The Executive Chairman of Akwa Ibom Investment Corporation (AKICORP), Dr. Elijah Akpan, has stated his Corporation’s readiness to partner the new Management of Akwa Savings & Loans Ltd towards ensuring the bank’s continuous sustainability, growth and overall success.
Dr. Akpan stated this while playing host to the new Management Team of Akwa Savings & Loans Ltd, who were in his office for a business audience today, 2nd November, 2016.
He said that as the warehouse of all Government companies/investments, AKICORP was particularly happy that all the efforts put in to ensure that the only indigenous bank in the State did not go under, were not in vain.
While expressing the optimism that Akwa Savings & Loans Ltd will achieve its mandate and realise the vision of its founding fathers, Dr. Akpan said he had great faith in the new Team; describing it as a capable one.
Dr. Akpan assured his guests that as a Supervisory Agency and a major Stakeholder of the bank, AKICORP will continue to do all in its power geared towards its accomplishments.
Also speaking, the Executive Director, Operations, AKICORP, Mr. Imo-Abasi Jacob, lent his voice in assuring the new team of AKICORP’s preparedness to give them the needed assistance and co-operation to enable them succeed in their task of repositioning the bank.
Earlier, the new Managing Director and Chief Executive Officer of Akwa Savings & Loans Ltd, Mr. Ebong Bassey, while thanking the State Governor, Mr. Udom Gabriel Emmanuel, for constituting the new Management, expressed appreciation for the opportunity to serve the State.
The MD told his host he thought it necessary to bring his team to introduce to the Management of the Agency which has the oversight function over the bank and to assure them of their readiness to turn around the fortunes of the bank.
He expressed his team’s determination to partner Government and all relevant Stakeholders in providing affordable housing schemes to Civil Servants in the State.
Mr. Ebong disclosed that in preparation for a smooth take-off, they had completed both personnel and financial audits of the institution, ready to carry out its core mandate, being that of mortgage.
To achieve this, the Chief Executive Officer said the bank needed to recover all loans owed it by people, hence, it having put all modalities in place to embark on an aggressive loan recovery drive.
Mr. Bassey, therefore, used the occasion to appeal to all members of the public who had, at any time, collected loans from the bank to refund such loans as, according to him, these are depositors’ money, which must be accounted for.
He assured AKICORP that his Team will never support any deal that would bring the bank down, saying it had already drawn out a 5-Year Road Map for the financial institution.
Also present at the meeting were Director, Investment Promotion & Appraisal, Mr. Aniekan Abraham; Head, Entrepreneurship & Business Development, Mr. Emmanuel Akpan; Head, Project Monitoring & Implementation, Mr. Sunday Ekpo; Head, Finance & Accounts, all AKICORP; Company Secretary of Akwa Savings, Mr. Abasiama Idiong; Heads of Business Development; Human Resources & Administration, Ubong Uwah and Oliver Ernest, among others.
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