ARROGANCE DOESN'T PAYS
SARAKI STOLEN WEALTH EXPOSED!!!
EXPOSED!!!!!!!SARAKI 'S STOLEN WEALTH IN
LONDON.......
By JONATHAN ELENDU and SOWORE OMOYELE
Forwarded by: Sowore Omoyele
Bukola Saraki was elected the Executive Governor
of Kwara State in 2003. He replaced his father's
former political godson, Mohammed Lawal. The
later had fallen out with Bukola's father, and
therefore, had to be shown the door. With the
active support and some say connivance of the
presidency, Dr. Saraki was installed as the
Governor of Kwara State.
Photo Credit: Kayode Ogundamisi, London
advertisement
From 2000-2003, Bukola had held several jobs,
including acting as a Special Assistant to
President Obasanjo on budget.
The President fondly calls Bukola, "Mr. Private
Sector." The name must derive from Bukola's
work at the Societe General Bank, Plc. By the time
Bukola became Governor of Kwara State, he had
attained the level of Vice Chairman of the bank.
While it may be a stretch to say that the bank
collapsed under his stewardship, some argue that
his family's influence on the bank at the turn of
the new century marked the beginning of the end
of the bank.
About 10 months after the younger Saraki was
elected Governor of Kwara State, the House of
Representatives summoned then Central Bank
Governor Joseph Sanusi to explain how Societe
General Bank overdrew its capital base by eleven
billion naira. The then Central Bank of Nigeria
Governor was issued an order on 3 March 2004,
which gave him only seven days to give a
satisfactory explanation regarding the bank's
activities. Curiously, the House summoned no
director of the bank.
On 29 November 2001, Bukola Saraki bought a big
mansion in London for four million, two hundred
and fifty thousand pounds (£4,250,000.00). The
house with title number, NGL805616, is located
on 70 Bourne Street, London SW1W 8JW.
The leasehold on the property was registered on 9
January 2002 with the land registry, Harrow
Office. It was bought with a loan from Fortis
Bank, SA-NV. The house now has a free hold.
The three-story edifice has been described as a
house worthy of a king. The house is not far from
Buckingham Palace road. It is about a minute
walk from Sloane Sq station. It would appear that
Bukola has an obsession with gold as almost
everything you can see, including door knobs, are
gold plated.
Elendureports.com investigated this story in
Britain, the Netherlands, and Nigeria. We
contacted the Fortis Bank press office in the
Netherlands. They promised to return our call. As
at the time of going to press more than 24 hours
later, they have yet to return our call. Efforts to
speak with the International Dept. of the NBM
Merchant Bank in Lagos proved abortive as the
staff kept transferring our reporter from one
manager to the other. Finally we were able to
speak with somebody and as soon we mentioned
our interest in the Saraki transactions, the NBM
Merchant Bank staffer we were speaking with
hung up the phone.
Photo Credit: Kayode Ogundamisi, LondonNobody
would deny that Bukola Saraki came from a
wealthy background. His father is reputed to have
become a millionaire about the time Bukola was
born. Olusola Saraki, a medical doctor, politician,
and co-founder of Societe Generale Bank in
Nigeria, was a Senator in the Second Republic. He
was a member of the National Party of Nigeria
(NPN). Bukola, according to accounts from people
close to him, was in the private sector when he
bought his London property. He was the Vice
Chairman of Societe General Bank at this time.
The implication is that while the bank was
experiencing financial problems, he, as an
executive of the bank was acquiring a multi-
million pound home. The natural question that
arises is: What did Dr. Bukola Saraki use as
collateral for the four million, two hundred and
fifty thousand pound (£4,250,000.00) loan? How
much was Bukola Saraki paid as the Vice
Chairman of a bank that was having financial
problems at the time he worked there?
On March 20, 2003, the Nigerian Drug Law
Enforcement Agency (NDLEA) and the Economic
and Financial Crimes Commission (EFCC) were
drafted to investigate some allegations of fraud at
the SGBN perpetrated by the Saraki family.
Photo Credit: Kayode Ogundamisi, London
Dr. Olusola Saraki, his wife, Florence, son, Bukola,
and 9 other shareholders were dragged to the
NDLEA on allegations of money laundering. They
were accused of using depositors' funds to buy
shares at the ailing Societe Generale Bank of
Nigeria, contrary to the Banking and Other
Financial Institutions Acts (BOFIA). There were
reports that the presidency intervened and the
case never saw the light of the day. The money,
which amounted to billions of naira, was moved
from several bank branches in bullion vans. There
are no records of these transactions.
The Societe Generale Bank was sent out of the
clearinghouse in June 2003. By early 2004, the
bank and its top management were accused of
involvement in a thirty-seven billion-naira fraud.
According to a report in Businessdayonline, the
bank was unable to account for seventeen billion
naira alleged to have been overdrawn from its
accounts with the Central Bank of Nigeria.
People outside the political cycles in Abuja have
wondered why nobody from the Saraki clan has
been brought to book following the malfeasance
at the Societe Generale Bank. They point to the
case of the former Managing Director of the Bank
of the North, Shettima Mohammed Bulama.
According to very knowledgeable sources, Bulama
and Saraki ran their banks similarly. Bulama,
according to published reports is said to have
granted himself a loan of about four hundred and
fifty million naira. Likewise, the Sarakis were
alleged to have given themselves a loan of over
four hundred million naira.
Photo Credit: Kayode Ogundamisi, LondonWhile
Bulama has been disgraced and faced legal
problems, the Saraki's are still waxing strong.
Societe Generale Bank was recently granted a
thirteen billion-naira bailout by the Federal
Government. Savannah Bank of Nigeria owned by
former Governor of Anambra State, Jim Nwobodo,
was grounded under mysterious and very
controversial circumstances. The Federal
Government has yet to bailout the bank which
some suggest went under because of interference
from the government. Billions of naira belonging
to depositors is trapped in Savannah Bank.
What is painfully obvious is that the bank most
likely would have received assistance to regain its
footing had the owners and operators been
friends of President Obasanjo.
Dr. Olusola Saraki, fondly called 'Oloye' by
President Obasanjo has managed the
unprecedented feat of installing his son as
Governor of Kwara Sate while simultaneously
securing a seat in the Senate for his daughter.
The anti corruption axe has not swung his way
because of his closeness to President Obasanjo,
while Bulama is suffering because he was a
member of the rival All Nigeria Peoples Party
(ANPP).
We tried to interview Gov. Saraki for this story.
His Special Adviser on Policy and Strategy, Bolaji
Abdullahi, told Elendureports.com that the
Governor would not grant a telephone interview.
Our reporter and the Special Adviser to the
Governor had several discussions over a two-day
period. The Governor, through his Special Adviser,
confirmed to Elendureports.com that he bought
the house on 70 Bourne Street, London in 2002
when he was the Executive Vice Chairman of the
Societe Generale Bank. Documents in our
possession show the house was bought in 2001.
He also said that the house was listed in his
asset declaration form at the Code of Conduct
Bureau. While nobody has accused the young
Governor of Kwara State of corruption and
fraudulent practices, it still boggles the mind that
he would spend so much money to acquire this
piece of real estate in a foreign land when his
bank was near collapse, with depositors funds
trapped. And if as the records show he was still
an adviser to Pres. Obasanjo when this multi-
million pound house was bought, one would ask:
How come the President does not see the
corruption at his own feet?

