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.

Ilesha-Gwanara     Paul Odama     Yemi Osinbajo     Afusat Nike Ibrahim     CELF     KWTV     Garba Dogo     Moshood Bakare     Ado Bayero     Ajidagba     Nigerian Correctional Service     Gbenga Adebayo     Muhammad-Mustapha Suleiman     JUSUN     Saliu Shola Taofeek     CLAY POT     Florence Saraki     Kehinde Baale     Mike Omotosho     Mufutau Gbadamosi Esuwoye     Centre For Digital Economy     Abatemi-Usman     ASUU     Opobiyi     Bayo Ajia     Micheal Imoudu     Manzuma     Olupako Of Share     Bello John Olanrewaju     Igbaja     Ronke Adeyemi     Henry Makinwa     University Road     Share     Makama Of Ilorin     Kwara Muslim Pilgrims Welfare Board     Balikis Jawondo     Suleiman Alege Kuranga     Mamman Saba Jibril     Ayodele Kuburat Olaosebikan     Nurudeen Muhammed     Sunset Workers     Tunde Oyawoye     Aishatu Ahmed Gobir     Charles Ibitoye     Muhammed Danjuma     Omotoso Musa     Mohammed Halidu     Alore     Apaola     Theophilus Oyebiyi     Hassan Abdulazeez Elewu     Saka Adeyemo     Okin Biscuits     Yusuf Abdulkadir     Siraj Oyewale     Kemi Adeosun     Abdulfatai Baakini     Riskat Opakunle     Adewuyi Funmilayo     Muyiwa Oladipo Kanu     Muhammad Mustapha Suleiman     Dagbalodo     Seed Technologies     Kawu     Tsaragi/Share     Tunji Moronfoye     Saka Saadu     Innocent Okoye     Marufat Oladosu     Www.Kwarareports.com     Abdulrauf Yusuf     Saad Belgore     Fatimoh Lawal     Maigida     Musa Abdullahi     Tayo Awodiji    

Cloud Tag: What's trending

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

National Broadcasting Commission     Binta Abubakar Mora     Jide Oyinloye     Otoge     Toyin Abdullahi     Abdulazeez Uthman     Quran     Akande Idowu Ayoola Muhammed     COVID-19 Palliatives     Olota Of Odo-Owa     NURTW     Sarakite     Peter Amogbonjaye     Code Of Conduct     Tinubu Legacy Forum     Samuel Adedoyin     Saka Abimbola Isau     Radio Kwara     Arandun     Kulende     NYSC     Oba-Solagberu     IYA ALFA NLA     Emir Of Lafiagi     Eleja     Mohammed Ghali Alaaya     Simeon Sayomi     Emir Of Kano     Mohammed Kamaludeen     Ayobami Akanbi     Abdulfatai Ahmed     Onikijipa     The Herald     Abubakar B.M     Kwara State Fire Service     Aishat Mohammed Lawal     M.Y. Abdulrahaman     Cassava Growers\' Association     Crystal Corner Shops     Kwara     Okala Baba     Ibrahim Abikan     Democracy Day     Maigida Soludero Transit     Abdulmalik Bashir Mopelola Risikatullahi     Kayode Yusuf     Aishatu Ahmed Gobir     Ejidongari     Ope Saraki     Abdullahi Dasilva Yussuf     Christopher Ayeni     Funmilayo Braithwaite     Suleiman Mora Omar     Geri-Alimi Split Diamond Interchange     Mufutau Gbadamosi Esuwoye     Aliyu Kora-Sabi     Erubu Oba Zubair     Yusuf Amuda Aluko     Kishira     S.O. Opowoye     Madawaki     Baba-Isale     Islamiya Abdulraheem     Gbugbu     Ilesha-Baruba     Imodoye Writer’s Enclave     Okiki     AbdulHamid Adi     Mohammed Alabi Lawal     Valsolar     Niguel Gallando Marcias     Al-Adaby     Olupako     General Tunde Idiagbon International Airport Ilorin     Kwasu     Ahmed Ayinla Jimoh     Erin-ile