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.

Muhammed Danjuma     Zulu Gambari     NITDA     Dankaka     University Road     Olatunde Olukoya     Kola Olota     Nagode     Congress For National Consensus     Olabode Towoju     Ileloke     Olam Food Ingredients     Adijat Adebiyi     Kwara Poly     Elerinjare     Onilupeju Of Ilupeju     National Pilot     Valsolar     Ayekale     Ahmad Belgore     School Of Nursing     Jare Olatundun     Pilgrims Board     Hussein Olokooba     Nurudeen Mohammed     Jamiu Oyawoye     Isapa     Kolawole Akande     Oyedun Juliana Funke     Bilikisu Oniyangi     Muhammed Akanbi     Doyin Group     Toyin Sanusi     Aremu Bose Deborah     Talaka Parapo     Bank Of Industry     Tunde Akanbi     Federal Road Maintenance Agency     Abubakar Bature Sulu-Gambari     Olaitan Buraimoh     Haliru Yahaya     Olomu Of Omu-Aran     Issa Oloruntogun     Ramadan     Alapado     Kwara TV     Oke-Ero     General Tunde Idiagbon International Airport     Lawal Jimoh     Kwara Consultative Forum     Kudirat Arinola Lawal     Www.Kwarareports.com     Salihu Yahaya     Maryam Ado Bayero     GGDSS Pakata     Geri-Alimi Split Diamond Interchange     Halidu Danbaba     Otuka     Mutawalle     Olokoba Abdullahi Ayinla     Suleiman Yahya Alapansapa     Afusat Nike Ibrahim     Ishak Mohammed Sabi     A.E. Afolabi     Tunji Folami     Ilorin Innovation Hub     Irepodun     Saheed Akinwumi     Aishatu Ahmed Gobir     Budo-Egba     Plat Technologies     Kwara 2019     Mahmud Babatunde Baker     Ganiyu Abolarin     Al-Hikmah Radio     Adebayo Mohammed Kamaldeen     Osinbajo    

Cloud Tag: What's trending

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

Moshood Kashimawo Abiola     Elerinjare-Ibobo     Shuaib Boni Aliyu     Garuba Alikinla Shittu     Sango-UITH Road     Olayinka Oladapo Jogunola     GRA     Suleiman Ajadi     Bayo Mohammed Onimode     Shehu Jimoh     Vasolar Consultoria     Ajuloopin     Tunji Ajanaku     Jimoh Akani     Olatunji Ayeni     Salihu Alhaji Musa     Micheal Imodu-Ganmo Road     Coronavirus     Lucky Omoluwa     Playing Host     Mustapha Olanipekun     National Broadcasting Commission     Abdulbaqi Jimoh     Sunday Popo-Ola     Sherif Sagaya     Alapado     Veterinary Teaching Hospital     Yusuf Aiyedun     Goodluck Jonathan     Arinola Lawal     Gbenga Olawepo     Abdulmumini Sanni Jawondo     Alaiye     International Public Sector Accounting Standards     Tunde Idiagbon Road     Nigeria Computer Society     Moshood Bakare     George Funsho Adebayo     ER-KANG Mining Nigeria Company Limited     Ayo Opadokun     Iyaloja-General     Oyun     Shehu Alimi Foundation     Agboola Abdulraheem     Abdul-Rahoof Bello     Elesie Of Esie     Oya State     Oloje     CUTI     Reuben Paraje     Valsolar-Kwara Company Limited     Ahmad Fatima Bisola     Kayode Zubair     Saliu Mustapha     NYSC     Abdulganiy Abimbola Abdussalam     Olatunde Jare     COEASU     Toyin Falola     Chief Of Staff     2023 Elections     NSCIA     College Of Health     Kwara 2023     Kwara State Sports Commission     Sheikh Ariyibi     Maja     Madawaki Of Ilorin     Isiaka Oniwa     Ita-Nmo Market     Muhammad Ghali Alaaya     Sulaiman Gado     Usman Yunusa     All Peoples Party     Memunat Monsuma     Maigidasanma     Oro Grammar School