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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Jaiz Bank     Harmony Holdings     Funmilayo Isiaka Oniwa     Jide Ashonibare     Balikis Jawondo     Fatimat Saliu     Mohammed Yisa     Tafida     Wole Oke     Saba Jibril     Ado Ibrahim     ASKOMP     Amuda Musbau     Malete     Charcoal     Ayo Opadokun     Aasiyat Bello Oyedepo     PPS     Moro     Owo Isowo     Jebba     Anilelerin     Shade Omoniyi     Sa\'adu Salahu     Lola Ashiru     Quranic Recitation Competition     M.Y. Abdulrahaman     Ilorin South     Durbar Festival     Olomu     Aso-ofi     Obayomi Azeez     Abdulwahab Olarewaju Issa     Durosinlohun Atiku     General Hospital, Ilorin     Lithium     Olokoba Sulyman     Neo Mundo Ltd     New Model Police Station     Alfa Yahaya Road     Saad Omo\'ya     Ibrahim Sulu Gambari     Kayode Bankole     Adesoye College     Okin Biscuit     Oasis Muslim Care Foundation     Principal Private Secretary     Adesina Simon Sodiya     Owo Arugbo     Undergraduate Bursary     Funmilayo Braithwaite     Muhammed Abdullahi     Opobiyi     Oja-Oba     Oyelere Oyinloye     Bayo Ojo     Ramat Oganija     Wasiu Onidugbe     Razaq Atunwa     SSA Youth     Isiaka Gold     ER-KANG Mining     Oyedun Juliana Funke     Agbarigidoma     ASMAU PLAZA     Waziri Yakubu Gobir     KWSUED     Raliat Islamic Foundation     11th Galadima     Kannike     Solomon Edojah     Tinubu Legacy Forum     Kwara State Polytechnic     Oye Tinuoye     Issa Manzuma     Raji AbdulRasaq     Gobirawa    

Cloud Tag: What's trending

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

Congress For National Consensus     Kwara Muslim Pilgrims Welfare Board     ER-KANG     Adedayo Yusuf Abdulkareem     Kwara Metro Park     Yusuf Mubarak     Erubu Oba Zubair     Ayo Salami     Oluwole Dupe     Dogara     Kawu Baraje     Kale Belgore     Gamji Members Association     Face Masks     Al-Hikmah Radio     Daud Adeshola     Ajasse-Ipo     TETFUND     Abdulrasaq Alaro     Usman Yunusa     Isiaka Alikinla     Sunday Fagbemi     Ijagbo Health Centre     Government Girls’ Day Secondary School Pakata     State Bureau Of Internal Revenue     Sheikh Hamzat Yusuf Ariyibi     Mutawali     Ambassador Kayode Laro     Mubarak Oladosu     Oloruntoyosi Thomas     Nagode     Quareeb     IF-K     Ilorin International Airport     Ayegbeni     Sulyman Atolagbe Alege     UNILORIN Alumni Association     Alimi Abdulrazaq     Ahman Patigi     Taibat Ayinke Ahmed     Ayinke Saka     Orire     Awili Pedro     NNPP     KWSIEC     Taiwo Joseph     Kwara State Health Insurance Agency     Yekini Adio     Dan Iya Of Ilorin     Ubandoma     Owo Isowo     Roheemat Hammed     Agor Market     Adekunle David Dunmade     Kayode Ishola     Kwarareports.com     Is\'haq Modibbo Kawu     Ahmed Dankaya     Moro     Aisha Gobir     Ilota     Isin     David Adesina     Al-Ilory     Elesie Of Esie     Abdulrahman Abdulrasak     Fatai Garuba Labaka     Shehu Raheem Adaramaja     Press Release     Idris Garuba     Suwa-Arabs     Ayo Opadokun     Ojo Fadumila     Wahab Agbaje     Amina Susa\'a De Ahmed     Imam Gambari     Bluenile Associates