Information filtering has it that the table has turned on
the celebrity status of Bank of Industry (BOI) Managing Director, Rasheed
Olaoluwa.
A finding by societyreelnews unearthed that the acclaimed
Nigeria’s oldest, largest and most successful development financing
institution’s MD has gone lowkey.
This development is attributed to multiple allegations
against him- borrowing from BOI with his personal organization and refusal to
service loan, including granting of loans to his key loyalists.
Reliable sources revealed that Managing Director of Bank of
Industry, Rasheed Olaoluwa who was elected as interim chairman of Ikeja Hotel
Plc has resorted to lowkey lifestyle after his activities came under the
searchlight of the Board of directors of the bank. It was gathered that few
months ago with the directives of the board of directors of BOI to adopt a hard
stance against debtors, publishing on its website, 24 blacklisted companies,
which allegedly failed to repay loans granted to them, the directors found out
that a particular company’s name was omitted.
