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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Ahmad Fatima Bisola     Oasis Muslim Care Foundation     Rasheed Jimoh     Kola Olota     Ilorin West/Asa Federal Constituency     Kwara State Television     Onilupeju Of Ilupeju     Ibrahim Abiodun     Alimi Abdulrazaq     Tunde Oyawoye     Women For Change And Development Initiative     Gbenga Awoyale     Kwabes     Salami Adekunle     Wahab Issa     Coalition Of Kwara North Groups     Saheed Popoola     Amusement Park     Senior Ibrahim Suleiman     Prince Sunday Fagbemi     Yinka Aluko     SARS     Admiralty Villa     Moshood Kashimawo Abiola     COVID-19 Palliatives     Razak Atunwa     Kola Shittu     Ilorin West     Toyin Sanusi     UNILORIN Alumni     Laboratory-to-Product     Egbewole     Azeez Salawu     Saka Onimago     Frootify     Ile Arugbo     Aso Ofi     Ita-Ore     Najim Yaasin     Tsado Manman     Emir Of Lafiagi     ASMAU PLAZA     Abubakar Abdullahi Bata     Abdullahi Biffo     Abdulmumini AbdulRazaq     Kwha.gov.ng     Sa\'ad Alanamu     Jimoh Lambe Abdulkareem     Ubandoma     V.O. Abioye     Ilorin General Hospital     Ballah     Abdullahi G. Mohammad     Kawu     Ibrahim Abdullahi     Tsaragi/Share     Imam Gambari     Ibrahim Bio     Ethical College     Azeez Bello     Saheed Akinwumi     Sheu Ndanusa Usman     Taofeek Ibraheem     Olupako Of Share     Folorunsho Alao     Kwara State Printing And Publishing Corporation     Ophthalmological Society Of Nigeria     Doyin Agbamu     Muhammad Mustapha Suleiman     Segun Adeniyi     AbdulKareem Yusuf Danhawa     Abdulmajeed Wahab     Elewu     Abdulkarim Adisa     Ayo Opadokun     Elelu     Sadiq Umar    

Cloud Tag: What's trending

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

Plat Technologies Limited     Isaac Gbenle     Afetu Of Alabe     Imam Gambari     IFK     Ijakadi     Sheriff Shagaya     Akanbi-Oke     Obasanjo     Kemi Adeosun     Solomon Edojah     Elections     Shururat Olatinwo     HYPPADEC     Adama Isa     Mutawalle     Sabi     Agbarigidoma     Abdulraheem Yusuf     CELF     Isiaka Danmeromu     College Of Arabic And Islamic Legal Studies     Bayo Onimago     Sadiq Umar     Simeon Sule Ajibola     Government Girls’ Day Secondary School Pakata     Egbejila     Bisi Oyeleke     Sanusi Abubakar     Gbugbu     Nigeria Computer Society     Isiaka Yusuf     Coronavirus     Aminat Omodara     Folajimi Aleshinloye     Tayo Alao     Amina Susa\'a De Ahmed     Sam Okaula     Kwara Coalition Of Business And Professional Associations     Mumeen Lah     Junior Secondary School Certificate Examinations     Agboola Abdulraheem     Agboola Babatunde     NYSC     Ita-Ore     Goodluck Jonathan     Alimi     Abdulmajeed Wahab     ER-KANG     Gbajabiamila     Awodun     Rasaq Jimoh     Borgu     Adebayo Mohammed Kamaldeen     Government High School Adeta     Alfa Modibbo Belgore     Yakubu Gobir     Durbar     Kaosarah Adeyi     Oba Abdulraheem     Abdulrazaq Adebayo     Lai Mohammed     Eghe Igbinehin     Oasis Muslim Care Foundation     Muideen Olaniyi Alalade     Idowu Laro     GAMA     Sulyman Atolagbe Alege     Abdulkadir Akanbi-Oke     Lanre Badmus     Government High School (GHS), Adeta     Ilorin Water Reticulation     Iponrin     Sunday Popo-Ola     Mohammed Halidu     Oye Tinuoye     Alabe