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.”
http://saharareporters.com/2016/04/05/efcc-detective-personal-assistant-saraki-deposited-n60000-n900000-his-account-50-times

May God help this country. I just hope and pray that at d end of it all, these guys end up in prison.

ok

We know all politicians especially the ones from the previous administration are big thieves. Prosecute them and send them to jail now instead of wailing and wailing.

Let justice prevail.

Now this is money, kai

N900,000 times 50 times 30 times 366

Chaiii!!!!!!!!!!

A sheep that walks with a dog will chop shit. Poor Segun Agbaje. Making nonsense of the bank that I know may have the best controls in Nigeria.

It was a witch hunt

Hmmmm. Saraki is a performer. Kwara state don suffer.


Waiting for his defense/explanations for those lodgements. Abi, those monies were also from the wife's family?

Saraki is a theif we all know that.

wat I wanna hear on BBC is

"Disgrace Nigerian senate leader sentence to 40 years imprisonment for asset fraud"

They were obviously trying to circumvent the trigger that would have alerted EFCC

Bankers are the enabler and common denominator in all these crimes

Until corruption is shelved at all levels

the enablers

the accomodators

the authorizers

the looters


Nigeria will continue to loose it's blood , like a person shot and bleeding

without corruption , every dime in this country will be accounted for

But the worst theif in History , Commander in Thief of Armed Robbers Egbere JoeSatan has not been arrested yet, some people are still using him as lifeline in who stole to be a billionaire's EFCC game


Take away all lifelines and see how bigmen can shyttt in their pants

SUPERPACK:
But "Stealing is not Corruption" (Drunken Master of Otuoke 2014)

Sharrup. You know what he meant.

Mean while Saraki is APC so STEALING is FORGIVEN

Nigerians are dumb man. I don't think some of you realize there is more to corruption than theft.

Power abuse is the highest level of corruption, yet I don't see those APC zombies crying about that?

fallout87:

Sharrup. You know what he meant.
Mean while Saraki is APC so STEALING is FORGIVEN

no mind that stupid @superpack he is talking off point.