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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Sam Okaula     Ibraheem Abdullateef     Saduki Lafiagi     Earlyon Technologies     Basit Olatunji     Otoge     Imam Gambari     Vishvas KOZ Tractors     Curfew     Abubakar Atiku     Babajide Ajayi     Abdullahi Dasilva Yussuf     Aisha Buhari     Micheal Imodu-Ganmo Road     Elerinjare     Suleiman Abubakar     Rotimi Samuel Olujide     Hassan A. Saliu     Abubakar Abdulraheem     Adebara     Muhammed Mahe Abdulkadir     Akanji     Ali Ahmad     Mohammed Kamaludeen     Okin Biscuit     Kaosarah Adeyi     NYSC     Umar Bayo Abdulwahab     Elections     Oluwarotimi Boluwatife Adenike     Umar Gunu     Oyeyemi Olasumbo Florence     Kwara 2019     Kwara State Sports Commission     Deji Ajani     Sebastine Obasi     Dumagi     Federal Allocation     Obasanjo     Kale Ayo     Peter Amogbonjaye     Tayo Alao     Rebecca Olanrewaju     International Aviation College     Ophthalmological Society Of Nigeria     Adamu B. Yaqubu     Abdulhakeem Adelaja Amao     Abraham Ojo     Col. Ibrahim Taiwo     Muhammad Toyin Sanusi     Ajike People Support Centre     Ibrahim Gambari     Oju Ekun Sarumi     David Oyerinola Adedunmoye     Pilgrims Board     Javed Khan     Aasiyat Bello Oyedepo     AbdulHakeem Ajibola Akanbi     Alagbado     Federal Road Maintenance Agency     Moji Makanjuola     Ilesha-Baruba     Trade Lenda SME Fair     Ganmo Power Sub-Station     Abiodun Musa Aibinu     Amina Susa\'a De Ahmed     Lafia Aliyu Korasabi     Sulaiman Gado     Saka Asiat Ayinke     Benin Republic     Muhammed Aliyu     Lawan     Police Commissioner     Bilikisu Gambari     Mahe Abdulkadir     Makama     Kwara State Branch Of The National Library    

Cloud Tag: What's trending

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

Olosi Of Osi     Yusuf A. Usman     Muftau Akanbi Oke     Olaosebikan     Adewuyi Funmilayo     Onilu     Haliru Yahaya     Ilorin Muslim Community     Ogidi-Oloje     Baboko Primary School     Mohammed Jimoh Faworaja     Saliu Tunde Bello     Oko Erin     Tunji Ajanaku     Ibrahim Abdullahi     PPS     Okanlawon Taiwo     Abdullahi Imam Abdullahi     Wahab Kunle Shittu     Muslim Stakeholders Of Kwara State     Kale Kawu     Sun Qing Rong     IYA YUSUF     IEDPU     Jebba     Kazeem Adekanye     V.O. Abioye     Olaitan Adefila     International Public Sector Accounting Standards     Paul Odama     Bolaji Gambari     Bukola Saraki     Volunteers Of Ilorin Community And The Emirate     United Nigeria Airline     SUBEB     Alloy Chukwuemeka     Bolakale Saka     Mumeen Lah     Omar Bolaji Gambari     Kwara Consultative Forum     Iponrin     Idowu Aremu     NURTW     Ojo Fadumila     Mogaji Aare     Ndama Al-hassan     Sa\'adu Salau     Doyin Awoyale     Gbenga Adebayo     Hajj     Savannah Centre For Diplomacy, Democracy And Development     Okoolowo     Lafiagi     Siraj Oyewale     Ubandoma Of Ilorin     Garment Factory     Oju Ekun Sarumi     Alaiye     Radio Kwara     Ilorin Durbar     Baba Adini Of Kwara State     Bature Bello     Kwara Teaching Service Commission     Galland Marcias     Muideen Olaniyi Alalade     Abdulbaqi Jimoh     Abubakar Atiku     Aliyu Muhammed     Seed Technologies     Olatinwo     Abdulazeez Uthman     Ophthalmological Society Of Nigeria     United Nigeria Congress Party     Wasiu Odewale     Jare Olatundun     Durbar     Shuaibu Yaman Abdullahi