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.

Gafaru Olayiwola Olorisade     Shagari     A.E. Afolabi     Kwara 2019     Abubakar Abdullahi Bata     Chief Imam Of Lafiagi     Otunba Taiwo Joseph     Alumni Association Of The Federal Polytechnic Offa     Offa Metropolitan Club     Sola Saraki University     Saliu Ajia     Bolakale Saka     Alabi Olayemi Abdulrazak     SSUCOEN     Stephen Fasakin     Saka Abimbola Isau     Code Of Conduct Bureau     State Bureau Of Internal Revenue     Hamidu Olowo     Isin     Tanke Road     Yusuf Lawal     NNPP     IF-K     Toyin Falola     Basic Education Certificate Examination     NFAI     Timothy Akangbe     Sam Okaula     Bello Oyebanji     Baruba     SARS     Hajj     Khadijat Ayoola Yusuf     Ifelodun     Oke-Ero     2017 Budget     Kaosarah Adeyi     Harafat E. Mukadam     Yusuf Lanre Badmas     Yaru     Fareedah Dankaka     Government Girls’ Day Secondary School Pakata     Women For Change And Development Initiative     Amina Susa\'a De Ahmed     Ahmad Ali     Sambo Murtala     Kwara State Governor     Adama Isa     Anilelerin     Ben Duntoye     Yemi Osinbajo     Nupe     Gbugbu International Market     Kwara State Fire Service     University Road     UNIFEMGA     Kayode Zubair     Kwara Poly     Government High School Adeta     Code Of Conduct     SWAN     Medview Airlines     Ethical College     Rice Farmers Association Of Nigeria     Tinubu Legacy Forum     Sheikh Hamzat Yusuf Ariyibi     Olokoba Abdullahi Ayinla     Awodun     Olufolake Abdulrazaq     Abdulrasaq Alaro     Sulyman Age AbdulKareem     Oba Abu     Shuaib Abdulkadir     Age AbdulKareem     Sunday Otokiti     Sardauna Of Ilorin    

Cloud Tag: What's trending

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

Oke-Ogun     General Hospital     Mohammed Lawal     Bashir Adigun     Adeleke Ogungbe     Odo-Owa     Edret Sabi Abel     Mufutau Gbadamosi Esuwoye     Awili Pedro     Obuh     Niguel Gallando Marcias     Oke-Odo     Muhammad Ghali Alaaya     Michael Ologundea     Lanre Badmus     Ayodele Shittu     Adebayo Salami     Abubakar Imam     Muritala Awodun     Islamic Development Bank     Lanre Jimoh     Olayinka Are     Olatunde Oyeyiola     Joseph Alex Offorjama     Modupe Oluwole     Waziri Yakubu Gobir     Farouk Salim     Oyin-Zubair     Salary     Ahmad Ali     T And K FOODS     Forgo Battery Company Limited     David Oyedepo     Marufat Oladosu     Bashirat Bola Bello     Yusuf Lawal     Shehu Adaramaja     Segun Olawoyin     Tsaragi/Share     Yahaya Abdulkareem Babaita     Elerinjare     Asiwaju Bola Tinubu     Damilola Yusuf     Trader Moni     Wahab Egbewole     Suleiman Abubakar     Savannah Centre For Diplomacy, Democracy And Development     AbdulHakeem Ajibola Akanbi     Firdaos Amasa     Bamidele Adegoke     NYSC     Lawal Olohungbebe     Emmanuel Olatunji Adesoye     March 18     JMK Construction Company Limited     Ahman Pategi University     Jide Ashonibare     Abegunde Goke     Sanitation Exercise     Baakini     Theophilus Oyebiyi     Noah Yusuf     IHS Towers     Valsolar Consortium     Kisira     NTA Ilorin     Gafaru Olayiwola Olorisade     Bello Abubakar     Funmi Salau     N-Power     Hydroelectric Power Producing Areas Development Commission     Communication Network Support Services     Jaiz Bank     Elekoyangan     Erin-ile     Dapo Teni Nig Enterprise     Ashiru