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Day of reckoning for failed bank chiefs
The fallen titans of Nigerian finance have been living tranquil lives
since the fall of their empires at the onset of Soludo's banking
consolidation. Many of them have been rehabilitated and are now
running other businesses that are less prone to regulatory scrutiny.
Most of them have shamelessly refused to repay the insider loans that
crippled most of their banks. However it seems that our politicians
have finally decided to bring them to book. Here's a list of some bank
chiefs who are still living the life after wrecking the lives of so
many ordinary Nigerians.
Chief (Prince) Samuel Adedoyin : He and his daughter, Pastor??? Sola
Adeoti (Now a Redeemed pastor no less) destroyed City Express Bank.
Chief Victor Odili: Former Chairman of Liberty Bank, Now a shareholder
of MTN and benefactor of Governor Rotimi Amaechi.
Chief O.B.A Kola Daisi: Former minister and ex-Chairman, Fountain
Trust Bank, Transferred his assets to National Lottery and Corporate
Cabs now managed by his son.
Chief Henry MacPepple: Nigeria's Bernie Madoff, The former chairman of
Fortune International Bank nearly destroyed Wema Bank after racking up
bad loans. He is now on Zenith's Board.
Chief Leo Stan-Ekeh: He and his protege, Chika Mbonu liquidated
Assurance Bank. Ekeh is now a technology pioneer??? while Mbonu spends
his time attending elite parties.
Chief Ebitimi Banigo: The Master of the Game. The former minister
orchestrated a public offer just before his bank went bust, taking
depositors and investors money with him. Mr Ebibomo Timitimi is now
the MD of Channel Oil and Gas.
Chief Olakunle Bakare is building a wonderful high-rise in Victoria
Island even though a court has ordered him to refund the loot he
plundered from Metropolitan Bank. Sources say that he used most of the
money to finance his wife, Remi Adiukwu-Bakare's perennial attempts to
become Lagos State Governor.
By the way, a little bird told me that Bunmi Oni, the disgraced former
MD of Cadbury, a man that seriously damaged the reputation of Nigerian
managers, is now a pastor who occasionally chairs church conferences
on ethics. Wow!
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