Christ Embassy pastor, Chris Oyakhilome has set up a new banking outfit called Parallex Bank and has appointed Dr. Adeola Phillips, one of his trusted senior pastors and CEO of Loveworld Nation to serve as the new bank’s chairman.

The popular man of God mega-business interests spans publishing, broadcasting, entertainment, hospitality, real estate as well as banking.

In 2011, Forbes listed Oyakhilome as one of the five richest pastors in Nigeria.