World Igbo Congress to Unveil Igbo Bank in US

The World Igbo Congress (WIC) has revealed plans to launch the Igbo Federal Credit Union Bank during its 2025 convention in Boston, Massachusetts.

The convention will take place from August 29 to 31 at the Marriott Hotel.

According to WIC, the new bank will support Igbo-owned businesses abroad while also helping to grow the economy in Nigeria.

Dr. Festus Okere, Chairman of WIC, said the bank reflects the Igbo people’s long-standing culture of entrepreneurship.

He added that this new institution will mirror the traditional Igbo apprenticeship model.

That model once revived the eastern region’s economy after the civil war.

With this in mind, Okere believes the new bank will create a bridge between Igbo business success overseas and development at home.

This year’s convention marks a turning point. “We are not only celebrating our heritage,” Okere said, “but also creating systems that will build generational wealth.”

He emphasized that the project brings fresh hope for both diaspora families and those living in Nigeria.

Notably, several high-profile individuals will attend the event.

These include Chief Gaius Chibueze, popularly known as E-Money, and the Chairman of Faith Toyota. In addition, a representative of the Boston government will attend.

Chief Valentine Igbobi, who leads the People’s Club of Nigeria International (PCNI), will also play a major role.

Furthermore, Igbobi has authorized full representation from the Boston branch of the club. Members of the Umuada Igbo women’s group are expected to show up in large numbers as well.

Their participation highlights the strong support behind the new bank.

Hon. Basil Onwukwe, Vice Chairman of WIC, noted that politicians will only be invited if they pass a strict vetting process. According to him, only leaders with a clear record of integrity will be welcome.

He stressed that the focus remains on protecting Igbo lives and growing sustainable businesses.

The Igbo Federal Credit Union Bank will offer loans, savings, and investment services. More importantly, it aims to build a culture of trust and economic strength.

Through this initiative, the Igbo community hopes to shape a better financial future for generations to come.

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