took N1.5 billion from Zenith Bank, N500 million from Fidelity Bank, N250 million from UBA, N100 million from Unity Bank and N4.5 billion from WEMA, with an initial deposit of N500 million to WEMA.
“We needed an approximated ₦12. 1 billion to construct the Citadel. About 50 percent of this sum came from free will donations by members and our allies while the other percentage was from banks. Church Gist. It is very sad and unfortunate that mischief makers alleged that the church got the loan without security, which was a huge lie."
”The loan was guaranteed by our property that houses the church on No.4 Akilo Road, Ogba, and another property at No 30 Kudirat Abiola way, Oregun, Ikeja.
“I was devastated and embarrassed with the lies that the church was drowning in debt,” Bakare said.
He said that he strongly believed that failing to repay debts is a breach of integrity and sign of a wicked heart that lacked compassion which is not Christ-like.
“I thank God we did not drown in debt and I thank all our members and allies that stood by the Church. The completion of the edifice shall end in peace” he added.
#PastorTundeBakare
#CitadelChurch
#ChurchGist
"I was dēvàsted and embãrrãssed by the lies that the church is drowning in debt" - Pastor Tunde Bakare
Pastor Tunde Bakare, The Founder of Citadel Global Community Church (formerly Latter Rain Assembly), announced on Sunday that the church has fully repaid the 4 billion naira loan from Wema Bank Plc used to build its Citadel worship complex. Church Gist. Pastor Bakare said the repayment clears all debt acquired for the building of the facility, marking a major financial milestone for the ministry. He said the repayment was done in March 2026 adding that money for the payment was from the sale of the property at Akilo, which was sold at exactly N4 billion
Remember in 2021, Pastor Bakare spoke to clear the air concerning the debt, stating that the Citadel Church Project was financed by 5 banks without a dime of government money.
Pastor Bakare said “We are currently negotiating the interest on the loan which will also be fully paid once the negotiations are concluded.”
He said the loan that the Church took for the building was not from WEMA bank alone but from four other banks which had long been paid off. Church Gist. “We took N1.5 billion from Zenith Bank, N500 million from Fidelity Bank, N250 million from UBA, N100 million from Unity Bank and N4.5 billion from WEMA, with an initial deposit of N500 million to WEMA.
“We needed an approximated ₦12. 1 billion to construct the Citadel. About 50 percent of this sum came from free will donations by members and our allies while the other percentage was from banks. Church Gist. It is very sad and unfortunate that mischief makers alleged that the church got the loan without security, which was a huge lie."
”The loan was guaranteed by our property that houses the church on No.4 Akilo Road, Ogba, and another property at No 30 Kudirat Abiola way, Oregun, Ikeja.
“I was devastated and embarrassed with the lies that the church was drowning in debt,” Bakare said.
He said that he strongly believed that failing to repay debts is a breach of integrity and sign of a wicked heart that lacked compassion which is not Christ-like.
“I thank God we did not drown in debt and I thank all our members and allies that stood by the Church. The completion of the edifice shall end in peace” he added.
#PastorTundeBakare
#CitadelChurch
#ChurchGist
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This month of resurrection will be most unique for you!
- Bishop David Abioye
#BishopDavidAbioye
#ConquerorsGlobalAssembly
#ConquerorsArena
#SupersonicSunday
#5thApril2026
#ChurchGist
- Bishop David Abioye
#BishopDavidAbioye
#ConquerorsGlobalAssembly
#ConquerorsArena
#SupersonicSunday
#5thApril2026
#ChurchGist
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How I Almost Left My Wife At The Airport In Paris
- Dr. Paul Enenche Narrates Their Challenges They Faced With Logistics After The UK Glory Conference On Friday Night
- Dr Pastor Paul Enenche
#DrPaulEnenche
#DrMrsBeckyPaulEnenche
#DIGC
#ReigningAsKings
#GloryDome
#SupersonicSunday
#5thApril2026
#ChurchGist
- Dr. Paul Enenche Narrates Their Challenges They Faced With Logistics After The UK Glory Conference On Friday Night
- Dr Pastor Paul Enenche
#DrPaulEnenche
#DrMrsBeckyPaulEnenche
#DIGC
#ReigningAsKings
#GloryDome
#SupersonicSunday
#5thApril2026
#ChurchGist
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Why I told my wife never to call me 'pastor'...