Ebami kigbe ole o

Restitution is allowed...
APC just found out abi?

Saraki is a thief no doubt, but y is dis news coming now dat he has issues wit his party leaders?

I smell Tinubu

It has started. This guy has so many rotten corpses in his cupboard and he tries to step on many toes as possible. He will be easily buried. His father is no longer alive to protect him.

So....who gave him the ticket to the Senate? Apc!!! Who controls EFCC....buhari/apc. why are u lamenting on social media? Arrest him, prosecute him or forever remain silent.

Tinubu we will not swallow your stupid propaganda pill again. Fight your battles like a real man and quit behaving like a BASTARD.

If this happens to be true,there's a 90% probability that NOTHING will be done about it.

The poster above me tho,smh ...This year done go already,don't miss the opportunity of learning how to use your brain in the right way next year sha...all the best

I find this very informativs. Thanks.

someone's file just got dusted

His house at ilorin after tanke junction before government house is worth 950million naira,that was where I did my I.T back then so I know vividly well.saraki has a 21yrs old son whom he is already grooming to become the next kwara state governor at least by 2019,he will be 25yrs old..reason is,he has no one he can trust to govern kwara state..if he is able to achieve this feat,then kwara state is doomed...have worked with saraki so don't ask me how I know all these

southniyikaye:
His house at ilorin after tanke junction before government house is worth 950million naira,that was where I did my I.T back then so I know vividly well.saraki has a 21yrs old son whom he is already grooming to become the next kwara state governor at least by 2019,he will be 25yrs old..reason is,he has no one he can trust to govern kwara state..if he is able to achieve this feat,then kwara state is doomed...have worked with saraki so don't ask me how I know all these

Oga o

julius2825:

Oga o

oga gidi gan ni

I remember the APC defending Saraki with all their might when his pilfering crimes were exposed just because he was a "progressive"

Abeg Man must wack! Don't hate rather participate! If he was the brother of some of una, by now na miami una 4 dey

when!they have started oiling the propaganda machine small,small.before you APC strike force go enter!
you guys don't know that saraki knows everything about the machine.

let me see how it will end.

Saraki has always been a thief, same as Tinubu; anyone knowledgeable about nigerian politics should know this.

DickDastardly:
Tinubu we will not swallow your stupid propaganda pill again. Fight your battles like a real man and quit behaving like a BASTARD.

Hmmm, reasoning faculty beclouded by crass biggotry.

Freemanan:
Ebami kigbe ole o

Ole o o o !

BermudaTriangle:



Ole o o o !

