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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Oloriegbe     GGDSS Pakata     ASKOMP     Saka Asiat Ayinke     Sidikat Uthman Ajibola     Oko     Bamidele Aluko     Okin Biscuit     Zulu Gambari     Abdullahi AbdulMajeed     Yusuf Olaolu Ali     Yusuf Amuda Gobir     Playing Host     Rapheal Ashaolu     Olanrewju Okanlawon Musa     Lanwa     Hajj     Kwara Pdp     Abdulkadir Remi Hawawu     Tunji Oyawoye     Abdulrahman Abdullahi Kayode     Bello John Olanrewaju     Saadu Gbogbo Iwe     Olatunde Jare     TETFUND     Susan Modupe Oluwole     Kwara 2015     Quran     Omupo     Christopher Odetunde     Mufutau Gbadamosi Esuwoye     Eleyele     Kawu     Kwara Poly     Special Agro-industrial Processing Zone     Florence Saraki     Balogin Alanamu     Awoye     Oba Abdulkadir La\'aro     Mary Kemi Adeosun     Smart School     Lanre Jimoh     Nnazua     Oyeyemi Olasumbo Florence     Gaa Olobi     Yahaya Muhammad     Nigeria Governors\' Forum     Ilorin Talaka Parapo     V.O. Abioye     Kwara-SAPZ Project     Yusuf Mubarak     Dan Iya     Gafaru Olayiwola Olorisade     Bureau Of Lands     Ashiru     Tunde Yusuf     Mumini Ishola Hanafi     Na\'Allah     Ojo Fadumila     AbdulGaniyu Kareem     Isin     Ileloke     Kudirat Arinola Lawal     Ilorin East/South Federal Constituency     John Obuh     KSIRS     Aisha Abodunrin Ibrahim     Olushola Saraki     Nurudeen Muhammed     Markaz Arabic And Islamic Training Institute, Agege     Sunday Otokiti     Al-Adaby     Ibrahim Abdullahi     Abioye Bello     Sulyman Atolagbe Alege     CCB     Owode Market    

Cloud Tag: What's trending

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

Lawal Jimoh     Harafat E. Mukadam     Emir Of Kano     Amos Justus Sayo     Mohammed Lawal Bagega     Cassava Growers\' Association     National Party Of Nigeria     Olohungbebe     Idi-Ape     Salmon Babatunde Salmon     Ayodele Kuburat Olaosebikan     Ahmed Idris Mohammed     Oluwatoyin Lukman     Logun     Oluwarotimi Boluwatife Adenike     Ibrahim Abdulqadir Abikan     Nigerian Supreme Council For Islamic Affairs     AbdulHakeem Ajibola Akanbi     Mohammed Halidu     National Information Technology Development Agency     Kwara Hotel     General Hospital     Alumni Association Of The Federal Polytechnic Offa     HICA     Umar Yakubu Jaja     Sheikh Ariyibi     Ilesha-Baruba-Gwanara     Abdulraheem Olesin     Bola Tinubu     Rafiu Ibrahim     Aliyu U. Tilde     Noah Yusuf     Isiaka Saka Opobiyi     Esuwoye     Zulu Gambari     Nigerian Army     Sam Okaula     Kwara State Branch Of The National Library     Dauda Adeniran Adeshola     Ubandoma Of Ilorin     Olatomiwa Williams     Waziri Yakubu Gobir     Tanke Flyover Bridge     Bankole Omishore     Ilorin Metro Park     Baba Idris     Amos Bajeh     Musa Alhassan Buge     Baboko     Erin-ile     Salary     Aliyu Muhammed     Police Commissioner     Babaita     Sunday Popo-Ola     Funmilayo Braithwaite     Elerinjare-Ibobo     Amusa Bello     Bayo Onimago     Toun Okewale-Sonaiya     ASUU     Ibrahim Jawondo     Suleiman Rotimi Iliasu     Olaitan Buraimoh     Osi     Timothy Akangbe     KWACOBPA     Academic Staff Union Of Universities     Public Holiday     Gani Saadu     Mamman Saba Jibril     Umar Saro     Obayomi Azeez     Gafaru Olayiwola Olorisade     Oladimeji Thompson     Olupako Of Share     Saudat Abdulbaqi