Pastor Tunde Bakare, the Serving Overseer of the Citadel Global Community Church, announced during a service on Sunday that the church has successfully cleared its outstanding N4 billion loan facility obtained from Wema Bank Plc.
The borrowing was originally secured to finance the construction of the church’s prominent Citadel building in Lagos.
This development marks the complete settlement of the principal amount.In his address to the congregation, Pastor Bakare confirmed the full repayment of the debt and noted that discussions are currently underway regarding any associated interest charges, which the church intends to resolve promptly upon conclusion of the negotiations.
The announcement was made as part of the church’s thanksgiving service commemorating its 37th anniversary, highlighting a significant milestone in the institution’s financial management.
The repayment brings to a close a notable financial obligation that had previously drawn public attention.
It reflects the church’s commitment to fulfilling its commitments and maintaining fiscal responsibility following the completion of its major infrastructural project. This achievement is expected to strengthen the organization’s standing within the religious community and among its stakeholders.
