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.

Gani Saadu     Igbaja     Wahab Abayawo     Galadima     Ilorin West     Muslim Media Watch Group Of Nigeria     Ilorin South Constituency     Freshvine Nigeria Limited     Kolo     Bio Ibrahim     Undergraduate Bursary     Budo Egba     Salary     Abdulbaqi Jimoh     Grillo     Prince Sunday Fagbemi     LEAH Charity Foundation     Elerin Of Adanla     Bayo Lawal     Bola Iyabo Ibiyeye Adisa     Hikmah AbdulKareem     Taofik Abiodun Ahmed     Stephen Fasakin     Alaro     Prince Bola Ajibola     Bashiru Makama     Bamidele Adegoke     Olawuyi     Abdulkadir Bolakale Sakariyah     Quranic Recitation Competition     Oniwasi Agbaye     Kwara-SAPZ Project     Balogun Fulani     Kwabes     Jimoh Lambe Abdulkareem     Teachers Specific Allowance     General Hospital     Aminat Omodara     Association Of Kwara State Online Media Practitioners     Makama Of Ilorin     Kwarareports.com     Majlis For Sadaqah, Zakat And Waqf     Adedeji Onimago     Tsaragi     Toyin Saraki     Aasiyat Bello Oyedepo     Igbomina     Ambassador Kayode Laro     Sambo Murtala     Ayotunde Emmanuel Alao     John Dara     Abdulmumini Jawondo     Bilikisu Gambari     Taofeeq Olateju     Fareedah Dankaka     Kwara Muslim Pilgrims Welfare Board     Y.A. Abdulkareem     Amuda Aluko     Oluronke Adeyemi     UTME     Apaokagi     Tunde Mukaila Mustapha     KFA     IYA ALFA NLA     Ilorin Talaka Parapo     Chikanda     Umar Danladi Shero     Wale Oladepo     Abdulmajeed Wahab     UITH     Bola Tinubu     Samuel Adaramola     Olatunde Jare     Senate Presidency     Bola Ahmed Tinubu     Innocent Okoye     Okin Malt    

Cloud Tag: What's trending

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

Moremi High School     Ayobami Akanbi     Olajumoke Monsura Gafar     Tunji Arosanyin     Adeleke Ogungbe     Mohammed Katsina Ahmed     Tope Daramola     Gwanara     Rashidi Yekini     Salman Alada     Tosho Yaqub     Awili Pedro     Salihu Jibril Garbi     Saliu Tunde Bello     Ghali Muhammed     Shuaib Olarongbe     Gbenga Olawepo     Kwara Primary Health Care Development Agency     Yetunde Balogun     JAAC     Mohammed Tunde-Jimoh     Muhammad Sirajo Aliyu     Lanre Badmas     Elelu     Katibi Ibraheem Adeola     Musa Yeketi     Kehinde Baale     Femtech     March 18     Kunle Akogun     Salman Jawondo     Dar-Al-Handasah Consultants     Musibau Akanji     Monthly Sanitation     Ubandoma     Isiaka Alikinla     Simeon Sayomi     Idris Garba     Oke Sunna     Dele Belgore     20 Billion Bond     Olatunde Olukoya     Gbajabiamila     KWSIEC     Abubakar Usman Jos     Seni Saraki     NIPOGA     Chief Imam Of Offa     Lafia Aliyu Korasabi     Sarah Jubril     Yomi Adeboye     Kwara State Internal Revenue Service     Kayode Yusuf     ER-KANG     Gobirawa     Dar-Al-Handasah Consultants Ltd     Olaoye B. Felix     Aliyu Muhammad Saifudeen     Kwara 2023     Kunle Okeowo     Sidikat Uthman Ajibola     Undergraduate Bursary     Kolo     Mohammed Jimoh Faworaja     UTME     AbdulHamid Adi     Yusuf Arowosaye     Gabriel Fashanu     Ijakadi     Kwara State Council Of Chiefs     Gbemi Saraki     Tsado Manman     Ayegbeni     Muhammed Abdullahi     TESCOM     Yusuf A. Usman     Muhammad Mustapha Suleiman