Sustaining the Saraki Dynasty

Date: 2013-04-19

Former Kwara State governor, Senator Bukola Saraki and his siblings are doing no less to keeping their family name alive, a move that may go a long way to further bring their family into positive reckoning.

If there was anything really disturbing to the immediate past Kwara State governor, now senator for Kwara Central, Dr. Bukola Saraki, his younger sister, Senator Gbemisola Saraki and indeed, their late father, Dr. Olusola Saraki, it was the collapse of the defunct Societe Generale Bank (SGNB).

Even more disturbing was the fact that Saraki and his sister, Gbemi, and some other persons like Mr. Tokunbo Salami, Mr. Jude Iluyomade and Mr. Moh Basir Abdu Kadiri had faced alleged mismanagement of the bank's finances, more so that the Saraki had a controlling stake. There was an outcry, especially from depositors who could not retrieve money when the bank went down.

Sources close to the family hinted that even before their father's demise, he had made spirited efforts to ensure that the bank bounced back to life. His intention was not just to see the bank operate again, but more importantly, ensure that customers whose monies were trapped during the trying period got their money back.

"He particularly mandated his children and close associates to ensure that the SGBN comes back alive and more importantly, to payback the customers their trapped money," the source said.

Leveraging the efforts of their late father, Bukola and Gbemi, on March 4, got the bank back in the market, having obtained its operating license about three years ago but under a different name- Heritage Bank. A look at the share holding structure revealed that 80 per cent of the new bank is owned by a core investor, nine per cent by Saraki family which owned SGBN while the remaining 11 per cent was allocated to the bank's former depositors.

Immediately it commenced operations, it started with the re-validation of the accounts of old customers on January 28, 2013, a move that provided the old customers the opportunity to either withdraw their money or re-activate their accounts with the new bank.

At an event to celebrate the rebirth of the bank tagged 'Heritage Bank Night', the Managing Director/CEO, Mr. Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion. This development, sources say excited Saraki who did not want his family seen in the shade of "fraud".

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olawuyi     Abdul Jimoh Mohammed     Yoruba     Umar Saro     Babaita     JSSCE     Chief Imam Of Ilorin     Raimi Iyanda     Ademola Kiyesola     Shehu Raheem Adaramaja     Alao Ayotunde     Barakat Community Secondary School     Nigeria Foundation For Artificial Intelligence     NULGE     Isiaka Danmeromu     Usman Alkali Baba     Rotimi Oyedepo     Alumni Association Of The Federal Polytechnic Offa     Laolu Saraki     Kishira     Issa Oloruntogun     Dorcas Afeniforo     Pius Abioje     Federal College Of Education (Special), Afon     SSA Youth     Sadiq Buhari     Wahab Isa     Government High School Adeta     Oke-opin     Kwara State Infrastructure Development Fund     Logun     Erin-ile     Jimoh Akani     Abdulrahman Iliasu     Ahman Pategi University     Owo Isowo     Muhammad Akande Olarewaju Odunade     Abdulraufu Mustapha     John Olobayo     Kwarareports     Borgu     Michael Nzekwe     Elerin Of Erin-Ile     Fatai Olodo     Afolabi-Oshatimehin     Abubakar Abdullahi Bata     Umar Ahmed Gunu     Monthly Sanitation Exercise     Mope Dasuki Belgore     Unicontinental Construction Company     NIPR     Laboratory-to-Product     Ijagbo     Sa\'adu Salau     Alimi     ASMAU PLAZA     Press Release     TESCOM 2025     Kwara North     Bio Ibrahim     Yoonus Lawal     Gbajabiamila     Katibi Ibraheem Adeola     Amosa     Wahab Agbaje     Ilorin Emirate Staff Association     Ahmad Olayiwola Kamaldeen     Saad Omo Iya     Lanre Aremu     Eruku     Muslimah Entrepreneurship Forum     Lai Mohammed     JUSUN     Boko Haram     NNPP     Yaru     Amoyo    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Arinola Lawal     2023 Elections     Akande Idowu Ayoola Muhammed     Olabimpe Olani     Emmanuel Olatunji Adesoye     Sabi     Share     Ilorin Amusement Park     Ibrahim Akaje     Amusa Bello     Gbadeyan Gbadura Yomi     Ibrahim Oniye     LEAH Charity Foundation     Elerin Of Erin-Ile     Bond     Madawaki Of Ilorin     Nigeria Computer Society     Mohammed Kamaludeen     Tricycle Owners Association Of Nigeria     Hamidat Sulyman-Yusuf     Goodluck Jonathan     Olaoye B. Felix     Elerin Of Adanla Irese     Alanamu     Abubakar Abdulraheem     Seni Saraki     Bolakale Ayo     Kehinde Boyede     Ilorin General Hospital     Hassan Taiye Salam     Bayo Lawal     Gbajabiamila     Raliat Islamic Foundation     JUSUN     Muhammed Abdullahi     Abdulrahman Iliasu     Agboola Babatunde     Abdullahi Adisa Akodudu     KWATMA     Muhammad Akande Olarewaju Odunade     Rotimi Atere     Oke-Ero     Oba Abdulkadir La\'aro     Laboratory-to-Product     Okin Group     Mohammed Abduraheem     Monthly Sanitation Exercise     Yahaya Seriki Gambari     Oniwa     Shehu Salau     Omoniyi Ayinla     Universal Basic Education Commission     Mohammed Halidu     Bilikis Oladimeji     Mogaji Aare     Mike Omotosho     Elerin Of Adanla     Gbemi Saraki     Mazars Consulting     CT Ayeni     Law School Scholarship     Aminat Omodara     Suleiman Idris     Olaitan Buraimoh     Awodun     Ajikobi     Tanke     Economic And Financial Crimes Commission     Kwara State Fire Service     Alfa Yahaya Road     Shettima Of Ilorin     Mohammed Lawal     Ladi Hassan     Kolawole Bashirat     Lai Gobir     Baba Adini Of Kwara State     Adanla-Irese