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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Salihu Ajibola Ajia     Tanke     Post-utme     Segun Olawoyin     Akande Idowu Ayoola Muhammed     Oju Ekun Sarumi     Lola Olabayo     Oladipo Akanmu Tolani     Awili Pedro     Oniwasi Agbaye     New Model Police Station     Christopher Odetunde     Sanusi Abubakar     Jumoke F. Ajao     State Bureau Of Internal Revenue     Ijagbo     Taofeek Ibraheem     Abubakar Kawu Baraje     Abdul-Rasheed Na\'Allah     Students Union Government     Muritala Olarewaju     Tafidan Kaiama     Nigeria Governors\' Forum     Ndakene     Rex Olawoye     Baruten     Joseph Offorjama     Yusuf Abdulraheem     Bola Tinubu     Abdulrahman Abdulrasak     Sanitation Exercise     Aisha Ahman-Pategi     Shehu Alimi Foundation     Mansurat Amuda-Kannike     Surajudeen Akanbi     Moses Rahman Popoola     Kwara State Pension Board     Sambo Murtala     Sabitiyu Grillo     Senate Presidency     Basit Olatunji     Arinola Fatimoh Lawal     Ridhwanullah Al-Ilory     Adolescent Girls Initiative For Learning And Empowerment     Sheikh Hamzat Yusuf Ariyibi     Elerinjare-Ibobo     Naira Redesign     Allocation     Neuropsychiatric Hospital     Marufat Oladosu     Bola Shagaya     Bayo Onimago     TETFUND     Buari Edun     Atunwa     Memunat Monsuma     Asa     Ile Arugbo     Rabiu Kwankwaso     Elewu     Adaramaja     Soffiyyallah Kamaldeen     Eghe Igbinehi     Saliu Mustapha     Alore     Abegunde Goke     Seni Saraki     Abdulrahman Onikijipa     Forgo Battery     Abdulmajeed Abdullahi     Ojuekun     Gwanara     Mutawalle     Yusuf Lanre Badmas     Aishat Mohammed Lawal     Olosi Of Osi     Ajibola Ademola Julius    

Cloud Tag: What's trending

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

Laduba     Hussein Olokooba     Abdulrahman Abdulrazaq     Kwara State Council Of Chiefs     Adedeji Onimago     Amuda Aluko     Javed Khan     Shoprite     Oju Ekun Sarumi     Iyaloja-General     NSCIA     Igbaja     Mohammed Ghali Alaaya     Gobir     Eleja Taiwo Banu     Ella Supreme Tissue Paper     Oro Grammar School Old Students Association     Kamaldeen Ajibade     David Adesina     Mogaji Aare     Abdulwahab Olarewaju Issa     Oyawoye     Ibrahim Taiwo     Durosinlohun Kawu     Age AbdulKareem     Tinubu     Galadima     Lola Ashiru     Bio Ibrahim     Yahya Mohammed     Risikat Lawal     Babs Iwarere     Okin Biscuit     Amoyo     Hikmah AbdulKareem     Ophthalmological Society Of Nigeria     Abdulrazaq Akorede     Umar Ayinla Saro     AGILE Programme     Mohammed Saidu     Abdulkadir Remi Hawawu     Kisira     Owode Market     KFA     JAAC     Kwara 2015     Bashirat Bola Bello     Ayinde Oyepitan     Olufolake Abdulrazaq     SWAN     Ayo Opadokun     GRA     Moses Adekanye     Adamu Attah     Umar Sanda Yusuf     UITH     Aliyu Muhammad Saifudeen     A.O. Belgore     Abiodun Oyedepo     Sadiq Buhari     IHS Towers     Umar Danladi Shero     Alimi Abdulrazaq     Facemasks     Yekeen Alabi     Sulyman Atolagbe Alege     Abdulmajeed Wahab     Olofa Of Offa     Ahmed     NTA Ilorin     Malete     Prince Sunday Fagbemi     Olusola Saraki     Michael Nzekwe     Matthew Babaoye     Olatunde Olukoya     Iponrin