Home News Akande Knocks Saraki Over Failed Banks

Akande Knocks Saraki Over Failed Banks


Akpan Etukudoh Asare

A Professor of Business finance and Islamic financial expert, Asiwaju Busari Shaamsuddeen Akande (ABSA) has alleged that the Senate President, Bukola Saraki’s political journey was the reason many banks failed in the past and if care was not taken such could replay in 2019!

Akande who is contending with Saraki for the Kwara State central senatorial seat, alleged that in 2003, Intercontinental Bank, Trade Bank and Societe Generale Bank Ltd went under due to excessive withdrawals and donations from them for Saraki to fund his 2003 election.

The flag bearer of the All Nigeria Renewal Party (ANRP) Kwara central senatorial candidate was in Calabar where he spoke to journalists on his preparation and how he would impact his constituency when elected.

“Saraki got sponsored with a whooping sum of N20 million in 2002-2003 from SGBN as a donation for an election to defeat the incumbent, Gov Lawal then. The money was released because there was lose banking policies and without due process.”

ANRP senatorial candidate expressed feared that there could be attempt to visit the state treasury with such severity. “if the 2003 election could collapse SGBN, Trade Bank in 2006, Intercontinental in 2012, then it could be possible that the state treasury might not be spared”.

According to him, the Kwara central and the entire state have suffered under the 15 years dominance of the Sarakis.

He was optimistic that his election would end the continuous dismal performance and unhealthy controversies which the Senate president had often plunged the state.

He urged the electorate, particularly the youth not give their vote to people who will not remember them again soon after the elections.

He stressed that the people of Kwara central now need a strong voice to speak for them not people who are entrenched in legislative rascality and disrespect for elders.


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