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.

Chartered Institute Of Personnel Management Of Nigeria     Countryside Emerging Leaders Fellowship     Abdulahi Abubakar Bata     Toyin Saraki     Yahaya Jibril Usman     Oasis Muslim Care Foundation     Bond     Leke Ogungbe     Arik     Frootify     Nigeria Governors\' Forum     Oko     CACOVID Palliatives     Sambo Murtala     Temitope Ogunbanke     Raymond Olaitan     Sunday Popo-Ola     Crystal Corner Shops     Haruna Olawale Sulaiman     Ganiyu Abolarin     Toyin Falola     Afonja     Kawu     Olabimpe Olani     Air Peace     Olokoba Abdullahi Ayinla     Ilorin Emirate     Bilikisu Gambari     Alliance For Democracy     Ejidongari     Otoge     Wasiu Odewale     Belgore     National Party Of Nigeria     All Peoples Party     Assayomo     Adesoye     Ilorin Muslim Community     Erin-ile     Aisha Ahman-Pategi     Mohammed Katsina Ahmed     Smart School     Onilupeju Of Ilupeju     Baba Idris     Hassan A. Saliu     Ibrahim Issa Jetti     Ishaq Salman     Garba Ado Sanni     Oba Abdulrahim     Abdulrazaq Sanni     Issa Memunat Moyosore     Prince Sunday Fagbemi     Muhammad Fawaz Abubakar     Salihu Ajia     Talaka Parapo     Mogaji Aare     Salmon Babatunde Salmon     Olayinka Olaogun     TESCOM 2025     Ibrahim Labaika     Saliu Alamoyo     Yusuf Olaolu Ali     Funmilayo Zubair     Sobi Hill     Jimba Babatunde     Babs Iwarere     Sam Onile     Kwara Volleyball Association     Aishat Sulu-Gambari     Galadima     Sheu Ndanusa Usman     Ramat Oganija     Muazam Nayaya     Akume     Bashiru Makama     Ahman Pategi University     Oro Grammar School    

Cloud Tag: What's trending

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

Daud Adeshola     Kisra     Sarakite     Kawu     KWACOBPA     Christian Association Of Nigeria     Ibrahim Agboola Gambari     Na\'Allah     Omoniyi Ayinla     Gambari     Hamza Usman     The Herald     Vasolar Consultoria     Raliat AbdulRazaq     Ilorin Metro Park     Yusuf Lawal     Erubu Oba Zubair     Amuda Bembe     Yakub Ali-Agan     Abubakar Baba Sulaiman     Y.A. Abdulkareem     Shade Omoniyi     Sa\'adu Gambari     Saka Abimbola Isau     Tinubu     PharmAccess Foundation     Abdulquawiy Olododo     Diagnostic Centre     Imam Gambari     Popo-Igbonna     Ophthalmological Society Of Nigeria     Tuesday Assayomo     Muritala Awodun     Sobi Specialist Hospital     Abdulkarim Adisa     Aminat Ahmed     Okin High School     Aisha Gobir     Pategi     TESCOM     Ekiti     Abiodun Jacob Ajiboye     Abdulkadir Orire     N-Power     Pakata     Makama     Akume     Quarry Royal Valley     Hausa     FOMWAN     T And K FOODS     Abdulazeez Uthman     Ibikunle Ogunleye     Kwara-SAPZ Project     Adamu B. Yaqubu     Lai Gobir     Femi Oladiji     Oba Abdulrahim     Saba Jibril     Kawu Baraje     Ilorin Central Mosque     Tanke     Olayinka Are     AbdulFatai Adeniyi Dan-Kazeem     Kayode Oyin Zubair     Abdulrasheed Lafia     Musbau A. Akanji     Oloyede     Abdullahi Atanda     Ayekale     Chief Of Staff     Emir Of Ilorin     University Road     Ballah     JAMB     Haruna Tambiri Mohammed     Lanwa