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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Sa\'ad Alanamu     Olam Food Ingredients     Yekini Adio     Apata Ajele Secondary School     Bature Bello     Olumide Daniel Ibitoye     KWASAA     Ayotunde Emmanuel Alao     Moshood Kashimawo Abiola     Sheriff Shagaya     Isiaka Oniwa     Sebastine Obasi     Abdulquawiy Olododo     Ahmad Uthman     UTME     Seed Technologies     Fola Consultant     Doyin Awoyale     Ahman Pategi     T And K FOODS     Oluwole Dupe     S.O. Opowoye     Mohammed Yisa     Abubakar Abdulraheem     Haliru Yahaya     COVID     Musa Abdullahi     CCT     Ilorin West     Ubandawaki     Oloyede     Salihu Ajibola Ajia     Ayinke Saka     Baboko Primary School     Colleges Of Education Academic Staff Union     Umaru Saro     Dunmade     Student Learning Support Helpline     Kehinde Baale     Kwara North     Bola Tinubu     Undergraduate Bursary     Sheikh Alimi     Saliu Shola Taofeek     Madawaki Of Ilorin     Ahmad Belgore     Eleja Taiwo Banu     Government Girls’ Day Secondary School Pakata     Ahmed Saidu Rufai     Rotimi Samuel Olujide     Vasolar     Wahab Issa     Kisira     Kwara Metro Park     Ajia-Bako     Albert Ogunsola     Sardauna     Kayode Yusuf     Ilota     Siddiq Adebayo Idowu Salawu     Abdulrosheed Okiki     Sarkin Malamai     Haruna Olawale Sulaiman     Abubakar Kawu Baraje     Oke-Kura     Ezekiel Yissa Benjamin     Basic Education Certificate Examination     Medinat Folorunsho Salman     Osi     Geri-Alimi Split Diamond Interchange     Abikan     TESCOM     Kisra     Ilesha Gwanara Road     Afusat Nike Ibrahim     James Ayeni     Issa Oloruntogun    

Cloud Tag: What's trending

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

Nurudeen Mohammed     Wahab Femi Agbaje     Ibrahim Abduquadri Abikan     Kale Belgore     07039448763     Sobi     Congress For National Consensus     Jeunkunu-Malete-Bani     Federal College Of Education (Special), Afon     Moshood Kashimawo Abiola     Kwara Basketball Association     NULGE     Abiodun Oyedepo     CUTI     Bank Of Industry     Abdulhakeem Adelaja Amao     National Broadcasting Commission     James Kolo     Tanke Flyover Bridge     Balikis Jawondo     General Tunde Idiagbon International Airport     Yahaya Oloriegbe     Kamaldeen Ajibade     Raji AbdulRasaq     Susan Modupe Oluwole     Illyasu Abdullahi     Kwara Coalition Of Business And Professional Associations     Kwara State Geographic Information Service     Abdullahi AbdulMajeed     Mutawali     Mary Kemi Adeosun     Abdulrasaq Alaro     Ayodele Kuburat Olaosebikan     Suleiman Ajadi     Ibrahim Abiodun     Balogun-Ojomu     Abdulfatai Salman Baakini     David Adesina     Mohammed Lawal Bagega     Sulyman Atolagbe Alege     Bamidele Adegoke Oladimeji     Ibrahim Oloriegbe     Bursary     Amasa     Oke-Oyi     Bond     Salihu Jibril Garbi     Geri-Alimi Split Diamond Interchange     ENetSuD     Toun Okewale-Sonaiya     Raliat AbdulRazaq     Mustapha AbdulGaniyu     Ekweremadu     Eruku     Shuaib Boni Aliyu     Jide Ashonibare     Okeose Christian Cementary     Ilorin Talaka Parapo (ITP)     Popo-Igbonna     Gamji Members Association     Raheem Adaramaja     Jani Ibrahim     Christopher Odetunde     Abatemi-Usman     Bola Tinubu     Shehu Alimi Foundation For Peace And Development     SGBN     Post Utme     Idowu Laro     Abdullahi Adisa Akodudu     Abdulraheem Olesin     Mansurat Amuda-Kannike     Opobiyi     Olayinka Olaogun     Ibrahim Mohammed     KW-GIS     Adamu Attah