All The Details As Unity Bank Corners Multi Billion Naira Sovereign Investment Fund


+IBB, Abba Kyari Connection

There is great happiness at financial institution, Unity Bank.

The ailing bank just secured another lease of life.

The management has accessed the sovereign wealth or investment fund to buoyed its operations.

Sources claim the funds at stake bail out the financial institution headed by Oluwatomi Somefun from conducting its operations on shoestring budget, like before.

“The fund is huge…everybody at the bank is exceedingly happy it came to be” a source disclosed.

The Nigeria Sovereign Investment Authority(NSIA) manages the wealth fund which amongst other things provides “stabilization support in times of economic stress”.

Checks by societynowng revealed the happiness suffusing Unity Bank via accessing the wealth fund wouldn’t have been if the hard stance of Abba Kyari, the chief of staff to President Muhammadu Buhari played.

Kyari widely regarded as one of the most powerful men in the presidency was said to have stumbled on the “arrangement” with Unity Bank at the point of disbursement and threw up all manners of barriers in the names of questioning the motives and veracity of claims involved.

The Chief of Staff’s “interest” was said to have become intense that it took the intervention of silent power behind the bank, former President Ibrahim Badamosi Babangida to make it fizzle away – and the fund released.

Babangida’s son Aminu is the chairman of Unity Bank.

Source: societynow

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