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CHURCHES NOW IN ANOTHER DIMENSIONS! CHRIST EMBASSY BANK LAUNCHES, FIRST CHURCH
BANK IN NIGERIA ? MD IS BIG BROTHER NAIJA STAR’S DAD

SquarevossJan 21, 2022Read original

Christ Embassy Bank Launches ! First Church Bank In Nigeria ? MD is Big Brother
Naija Star’s Dad First ? NO NO



Haggai Mortgage Bank (RCCG): A revisit on shelter and the …



I am proud to have stumbled on Haggai Mortgage Bank owned by Redeemed Christian
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The latest entrant into the commercial banking industry in Nigeria is Parallex
Bank, owned by Chris Oyakhilome’s Christ Embassy Church.



The bank which was officially launched on Friday, January 14, 2022, promises to
redefine the banking landscape in Nigeria and Africa at large.



Introducing the bank to the public at the bank’s headquarters in Victoria Island
Lagos, the chairman of the bank, Dr. Pastor Adeola Phillips, CEO of Loveworld
Nation said Parallex Bank is here to make a unique statement about what
innovation can do in an industry that is constantly reinventing.



She further stated that the bank will operate broadly with a competitive
mindset, to disrupt the market and delight customers with very attractive
offers. The goal is to empower the banking public and to drive convenient and
efficient commerce through the bank digital platforms.



She added that the Parallex mobile app offers customers the freedom to do much
more. The app will eliminate inconveniencies and hardships often faced by
customers while carrying out transactions.



Corroborating the Chairman’s claims, the Managing Director of Parallex Bank,
Olufemi Bakre, father to an alumni of Big Brother Naija, Tobi Bakre, said the
bank’s promise to its customers is to be an enabler of limitless banking.



He established that Parallex Bank is the first bank in Nigeria to migrate from a
microfinance bank to a commercial bank. He is convinced that Parallex Bank
limited will achieve more as the bank partners with customers to explore more
business opportunities.



Olufemi said the vision of Parallex Bank is to be the preferred financial
solution provider redefining customer experience through innovation. He assured
customers of excellent banking products and services stating that the bank
offerings are designed to address the yearnings of Nigerians.



With a strong ecosystem anchored around the customer, the bank also has a robust
product portfolio that is customer focused, innovative and simple.



According to Olufemi, the Parallex mobile app has unique features and benefits
that are quite rare in this market. On the app, customers can choose to create
their unique account numbers, increase their transfer limits, make five free
transfers per day to any bank in Nigeria. They can request for free debit cards,
which will be delivered to them for free. They will receive prompt responses to
enquiries.



Beyond the app, Femi added that customers will enjoy zero maintenance fees while
current account holders will further enjoy up to 5% interest rate provided they
maintain a minimum average balance of N100,000 ($200).



The bank which began as a micro-finance bank is now a full blown commercial
bank.

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