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.

Saka Saadu     Special Agro-industrial Processing Zone     Offa Poly     Tunde Akanbi     Ayo Adeyemi     Umar Adelodun     Akume     Ifelodun     General Hospital, Ilorin     Abraysports FC     CBT     Pategi     Kwasu     Saadu Gbogbo Iwe     Halidu Danbaba     LEAH Charity Foundation     Adekunle David Dunmade     Tanke Flyover Bridge     Oloriegbe     HICA     GGDSS Pakata     Okala Baba     Folaranmi Aro     Kwara Primary Health Care Development Agency     Senate President     Diagnostic Centre     YAKOOYO     Code Of Conduct     Ogidi-Oloje     Ayobami Seriki     AGF Abdulrazaq     Elerinjare     Magaji Are     Offa Descendants Union     Rex Olawoye     HYPPADEC     Revenue Court     Joseph Alex Offorjama     Salake     Abdulwahab Olarewaju Issa     Ubandoma Of Ilorin     MATTA Girls Foundation     Hauwa Nuru     Abdulraheem Yusuf     Abatemi Usman     National Party Of Nigeria     Adegoke Bamidele     UNIFEMGA     N-Power     Centre For Community Empowerment And Poverty Eradication     Seni Saraki     Alloy Chukwuemeka     Adamu Attah     Ohoro Of Shao     Nigerian Supreme Council For Islamic Affairs     Niyi Ogundiran     Igbomina     Lateef Alagbonsi     Kassim Babamale     Ahmad Olanrewaju Belgore     CT Ayeni     Hydroelectric Power Producing Areas Development Commission     Osinbajo     Razak Atunwa     Oju Ekun Sarumi     SDP     Olatunji Bamgbola     Ganiyu Abolarin     Dumagi     Issa Oloruntogun     Khairat Gwadabe     Tunji Olawuyi     Magaji Nda     Garba Dogo     Olatomiwa Williams     Christopher Odetunde     Sabitiyu Grillo    

Cloud Tag: What's trending

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

Abdulrosheed Okiki     Nigeria Foundation For Artificial Intelligence     Oba Abdulkadir La\'aro     Ilorin Muslim Community     Harafat E. Mukadam     Sabo-Oke     Suraj Tunji Oyewale     Dasuki Belgore     Saka Aleshinloye     Onilorin     Olupako Of Share     S.O. Opowoye     Okiki     Iyabo Adisa Ibiyeye     Women For Change And Development Initiative     Bolakale Ayo     Ahmad Belgore     Owo Isowo     Olokoba     Labaeka     Mashood Abdulrafiu Agboola     Isaac Gbenle     Abdulkadir Bolakale Sakariyah     Ahmed Saidu Rufai     Lanre Issa Onilu     Igosun     Valsolar Consultoria     Olomu Of Omu-Aran     Colleges Of Education Academic Staff Union     Ilorin International Airport     Salman Jawondo     Alapado     Prince Bola Ajibola     Offa Grammer School     Guber Aspirant     Sheikh Hamzat Yusuf Ariyibi     Ibrahim Jawondo     Abdulrahman Abdullahi Kayode     Yunus Lawal     Salihu Yahaya     Towobola Abdulrahman Toyin     Ayo Adeyemi     Abdulahi Abubakar Bata     MMWG     Iyeru Grammar School     Tinubu     Olaoye B. Felix     Kamoru Kadiri     Adeniyi Ojo     Isiaka Oniwa     Hassan Saliu     Baba Isale     Ahmed Bolaji Nagode     Saka Saadu     Yusuf Olaolu Ali     Abdulrauf Yusuf     Kwara Metro Park     Tayo Alao     GRA     Rafiu Ajakaye     SSA Youth Engagement     Bello John Olanrewaju     Olatunde Michaels     Maryam Ado Bayero     Balogun-Ojomu     Nnazua     Bisi Kristien     Computer Based Test     Ramadan     April 11     Allocation     Gobirawa     Ibrahim Mashood     Lithium     SSA Youth     Kamaldeen Kehinde     Razaq Atunwa