EFCC Detective: Personal Assistant To Saraki Deposited N600,00 to N900,000 Into His Account 50 Times In One day

Michael Wetkas, a detective with the Economic and Financial Crimes Commission (EFCC), on Tuesday, narrated how Senate President Bukola Saraki allegedly used fictitious names to launder billions of naira.

Testifying against the senate president at the Code of Conduct Tribunal (CCT), the EFCC detective also claimed that Saraki’s personal account at GTB had an inflow of about N4 billion between 2005 and 2013.

“When the defendant was governor of Kwara state between 2003 and 2011. The commission received several petitions from various groups. One of the petitioners was Kwara Freedom Network. They brought several petitions all bordering on abuse of office by the defendant, misappropriation of public fund and money laundering.

“Sometime in 2014 the then executive chairman of the EFCC, Ibrahim Lamorde received intelligence reports of suspicious transactions involving the defendant. He set up a team of investigators. Our task was to investigate the intelligence reports.

“The investigation report was reviewed by my team. In the course of our investigation, we discovered that there were several companies which were linked to the defendant. Some of them include Carlisle Properties Investment Ltd, Skyview Properties Ltd, LimKvars Ltd, and TIly-lie Ltd.

Some of the companies maintain accounts at Guaranty Trust Bank (GTB), Zenith Bank, Access Bank, and other banks.

“From the investigation, it was discovered that the defendant maintained three accounts at GTB.

The first account is a naira currency account; the second is a US dollar account, and the third is a pound sterling account.

“The naira account was analyzed, and it was discovered that between 2005 and 2013, the account had an in-flow of about N4 billion. The major source of in-flow into the accounts was loans taken from GTB within the period. The loans were about N2.5 billion, and the other source of in-flows into the account was massive lodgments by individuals. Other in flows into the account were from the companies.

“It was discovered that money was used for the purchase of property. The dollar account was also analyzed. The major source of in-flow into the dollar account was Tily-lie Properties Ltd, which was about $2m. Another source was from Bureau de Change companies.

And the rest was cash lodgments by individuals. The cash in the dollar account between 2009 and 2013 was $6m. We discovered that up to $3.4m was wired to American Express Services Europe Limited, which was used to fund the defendant’s American Express Service New York card account number 374588216836009.

“The defendant wired over 1.5m pound sterling to Fortis Bank for the purchase of property in the UK.

“After that, because of the suspicious in-flows into the account, the bank (GTB) officials were invited. The reason for the invitation of the officials was that some of the individuals who were making the cash lodgment into the account were bank officials. One Oluwa Tujimu reported to the commission. From our of interactions with him, we discovered that some of the lodgments were made through a superior at the bank, Bayo Daudu, who was the relationship manager of the account. In our interaction with Daudu, it was discovered the cash sums were handed over to him by the defendant for lodgment in the account.

According to Daudu, he goes to Kwara state government house to collect the money from the defendant for lodgment into the account at the GRA Ilorin branch of GTB.

“We discovered one name, Abdul Adama, who made transaction 50 times into the account in a single day. The sum was broken down to N600, 000 and N900,000, and was lodged in the same day.

Subsequently, after that one Ubi made a lodgment on the same day about 20 times in the same range of N600, 000 and N900, 000. We looked for Adama and invited him. He reported that the cash sums were handed over to him by the defendant and stated further that the cash sums that were lodge in by Ubi into the same account were from the accused.

“Adama and Ubi were personal assistants to the accused while he was governor.

Further investigations revealed that other individuals who made lodgments into the account were fictitious.

“GTB said they had done the needful by reporting the suspicious transactions to FIU.”

angels09:
y u carry saraki marra for head laik dis? face your hero fashola...

tomakint:

If you know what is good for you, you better leave this thread

angels09:
I carry Dangote Mack come...well planted....one advice...behave yourself.

tomakint:

This goat just dey look you......

First witness against Saraki has entered the witness box. He is set to introduce himself.

Michael Wetkas is his name.

After oath, he introduces himself as an investigator with the EFCC.

Mr. Wetkas is now giving his oral evidence before the CCT.

The trio of EFCC investigators: Michael Wetkas, Chris Odoffin & Nura Bako investigated alleged breaches by Saraki based on petitions to EFCC

Saraki's trial on allegations of criminal breaches of the law now in FULL STEAM as witness, Michael Wetkas, gives account of transaction!

Wetkas says about N4 billion found in Saraki's account with GTBank as discovered during investigation. Some of the cash came in as loans.

It was discovered that inflows into d account were mostly used 4 purchase of several property.Carlisle Properties were incharge of purchases

JUST IN: Surprisingly, Kanu Agabi, Saraki's lead counsel has just entered d court room. He wz earlier said to be absent due to flight delays

GTBank official confirmed to EFCC that he often went to Govt. House Ilorin to collect HUGE CASH for deposits into Saraki's personal account.

On a single day, another courier, Ubi, made five lodgments of N77 million into Saraki's account and it was like a daily affair.

Another courier, Abdul Adama, made fifty transactions into Saraki's GTBank account on a single day in various denominations.

Ubi and Abdul Adama were Personal Assistants to Bukola Saraki, while he wz Governor of Kwara State. Both often made cash lodgments in GTBank

Rotimi Jacobs asks prosecution witness, Wetkas, to shed more light on Carlisle Properties & Investments Ltd and its CEO, Kennedy Izuagbe.

From investigators' interactn wt Izuagbe, it wz discovered dt all d transactions in account of Carlisle properties were directed by Saraki.

Izuagbe has since absconded after his initial interaction with the EFCC. He has been declared wanted. Carlisle is at 30, Saka Tinubu, Lagos.

TonyeBarcanista:

Mo well done.... Sarathief should jejely stroll into Kuje prison without being told

Witness says Bukola Saraki declared Carlisle properties and investments Ltd as his company on his assets declarations form.

Wetkas also lists some properties in Abuja that were not properly declared in Saraki's assets declaratn form including the loans collected.

Michael Wetkas is through with his submission. He is now answering questions from prosecution counsel, Rotimi Jacobs and Judge, Umar.

Saraki's Counsel, Paul Usoro says "We reserve our objections" on d prosecution witness, Michael Wetkas. Arguments ongoing with Rotimi Jacobs

All exhibits hv been numbered & tagged by Justice Danladi Umar. Paul Usoro maintains that "I reserve my objections" pleads 4 adjournment.

Rotimi says I cannot ask for adjournment but if they are asking for adjournment, then let's see. He agrees to an adjournment till tomorrow.

NgeneUkwenu:
Saraki says he bought his 17a, 17b McDonald, Ikoyi house using proceeds from sales of rice and sugar but they were traced to the GTBank acct[/b]

CCT adjourns bukola saraki 's trial till Wednesday to enable the pros. to tender more exhibits through PW1, Michael Wetkas.

angels09:
is that your best am scarrrrrrreeeed...

modath:



Copyright MO!

WOruGunu:
hmmmmm lord defend us from d hand of evil men