Senator Abubakar Bukola Saraki has denied allegations in the case being investigated by the state police Special Fraud Unit (SFU) and the alleged misinterpretations of the matter in some media.

In a statement issued by his Special Assistant on Media and Advocacy, Mr Bamikole Omishore, and made available to journalists in Ilorin, Senator Saraki, who is the immediate past governor of Kwara State, said that he was cleared of the same allegations by the appropriate authorities before he was allowed to join the Peoples Democratic Party (PDP) primaries to contest the last presidential election.

The statement, which said that Senator Saraki had business interests in Linkers, Skyview and Dicetrade, added that the senator disengaged from running of the companies and retained his interests in them when he became governor of Kwara State in 2003.

The statement also noted that during that period, when major banks in the country were offering margin share loans to individuals and companies, the companies approached Intercontinental Bank for a facility to buy shares in blue-chip companies.