It was a good step taken by the new management of ailing state owned finance company, Akwa Savings & Loans Limited, when it visited the state legislature recently to seek support in the bank’s shot at recovery.
In all honesty, the present plight of Akwa Savings & Loans Limited, a microfinance bank established to assist in the economic development of the state by providing loan services and financing for individuals, businesses and/or corporate organizations, should bother any patriotic citizen.
That is why state government’s injection of bailout fund (an undisclosed amount), constitution of a panel of inquiry and change of the bank management as well as an investigation of the bank’s looters by the Economic and Financial Crimes Commission, EFCC, should be commended.
