Former managing director of Bank of Industry (BoI) Kayode Pitan has taken over from Pastor Charles Kpandei as the head pastor of the City of David Parish, Lagos of the Redeemed Christian Church of God.
TheNewsGuru.com (TNG) reports that Pitan’s appointment is coming months after the suspension of Pastor Idowu Iluyomade over the church’s finances.
Kpandei was temporarily assigned to oversee the RCCG City of David since June.
Church Times Nigeria reported that RCCG’s governing council made the decision to appoint Pitan as incumbent pastor of the parish at the just-concluded convention of the church.
The “promotion and appointment of Pastor Kayode Pitan, put a closure to the reign of Pastor Idowu Iluyomade at RCCG City of David Parish,” a source quoted by the online platform said.
Pitan was the Pastor in Charge of the Tabernacle of David in Region 51 and also served as the Regional Pastor, prior to his new role at the City of David.
With his appointment, Pitan now oversees Region 20, with the City of David serving as its headquarters.
Pastor Ben Akabueze will be stepping in as the Assistant Pastor in Charge of Region 20, the reported stated.
Church Times reports that Pitan’s appointment marks the end of Iluyomade’s reign at the City of David parish.
Pitan completed his graduate studies in the US and returned to Nigeria 37 years ago, making significant strides in banking and finance.
He worked several years at Citi Bank before resigning to establish his own finance house, which collapsed in 1993, resulting in a $3 million loss. This setback led him to deepen his Christian faith.
He also served as the Managing Director and CEO of the Bank of Industry (BoI) from July 2015, focusing on industrialisation and SME support.
Known for his strategic impact, he led the bank for five years and began a second term in 2022. He, however, resigned in 2023 amid a government reshuffle under President Bola Tinubu.
According to Church Times, Pitan’ extensive corporate experience is expected to contribute significantly to the effective management of the Trinity Tower project and the overall leadership of the City of David parish.