The bushmeat don cash the hunter

julius2825:
ARROGANCE DOESN'T PAYS
SARAKI STOLEN WEALTH EXPOSED!!!
EXPOSED!!!!!!!SARAKI 'S STOLEN WEALTH IN
LONDON.......
By JONATHAN ELENDU and SOWORE OMOYELE
Forwarded by: Sowore Omoyele
Bukola Saraki was elected the Executive Governor
of Kwara State in 2003. He replaced his father's
former political godson, Mohammed Lawal. The
later had fallen out with Bukola's father, and
therefore, had to be shown the door. With the
active support and some say connivance of the
presidency, Dr. Saraki was installed as the
Governor of Kwara State.
Photo Credit: Kayode Ogundamisi, London
advertisement
From 2000-2003, Bukola had held several jobs,
including acting as a Special Assistant to
President Obasanjo on budget.
The President fondly calls Bukola, "Mr. Private
Sector." The name must derive from Bukola's
work at the Societe General Bank, Plc. By the time
Bukola became Governor of Kwara State, he had
attained the level of Vice Chairman of the bank.
While it may be a stretch to say that the bank
collapsed under his stewardship, some argue that
his family's influence on the bank at the turn of
the new century marked the beginning of the end
of the bank.
About 10 months after the younger Saraki was
elected Governor of Kwara State, the House of
Representatives summoned then Central Bank
Governor Joseph Sanusi to explain how Societe
General Bank overdrew its capital base by eleven
billion naira. The then Central Bank of Nigeria
Governor was issued an order on 3 March 2004,
which gave him only seven days to give a
satisfactory explanation regarding the bank's
activities. Curiously, the House summoned no
director of the bank.
On 29 November 2001, Bukola Saraki bought a big
mansion in London for four million, two hundred
and fifty thousand pounds (£4,250,000.00). The
house with title number, NGL805616, is located
on 70 Bourne Street, London SW1W 8JW.
The leasehold on the property was registered on 9
January 2002 with the land registry, Harrow
Office. It was bought with a loan from Fortis
Bank, SA-NV. The house now has a free hold.
The three-story edifice has been described as a
house worthy of a king. The house is not far from
Buckingham Palace road. It is about a minute
walk from Sloane Sq station. It would appear that
Bukola has an obsession with gold as almost
everything you can see, including door knobs, are
gold plated.
Elendureports.com investigated this story in
Britain, the Netherlands, and Nigeria. We
contacted the Fortis Bank press office in the
Netherlands. They promised to return our call. As
at the time of going to press more than 24 hours
later, they have yet to return our call. Efforts to
speak with the International Dept. of the NBM
Merchant Bank in Lagos proved abortive as the
staff kept transferring our reporter from one
manager to the other. Finally we were able to
speak with somebody and as soon we mentioned
our interest in the Saraki transactions, the NBM
Merchant Bank staffer we were speaking with
hung up the phone.
Photo Credit: Kayode Ogundamisi, LondonNobody
would deny that Bukola Saraki came from a
wealthy background. His father is reputed to have
become a millionaire about the time Bukola was
born. Olusola Saraki, a medical doctor, politician,
and co-founder of Societe Generale Bank in
Nigeria, was a Senator in the Second Republic. He
was a member of the National Party of Nigeria
(NPN). Bukola, according to accounts from people
close to him, was in the private sector when he
bought his London property. He was the Vice
Chairman of Societe General Bank at this time.
The implication is that while the bank was
experiencing financial problems, he, as an
executive of the bank was acquiring a multi-
million pound home. The natural question that
arises is: What did Dr. Bukola Saraki use as
collateral for the four million, two hundred and
fifty thousand pound (£4,250,000.00) loan? How
much was Bukola Saraki paid as the Vice
Chairman of a bank that was having financial
problems at the time he worked there?
On March 20, 2003, the Nigerian Drug Law
