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Nigerian students in US support establishment of Nigerian Federal Credit Union Bank

Mobilization efforts towards the establishment of the Nigerian Federal Credit Union Bank (NFCU) has reached Nigerian students in the United States of America through a Conference Call which had many of the students especially their leaders in attendance.

The Conference Call, which took place on Thursday night was coordinated by the Chairman of the Steering Committee of the NFCU, Dr. Kazeem Bello and had in attendance, Hon. Nicholas Ella of the Nigerian Consulate, Dr. Eunice Ukwuani, Secretary of the Steering Committee, Dr. Remi Duyile and other Committee members.

Mr Babatunde Badmus, a former President of the National Association of Nigerian Students in the USA put the meeting together and had the incumbent President of the Association, Andrew Nwachukwu and other Executives and members of the Association, such as Iyanu Imoru, Olubukola Osidele, Tokunbo Eke and Uchenna Nwanyanwu participating actively.

Dr. Bello, in his introductory remarks, explained the reasons for the Conference Call and introduced the project to the students.

He said the idea of the Union was birthed last May at the Nigerian US Investment Forum and that the Committee which was inaugurated at the event has been working very hard towards the establishment of the Bank which will service the Nigerian community in the US.

Thereafter, Mr. Ellah commended the NFCU initiative and stressed that the establishment of the Bank will afford the students a lot of advantages, including jobs, savings and other forms of support, noting that it was laudable that the students, as leaders of tomorrow are being brought on board at this formative stage of the Bank.

Badmus and Nwachukwu lauded the initiative, suggesting how the Union can be of assistance to students, most of who they said, have been having frustrating experiences as concerns the financing of their education, pointing out that with the Credit Union being there for the students, they can focus better on their studies.

Some of the Executives of the Students’ Union took turns to speak and ask questions before Dr. Kazeem outlined in detail the benefits that the proposed Community Bank would afford the students.

He noted that the NFCU would be able to do a lot more than regular banks can do for members of the Nigerian Community in the US, pointing out that the initiative is a legacy project that would benefit the students and generations to come.

He confirmed that the Bank would be in a position to give students loans, grants and other support for their studies, including medical insurance, stressing that the Bank would also offer jobs to them when they graduate.

Besides students, he said that the project will help to empower all Nigerians in the US financially as it is a project of growth and empowerment, stressing that the task ahead of all now is to join hands to make the project a reality.

He said that the Committee has been in touch with the US authorities which require that about 5000 Nigerians sign in support of the Credit Union for it to receive its Charter or license.

He said that this was the reason why the students and other Nigerians in the US are being mobilized to support the establishment of the proposed Bank.

In answer to a student who wanted guarantees that the project would not be mismanaged, Dr. Kazeem assured that all those involved are very credible and trustworthy personalities, noting, in addition that Community Banks are among the most regulated institutions in the US, hence nobody would be able to joke with it.

He, therefore encouraged the students to mobilize their colleagues, friends and members of their families to support the initiative, so that the Nigerian community in the US can be like other communities, some of which have had their own Credit Unions for several decades, like the Polish community, which has had its Bank for 56 years.









The Conference Call with the Executives of the National Association of Nigerian Students in the USA was highly successful and excellent.


The Students turned out in large numbers from Seattle to New Jersey/New York, Texas, Washington DC, Maryland to join us on the proposed Nigeria Federal Credit Union, USA


The Students listened very carefully, paid attentive attention and asked very important and relevant questions.


It was a good dialogue and very successful meeting.  We have commenced the implementation of the meeting discussion and the Student’s are very excited about this project and about the recognition being accorded the Association as an active stakeholder in this project


We hope to see more actions and activities from the Students group in days to come. We thank the Executives of the Nigerian Students in the USA for making our country proud. They have quite a number of programs that the proposed Credit Union will support in the future and we are able to engage in direct benefits  derivable by individual student in this legacy project


We also thank our members that were able to join in the dialogue with the Students


  1. Hon Nicholas Ella
  2. Pastor Simon Ibe
  3. Dr. Remi Duyile
  4. Dr. Eunice Ukwuani



Great kudos goes to Mr Babatunde Badmus who was a past President of the Student Body for putting such a great meeting together under a short notice.


All roads leads to Washington DC @ the Nigerian Embassy for Friday September 13th Town Hall Event.


We see you all there


Thanks you


Kazeem Bello

About Global Patriot Staff

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