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.

Kazeem Gbolagade     Bayo Ojo     Laboratory-to-Product     Razaq Atunwa     Saka Aleshinloye     Wahab Olasupo Egbewole     Suleiman Yahya Alapansapa     NSCIA     Ganiyu Taofiq     Jaiz Bank     Tunji Ajanaku     Tunde Yusuf     Tsaragi/Share     Emir Of Lafiagi     Saliu Ajia     Muhammad-Mustapha Suleiman     Sulaiman Gado     Alabe     Bankole Omishore     Vishvas KOZ Tractors     Cassava Growers\' Association     Pacify Labs     Yusuf Lanre Badmas     Shururat Olatinwo     Bilikisu Gambari     Sunday Fagbemi     Ilorin Muslim Community     Micheal Imodu-Ganmo Road     Tafida     Eghe Igbinehi     Talaka Parapo     Isiaka Yusuf     Mohammed Ghali Alaaya     Radio Kwara     Yinka Aluko     Kwara Politics     Facemasks     Solomon Edoja     Joana Nnazua Kolo     Smart School     Ajasse-Ipo     Babajide Ajayi     UNILORIN Alumni Association     KWIRS     Obasanjo     Ahmad Fatima Bisola     Femi Oladiji     Bello Oyebanji     Adesoye College     NTA Ilorin     Yunus Lawal     Obayomi Azeez     Idris Amosa Saidu     CCB     AbdulKareem Yusuf Danhawa     Abdulrazaq Adebayo     Nigeria Customs Service     GANZY     Tinubu     Kayode Oyin-Zubair     Mubarak Oladosu     C2c@kwarastate.gov.ng     Wale Oladepo     Musa Yeketi     Rabiu Kwankwaso     Kunle Akogun     Kwara State Television     Yusuf Babatunde Abdulwahab     Abdulrasheed Na\'Allah     Damilola Yusuf Adelodun     COVID-19 Palliatives     Galadiman Ngeri     Amada Jidda     United Nigeria Airline     Tunji Moronfoye     Mamman Saba Jibril     Plat Technologies    

Cloud Tag: What's trending

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

Chief Imam Of Lafiagi     Muhammadu Buhari     Shuaibu Yaman Abdullahi     Alfa Yahaya Road     Taofeeq Olateju     Olabanji Orilonishe     Ahmed Alhasssan     Ilorin Likeminds Foundation     Adeniyi Ojo     Ibrahim Orire     Aliyu Alhassan     Al-Hikmah Radio     Tafidan Kaiama     Village Alive Development Association     Gurei     Dele Momodu     Kale Kawu     Neuropsychiatric Hospital     Ibraheem Adeola Katibi     Millennium Development Goals     Trader Moni     Ike Ekweremadu     KWASIEC     Rotimi Samuel Olujide     Baruten     TESCOM 2025     Zara Umar     Ishaq Abdulkarim     Basic Education Certificate Examination     NSCIA     Kwara Hotel     Yusuf Amuda Abubakar     Haruna Tambiri Mohammed     Issa Oloruntogun     Senior Staff Union Of Colleges Of Education     Salihu Ajibola Ajia     Ayo Adeyemi     Ilorin     Dan Iya Of Ilorin     Abdulfatai Ahmed     Baakini     Ilorin Central Mosque     Shonga     Bello Bature     Aro Yahaya     KWIRS     Tunde Saad     United Nigeria Congress Party     Nnazua     Jimoh Bashir     Olatunji Bamgbola     Lithium Deposit     Principal Private Secretary     Babata     Lotus Bank     Salmon Babatunde Salmon     Oyin-Zubair     EFCC     Kamaldeen Kehinde     Elerinjare-Ibobo     Gamji Members Association     Rebecca Bake     Raheem Adaramaja     Jide Oyinloye     Akande Idowu Ayoola Muhammed     Ayedun     Sheikh Ariyibi     Abdullahi Biffo     Maigida Soludero Transit     Shonga Farm Project     Saka Saadu     Adedayo Yusuf Abdulkareem     Transition Implementation Committee     Aisha Ahman Pategi     AbdulGaniyu Kareem     Jalala     Bilikisu Gambari