FG orders IG to hand over Saraki money laundering case file

By Soni Daniel, Regional Editor, North
Indications emerged, yesterday, that the Office of the Attorney General of the Federation and that of the Inspector General of Police might have disagreed on what to do with former Kwara Governor, Dr. Bukola Saraki, on his alleged use of fronts to withdraw the sum of N6 billion from the accounts of a company, Joy Petroleum, domiciled in Intercontinental Bank, now Access.
Initially, the Office of the IG had approached a Federal High Court in Abuja on April 26, 2012 to press charges against the former governor for conspiracy, forgery and stealing after claiming to have initiated a comprehensive investigation into a petition sent to it by Joy Petroleum that it was being denied access by the bank following the illegal change of signatory to the account by unknown persons.

But in a legal advice to the IG on the move to prosecute Saraki and others named by the petitioner, the Attorney General advised against taking any action against Saraki and his aides over the bank issue, since from the records available to his office, the former governor had not committed any offence to warrant such trial.
In the legal document, which Vanguard sighted last night, dated 9thOctober 2012, with reference Number DPP/ADV: 061/12, and signed by the Director of Public Prosecutions of the Federation, Mrs. O.O. Fatunde, the AGF Office, noted that it would be improper to hold Saraki liable for the internal actions of the then Intercontinental Bank.
The AGF Office said: “It would therefore be improper and unjust in the circumstance to hold Dr. Saraki , Mr. Pinheiro or indeed the companies criminally liable for the internal actions and decisions of the bank and its officials bordering on exercise of discretion.
“Every customer of a bank (corporate or individual) has the right to apply for a loan on the most favourable terms possible. This alone does not constitute any offence under any law because it is within the discretion of the bank to grant or refuse such loan application.
“Dr. Saraki and Pinheiro are alleged to be connected with the grant of the loans as promoter and director respectively of the companies. By virtue of Section 18 of the Act, a director or any other partner or officer of a company can only be held responsible in that capacity for the actions of the company if the company is guilty of an offence under the Act.
“Since the company in this case cannot be held to have committed any offence under Section 15( 1) (a), it follows that Dr. Saraki and Mr. Pinheiro cannot also be held criminally responsible only on account of having acted as promoter and director of the companies in connection with the said loan,” the DPP advised.
However in a new twist that is likely to upturn the whole investigation and pave the way for the prosecution of the former governor, the Attorney General has written a different letter to the IG to hand over the case file to him for further action.
In the new letter, which Vanguard obtained last night, the AGF in insisting that his office needed to carry out further review of the case file before any further action is taken on the matter.
In a memo with reference No. DPP/ADV: 061/12/91 and addressed to the Inspector General of Police with particular attention to the Commissioner of Police Special Fraud Unit, and signed by Haruna Isa Alabi, Deputy Director of Public Prosecution, the AGF said his office wanted the case file to be able to ascertain whether the evidence presented against Saraki and others was borne out of mere suspicion or was capable of sustaining a conviction before trial.
Saraki has said that there was no infraction of any law in the matter, which his companies obtained loans and paid back to the banks through agreed terms of settlement.
But the former IG, Mohammed Abubakar, who initiated the trial of Saraki, had alleged among other things that the former governor made the bank to lose funds by using his fronts while serving as governor to engage in money laundering.

http://www.vanguardngr.com/2015/03/fg-orders-ig-to-hand-over-saraki-money-laundering-case-file/#sthash.eca86zV4.dpuf

Trouble sleep ambition go wake am.

Stale old mischevous news.This news is pinned on vanguard everytime l go there

Let the police deal with the case man EFCC is non existence. Nigeria has a dependent police that is why everyone is doing what ever they like. We are supposed to have an independent police we don't respect them they don't respect themselves.

This is getting serious
.

.
If APC cannot handle this issue in a matured way, then they are not ready to rule

Princess042:
This is getting serious
.

.
If APC cannot handle this issue in a matured way, then they are not ready to rule

I hope you and others can see the report pre-dates the NASS election.

he is not the only politician that has stolen money before... Check OBJ. Tunubu. Ebori and others. I am waiting for another ban from nairaland

This was before the election




So...... This thread has served its usefulness

Let's the witch hunting begins meanwhile, this OP is an arse-hole posting March 14th news because of Saraki's new position
God will judge you accordingly for trying to misleads us

omenka:
I hope you and others can see the report pre-dates the NASS election.

point

March?

Tanoids continu with your outdated mischievous news.. Continu as we keep unraveling the truth. Fire for fire

The more ambitious and fame-seeking you get, the more troubles comes your way. I can say the same for Kashamu Buruji. Haters everywhere to bring us down. Even those with clean records don't get it smooth!

bettercreature:
Let's the witch hunting begins meanwhile, this OP is an arse-hole posting March 14th news because of Saraki's new position
God will judge you accordingly for trying to misleads us

Your father is an a$s hole!

ghost1718:
he is not the politician that theft money... Check OBJ. Tnubu. Ebore and others. I am waiting for another ban from nairaland

lol @theftmoney

ghost1718:
he is not the politician that theft money... Check OBJ. Tnubu. Ebore and others. I am waiting for another ban from nairaland

THEFT? ??. Nairaland is going to the dogs, too many illiterates here.

If eventually Saraki is dealt with, then lets see many secret open. Tinubu, okrocha and others should get ready because Saraki will definitely reterlate

tiger28:
THEFT? ??. Nairaland is going to the dogs, too many illiterates here.

mumu...cant u see mistake and correct somebody without abusing him/her... Punk A$$

iluvnaija:
Trouble sleep ambition go wake am.

Na wetin him dei find..... Wahala him dei find..... Na whala he go get oo

Criminal Senator Saraki Bukola

Buhari principled mage could have been shaped by idiagbon's principles. He seems at home with notorious criminals. And little wonder he thought abacha was a saint. He can't allow all these nefarious activities to go on under his nose in if he thinks himself a sane human being.

buhari is a criminal!
he is protecting saraki!

It will be interesting to see how Buhari intends to tackle this corruption menace. When practically everyone around him is tainted in one way or the other.Very interesting

Matters arising

DahTol:
If eventually Saraki is dealt with, then lets see many secret open. Tinubu, okrocha and others should get ready because Saraki will definitely reterlate

lol

Abeg people help me! pls mention one politician in Nigeria without having any link to corruption. So what change are we talking about?

Saraki could pass as the greatest NIgerian theif ever.. He is the senate president as well as the executive governor of kwara state since 2003. Like Pat utomi said "They have hijack our change again"

ghost1718:
mumu...cant u see mistake and correct somebody without abusing him/her... Punk A$$

Lol, ghost and tiger de fight

Buhari has forgiven him
Hehehehehe
Change