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.

LABTOP     Alfa Yahaya Road     Ilorin Water Reticulation     Umar Danladi Shero     Salmon Babatunde Salmon     Dan Iya     Ishaq Salman     Ibrahim Oniye     PAACO-PCL Consortium     Trader Moni     Mohammed Saidu     Abubakar Abdullahi Bata     KWSUED     Alloy Chukwuemeka     Abubakar Baba     Afeyin-Olukuta     Basic Education Certificate Examination     Sun Qing Rong     Abdulrahman Abdulrazaq     Shagari     Kwara Apc     Abdullah Janet Amudat     Razaq Ayobami Akanbi     Ayegbeni     Sayomi     Abdullahi Samari     Volunteers Of Ilorin Community And The Emirate     Timothy Akangbe     Eghe Igbinehi     Kamaldeen Gambari     Saliu Ajibola Ajia     Olatunji Ayeni     National Information Technology Development Agency     Moro     Bureau Of Lands     Towobola Abdulrahman Toyin     Sola Saraki Educational Foundation     Javed Khan     Saliu Oluwole     Abdulquowiyu Olododo     Taofeek Sanusi     Mohammed Jimoh Faworaja     Gwanara     Yoonus Kola Olatinwo     Abdulazeez Uthman     Maimunat Oniyangi     Suleiman Alege Kuranga     Bayer AG     Sobi     Government House     Ojo Fadumila     Young Progressives Party     Abdulrahman Abdulrasaq     Senate Presidency     Maigida Soludero Transit     Elerin Of Adanla     Esinrogunjo     Adolescent Girls Initiative For Learning And Empowerment     Fatai Adeniyi Garba     Doyin Group     Kwara     Salihu Alhaji Musa     Abubakar B.M     Makama Of Ilorin     Oladipo Akanmu Tolani     Yusuf Ali     Akeem Lawal     Suleiman Mora Omar     Freshvine Nigeria Limited     Fatima Abolore Jimoh     High Court     Zainab Abass     Abdulfatai Ahmed     Geri-Alimi Split Diamond Interchange     SARS     Sam Onile     Erubu Oba Zubair    

Cloud Tag: What's trending

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

Abdulrazaq Adebayo     Michael Nzwekwe     Elesie Of Esie     Ibrahim Abdulqadir Abikan     Christopher Odetunde     Kwarareports.com     New Nigeria People’s Party     Baba Issa     AbdulRazaq AbduMajeed Alaro     Galadiman Ngeri     Post Utme     Olufolake Abdulrazaq     Sodiya     Mumeen Lah     Sabi     Aliyu Kora-Sabi     Kunbi Titiloye     Saliu Mustapha     Shehu Jimoh     Jumoke Gafar     Abdulkadir Akanbi-Oke     Aso-ofi     Suleman Abubakar     Ayobami Seriki     Olatunde Michaels     Musibau Akanji     Kpotum Mohammed Baba     Elerin Of Adanla Irese     Ola Falade     Idiagbon     Saka Adeyemo     Oko     Fulani     Afeyin-Olukuta     Samuel Elizabeth Keatswa     Opolo Global Innovation Limited     Medview Airlines     Kwara 2015     Tunde Yusuf     Abdulmumini AbdulRazaq     Gbenga Adebayo     Countryside Emerging Leaders Fellowship     Code Of Conduct Tribunal     Irepodun     Abdulwaheed Musa     Sheriff Shagaya     Alabere     Isiaka Rafiu Mope     Bolakale Kawu     Ilorin West     Gafaru Olayiwola Olorisade     Sabitiyu Grillo     Ahman Pategi     Abdulkadir Jimoh     Bank Of Industry     Adeleke Ogungbe     Salau Kabiru Abdullahi     Federal Neuro-Psychiatric Hospital     Imam Gambari     Bola Olukoju     Tayo Awodiji     Kwara Metro Park     Abdulfatah Ahmed     NFAI     Mopelola Abdulmaliq-Bashir     Awwal Jawondo     Yemi Sanni     Oloyede     Abiodun Musa Aibinu     KWASSIP     Sheikh Ridhwanullah     Alfa Modibbo Belgore     Awodun     Baba-Isale     Illyasu Abdullahi     Okin Group     George Innih