HOUSTON–The World Igbo Congress (WIC) is a global organization representing the interests of the Igbo people, an ethnic group primarily located in southeastern Nigeria, has announced plans to pursue a charter for what it is calling the Igbo Federal Credit Union Bank.
The organization has not provided many details about what it is looking to do, other than to announce it will be discussed. NCUA told the CU Daily it has not had any discussions or inquiries from the group inquiring about chartering such an institution.
The group is planning to host its 2025 convention in Boston at the end of this month..
According to a statement made available to SaharaReporters, the World Igbo Conference will announce plans for the Igbo Federal Credit Union Bank during the event.
The report stated WIC Chairman Dr. Festus Okere, who signed the statement, the bank aims to transform Igbo businesses in the diaspora and contribute to the development of the homeland.
‘Crucial Role’
“This initiative presents an opportunity to replicate the Igbo apprenticeship scheme that played a crucial role in revitalizing 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 in a statement.
WIC Vice Chairman Basil Onwukwe said in a statement that the only people to be in attendance at the Boston meeting with be individuals with proven character from political office holders in Nigeria, according to SaharaReporters.
World Igbo Congress was founded in Houston.
