Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,174,452 members, 7,891,890 topics. Date: Tuesday, 16 July 2024 at 09:59 PM

EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State (28287 Views)

Dino Melaye: I Dumped Saraki For Atiku Because Atiku Is A Great Man / Reno Omokri Apologizes To Toyin Saraki For Comparing Her With Queen Elizabeth / Buhari Missing As Trump Meets Bukola Saraki For US Africa Strategy Meeting (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by happney65: 5:27pm On Jun 29, 2019
The Economic and Financial Crimes Commission (EFCC) has begun the process to arraign Bukola Saraki, immediate past President of the Nigerian Senate for allegedly diverting money from the treasury of the Kwara State.

The EFCC is alleging that Saraki illegally withdrew the funds while he was the Governor of the state between 2003 and 2011.

According to the anti-graft agency, Saraki used the said fund to purchase houses and four flats in Lagos from the Presidential Implementation Committee for the Sale of Government Property through shell companies.

The EFCC said Mr. Saraki, through his companies, had taken loans worth N1.36 billion from the Guaranty Trust Bank (GTB) and Intercontinental Bank (now Access Bank) between 2005 and 2006.

In a bid to offset the loan, the anti-graft agency said the ex-governor began to divert N100 million from the coffers of the state monthly.
SEE ALSO

'It's Not Personal With Saraki, If You Are Not Corrupt You Won't Be Investigated' Says Magu
23 Comments 1 Month Ago
The agency had in May sealed Saraki’s house located at 15a, 15b and 17 MacDonald Road, Ikoyi, Lagos.

The properties sealed are mostly houses declared by Saraki and he was subsequently placed under strict restriction by the anti-graft agency.

The agency in an affidavit deposed to by Ojilibo Stanley on behalf of the EFCC, the agency said it had established a case of money laundering, criminal breach of trust and conspiracy against Saraki.

The EFCC had, while presenting evidence against Saraki before the Code of Conduct Tribunal in 2016, alleged that he owned houses on MacDonald Road but there were discrepancies in the addresses.

The EFCC witness, Michael Wetkas, had said an investigation revealed that House No.15 MacDonald Road, Ikoyi, Lagos, and Block 15 Flat 1 to 4 on the same street belonged to Saraki.

According to him, “the Senate President bought the properties from the Presidential Committee on Sale of Federal Government Landed Properties in Lagos through his companies.”

The EFCC also said Saraki had through his companies between 2005 and 2006 taken loans worth N1.36bn from the Guaranty Trust Bank and Intercontinental Bank (now Access Bank).

The affidavit sworn to by Stanley stated that on February 28, 2005, the Presidential Implementation Committee on the sale of Federal Government Landed Properties wrote a letter conveying to Saraki the approval of then-Minister of Lands and Housing for the sale of properties at 15 and 17 Macdonald Road, Ikoyi.
SEE ALSO

Saraki Under Strict EFCC Surveillance As His Houses Are Seized
5 Comments 1 Month Ago
The EFCC said sequel to the letter Saraki wrote dated March 8, 2005, to Guaranty Trust Bank requesting N200 million loan to finance the acquisition of the properties on March 24, 2005, GTB approved the loan to partly finance the purchase of the properties.

The anti-graft agency said on October 11, 2006, another personal loan of N380m was granted to Saraki by GTB to partly finance the acquisition of properties located at 17 and 17A Macdonald Road, Ikoyi.

The commission further claimed that on January 30, 2007, a personal loan of N380m was again granted to the former governor to partly finance the same properties.

It said on April 28, 2009, another personal loan of N400m was obtained by Saraki to develop the same properties.

The affidavit said, “The personal loans used to acquire the properties were later liquidated with the proceeds of the applicant’s (Saraki’s) criminal breach of trust or misappropriation of funds of the Kwara State Government.

“The applicant (Saraki) procured one Abdul Adama who was his personal member of staff to receive cash from then-Controller of Finance and Account of Government House, Kwara State, Mr. Isiaka Kareem, on a monthly basis, the sum of N100m.

“While the applicant was the governor of Kwara State, the total sum of N12bn was withdrawn in cash from the Kwara State Government House’s account domiciled in Zenith Bank.”

Saraki had stated in an affidavit he deposed to in support of the origination motion that acting EFCC Chairman, Ibrahim Magu, was on a revenge mission because of the role he (Saraki) played in blocking his confirmation as EFCC chairman.

He said, “Apart from the instigation by my political adversaries, my close contacts have confirmed to me that the 4th respondent (EFCC) renewed its harassment as a way of punishing me for the decision of the Senate not to clear acting chairman of the EFCC, Alhaji Ibrahim Magu, to be appointed as the substantive chairman of the commission.”

He maintained that the allegations levelled against him were not new as he had been charged before the CCT and emerged victorious.

