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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Amosa     Kwara Central     Sulaiman Gado     Alumni Association Of The Federal Polytechnic Offa     Maimunat Oniyangi     Kazeem Oladepo     KwaraLearn     Abdulraufu Mustapha     Kwara State Internal Revenue Service     Amusa Bello     KWSIEC     International Aviation College     Wale Oladepo     Javed Khan     Dagbalodo     Valsolar Consortium     Azeez Salawu     Wahab Isa     Abdulazeez Arowona     Joshua Adeyemi Adimula     Ifelodun     National Party Of Nigeria     KSIRS     Peculiar Allowance     Abdullahi Saadudeen Alikinla     Medview Airlines     Ibrahim Taiwo     Solomon Edojah     Iyabo Adisa Ibiyeye     Public Holiday     UTME     Umar Danladi Shero     Dele Momodu     Mustapha AbdulGaniyu     Magaji Erubu     Maryam Ado Bayero     Muhammed Aliyu     Abioye Bello     Vasolar Consortium     Ilesha-Gwanara     Mohammed Ajia Ibrahim     Bolaji Abdullahi     Rafiu Olasile     Shettima     Abdulmajeed Wahab     Sobi FM     3MTT     Olusin Of Ijara Isin     Kolade Solagberu     Marafan Shonga     Lanre Jimoh     Bature Bello     Ilorin Central Mosque     Sa\'adatu Modibbo-Kawu     Abdulrasheed Lafia     New Model Police Station     Kwara State Coalition Of Business And Professional Associations     Cassava Growers\' Association     Ayobola Ipinlaiye     Sa\'adu Salau     Ajakaye     Overland     Ibrahim Gambari     Tanke Flyover Bridge     Jimoh Lambe Abdulkareem     Jimoh Olusola Imam     Kwara Restoration Project     Ahmad Olayiwola Kamaldeen     Hijab     Esinrogunjo     Omoniyi M. Ayinla     Kale Bayero     Ophthalmological Society Of Nigeria     Olaitan Adefila     Kwara State Fire Service     Pacify Labs     Abikan    

Cloud Tag: What's trending

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

Oniye     Photo News     Tafidan Kaiama     Islamiya Abdulraheem     Yusuf Olaolu Ali     Toyin Sanusi     Isiaka Danmeromu     Yusuf Aiyedun     Wahab Agbaje     Idris Amosa Oladipo Saidu     Lawal Arinola Kudirat     Muhammad Mustapha Suleiman     Mukhtar Shagaya     Yahaya A Paniyaro     Kale Kawu     Osi     Forgo Battery Company Limited     Amule Elementary School     Ilorin Durbar     Kwara State Branch Of The National Library     Oye Tinuoye     Atiku     Saka Abimbola Isau     Tunji Arosanyin     Kudirat Arinola Lawal     MATTA Girls Foundation     Ahmad Ali     Umar Adelodun     Oba Abdulraheem     Ajike People Support Centre     Muhammed Taofeeq Abdulrazaq     Labaeka     Saidu Yaro Musa     Adama Isa     Hamid Bobboyi     Moronfoye     Sarkin Malamai     Ejidongari     Rafiu Olasile     Yusuf Mubarak     Rotimi Oyedepo     Abdullahi Biffo     Usman Rifun     Lateef Fagbemi     State Bureau Of Internal Revenue     Olabode George Towoju     Sodiya     Yomi Ogunsola     Kamoru Kadiri     Sheikh Hamzat Yusuf Ariyibi     FERMA     Gbemisola Oguntimehin     Femi Oladiji     Quareeb Islamic Association     Age AbdulKareem     Amuda Bembe     Gambari     Raymond Olaitan     Funke Adedoyin     Odolaye Aremu     Maimunat Oniyangi     Valsolar-Kwara Company Limited     Sarah Alade     Joshua Adeyemi Adimula     Kwara 2019     Abdulquowiyu Olododo     Durbar     Ilorin General Hospital     Olatinwo     Muritala Awodun     GAMA     Oluwarotimi Boluwatife Adenike     Adaramaja     Kale Bayero     COVID     Al-Ilory     Lateef Ademola Olatunji