JUST IN: EFCC arrests Saraki over renewed allegations of corruption

0
208

The Economic and Financial Crimes Commission has held a former president of the Nigerian Senate, Bukola Saraki, in custody over allegations of theft and money laundering.

Senate President Bukola Saraki's Corruption Trial Postponed As His Lawyers  Challenge Jurisdiction Of Tribunal | Sahara Reporters

Mr Saraki, a former Kwara State governor, was detained on Saturday, sources familiar with the development said, a situation that may trigger another episode of troubles for the politician.

As senate president between 2015 and 2019, Mr 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, Mr Saraki is to answer questions over alleged theft and laundering of public funds using a network of cronies and proxy companies.

Witness: Saraki used Kwara funds to repay personal loans - Punch Newspapers

The suspected proxies, who executed purported contracts for Kwara State under Mr Saraki, allegedly made returns, for many years, to the former governor, forming an organised a 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 Mr Saraki.

CCT Trial:Key Evidence Against Saraki Burnt In Bank - Witness

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



READ ALSO! Nigerian Central Bank Approves Disbursement Of Loans For Creative Industries At 9%

READ ALSO! Tony Elumelu To Empower 1,000 Northern Entrepreneurs With $5000 Each

READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds

READ ALSO! Is N-Power Truly Empowering Nigerian Youths?

READ ALSO! How Nigerian Govt Can Lift 100million People Out Of Poverty — Tony Elumelu

READ ALSO! TraderMoni: Poverty Alleviation Or Political Leverage?

READ ALSO! Is N-Power Truly Empowering Nigerian Youths?

READ ALSO! Gtbank 737 Disservice: How to Kick Your Customers in the Butt!

READ ALSO! Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu

READ ALSO! The Love Of Your Life Is An Illusion: It Doesn’t Exist Anywhere!

LEAVE A REPLY

Please enter your comment!
Please enter your name here