How, Buhari’s Family Now Plays Big In Nigeria Financial Sector? – Atiku

Buhari’s family now owned substantial shares in Etisalat (9mobile) Nigeria which had an estimated $2bn (about N727bn at 360 per dollar) of its estimated $20bn global net worth.

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Atiku Abubakar/Photo credit: dw

Atiku is working to make sure that if finance is all that is required to win the presidential election, he can as well start parading as the next president of the country. He works so hard to ensure that Buhari does not get extra funding source that may aid him beyond his normal strength.

In the light of that, he has called on the appropriate authorities to urgently institute a probe to unravel those he feels might be behind the new ownership structure of multibillion-naira telecoms company, Etisalat (9mobile) as well as Keystone Bank.

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Keystone Bank has on it part debunk the insinuation that President Buhari is their boss in a statement issued by the bank on Tuesday,

“The fact of the ownership of Keystone Bank by the Asset Management Corporation of Nigeria was never in doubt. On March 23, 2017, AMCON divested its ownership of Keystone Bank after successful bidding that followed due process.

“We confirm that the Sigma Golf-Riverbank Consortium owns 100 per cent of Keystone Bank. From the records available to us which are verifiable at the Corporate Affairs Commission, the core investors (Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited) have no relationship with either President Muhammadu Buhari or Alhaji Abubakar Atiku, as may be widely speculated.”

The PDP presidential flag bearer said in a statement in Abuja and signed by his Special Assistant on Public Communication, Phrank Shaibu, that such a probe was necessary in view of the reports that members of Buhari’s family now owned substantial shares in Etisalat (9mobile) Nigeria which had an estimated $2bn (about N727bn at 360 per dollar) of its estimated $20bn global net worth.

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Atiku wonders greatly why Buhari’s family suddenly plays big in Nigeria’s financial sector after acquiring lots of shares in Keystone Bank with total assets of $1.916bn (equivalent to N307.5bn) as well as  purchasing about  N3bn worth of shares in the new Pakistani Islamic Bank.

Where were they before now? He may wonder.


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