Pay up or face disgrace and prosecution- New Akwa Savings MD tells Debtors

...vows to recover depositors funds

The new Managing Director and Chief Executive Officer of Akwa Savings and Loans Limited, Mr Ime Okon has vowed to recover depositors' funds given out as loans to creditors, who have refused to pay back. He expressed anger at the impunity with which depositors' funds were borrowed by people who have not indicated any interest to pay back. He stressed that "the money belonged to ordinary struggling citizens and therefore when people borrow the money, they must repay it. We will take legal action to recover the money and if they are people who desire to pay but don't have all the cash, they can come for negotiation. It can not be business as usual, depositors must be protected."

He made the commitment during an advocacy visit to the Ministry of information and Strategy earlier today. He was accompanied by the Company Secretary, Barr. Abas Idiong. The new Bank Chief, Mr. Okon, who in 2013 was the Managing Director of Keystone Bank,  Sierra Leone, comes with a rich banking experience across different jurisdictions. He has promised to invest all his knowledge and experience in the revitalisation of the Bank for the benefit of the depositors and the State at large.

The Commissioner for Information & Strategy, Comrade Ini Ememobong  welcomed the new bank chief and expressed delight at his energy and vision. He pledged the support and partnership of the Ministry to the revitalisation drive of the bank. The Director, Technical Services Directorate, Mrs. Blessing Urua, Director, Public Relations, Mrs. Grace Akpan and Assistant Director, Aniekan Ukpong joined the Commissioner to receive the new Bank helmsman.

Press Unit
Office of the Hon. Commissioner
Ministry of Information & Strategy
Akwa Ibom State