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.

Raliat Islamic Foundation     Talaka Parapo     Dogara     Salihu Ajia     Read With Me     Samuel Elizabeth Keatswa     Saba Mamman Daniel     Oloriegbe     Edu     Ayodele Olaosebikan     Dan Masanin     Chartered Institute Of Personnel Management Of Nigeria     Babs Iwarere     Lawal Arinola Kudirat     Flights To Ilorin     Kwara State Pension Board     Alfa Yahaya Road     Ishola Abdullahi     Maja     Halimat Yusuf     Durosinlohun Kawu     NIPR     Chief Imam Of Lafiagi     Police Commissioner     Woro     Mohammed Jimoh Faworaja     Dapo Teni Nig Enterprise     Adebayo Salami     Lai Mohammed     Ayodele Kuburat Olaosebikan     Yusuf Amuda Abubakar     Saadatu Modibbo-Kawu     Ifelodun     Hassan Oyeleke     Shaaba Lafiagi     Ministry Of Women Affairs And Social Development     Olam Food Ingredients     MINILS     Jimoh Akani     Habeeb Saidu     Mogaji Aare     Kwara Restoration Project     Asa     Kwara Teaching Service Commission     Bolaji Abdullahi     2017 Budget     Suleiman Alege Kuranga     Budo Egba     Tunde Yusuf     Aliyu Sabi     Muslim Media Watch Group Of Nigeria     John Olajide Adedipe     Ahmad Olayiwola Kamaldeen     Isiaka Alikinla     Alfa Belgore     Modibo Kawu     Abdulrahman Abdullahi Kayode     Ibikunle Ogunleye     08001000100     Shuaibu Yaman Abdullahi     Maigida Soludero Transit     Okeose Christian Cementary     Saidu Yaro Musa     Oloyede     Adamu Jemilat-Baki     Rotimi Oyedepo     Aishat Sulu-Gambari     Lateef Fagbemi     Kazeem Adekanye     Junior Secondary School Certificate Examinations     Dauda Adesola     AbdulRahman Saad     Shonga     Shehu Raheem Adaramaja     Yoonus Kola Olatinwo     Idris Garuba     Sadiq Umar    

Cloud Tag: What's trending

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

Adanla-Irese     Ahmed Alhasssan     David Oyerinola Adedunmoye     Fola Consultant     Muslimah Entrepreneurship Forum     Afolabi-Oshatimehin     Okin High School     Kolo     Adam Abdullahi Al-Ilory     KWSIEC     Kwara Liberation Group     Samuel Adedoyin     Abdulrazaq Aiyelabegan     Quranic Recitation Competition     Kwabes     EFCC     Olatunde Olukoya     Adekunle David Dunmade     Alfa Belgore     Special Agro-industrial Processing Zone     Ibrahim Jawondo     Sun Qing Rong     Ladi Hassan     Ogbondoroko     Ayobami Akanbi     Press Release     Razak Atunwa     Wahab Issa     Babatunde Ajeigbe     Olokoba Abdullahi Ayinla     Umar Danladi Shero     Makama     Pakata     Saka Asiat Ayinke     Abdulkadir Akanbi-Oke     Quran     Abdulraufu Mustapha     AIT Ilorin     Adamu Ibrahim Sabi     Tope Daramola     Inside Kwara     Folorunsho Alao     Elerinjare-Ibobo     Abubakar Ndakene     Assayomo     Balogun Ajikobi     Abubakar Atiku     National Pilot     Ilorin Amusement Park     Olusin Of Ijara Isin     Hausa     Kunle Akogun     Kunle Suleiman     Adolescent Girls Initiative For Learning And Empowerment     Kwara State Polytechnic     Ramadan     Ganmo Electricity Sub-Station     Split Diamond Interchange     UTME     Haleeman Salman     Osinbajo     Taofik Mustapha     Bashir Badawi     Raji Ayodele Kamaldeen     Olota Of Odo-Owa     Titus Ashaolu     Alao Ayotunde     Hamidat Sulyman-Yusuf     Ita-Ore     Albert Ogunsola     Earlyon Technologies     Salihu Jibril Garbi     Mumeen Lah     Hamza Usman     Millennium Development Goals     Kulende-UITH     Kayode Bankole