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.

Shonga Farm Project     AIT Ilorin     TETFUND     Abdulmutalib Shittu     Bolakale Saka     Lateef Alagbonsi     Jaigbade Alao     Orisa Bridge     Abdulwaheed Musa     Elections     Akeem Lawal     Kisra     Kazeem Gbolagade     MATTA Girls Foundation     Abdulkareem Alabi     Micheal Imodu-Ganmo Road     General Hospital     Oluwole Dupe     Toyin Olayinka Tejidini     Kola Adesina     Royal FM     Ezekiel Yissa Benjamin     Bukola Saraki     Sulyman Atolagbe Alege     Kehinde Baale     Nigeria Governors\' Forum     Funmilayo Braithwaite     Oni Adebayo     Shehu Alimi Foundation     Hauwa Nuru     Dankaka     Special Agro-Industrial Hub     IFK     Rapheal Ashaolu     Principal Private Secretary     Tope Daramola     20 Billion Bond     Kwara State University Of Education     Just Event Online     Saka Abimbola Isau     Damilola Yusuf Adelodun     Mohammed Danjuma     Yusuf Amuda Abubakar     Iqra Books     Zulu Gambari     Ilorin South Constituency     CACOVID Palliatives     Yakubu Shaaba     Abubakar Lah     Idris Garuba     Ike Ekweremadu     Jalala     Sam Onile     Tuesday Assayomo     Baba-Isale     Shuaib Abdulkadir     Baba Adini Of Kwara State     AbdulRazaq Abubakar Jiddah     Michael Nzwekwe     Baaziki Sulaiman     Yahaya Oloriegbe     Mohammed Ajia Ibrahim     Olatunji Bamgbola     Opaleke Bukola Iyabo     REO CAKES     Joana Nnazua Kolo     Adanla-Irese     Lawal Jimoh     Abdullahi Adisa Akodudu     Umar Gunu     Abdul-Rasheed Na\'Allah     David Oyerinola Adedunmoye     John Kehinde Salako     Ahmed Bayero     S.O. Opowoye     Albert Ogunsola     Abdulkadri Ahmad Alaiye    

Cloud Tag: What's trending

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

Abubakar Imam     Muhammad Ghali Alaaya     Olosi Of Osi     Aishat Sulu-Gambari     Ayodele Olaosebikan     Shaykh Luqman Jimoh     Zubair Folorunsho Erubu     Alumni Association Of The Federal Polytechnic Offa     Funmilayo Braithwaite     Shuaib Abdulkadir     Oba Sulaiman Asude     Dan-Kazeem     Kamaldeen Ajibade     Prince Mahe Abdulkadir     Radio Kwara     Apado     Tsaragi/Share     Sa\'adu Gambari     Omupo     Oloriegbe     Isiaka Oniwa     Yakubu Mohammed Abdullahi     Haliru Yahaya     Minimum Wage     Erubu     Musa Alhassan Buge     Mahfouz Adedimeji     Bello Oyedepo     Umar Saro     Abdulkadir Jimoh     Special Agro-industrial Processing Zone     Trader Moni     Popo-Igbonna     National Broadcasting Commission     GRA     Yeketi     Emir Of Ilorin     Stephen Fasakin     Shuaib Olarongbe     Abdulrazaq Akorede     Oyedun Juliana Funke     Vishvas KOZ Tractors     Olokoba Abdullahi Ayinla     Timothy Akangbe     Okiki     Emmanuel Bello     Adesina Simon Sodiya     Bukola Saraki     Moshood Mustapha     Adedeji Onimago     S.O. Opowoye     Taiwo Joseph     Boko Haram     BECE     Emmanuel Olatunji Adesoye     Babatunde Idiagbon     ASKOMP     Elerinjare     Olusola Saraki     Oniwa     Salihu Yahaya     Ministry Of Women Affairs And Social Development     Surajudeen Akanbi     International Public Sector Accounting Standards     Abiodun Musa Aibinu     Afonja Descendants Union     Ibrahim Abduquadri Abikan     Elewu     Muslim Stakeholders Of Kwara State     Abdulrahman Abdullahi Kayode     Kwara South     Iyaloja-General     MINILS     Mubarak Oladosu     Facemasks     Atunwa     Busari Toyin Isiaka