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 Ifie Sekibo, confirmed that customers had withdrawn about 60 per cent of the N21 billion it inherited from SGBN, which is about N12.6 billion.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

Kolo     Tunji Arosanyin     Hijab     Kupchi Hosea Maxwell     Yahaya Oloriegbe     Bola Magaji     Senior Staff Union Of Colleges Of Education     Bamidele Adegoke     Olatomiwa Williams     Eghe Igbinehin     Iponrin     Peter Obi     AGM Professional Services     Abdulrazaq Magaji     Kwara Liberation Group     Isin     Sodiya     Jimba Babatunde     Twitter     Baba Idris     Adekunle David Dunmade     Christopher Tunji Ayeni     Lithium     Quareeb Islamic Association     Balogun Gambari     AbdulRahman Saad     Okoolowo     Nurudeen Muhammed     Sheriff Shagaya     Sardauna Of Ilorin     Association Of Kwara State Online Media Practitioners     Sam Okaula     African Democratic Congress     Kolawole Akande     Alumni Association Of The Federal Polytechnic Offa     Mahe Abdulkadir     Ramat Oganija     Taibat Ayinke Ahmed     Ileloke     20 Billion Bond     Halimat Yusuf     Funmilayo Isiaka Oniwa     Shehu Raheem Adaramaja     Elekoyangan     Gbadeyan Gbadura Yomi     ER-KANG     CCB     Gobir     Ilesha-Baruba     Offa Metropolitan Club     Ndama Al-hassan     Kwara State Fire Service     Igbomina     Zaratu Umar     Kwara State Health Insurance Agency     Senate President     Ita-Ore     Micheal Imoudu     Muhammed Taofeeq Abdulrazaq     Abdulmumin Yinka Ajia     Nigerian Correctional Service     Onilorin     Oniyangi Kunle Sulaiman     Ayeyemi Sulaiman     Sobi Hill     Mahmud Durosinlohun Atiku     Onilu     Tunji Folami     SDP     Unilorin FM     Ilorin Airport     Asiwaju Bola Tinubu     Muhammed Abdullahi     Edu     Olatunde Oyeyiola     Adamu Attah     Shuaibu Yaman    

Cloud Tag: What's trending

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

Kudirat Arinola Lawal     Umar Bayo Abdulwahab     AbdulRauf Keji     Apata Ajele Secondary School     Sabitiyu Grillo     Tuesday Assayomo     Mamatu Abdullahi     Aishat Sulu-Gambari     Afetu Of Alabe     Centre For Community Empowerment And Poverty Eradication     Sola Saraki Educational Foundation     Kassim Babamale     Amos Sayo     Taofeeq Olateju     Oko     Daud Adeshola     Saadu Alanamu     Rotimi Atere     National Broadcasting Commission     Mary Kemi Adeosun     Oro Grammar School     Hakeem Idris     Dairo Kunle Paul     Olushola Saraki     Salary     Bukola Saraki     Adanla-Irese     Lanre Issa Onilu     Moses Salami     Oniwasi Agbaye     Unilorin FM     Admiralty Villa     Saheed Akinwumi     Iliasu     Kwara Teaching Service Commission     Onilorin Of Ilorin     Raymond Olaitan     Abdulahi Abubakar Bata     Isa Aremu     Abdulrahman Abdulrazaq     Jimba Babatunde     AGM Professional Services     Tafida Of Kaiama     Toyin Falola     NNPP     Abdullahi Atanda     Alapado     Olatunde Oyeyiola     Ganiyu Abolarin     Ilorin Emirate     Summit University     Abdulrasheed Lafia     Hamid Bobboyi     Ahmed Dankaya     Taibat Ayinke Ahmed     Eleja     College Of Health     Christopher Tunji Ayeni     Iqra Books     Salman Jawondo     General Hospital     ITEM 7     Yahaya Muhammad     Laduba     Saliu Ajia     Omotoso     Turaki     Council Of The Wise     Kazeem Oladepo     Shade Omoniyi     Lafia Aliyu Korasabi     Femi Gbajabiamila     Ilorin Curfew     Makama Of Ilorin     Quranic Recitation Competition     Yusuf Babatunde Abdulwahab     Aliyu Olatunji Ajanaku