HSBC Closes RCCG Bank Account In USA; Dont Want To Deal With Nigerians

One of the leading American banks in the United States, HSBC has closed several bank accounts of one of the biggest parishes of the Redeemed Christian Church of God in New York with the motive of refusing to deal with Nigerians.



According to a member of the church,  “HSBC’s recent refusal to continue its banking relationship with our church (International Chapel, Brooklyn, of The Redeemed Christian Church of God) was on the grounds that we are Nigerians and that they will not ‘deal’ with Nigerian.,”

According to her, around late January and early February this year, “we opened accounts with HSBC and, in less than four months of doing business with HSBC, we received a call from a representative from the local branch letting us know of this information. We have informed the chairman of the Redeemed Christian Church of God in North America of this.”

Both Pastor James Fadele, the chairman of the RCCG in North America, and Pastor Kunle Omotoso, the senior pastor in the parish, confirmed the story. The RCCG parish involved, ICB, is one of the biggest in New York, and one of the oldest in North America, where the church has been operating for 15 years.

A source from the US Redemption Camp in Dallas, the headquarters of the RCCG in North America, also confirmed the incident, further disclosing that the church was actually considering setting up a bank in the US because of its rising size and increasing influence in the Nigerian and African community there.