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.

Tunde Oyawoye     Lateef Ademola Olatunji     Baba Issa Awoye     Risikat Lawal     Temitope Ogunbanke     Ilorin Metro Park     Gobirawa     Olupako Of Share     ER-KANG Mining Nigeria Company Limited     Adamu Attah     Vasolar-Kwara Company Ltd     Akande Idowu Ayoola Muhammed     Ajuloopin     Kwha.gov.ng     KW-GIS     Olam Food Ingredients     Ita-Ore     Aliyu Muhammed     Mujtabah Bature     Police Commissioner     Shuaibu Yaman Abdullahi     Lateef Fagbemi     Shao     07039448763     Valsolar-Kwara Company Limited     Adekunle David Dunmade     Abdulkareem Alabi     Kaosarah Adeyi     Mohammed Jimoh Faworaja     Sulu Babaita Isiaka     Kunle Akogun     Maimunat Oniyangi     Bello Oyedepo     April 11     Monkey Pox     Babata     Peter Obi     College Of Health     Moronfoye     Olatunji Ibrahim     Aminat Omodara     Muideen Olaniyi Alalade     Goodluck Jonathan     Otoge     Rotimi Samuel Olujide     Ijagbo     Niguel Gallando Marcias     Alikinla     Osi     Ibrahim Abduquadri Abikan     Vasolar Consortium     Yunus Oniboki     Ijakadi     Ajibola Ademola Julius     Isiaka Yusuf     Oluwatoyin Lukman     Abiodun Jacob Ajiboye     Ibrahim Oniye     Shehu Salau     Abdulrauf Yusuf     Sebastine Obasi     Kayode Yusuf     Adam Abdullahi Al-Ilory     Agbarere     SDP     Admiralty Villa     Taofeek Ibraheem     MINILS     Amusa Bello     Emmanuel Olatunji Adesoye     Old Oyo     Ibrahim Abikan     Kwara NIPR     Saheed Akinwumi     Raliat Elelu-Habeeb     Mohammed Danjuma     Sarakite    

Cloud Tag: What's trending

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

Offorjama     KWASIEC     Saad Omo Iya     Isiaka Oniwa     Abdulkadri Ahmad Alaiye     Susan Modupe Oluwole     Joseph Yemi Ajayi     Femtech     Abikan     Aliyu Alhassan     Ilorin Amusement Park     James Kolo     Olaosebikan     CACOVID     Michael Nzekwe     Halidu Danbaba     Oluranti Idowu     Pategi     Overland     Olugbense     Shehu Raheem Adaramaja     T And K FOODS     Labour Party     AbdulQowiy Olododo     David Oyedepo     Ajuloopin     Suleiman Abubakar     Hamidat Sulyman-Yusuf     Fatimah Abdulkadir     Bola Shagaya     Muftau Akanbi Oke     Mohammed Yahaya Barki     Amosa     Olatunde Michaels     Osuwa     Alimi Abdulrazaq     Sidikat Uthman Ajibola     Lafia Aliyu Korasabi     Simon Sayomi     ENetSuD     C2c@kwarastate.gov.ng     Egbejila     Zainab Abass     Toyin Sanusi     NITDA     Olohungbebe     Oyin-Zubair     National Democratic Congress     Waheed Ibrahim     Chemiroy Nigeria Limited     Buari Edun     Turaki Of Ilorin     Jimoh Olusola Imam     Oniye     Katibi Ibraheem Adeola     Abdulrahman Abdulrazaq     Sunday Popo-Ola     Saba Mamman Daniel     AbdulRazaq Jiddah     Isau     Roseline Oni Aremu     Olota Of Odo-Owa     Olatunji Ayeni     Chief Of Staff     Raji AbdulRasaq     Mujtabah Bature     KWSUED     Oko     Oloye     Kwara Central     Obuh     Yakubu Dogara     Aiyedun     Folorunsho Alao     Police Commissioner     Prince Bola Ajibola     Abdulmalik Bashir Mopelola Risikatullahi