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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Ilorin Emirate Staff Association     Femi Oladiji     Labour Party     Iyaloja-General     ER-KANG Mining     Suleiman Alege Kuranga     Aliyu Kora-Sabi     Aisha Gobir     Durbar Festival     NIPOGA     Garba Ayodele Wahab     Igosun     Minimum Wage     March 28     Erubu     Harmony Holdings     Aro Yahaya     Kwara State Pension Board     Tunde Idiagbon Road     Raimi Iyanda     Kayode Ishola     Ilorin Airport     Abdulrahman Abdulrasak     Sarkin Malamai     Salihu Alhaji Musa     Toyin Falola     Kumbi Titilope     Saadu Gbogbo Iwe     Kwarareports.com     Bello Oyedepo     Kwara 2015     General Hospital, Ilorin     Abdulraheem Yusuf     Aliyu Olatunji Ajanaku     Abdulrazaq Aiyelabegan     Abdulrasheed Na\'Allah     Kamaldeen Ajibade     Yomi Ogunsola     NIPR     Olatomiwa Williams     Kwara State Polytechnic     Prince Sunday Fagbemi     Igbaja     Omupo     International Vocational Centre     Fatimah Abdulkadir     Yashikira     Abubakar Lah     Kupchi Hosea Maxwell     Sulyman Buhari     Moses Afolayan     Falokun-Oja     Rebecca Olanrewaju     Rice Farmers Association Of Nigeria     Ilorin     Ibrahim Abikan     Elerin Of Adanla     Kwara Consultative Forum     Y.A. Abdulkareem     College Of Education     Mohammed Alabi Lawal     Bashir Omolaja Bolarinwa     IYA YUSUF     Yusuf Lawal     Ibrahim Abdulqadir Abikan     Ayedun     Saka Adeyemo     Isiaka Danmeromu     Federal Neuro-Psychiatric Hospital     Jumoke Monsura Gafar     Ijagbo     Suleiman Idris     Elerin Of Erin-Ile     Joseph Offorjama     Dan Masanin     Amule Elementary School     Patience Jonathan    

Cloud Tag: What's trending

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

Muslim Stakeholders Of Kwara State     Elerinjare     Kamoru Kadiri     Sherif Sagaya     Okeose Christian Cementary     Adebayo Mohammed Kamaldeen     Oke-opin     SGBN     Ilorin International Airport     Split Diamond Interchange     Abdulganiyu Oladosu     Ibrahim Oniye     Turaki     TETFUND     Saidu Isa     Oya State     Esinniobiwa Quareeb     Yusuf Zulu-Gambari     Kumbi Titiloye     Ahmed     Kola Shittu     Offa Metropolitan Club     Tuesday Assayomo     Raji AbdulRasaq     Shururat Olatinwo     Shuaib Jawondo     Zainab Abass     Sidikat Uthman Ajibola     Joseph Yemi Ajayi     Mukhtar Shagaya     Jawondo     George Innih     Prince Mahe Abdulkadir     Niyi Ogundiran     Oba Of Jebba     Chief Imam Of Omu-Aran     Press Release     Peter Obi     Olusegun Adeniyi     Makama     Universal Basic Education Commission     Wasiu Onidugbe     Jimoh Olusola Imam     Sarkin Malamai     Saba Jibril     Suleman Abubakar     Rabiu Kwankwaso     Sulyman Tejidini     Curfew     Frootify     Magaji Erubu     UNIFEMGA     Dogara     New Model Police Station     Abdulmajeed Wahab     Elelu     College Of Education     KWAFFA     Yusuf Amuda Aluko     Kunle Okeowo     Olomu     SAPZ Project     Gbugbu International Market     Ilorin South     Jide Oyinloye     Unilorin     Abdulrauf Aliyu     Pakata     Okin Malt     AbdulRazaq Abubakar Jiddah     Council Of The Wise     Hamza Usman     Pacify Labs     Al-Adaby     Bilikis Oladimeji     Kayode Oyin Zubair     Fatai Garuba Labaka