FORMER Governor of Kwara State, Dr. Bukola Saraki, has been invited for interrogation by the Nigeria Police Special Fraud Unit(SFU), Milverton Road, Ikoyi.

Commissioner of Police in charge of SFU, Mr. Tunde Ogunshakin, in a statement made available to reporters, noted that his command would do all within its powers to bring all the culprits in the scam to book.

In the statement, Ogunshakin stated that the SFU is investigating a controversial waiver of N9,97Billion, representing about 82% of N11.97billion indebtedness granted some companies in February, 2010 by the board of the now defunct Intercontinental Bank Plc under the management of Mahmood Lai Alabi then MD/CEO of the bank.

According to the former EFCC chief investigator, “The companies that jointly incurred this indebtedness were Joy Petroleum Limited, Skyview Properties Ltd, Dicetrade, and Limkers Nigeria Ltd. The debts originated from several loans/facilities worth billions of Naira granted the companies, which were allegedly promoted by Senator (Dr.) Bukola Saraki between 2004 and 2009 when he was the Governor of Kwara State. The billions of Naira loans/facilities were used to purchase shares of blue chip companies and choice landed properties in Lagos and Abuja. Some of the landed properties worth billions of naira used to secure the loans were curiously released after payment of only N2.3Billion out of the N11.97 jointly owed the bank by the companies.”

http://www.theguardianmobile.com/readNewsItem1.php?nid=3835