OPINION: How Saraki made billions before joining politics. By Sulyman Buhari

Date: 2016-04-08

Born into the family of late billionaire business mogul and Senate Leader of the Second Republic, Dr. Abubakar Olusola Saraki and Barrister Morenike Saraki, the incumbent Senate President, Dr. Abubakar Bukola Saraki, can be said to have come to the world with a silver spoon. However, it will be erroneous to conclude that being born into such an affluent and influential family was the sole ingredient that enhanced him to build a towering chain of investments and businesses or enabled him to rise to the zenith of corporate empire as the Chief Executive Officer (CEO) of many companies, both in Nigeria and abroad.

Though a medical doctor like his father, trained at University of London from 1982 to 1987, his intelligence, diligence, hardwork and prudence in the management of resources endeared him to his father at a very young age. His father entrusted him with the management and affairs of his investments, mainly housing estates within and outside the country and the Societe Generale Bank which has today metamorphosed to Heritage Bank PLC.

Between 1991 to 2001, Dr. Saraki floated and successfully midwifed popular corporate brands. Outside Nigeria, the investment-minded Saraki, though young, purchased and maintained shares in many high profile companies in both the US and the UK. These are all verifiable facts. From the little I know of him, the aforementioned are mere fraction of his legitimate earnings before he ventured into public life.

Since the commencement of the trial, the media has been awashed with many stories suggesting that the Senate President purportedly diverted money belonging to Kwara State Government for private purposes. Hence, the need to let uninformed and misinformed Nigerians know that the man, Abubakar Bukola Saraki was a billionaire in his own right before he joined politics and got elected as governor of Kwara State in 2003. The fact that he never bragged about his stupendous wealth like an average Nigerian doesn't mean he didn't have it. A meticulous perusal of the assets declaration form the Senate President filled in 2003 will show that he was well worth over N10billion in landed properties, shares in Nigeria and abroad, and cash at hand.

Unsurprisingly, the revelations thus far from the first witness lined up by the prosecution team, Micheal Wetkas, are not new. The allegations that appeared to have enraged some Nigerians have actually been in the public domain for many years. The Economic and Financial Crime Commission (EFCC) and the Special Fraud Unit of the Nigeria Police Force had investigated them. The allegations were falsely-conscripted and untrue. They were forced not to file charges against the Senate President because they found no merit in the allegations. The witness' testimony is just a side of the trial, Nigerians should be patient enough to wait till the defence team of the Senate President will have the opportunity to present his case.

However, with the drama and sensation the prosecution team has injected into the trial, it is clear the Senate President is being put on media trial in an attempt to present the Chairman of the National Assembly as someone who is worth many billions of naira. This might have been done in order to cast a web of doubt on his source of wealth and to possibly incite the public against him. Nevertheless, it a widely known fact that the Senate President was worth over N10billion before he ventured into politics in 2003.

The Senate President is not one of the politicians that can be accused of making soft and comfortable choices by joining politics. Accounts of family members and political associates have shown that he was practically begged before he joined the Kwara State governorship race in 2003. He had a rewarding job before he joined active politics. He was a wealthy businessman before he became a governor on the 29th of May, 2003. He joined politics to make impacts as shown by his achievements as presidential adviser, governor, senator and Senate President of the Federal Republic of Nigeria

It is no more news to all Nigerians that his trial at the Code of Conduct Tribunal (CCT) bordering on false assets declaration is not an anti-corruption drive but about who occupies the office of the Senate President. Even though, a pattern of inconsistencies and unfairness have emerged in the ongoing trial of the Senate President, like the Senate President recently remarked, I believe if the trial is conducted fairly, he would be vindicated at the end of the trial.

Sulyman Buhari writes from Ilorin

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Eleyele     Balogin Alanamu     Oluronke Adeyemi     Elese Of Igbaja     Umar Yakubu Jaja     Unilorin FM     Police Commissioner     Facebook     Victor Gbenga Yusuf     Village Alive Development Association     Aisha Gobir     Ajibike Katibi     Share-Tsaragi     IYA YUSUF     Muhammed Aliyu     Musibau Akanji     Segun Abifarin     Alliance For Democracy     Ajikobi     Summit University     Kannike     Kazeem Gbolagade     Leke Ogungbe     Ilorin.Info     NIPR     Kayode Ibrahim     Ilofa     IsDB     Kolawole Akande     Ladi Hassan     Post Utme     Ilota     Ahmad Uthman     Colleges Of Education Academic Staff Union     Abdulkadir Bolakale Sakariyah     Odogun Olushola Gabriel     Sabi     Sobi Hill     NFAI     KWASAA     Abdulwasiu Bolaji Adeyi     Wahab Egbewole     Hassan Abdulazeez Elewu     Simon Sayomi     Alagbado     Offa Descendants Union     Haruna Olawale Sulaiman     Musa Ayinla Yeketi     Elekoyangan     Ilorin Talaka Parapo     Nigerian Correctional Service     Yomi Ogunsola     Mary Arinde     Oba Of Jebba     Olubukola Kifayat Adedeji     KwaraLearn     Kayode Oyin Zubair     Bello John Olanrewaju     Shoprite     AbdulKareem Yusuf Danhawa     Ghali Alaaya     Logun     Ilesha Gwanara Road     Basic Education Certificate Examination     Ayeyemi Sulaiman     Taofeek Sanusi     Saad Omo Iya     Suleiman Ajadi     Ijakadi     Bareke     Mohammed Halidu     Hamza Usman     Kolawole Bashirat     SAPZ Project     General Tunde Idiagbon International Airport     Senate Presidency     UTME    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Kwara State University Of Education     Yusuf Abdulkadir     Dauda Adesola     Toyin Olayinka Tejidini     Oba Abu     Bature Bello     Taofeeq Olateju     Olanrewju Okanlawon Musa     Bayo Lawal     Orisun Igbomina     Saka Adeyemo     Al-Hikmah University     Timothy Akangbe     April 11     Yahaya Abdulkareem     Isaac Aderemi Kolawole     Hydroelectric Power Producing Areas Development Commission     March 28     Amos Sayo     Saraki     Patience Jonathan     Charcoal     Sherif Sagaya     Tafida     Overland     Saheed Akinwumi     Abdulmumini Jawondo     Emir Of Shonga     Frootify     AbdulKareem Yusuf Danhawa     Temitope Ogunbanke     Agbarere     Shagari     Olufolake Abdulrazaq     Usman Yunusa     TIC     Galadiman Ngeri     V.O. Abioye     Kwara Teaching Service Commission     Gamji Members Association     Nigeria Foundation For Artificial Intelligence     Saka Isau     Mufutau Olatinwo     Nigeria Computer Society     Kolawole Bashirat     Modibo Kawu     Kale Belgore     Rice Farmers Association Of Nigeria     Kayode Laro     Alfa Belgore     Tayo Alao     Moshood Kashimawo Abiola     Offa Descendants Union     Yakubu Shaaba     Yahaya Jibril Usman     Fareedah Dankaka     Kwarareports     Special Agro-industrial Processing Zone     Folorunsho Alao     Yekeen Alabi     Oluwatoyin Lukman     Hikmah AbdulKareem     Tafidan Kaiama     Sulyman Tejidini     Ahmed \'Lateef     Ethical College     Nigerian Supreme Council For Islamic Affairs     Lai Gobir     IYA YUSUF     Moshood Mustapha     KWASEIC     Michael Ologundea     2017 Budget     Biliaminu Aliu     Ajidagba     Musa Ayinla Yeketi     Olaitan Buraimoh