How Guaranty Trust Bank helped Senate President Bukola Saraki transfer over N620million (£1.6million) to UK and over N940million ($3million) to US

The Federal Government of Nigeria at the trial of Senate President Bukola Saraki before the Code of Conduct Tribunal (CCT) in Abuja on 17 January, 2017, explained how Saraki between 2009 and 2012 allegedly laundered public funds to foreign accounts.

The revelations was made through the FG second witness who testified against Saraki, Mr. Nwachukwu Amazu, a former head of funds transfer unit at the Guaranty Trust Bank (GTB).

Amazu stated that the Guaranty Trust Bank helped Saraki to transfer about 1.6million pounds to the United Kingdom in 2010 and over $3million to the United States between 2009 to 2012.

He noted that the over $3million was transferred from Saraki’s dollar account to American Express Services Europe Limited from 2009 to 2012.
“I know the defendant, he has domiciliary account, US dollar and Pound Sterling accounts with us. The accounts were domiciled in Ilorin branch of GTB. He also has naira account. He said

“What we did in relation to this particular account was that we did some transfer for the defendant. It was in US dollars and Pound Sterling. The funds were from the customer’s account domiciled with us, to an offshore bank.” He added

“He gave instruction for the sum of $73,223.28 cent to be transferred to American Express Services Europe Limited through their Bank-American Express Bank New York to account number 730580, to swift code-AEIBUS33. The purpose of the payment was funding for amounts utilised on the Amex Card issued to the customer (Dollar Credit Card) No 374588216836009.”
“He said we should deduct the amount from his dollar account number 441/441953/2/1/0. The fund transfer form was personally signed by the defendant himself.”

“We received the telex from his account officer in Ilorin branch. After we got the instruction, we checked that the signature of the customer was okay, then we debited his account, including the principal and associated charges.


After we debited the account, we processed it by transferring it with our correspondence bank which is CitiBank New York which in turn transferred it to the beneficiary bank, in this case, the American Express Bank New York.

“We did several other transfers for the defendant. Documents of all transfers we made from 2009 to 2012 were all made available to the EFCC. But apart from Exhibit 8, there were other transfer documents we did not hand over to the EFCC. Some of them were fund transfer request forms by the customer and telex for the transfers.”

https://1push.ng/guaranty-trust-bank-helped-senate-president-bukola-saraki-transfer-n620million-1-6million-uk-n940million-3million-us/

Saraki is a thief.