The case has been adjourned until July 2, 2019.

http://saharareporters.com/2019/06/29/efcc-arraign-saraki-diverting-n12-billion-treasury-kwara-state-0?fbclid=IwAR1uKuONk1j0-lksr8tjn2F9VAQcwL_LM9Y-Na_AYLsq3ro79V35prupUZs

8 Likes 2 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Nobody: 5:34pm On Jun 29, 2019
No comment

1 Like

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Ekez(m): 5:41pm On Jun 29, 2019
Abeg as una dey carry saraki make una carry tinubu join ,$35 million dollar private jet wetin be in work

91 Likes 10 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by IamD18: 5:54pm On Jun 29, 2019
What have they done to prosecute Ganduje?

53 Likes 3 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Wiseandtrue(f): 5:55pm On Jun 29, 2019
No suspense here!!!

You can't arraign Saraki then people like Tinubu, Ganduje, Maina, Babachir Lawal, Baru are walking free!!!

Whatever happened to Orji Uzor Kalu's case

You see, anyone that takes the fight against corruption in this Buhari's administration serious, must be sick in the head!

116 Likes 13 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by mrchineke: 5:58pm On Jun 29, 2019
Ekez:
Abeg as una dey carry saraki make una carry tinubu join ,$35 million dollar private jet wetin be in work

Foolish comment

36 Likes 5 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by yarimo(m): 6:00pm On Jun 29, 2019
That is very commendable from EFCC grin grin grin grin

34 Likes 7 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by ojobek: 6:00pm On Jun 29, 2019
EFCC will still run when the legal fire work start,that is how they run to media.

13 Likes 1 Share

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Wiseandtrue(f): 6:01pm On Jun 29, 2019
mrchineke:


Foolish comment
How is it a foolish comment

What made it so

If you can't give an ideal response then your comment is on you!!!

55 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Wiseandtrue(f): 6:02pm On Jun 29, 2019
yarimo:
That is very commendable from EFCC grin grin grin grin
Very good and commendable indeed but it will be more commendable if the same law is applicable to Tinubu!!!

For a man to cash money with 2 bullion van means he has more than billions remaining in his accant undecided

If he's not a drug baron as he claimed then what exactly gave him that kind of money

37 Likes 3 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by mrchineke: 6:07pm On Jun 29, 2019
Wiseandtrue:

How is it a foolish comment

What made it so

If you can't give an ideal response then your comment is on you!!!

Stupid comment!

27 Likes 4 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by mrchineke: 6:09pm On Jun 29, 2019
Wiseandtrue:

Very good and commendable indeed but it will be more commendable if the same law is applicable to Tinubu!!!

For a man to cash money with 2 bullion van means he has more than billions remaining in his accant undecided

If he's not a drug baron as he claimed then what exactly gave him that kind of money

Senseless and useless emotion laden comment.

29 Likes 5 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Wiseandtrue(f): 6:12pm On Jun 29, 2019
mrchineke:


Senseless and useless emotion laden comment.
Is this the new defense in vogue

Oga you can't even justify your N30,000 payment for being a zombie in a month undecided grin grin grin grin

Eyah Buhari must be making this job real difficult for you guys!!!

34 Likes 3 Shares

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by helinues: 6:19pm On Jun 29, 2019
Toothless EFCC

3 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Ekez(m): 7:13pm On Jun 29, 2019
mrchineke:

Foolish comment
zombie

10 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by mrchineke: 7:17pm On Jun 29, 2019
Ekez:
zombie

Mumu

5 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Ekez(m): 7:20pm On Jun 29, 2019
mrchineke:

Mumu
zombie general ,nairaland chapter

11 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by johnmartus(m): 7:28pm On Jun 29, 2019
Sometime I feel ashamed to share country with bonehead like you.
Ekez:
Abeg as una dey carry saraki make una carry tinubu join ,$35 million dollar private jet wetin be in work

10 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Ekez(m): 7:31pm On Jun 29, 2019
johnmartus:
Sometime I feel ashamed to share country with zombie like you.
Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by GentleMoney: 8:25pm On Jun 29, 2019
shocked

6 Likes 1 Share

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by gurunlocker: 8:25pm On Jun 29, 2019
EFCC.... Another arm of APC grin

10 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by abkrgumel(m): 8:25pm On Jun 29, 2019
Ghen ghen
Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by ChristineC: 8:26pm On Jun 29, 2019
Here we go. Only southerners are kwarapt in naijeriya.

9 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by FatherJP(m): 8:26pm On Jun 29, 2019
I dreamt where saraki died under efcc custody. Hope it doesn't happen.

3 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by ClearFlair: 8:26pm On Jun 29, 2019
Igbos will start crying now grin

2 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by Toks2008(m): 8:28pm On Jun 29, 2019
Ghenghen! His cup don full the season film wan start.

The Rise and fall of Bukola Saraki...

GRAB YOUR COPY NOW.....

3 Likes

Re: EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State by israelmao(m): 8:29pm On Jun 29, 2019
EFCC is not making appreciable progress all because of vindictive and selective trials.

5 Likes

(1) (2) (3) (4) (5) (Reply)

EndSARS: Why We Are Still ‘Protesting’ – Policemen / Past & Present Heads Of State Of Nigeria By Geo-political Zone / Rented Unknown Bishops: Tinubu Not Qualified To Be President By Bayo Oluwasanmi

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 44
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.