Enforcement Agency (NDLEA) and the Economic
and Financial Crimes Commission (EFCC) were
drafted to investigate some allegations of fraud at
the SGBN perpetrated by the Saraki family.
Photo Credit: Kayode Ogundamisi, London
Dr. Olusola Saraki, his wife, Florence, son, Bukola,
and 9 other shareholders were dragged to the
NDLEA on allegations of money laundering. They
were accused of using depositors' funds to buy
shares at the ailing Societe Generale Bank of
Nigeria, contrary to the Banking and Other
Financial Institutions Acts (BOFIA). There were
reports that the presidency intervened and the
case never saw the light of the day. The money,
which amounted to billions of naira, was moved
from several bank branches in bullion vans. There
are no records of these transactions.
The Societe Generale Bank was sent out of the
clearinghouse in June 2003. By early 2004, the
bank and its top management were accused of
involvement in a thirty-seven billion-naira fraud.
According to a report in Businessdayonline, the
bank was unable to account for seventeen billion
naira alleged to have been overdrawn from its
accounts with the Central Bank of Nigeria.
People outside the political cycles in Abuja have
wondered why nobody from the Saraki clan has
been brought to book following the malfeasance
at the Societe Generale Bank. They point to the
case of the former Managing Director of the Bank
of the North, Shettima Mohammed Bulama.
According to very knowledgeable sources, Bulama
and Saraki ran their banks similarly. Bulama,
according to published reports is said to have
granted himself a loan of about four hundred and
fifty million naira. Likewise, the Sarakis were
alleged to have given themselves a loan of over
four hundred million naira.
Photo Credit: Kayode Ogundamisi, LondonWhile
Bulama has been disgraced and faced legal
problems, the Saraki's are still waxing strong.
Societe Generale Bank was recently granted a
thirteen billion-naira bailout by the Federal
Government. Savannah Bank of Nigeria owned by
former Governor of Anambra State, Jim Nwobodo,
was grounded under mysterious and very
controversial circumstances. The Federal
Government has yet to bailout the bank which
some suggest went under because of interference
from the government. Billions of naira belonging
to depositors is trapped in Savannah Bank.
What is painfully obvious is that the bank most
likely would have received assistance to regain its
footing had the owners and operators been
friends of President Obasanjo.
Dr. Olusola Saraki, fondly called 'Oloye' by
President Obasanjo has managed the
unprecedented feat of installing his son as
Governor of Kwara Sate while simultaneously
securing a seat in the Senate for his daughter.
The anti corruption axe has not swung his way
because of his closeness to President Obasanjo,
while Bulama is suffering because he was a
member of the rival All Nigeria Peoples Party
(ANPP).
We tried to interview Gov. Saraki for this story.
His Special Adviser on Policy and Strategy, Bolaji
Abdullahi, told Elendureports.com that the
Governor would not grant a telephone interview.
Our reporter and the Special Adviser to the
Governor had several discussions over a two-day
period. The Governor, through his Special Adviser,
confirmed to Elendureports.com that he bought
the house on 70 Bourne Street, London in 2002
when he was the Executive Vice Chairman of the
Societe Generale Bank. Documents in our
possession show the house was bought in 2001.
He also said that the house was listed in his
asset declaration form at the Code of Conduct
Bureau. While nobody has accused the young
Governor of Kwara State of corruption and
fraudulent practices, it still boggles the mind that
he would spend so much money to acquire this
piece of real estate in a foreign land when his
bank was near collapse, with depositors funds
trapped. And if as the records show he was still
an adviser to Pres. Obasanjo when this multi-
million pound house was bought, one would ask:
How come the President does not see the
corruption at his own feet?

