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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Rachael Obisesan     Salman Jawondo     Ishaq Salman     Ajasse-Ipo     SSUCOEN     Federal Allocation     Mansur Alfanla     Forgo Battery Company Limited     National Association Of Nigerian Students     Kwara State Football Association     Tafidan Kaiama     International Vocational Centre     Zulkifli Ibraheem     Arca Santa     Abdulazeez Arowona     Offa Descendants Union     Kwara Teaching Service Commission     Adamu B. Yaqubu     Sarah Alade     Yusuf AbdulRasheed     Oke Sunna     Waheed Ibrahim     Post-utme     Titus Suberu-Ajibola     Timothy Olatunde Fadipe     Fatimoh Lawal     Vasolar Consultoria     Salihu Yahaya     PPS     Suleiman Rotimi Iliasu     Rafiu Ajakaye     Saliu Tunde Bello     Iliasu     Hassan Saliu     Galadiman Ngeri     Sheikh Alimi     Mary Arinde     Isaac Gbenle     Government High School (GHS), Adeta     Ahmed Alhasssan     Agor Market     Yomi Ogunsola     Aliyu Kora Sabi     Obasanjo     Saadu Alanamu     Taofik Abdulkareem Babaita     Umaru Saro     Gobir Organization Foundation     Oba Abdulraheem     Kwara Volleyball Association     Dan Iya     Tunde Mukaila Mustapha     Borgu     Toyosi Thomas     Abdullahi Imam Abdullahi     Ahmed Bolaji Nagode     Oyawoye     Susan Modupe Oluwole     Adesina Simon Sodiya     Ajibola Saliu Ajia     Okoolowo     Yusuf Abdulwahab     Yahaya Muhammad     Saad Omo Iya     MalHub     Taibat Ayinke Ahmed     Kamoru Kadiri     Osi     Mufutau Olatinwo     Makama     NULGE     Mumeen Lah     TETFUND     TVC Female National Debate     Mohammed Ibrahim     Adekunle David Dunmade     Kwabes    

Cloud Tag: What's trending

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

Hijaab     Vishvas KOZ Tractors     Special Adviser On Digital Innovation     Abraysports FC     Omotosho     International Public Sector Accounting Standards     Alfa Modibbo Belgore     NFAI     David Oyepinola Adedumoye     Federal College Of Education (Special), Afon     John Kehinde Salako     KWSIEC     Simon Sayomi     Olatunde Jare     Halimat Yusuf     Katibi Ibraheem Adeola     Toyin Abdullahi     Ibrahim Mashood     Aminu Ado Bayero     Saka Asiat Ayinke     Ahmad Lawan     Jimoh Bashir     Isiaka AbdulRazaq     Isaac Gbenle     Woro     Jamiu Oyawoye     Durosinlohun Atiku     Iyiola Oyedepo     Read With Me     Aso Ofi     Adamu Jemilat-Baki     Mustapha Akanbi     Senior Special Assistant On Student Affairs     Saka Onimago     Abdulrahman Onikijipa     Alao Ayotunde     Minister     Vasolar     Ile Arugbo     Taofik Abdulkareem Babaita     IF-K     Oko-Erin     Orisa Bridge     Saliu Shola Taofeek     Christopher Ayeni     Garment Factory     Ali Ahmad     Junior Secondary School Certificate Examinations     Suraj Tunji Oyewale     Adesoye College     Abdulwaheed Musa     Bayo Onimago     Bamidele Adegoke     Ayinke Saka     Tunde Oyawoye     Laduba     KSIRS     CACOVID Palliatives     Abiodun Musa Aibinu     Olaiya Lawal     Rebecca Bake     Local Government Pension Board     3MTT     Post Utme     Communication Network Support Services     Kwara Teaching Service Commission     Kwabes     Harafat E. Mukadam     Durbar Festival     Yahya Mohammed     Henry Makinwa     Ishaq Abdulkarim     Flights To Ilorin     Unilorin FM     Jumoke Gafar     Biliaminu Aliu     Sobi Specialist Hospital