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Monday, January 6, 2014

Angry youths destroy Sterling Bank’s branch over SURE-P fund


Sterling Bank MD, Rasak Adeola

It was a scene of chaos and pandemonium recently when some angry Bayelsa State youths went berserk and destroyed some parts of the building housing a branch of Sterling Bank Plc in the state.
In fact, the timely arrival of armed policemen from the State’s Police Command prevented the rampaging youths from setting ablaze the embattled bank’s premises alongside staff and customers already transacting business inside the troubled building.
SHOWBIZPLUS reliably learnt that trouble started when the management of the bank told the youths that the Subsidy Re-Investment and Empowerment Programme (SURE-P) fund meant for them had been cancelled.

Meanwhile, the aggressive and expectant youths had earlier stormed the bank and told the management that they had been directed to the bank to open accounts to enable them benefit from SURE-P largesse.
The bank’s management also committed a financial blunder by earlier designing a form and directing the youths to open an emergency account tagged Kia Kia Account with N1,000, prior to the crisis, while still waiting for confirmation from its headquarters and the SURE-P office in Abuja.
Sadly, the clash reached a crescendo upon confirmation from its headquarters as well as the SURE-P office in Abuja that there was no scheme for the already agitated youths.
The youths went on rampage immediately the bank’s management broke the ugly news to them.
“If not for the quick intervention of armed policemen deployed to the bank’s premises, the rampaging youths who already had gallons of fuel with them would have set the bank ablaze”, disclosed an eyewitness.
Also confirming the embarrassing incident, the Police Public Relations Officer of Bayelsa Command, Mr. Alex Akhigbe, said it was true the bank issued the youths forms and asked them to open accounts.
“The youths threw stones and damaged vehicles,” Akhigbe stated.
The Managing Director of Sterling Bank Plc is Rasak Adeola.

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