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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Mutawali     SSA Youth Engagement     Sidikat Alaya     Mufutau Gbadamosi Esuwoye     Segun Olawoyin     Al-Hikmah University     Yusuf Zulu-Gambari     Innocent Okoye     Bola Tinubu     CCT     Bolakale Saka     John Obuh     Baba Idris     Frootify     Federal Road Maintenance Agency     Facebook     Muhammad Fawaz Abubakar     Garba Ado Sanni     Yusuf Amuda Abubakar     Esuwoye     Alaaya     Abdulmajeed Abdullahi     Toun Okewale-Sonaiya     Onilu     Sobi Hill     Hassanat Bello     Yomi Adeboye     Ibraheem Adeola Katibi     Mohammed Ghali Alaaya     Nigerian Correctional Service     Folaranmi Aro     Kolawole Akande     Bilikisu Oniyangi     Ilorin Metro Park     Ahmed Alhasssan     Joana Nnazua Kolo     Olupako Of Share     Kwara Poly     Gamji Members Association     Abdul Jimoh Mohammed     Isiaka Yusuf     Babaita     Kwara Muslim Pilgrims Welfare Board     Stephen Fasakin     Niyi Osundare     James Kolo     Ilofa     Mutawalle     Haashim Initiative For Community Advancement     Turaki Of Ilorin     Ilorin Water Reticulation     MAI Akande     Saka Keji     Adebara     Seun Bolaji     A.G.F Abdulrasaq     Senate Presidency     Afolasade Opeyemi Kemi     Sarah Alade     Femi Oladiji     Suleiman Mora Omar     Logun     Aisha Abodunrin Ibrahim     National Broadcasting Commission     Tunji Olawuyi     Abatemi-Usman     Muslim Stakeholders Of Kwara State     CBT     Zaratu Umar     NURTW     Razaq Atunwa     Ibrahim Oloriegbe     Jamila Bio Ibrahim     Kehinde Baale     Senior Staff Union Of Colleges Of Education     Ethical College     Amusement Park    

Cloud Tag: What's trending

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

Abdulkadir Bolakale Sakariyah     Abdulmajeed Abdullahi     Sobi Specialist Hospital     Haashim Initiative For Community Advancement     Saad Belgore     Mukhtar Shagaya     Senior Ibrahim Suleiman     Abioye Bello     Raji Ayodele Kamaldeen     Rueben Parejo     Oke-opin     Ita-Nmo Market     Lithium     Aliyu Adebayo     Kemi Adeosun     Bursary     AGF Abdulrazaq     Abdulraheem Olesin     Stephen Fasakin     Kulende-UITH     Abatemi Usman     Aisha Gobir     Abdulmumini Jawondo     Odogun Olushola Gabriel     Joshua Adeyemi Adimula     Seed Technologies     Rashidi Yekini     Abdul-Rahoof Bello     Roseline Oni Aremu     Rex Olawoye     Ahmed     Ilofa     Alagbado     Abdulkarim Adisa     Ajidagba     Teachers Specific Allowance     Durosinlohun Kawu     Ishaq Oloyede     Adaramaja     Jare Olatundun     Dorcas Afeniforo     Lateef Fagbemi     Ndakene     Kunle Suleiman     Osinbajo     Centre For Digital Economy     Kwara Volleyball Association     Smart School     Sa\'adatu Modibbo-Kawu     General Hospital     CUTI     Ilota     Overland     Abdulrahman Onikijipa     Shuaib Boni Aliyu     Abdulazeez Arowona     Omupo     Share     Aminat Ahmed     Prince Sunday Fagbemi     Twitter     Yakub Lai Gobir     Sam Onile     Old Oyo     Baboko Primary School     Halimah Perogi     Muhammadu Gobir     Siddiq Adebayo Idowu Salawu     Lanre Issa-Onilu     Neuropsychiatric Hospital     Joseph Bamigboye     Bola Tinubu     Tafida     Kwasu     KWASIEC     Jimoh Bashir     Modibbo Kawu