- Pastor Isaac Oyedepo
#PastorIsaacOyedepo
#AnazaoGeneration
#TheAnchor
#ChurchGist
- Pastor Isaac Oyedepo
#PastorIsaacOyedepo
#AnazaoGeneration
#TheAnchor
#ChurchGist
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My son asked me this evening (after arriving home and not meeting electricity for hours till this moment of typing), "Didn't they say that Nigeria doesn't have stable electricity?" I said yes. Then he asked "how come we had 100% stable light at Redeemed Campground for about four days at our hotel?"
He echoed what was on my mind. Throughout the four days at Redeemed Campground, the light refused to blink. Not even one opportunity to shout "Up NEPA" 😂
He echoed what was on my mind. Throughout the four days at Redeemed Campground, the light refused to blink. Not even one opportunity to shout "Up NEPA" 😂
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TherealChurchGistChannel
My son asked me this evening (after arriving home and not meeting electricity for hours till this moment of typing), "Didn't they say that Nigeria doesn't have stable electricity?" I said yes. Then he asked "how come we had 100% stable light at Redeemed Campground…
I asked two residents and they said the light is stable, these residents don't have generators. I didn't even see solar panels on roof tops. Self sufficiency in electricity has been from 2012 till date!
RCCG’s electricity system is often cited as an example of private-sector or institutional power solutions in Nigeria,
In RCCG, electricity is generated, transmitted, and distributed internally
using a ~25 MW gas-powered plant. The camp is described as self-sufficient.
It supplies electricity directly to the camp’s: homes, auditoriums, schools and businesses.
They are not dependent on the national grid.
If this interests you, Canaanland is even more audacious with an 80 MW system about to be inaugurated. Presently, it has stable electricity from the existing ~15 MW system and there has been stable electricity for over 20 years!
If RCCG, Cannanland and Geometric Power ~141 MW gas power plant in Aba (which has been stable for two years now) can do it, Nigeria can do it. Say no to "Up NEPA" 😂
Adedeji Odulesi
RCCG’s electricity system is often cited as an example of private-sector or institutional power solutions in Nigeria,
In RCCG, electricity is generated, transmitted, and distributed internally
using a ~25 MW gas-powered plant. The camp is described as self-sufficient.
It supplies electricity directly to the camp’s: homes, auditoriums, schools and businesses.
They are not dependent on the national grid.
If this interests you, Canaanland is even more audacious with an 80 MW system about to be inaugurated. Presently, it has stable electricity from the existing ~15 MW system and there has been stable electricity for over 20 years!
If RCCG, Cannanland and Geometric Power ~141 MW gas power plant in Aba (which has been stable for two years now) can do it, Nigeria can do it. Say no to "Up NEPA" 😂
Adedeji Odulesi
❤11
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A lot Of Africans Tie Their Christianity To What God Can Give Them Immediately.
Anything About Life After Death Still Scares Christians.
-Apostle Emmanuel Iren
#ApostleEmmanuelIren
#CCIGlobal
#SupersonicSunday
#5thApril2026
#ChurchGist
Anything About Life After Death Still Scares Christians.
-Apostle Emmanuel Iren
#ApostleEmmanuelIren
#CCIGlobal
#SupersonicSunday
#5thApril2026
#ChurchGist
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Conquerors Global Assembly will be one year in May 2026!
We can't thank God enough for what He has done within one year, particularly for the Conquerors Arena.
- Bishop David Abioye
#BishopDavidAbioye
#ConquerorsGlobalAssembly
#ConquerorsArena
#SupersonicSunday
#5thApril2026
#ChurchGist
We can't thank God enough for what He has done within one year, particularly for the Conquerors Arena.
- Bishop David Abioye
#BishopDavidAbioye
#ConquerorsGlobalAssembly
#ConquerorsArena
#SupersonicSunday
#5thApril2026
#ChurchGist
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