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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Simeon Sule Ajibola     Risikat Lawal     National Party Of Nigeria     Oyedepo     Mutawali Of Ilorin     Hameed Oladipupo Ali     Maryam Ado Bayero     Folajimi Aleshinloye     KWASSIP     Mohammed Ghali Alaaya     Suleiman Yahya Alapansapa     Muhammadu Buhari     Summit University     Chartered Institute Of Personnel Management Of Nigeria     Agor Market     Emir Of Yashikira     Neuropsychiatric Hospital     Christopher Ayeni     KWASIEC     College Of Arabic And Islamic Legal Studies     Suleiman Mora Omar     Bankole Omishore     Atiku     Ella Supreme Tissue Paper     Olabode Towoju     Yetunde Balogun     AbdulGafar Tosho     Oluranti Idowu     Oluwatoyin Lukman     Belgore     Government High School Adeta     Afonja Descendants Union     Apado     Government Girls’ Day Secondary School Pakata     Admiralty Villa     Mary Kemi Adeosun     National Democratic Congress     Sam Onile     CELF     Babatunde Ishola Babaita     Saheed Alakoso     United Nigeria Congress Party     Abdulrahman Abdulrazaq     Moses Rahman Popoola     IEDPU     Ita-Nmo Market     Raliat Islamic Foundation     Kaiama     Amina Susa\'a De Ahmed     Abraysports FC     Olatunde Michaels     Quran     Rafiu Ibrahim     Christian Association Of Nigeria     IYA YUSUF     Kwara Central     Oyawoye     Igbaja     Tafida     Okanlawon Taiwo     Hijaab     Omotoso Musa     Oke-Oyi     2023 Elections     AGF Abdulrazaq     Moshood Kashimawo Abiola     Toyin Saraki     Noah Yusuf     Mohammed Yisa     Kwara State University Of Education     Mohammed Saidu     MMWG     Basic Education Certificate Examination     Imam Gambari     Islamic Development Bank     Coalition Of Kwara North Groups     Mutawalle    

Cloud Tag: What's trending

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

Kwasu     Mohammed Katsina Ahmed     Centre For Community Empowerment And Poverty Eradication     Sa\'adu Gambari     Akume     Dan-Kazeem     UNILORIN Alumni     PharmAccess Foundation     Modupe Oluwole     Aminu Ado Bayero     Matthew Okedare     Tanke     Salake     Abiodun Oyedepo     Seni Saraki     Olusola Saraki     Ijagbo     Towoju     Salihu S. Yaru     Sheikh Alimi     Kwara 2023     Ambassador Kayode Laro     Suleiman Abubakar     General Tunde Idiagbon International Airport Ilorin     Pakata Patriots     Okanlawon Taiwo     Adewuyi Funmilayo     Fatimoh Lawal     Bolaji Abdullahi     Abdulsalam A. Yusuf     Raji Ayodele Kamaldeen     Ghali Alaaya     Yashikira     Nigerian Supreme Council For Islamic Affairs     First Lady     Salman Alada     AGILE Programme     GANZY     Bayer Nigeria Limited     IESA     AGF Abdulrazaq     Temitope Ogunbanke     Mohammed Lawal     Zaratu Umar     Sulyman Buhari     Idofin     Umar Sanda Yusuf     Oba Mogaji Abdulkadir     Mahfouz Adedimeji     Hassan A. Saliu     Oke-Ode     Amuda Bembe     Oniye     Kwara Central     JAAC     Elesie Of Esie     Kwara South     Democracy Day     Kunle Okeowo     Mohammed Danjuma     Dagbalodo     Sebastine Obasi     Rashidi Yekini     Abdulwahab Oba     Bureau Of Lands     Bola Ahmed Tinubu     Senate     CT Ayeni     AbdulFatai Adeniyi Dan-Kazeem     Adamu Attah     Ajase-Ipo     Moses Salami     Ganiyu Taofiq     A.G.F Abdulrasaq     Ibrahim Taiwo     KW-GIS     JUSUN