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.

Olabode George Towoju     Adamu Jemilat-Baki     Shao     Abdullahi Atanda     Olumide Daniel Ibitoye     Temi Kolawole     Dapo Teni Nig Enterprise     Arinola Lawal     John Olajide Adedipe     Moses Salami     Yahaya Seriki Gambari     Shoprite     Lucky Omoluwa     JUSUN     Adamu B. Yaqubu     ASMAU PLAZA     Mohammed Yisa     Turaki Of Ilorin     Bello Abubakar     Monthly Sanitation     Shaaba Lafiagi     Ethical College     Tunji Folami     Saka Abimbola Isau     Academic Staff Union Of Universities     Lola Ashiru     Gbenga Olawepo     Umar Gunu     Junior Secondary School Certificate Examinations     Kwara Pdp     08001000100     Magaji Are     Ben Duntoye     Baruten     Benin Republic     KWIRS     Vasolar     Isapa     Abdulrazak Shehu Akorede     Kwara 2015     Federal Neuro-Psychiatric Hospital     Chief Imam Of Omu-Aran     University Road     Forgo Battery Company Limited     Arik     Afetu Of Alabe     Musa Abdullahi     ER-KANG Mining Nigeria Company Limited     Kwara State Internal Revenue Service     Iyaloja-General     Raimi Iyanda     Ilorin Metro Park     Ajayi Okasanmi     Simeon Sule Ajibola     Sarah Jubril     UNILORIN Alumni Association     Adedeji Onimago     Summit University     Alabi Olayemi Abdulrazak     Ubandoma     Ilorin General Hospital     AbdulRazaq Jiddah     Revenue Court     Saka Aleshinloye     Wahab Egbewole     Ilorin Likeminds Foundation     Ibrahim Sulu Gambari     Oba-Solagberu     Saidu Kawu     Ayinke Saka     Isaac Aderemi Kolawole     Ebun-Olu Adegboruwa     Galadima     Kulende     AGF Abdulrazaq     Sam Onile     KW-GIS    

Cloud Tag: What's trending

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

Musbau A. Akanji     Road Transport Employers Association Of Nigeria     Musa Ayinla Yeketi     Sayomi     Matthew Okedare     Musa Alhassan Buge     Odo-Owa     Rapheal Ashaolu     Muhammed Abdullahi     Ojo Fadumila     Olawuyi     Aliyu Muhammed     Air Peace     ER-KANG Mining Nigeria Company Limited     Adamu B. Yaqubu     Oyawoye     Ayeyemi Sulaiman     Olatunji Abdulmumeen     Harafat E. Mukadam     Olaiya Lawal     Aisha Abodunrin Ibrahim     Abdulmumini Jawondo     Saadatu Modibbo-Kawu     Gani Saadu     CBT     Oko-Olowo     Sunday Popo-Ola     Law School Scholarship     Ella Supreme Tissue Paper     Anilelerin     Olayinka Are     Olubukola Kifayat Adedeji     Kwara University Of Education     Patigi Regatta     Kwara 2015     Unicontinental Construction Company     Students Union Government     Charcoal     Ayekale     Edret Sabi Abel     Funmi Salau     Kamoru Kadiri     Durbar     Kwara State Council Of Chiefs     Centre For Community Empowerment And Poverty Eradication     Christian Association Of Nigeria     Is\'haq Modibbo Kawu     Presidential Election     ER-KANG Mining     Abdulrasheed Na\'Allah     Kaosarah Adeyi     Cornelius Adebayo     KWASAA     Sanusi Abubakar     Bio Ibrahim     Ilesha-Baruba-Gwanara     High Court     Emmanuel Olatunji Adesoye     TIC     Risikat Lawal     Sa\'ad Alanamu     Olokoba Sulyman     Kayode Yusuf     Umar Sanda Yusuf     Abdulrahman Abdulrasaq     Saidu Isa     Adam Abdullahi Al-Ilory     Rasheed Jimoh     Abdulkadir Bolakale Sakariyah     Ballah     Saliu Alamoyo     Just Event Online     John Kehinde Salako     Oyedun Juliana Funke     Kumbi Titilope     Kamaldeen Ajibade     Issa Baba