Heavy Down Pour Storm Ilorin, Destroyed several Houses - community cries out, call for government assistance. Yesterday, it was a rainy experience for people within Ilorin metropolis as rain stormed the city and selectively destroyed several properties. The rainy experience was not favorable. The SATCOMMEDIA learnt that the rainstorm that occurred on Saturday night also displaced many people at Oke Ogun community, in Edun, Idiagbon community, in Emirs road, Isale-Gambari among other affected areas. Though no lives were lost in the incident. An eyewitness from the community affirmed the incident and call on government for assistance, as many people left were devastated with little or without hope of assistance from any quarters. He however, further stressed that, any assistance for non-governmental organizations would go along way in restoring the lost hope and further placed them back to normal life.
He has been directed to proceed on suspension with immediate effect and handover all the documents and property of the bank within his care to the most senior officer of the bank, the head of operations, Mr. Balogun Yunus Yinka.
His suspension is in relation with mismanagement of funds, embezzlement, insurbordination and other gross misconducts against the banking rules.
According to our privileged information about the bank, the suspended acting MD has turned himself to sole administrator of the bank since October last year. He has been violating the Central Bank of Nigeria code of corporate governance for the microfinance banks in Nigeria.
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