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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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.

Moshood Kashimawo Abiola     JMK Construction Company Limited     N-Power     Abdulrahman Abdulrasaq     Women Radio     Taofeeq Olateju     CBT     Millennium Development Goals     Femi Agbaje     Iliasu     Flights To Ilorin     Funmilayo Zubair     Wahab Femi Agbaje     Laolu Saraki     Issa Oloruntogun     Ishaq Abdulkarim     Kwara Central     Obuh     Abubakar Olusola Saraki     Alfa Belgore     Photo News     Kwara Primary Health Care Development Agency     Kwara Basketball Association     Joana Nnazua Kolo     Adedipe     Isa Aremu     Ibrahim Agboola Gambari     Durbar     Senior Ibrahim Suleiman     Yusuf Aiyedun     Suleiman Yahya Alapansapa     Balogun Gambari     Isiaka Saka Opobiyi     LEAH Charity Foundation     Oba-Solagberu     Aremu Odolaye     Ibrahim Sulu Gambari     Taofik Abiodun Ahmed     Ezekiel Yissa Benjamin     Ghali Muhammed     Ibrahim Abdullahi     Bamidele Adegoke Oladimeji     Mohammed Yahaya Barki     Igosun     Yakub Lai Gobir     Kwara Pdp     Majlis For Sadaqah, Zakat And Waqf     Emir Of Kano     Ogbondoroko     General Hospital     Gabriel Fashanu     Oyawoye     IF-K     Garba Ado Sanni     Sebastine Obasi     Lawal Arinola Kudirat     Belgore     Ubandoma     Bolaji Abdullahi     Erubu     Nigerian Medical Association     Okin Group     Dogara     Modibbo Kawu     Makama Of Kaiama     Buari Edun     Saka Keji     AbdulHakeem Ajibola Akanbi     Okanlawon Taiwo     Bayo Onimago     NFAI     Obasanjo     Offorjama     Hajj     EFCC     Sherif Sagaya     Raji Ayodele Kamaldeen    

Cloud Tag: What's trending

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

Obayomi Azeez     Kisira     Ronke Adeyemi     Maryam Ado Bayero     Share/Tsaragi     Adedipe     Cassava Growers\' Association     Abdulwahab Ololele     Michael Ologundea     Baba-Isale     Kale Kawu     Oniwa     Alabi Lawal     Tunde Idiagbon Road     Oke-Ode     ITEM 7     Demola Banu     Idris Garuba     Lanre Olosunde     Centre For Peace And Strategic Studies     Yakub Lai Gobir     Aro Yahaya     Salihu S. Yaru     Mary Kemi Adeosun     Theophilus Oyebiyi     Kwara State Branch Of The National Library     International Public Sector Accounting Standards     Ahmed Idris Mohammed     Olatunji Ayeni     Hassan Abdulazeez Elewu     Aisha Buhari     Modibbo Kawu     Sabi     Diagnostic Centre     Yusuf Abdulwahab     Musa Abdullahi     Kwara Volleyball Association     Ezekiel Yissa Benjamin     Saidu Isa     Bola Olukoju     Dairo Kunle Paul     Park     Garment Factory     Ileloke     MINILS     Suleiman Alege Kuranga     Atiku Abubakar     Sambo Murtala     Salihu Yahaya     Erin-ile     KWAFFA     Ilorin Talaka Parapo     Issa Oloruntogun     Naira Redesign     Sarah Alade     Ado Bayero     Quran     Ishaq Oloyede     IQRA College     Ubandawaki     High Court     Olaoye B. Felix     Yahaya Dumoye     Jumoke F. Ajao     Mary Arinde     New Naira Notes     Saliu Oluwole     Lasiele Alabi Yahaya     Idowu Aremu     The Herald     Kwara State Sports Commission     Moses Rahman Popoola     Volunteers Of Ilorin Community And The Emirate     Oyin-Zubair     Igosun     Otoge     Yahaya Seriki Gambari