Heritage Bank Chairman, Akinsola Akinfemiwa’s Ambition Suffers Setback! …Why He May Not Contest For Ondo Governorship Election Again

Akinsola Akinfemiwa

It’s no news that one of the people eyeing the seat as the next governor of Ondo state come 2017 is the chairman of Heritage bank, Akinsola Akinfemiwa. But with the latest development that affected his close ally, Tunde Ayeni of Skye bank, reputation has thrown spanner into his personality.

Tunde Ayeni who lost the privilege of heading the board of Skye bank was booted out after Central bank Of Nigeria; CBN discovered that the bank had an estimated non-performing loan portfolio of N700 billion, much of which is due to an overexposure in the oil and gas sector. The bank asset was taken over by Asset Management Company of Nigeria (AMCON) who would buy up the bank’s toxic loan and then make efforts to recover them from the bank’s chronic debtors.
The disaster according to those close to Akinsola Akinfemiwa has alleged that his ambition will definitely suffer a setback since there was a previous agreement between the two friends on how they will put up financial muscles to execute the ambition. Though some quarters claimed Akinsola is a wealth man, a man who was said to own a magnificent edifice at Ajose Adeogun in Victoria Island, Lagos, Premiere building, the structure that house the office space of Famfa Oil Limited owned by the world richest black woman, Folurunsho Alakija.
Political pundits claimed that Akinsola’s kind of wealth cannot successfully bankroll the money needed to quench his thirsty for power in Ondo state.
Those close to Akinfemiwa alleged that his bank cannot produce such huge amount of money but the only avenue left for him his to seek the favour of his godfather, Bukola Saraki. It will be recalled that it was rumored that the bank was co-owned by the former chairman of Skye Bank, Dr. Tunde Ayeni and the Senate President, Bukola Saraki.

Source: papermatche online