The Osun State Government has rejected the position of the Central Bank of Nigeria on its nominee for the directorship of Living Trust Mortgage Bank, Dr. Wale Boluwaduro.
The position of the government was contained in a statement made available to newsmen by the spokesman of the Governor, Olawale Rasheed.
According to the statement, the state government, with Ademola Adeleke as governor, urged the apex bank to review its position in the interest of due process, compliance with regulatory acts, and shareholders’ interest.
The state government posited that as a major shareholder and largest depositor in the bank, it has inalienable right to nominate a director, which in this case is Boluwaduro.
While affirming that its nominee has no criminal or professional misconduct, the government urged the leadership of the CBN to reconsider its position so as to protect the state’s interest as a major shareholder in the said bank.
The Osun State Government posited that failure to grant the state its due rights in the appointment of a director may lead to a review of its banking relationship with the Living Trust Mortgage Bank as a depositor with various running costs for its Ministries, Departments, and Agencies in the bank.
- Davido brings 5IVE to life with intimate meet-and-greet, powered by Spotify
- Delta: Why we defected to APC — Okowa
- VP Shettima arrives Asaba to receive Oborevwori into APC
- Woman docked for allegedly posting pictures of another on Tiktok
- Tinubu hails Remo Stars FC on historic league victory
The statement narrated that up till March 18, 2025, there were attempts to evaluate Dr. Bolorunduro based on technicality and credibility, noting that It was when that failed that a one sided internal visitation report, written since May 2024, was now used as a basis for the CBN’s decision.
The state government wondered why the submissions of the government on the visitation were not considered.
The CBN was invited to note that officials who came only spoke with CitiTrust.
Follow The Eagle Online Channel on WhatsApp
