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Investor pays N97m for First Inland Bank’s shares
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Okey Nwosu, Managing Director, First Inland Bank
The First Inland Bank public offer at the weekend attracted an instant 97 million naira from one of the investors who thronged the bank’s public forum at the Crystal Garden Hotel, Kaduna even as Governor Namadi Sambo of kaduna state decried the lack of interest often displayed by Northerners towards investing in the nation’s financial market.
The 97 million naira (cheque) investment from an undisclosed person participating in the forum came immediately after the Senate Committee Chairman on Finance; Ahmed Makarfi endorsed the bank’s public offer.
However in his remarks, governor Sambo lamented that the poor attitude to share offers and investment in the stock market would not do the people any good and would not have salutary effect on industries within the region.
The governor spoke as the special guest of honour at the First Inland Bank investor’s forum held in Kaduna at the weekend.
Sambo said northern economy could only pick up when the people see the light in patronising the stock market with their money, insisting that industries in the region would have no impact in the national economy if they could not be found in the market.
Sambo who was represented at the occasion by the Kaduna State Commissioner for Finance, Mukhtar Ramallan Yaro also assured the bank of state government’s support.
His words: “Investing in public offers and shares is something that we do not have interest in, especially in this part of the country. But I would urge wealthy people, investors, businessmen and even civil servants to invest in the First Inland Bank public offer and right issue.”
However Makarfi who was the chairman of the occasion and immediate past governor of Kaduna State, endorsed the FIB public offer and enjoined the public to contribute to the bank’s growth by investing in the offer.
“First Inland Bank is our bank, we value the bank and we have benefited from the bank as it has contributed to the economy of the state through its social responsibility services. So, this is time to pay back.
However in his remarks, governor Sambo lamented that the poor attitude to share offers and investment in the stock market would not do the people any good and would not have salutary effect on industries within the region.
The governor spoke as the special guest of honour at the First Inland Bank investor’s forum held in Kaduna at the weekend.
Sambo said northern economy could only pick up when the people see the light in patronising the stock market with their money, insisting that industries in the region would have no impact in the national economy if they could not be found in the market.
Sambo who was represented at the occasion by the Kaduna State Commissioner for Finance, Mukhtar Ramallan Yaro also assured the bank of state government’s support.
His words: “Investing in public offers and shares is something that we do not have interest in, especially in this part of the country. But I would urge wealthy people, investors, businessmen and even civil servants to invest in the First Inland Bank public offer and right issue.”
However Makarfi who was the chairman of the occasion and immediate past governor of Kaduna State, endorsed the FIB public offer and enjoined the public to contribute to the bank’s growth by investing in the offer.
“First Inland Bank is our bank, we value the bank and we have benefited from the bank as it has contributed to the economy of the state through its social responsibility services. So, this is time to pay back.
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