World Igbo Congress to launch ‘Federal Credit Union Bank’ in US to revitalise region’s economy

The World Igbo Congress ,WIC, is set to launch the Igbo Federal Credit Union Bank at its 2025 convention in Boston, Massachusetts.

The WIC disclosed this in a statement signed by its chairman, Dr. Festus Okere.

According to Okere, the event is scheduled to take place from August 29-31 at the Marriott in Boston, where the bank will be unveiled.

Dr. Okere, revealed that the bank aimed to transform Igbo businesses in the Diaspora, will contribute to the development of the homeland.

He further disclosed that the initiative seeks to replicate the successful Igbo apprenticeship scheme that revitalised the eastern region’s economy after the Nigeria-Biafra war.

Okere said that the 2025 World Igbo Congress convention is expected to draw one of the largest crowds ever, considering the current circumstances in the homeland and abroad.

“This year marks the launch of the Igbo Federal Credit Union Bank, which aims to transform Igbo businesses in the diaspora and contribute to the development of our homeland.

“This initiative presents an opportunity to replicate the Igbo apprenticeship scheme that played a crucial role in revitalising the eastern region’s economy after the civil war. The Federal Credit Union Bank project in the United States is poised to usher in a new era of prosperity,” Okere said.

Attendees will include Chief Gaius Chibueze, also known as E-Money; Chairman of Faith Toyota; a representative from Boston, Massachusetts government; and Chief Valentine Igbobi, the PCNI Chairman and Ochiagha of Ndiigbo in New England 2025.

Okere said that Chief Igbobi has authorised full representation from the People’s Club of Nigeria in the Boston branch for the event, while the Umuada Igbo will also attend in significant numbers.

WIC Vice Chairman, Hon. Basil Onwukwe, stated that only individuals with proven character from political office holders in Nigeria will be invited to the convention.

“These individuals will undergo a careful vetting process to ensure they are committed to protecting the lives and properties of the Igbo people,” he said.