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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Sanusi Abubakar     Rotimi Oyedepo     Ahmed Alhasssan     Oniwasi Agbaye     Ahmad Olanrewaju Belgore     Mutawali     Kamaldeen Gambari     Abdulfatai Baakini     Sulu Babaita Isiaka     Mohammed Jimoh Faworaja     Al-Hikmah Radio     Gbugbu     NITDA     Asa LGEA School     Muslimah Entrepreneurship Forum     Oloje     Omotoso     Alanamu     Aisha Gobir     Afolabi-Oshatimehin Adenike Harriet     Aliyu Sabi     Eghe Igbinehi     MATTA Girls Foundation     Bolaji Gambari     Otunba Taiwo Joseph     Ibrahim Akaje     Fatai Adeniyi Garba     Face Masks     Vasolar Consultoria     Marufat Oladosu     Omoniyi M. Ayinla     Mansurat Amuda-Kannike     Okala Baba     Hassan Saliu     Jelili Yusuf     Madawaki     Emir Of Kano     08001000100     Alabere     Naira Redesign     Odolaye Aremu     Maigida     Alapado     Adanla-Irese     John Olobayo     Aminu Adisa Logun     LAK Jimoh     Universal Basic Education Commission     Chemiroy Nigeria Limited     Amos Bajeh     Shaykh Luqman Jimoh     Shonga     Ndama Al-hassan     Ben Duntoye     Aro Yahaya     EFCC     Bello Taoheed Abubakar     Orisun Igbomina     Peculiar Allowance     Umaru Saro     KW-GIS     Clara Nwachukwu     Ibrahim Oniye     Ilorin     Galadima     Kale Bayero     Coalition Of Kwara North Groups     SSA Youth Engagement     Isiaka Danmeromu     Joseph Yemi Ajayi     Ndakene     Kwara 2023     Fulani     NAWOJ     Christopher Odetunde     Theophilus Oyebiyi     Abdullahi Adisa Akodudu    

Cloud Tag: What's trending

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

Kwara State Polytechnic     Quareeb Islamic Association     Hijaab     Maigida Soludero Transit     Emmanuel Olatunji Adesoye     Tanke     Oladipo Akanmu Tolani     Ojo Isekuse     Saidu Yaro Musa     Apado     Lanre Badmus     Col. Adedipe     Local Government Pension Board     Mansurat Amuda-Kannike     Aminat Ahmed     Akume     QuickWin     Jimoh Lambe Abdulkareem     ARMTI     College Of Arabic And Islamic Legal Studies     Face Masks     Pakata     Mahmud Babatunde Baker     Shehu Raheem Adaramaja     Siraj Oyewale     Umar Bayo Abdulwahab     Ahmed     PPS     Osuwa     Bayo Ojo     Yoruba     Belgore     Yusuf Abubakar     Isiaq Khadeejah     Sa\'adu Salau     Babatunde Ishola Babaita     Kamaldeen Gambari     Kwabes     Rihanat Ajia     Ilesha-Baruba-Gwanara     Ishaq Abdulkarim     General Hospital     Alagbado     CCB     National Party Of Nigeria     Salman Alada     Ubandoma Of Ilorin     March 28     Vasolar-Kwara Company Ltd     Gani Saadu     Kwarareports.com     Ado Bayero     Kayode Yusuf     Mohammed Yisa     Muyiwa Oladipo Kanu     Akanbi-Oke     Usman Alkali Baba     Kayode Ogunlowo     Kisra     Ebun-Olu Adegboruwa     Pacify Labs     Toyin Olayinka Tejidini     Simeon Sayomi     Adebara     Abdulkadir Bolakale Sakariyah     Kwara 2015     Ayobami Seriki     Yakub Lai Gobir     Umar Saro     Mohammed Ibrahim     National Broadcasting Commission     Abdulwasiu Bolaji Adeyi     Smart School     Aishatu Ahmed Gobir     Ahmed Bolaji Nagode     Suleiman Yahya Alapansapa     Ohoro Of Shao