Nepotism May Wreck Heritage Bank: How Alibaba’s Wife Influenced Bank To Sponsor Hubby’s Concert

Mary Akpobome, Alibaba's wife
Mary Akpobome, Alibaba’s wife

If reports making the rounds are anything to go buy, then one of the financial institutions struggling to match up with the big players in the game in Nigeria, Heritage Bank, may have bitten more than it can chew.

According to a report by, the bank allowed nepotism to take charge in sponsoring a show that it sponsored in early 2015.

Here is the report by the reputable online news website.

In a period when accountability and transparency should be the watchword of Heritage Bank Limited, what is currently taking place in the financial institution is the opposite. Recent development in the bank is indeed mindboggling, as nepotism now appears the order of the day. Information available to reveals how top management staffs now use their offices for personal gains, more often than not, influencing the bank’s sponsorship of events and taking kickbacks.

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Presently, criticism is currently trailing one of its top managers in person of Mary Akporobome. The woman is being criticized for her connection in the bank’s sponsorship of her husband’s (Ali Baba) New Year concert which held at the Convention Centre of Eko Hotels & Suites.

Sources within the bank informed that Akporobome allegedly used her position as Executive Director, Ivory Banking, Heritage Bank Limited, to influence the sponsorship of her husband’s concert.

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Since the concert, posers such as, ‘what has the bank gained from its sponsorship of the concert and the likelihood of any positive thing emanating from its acquisition of Enterprise Bank Plc if sentiment is used in running the financial institution are currently being asked.

Ali Baba’s New Year concert witnessed the presence of notable names such as Mike Adenuga, Aliko Dangote, Abimbola Fashola and Femi Otedola among others.

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The entertainment industry was represented by names such as Timi Dakolo, Yibo Koko, Okey Bakkasi, Basorge Tariah, Koffi, Yaw, Bovi, Seyi Law, Senator, Gbenga Adeyinka the 1st and Tee-A.

Other entertainers present include Abuja based comedian, Ambassador Wahala, Jaywon, Omawumi, Waje, Shola Allyson, Chigurl, Mandy, Princess, Helen Paul, 2face Idibia, Dbanj, Dammy Krane and Oritsefemi.

For a woman who has been described as one with an eagle eye for growth opportunities, Mrs. Akporobome’s business strategy leaves room for questions to be asked.

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