EFCC Arrests Former Senate President, Bukola Saraki

    0

    The Economic and Financial Crimes Commission (EFCC) has arrested former Senate President, Bukola Saraki, over allegations of theft and money laundering.

    Saraki, a former governor of Kwara State, according to PREMIUM TIMES was detained on Saturday, sources familiar with the development said.

    As senate president between 2015 and 2019, Senator Saraki spent a considerable time facing allegations of corruption and false declaration of assets.

    He was acquitted by the Supreme Court in June 2018.

    However, in his new case with the EFCC, Saraki is to answer questions over alleged theft and laundering of public funds using a network of cronies and proxy companies.

    The suspected proxies, who executed purported contracts for Kwara State under Senator Saraki, allegedly made returns, for many years, to the former governor, forming an organised network of dirty money flow.

    The funds involved were huge, running into hundreds of millions in naira and hundreds of thousands in foreign currencies at various times, sources said.

    Anti-graft investigators have obtained a list of the proxy companies involved and analysed a pattern of suspicious transactions between them and the former senate president, PREMIUM TIMES learnt.

    One of them has been reportedly responsible for funding Senator Saraki’s lifestyle, including paying over a hundred million to settle the bills for rent and renovation of his Maitama residence, PREMIUM TIMES’ investigation showed, based on interviews with persons familiar with the property.

     

     

    wema_bank_salary_based_loan

    Like and Share this:

    ADD YOUR COMMENT

    Please enter your comment!
    Please enter your name here