soworethief gay@saharakitchen of tinibu thieves at it again new job after GEJ nw is saraki dis new deal go fetch $million chai mugus dey enter dis guy office but na GOD go punish saharareporters well well

while i was schooling in unilorin. cant remember d year tho. d records room in the kwara accountant generals office was looted and burnt. efcc was after saraki den. funny enuf d accoutant generals office was opposite a major police station. some pple are in penury, some died, some had stroke cos of dat mumu bank

Make una de expose una self APC is full of thieves so all this allegations now is irrelevant

When Saraki decamped from PDP and joined APC, he was not a thief. Now that Saraki seems to bluff the callings of godfathers in APC, the Saint in Saraki suddenly turned into Satan. Nigeria will never grow. None of these goons has remembered that the Daura President is not Saint but when he fails to pander to the biddings of the loudmouths in APC, he will surely become a thief.

diz guy na confirmed thief, nothin has bin done in kwara since all diz years bt keeps looting money. d songa project dat he collected millions for is no more functioning with all d money being embezzled.
may God save us frm our currupt leaders

Everything must be done to get rid of this impunity in the name of saraki! This guy is everything nigerians should pray and fight against.

One cannot blame Apc for allowing the likes of saraki and atiku into their fold, politics is a game of number as they say and Bukola has considerable followership in kwara. Y'all didn't vote for the reputable candidates in KOWA and HOPE for a reason.

Apc and Tinubu knows his dirty dealings is why they didn't want him anywhere near the senate presidency. The fight for freedom from the claws of PDP albeit peaceful, wasn't an easy one. The likes of saraki know they stand no chance in a saner clime is why they fought tooth and nail to get d senate presidency!

With the today's revelations of saraki's loots and citizenship, I see no reason why he should be allowed to continue to occupy the revered seat of d senate president. #SarakiMustGo

This bukola guy is a badass nigga.

southniyikaye:
His house at ilorin after tanke junction before government house is worth 950million naira,that was where I did my I.T back then so I know vividly well.saraki has a 21yrs old son whom he is already grooming to become the next kwara state governor at least by 2019,he will be 25yrs old..reason is,he has no one he can trust to govern kwara state..if he is able to achieve this feat,then kwara state is doomed...have worked with saraki so don't ask me how I know all these

Everything you said is absolutely true brother,I lived in Tanke when I was in University too but have never been to the house,I heard it's 1billion,even elderly men must prostrate for the 21 year old son,that's how Saraki wants it,If the boy should emerge as governor,Kwara is actually finished,they'll continue to serve Saraki forever