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.

Oloje     AbdulRazaq Jiddah     Tafida Of Kaiama     Kawu Baraje     Rotimi Samuel Olujide     Ahman Patigi     Lateef Fagbemi     Rueben Parejo     Y.A. Abdulkareem     Split Diamond Interchange     Convocation Ceremonies     Kwara State Fish Farmers Association     Shade Omoniyi     Kwara 2015     Ola Falade     Women Radio     Rafiu Ajakaye     Offa     Musa Abdullahi     Joseph Alex Offorjama     Age AbdulKareem     Abdulrazaq Magaji     Abubakar Usman Jos     April 11     Saidu Yaro Musa     Ebun-Olu Adegboruwa     Bond     Kunle Suleiman     Oke-Ode     Charles Ibitoye     Alimi     Isapa     Kamaldeen Gambari     Ajayi Okasanmi     Lucky Omoluwa     Jeunkunu-Malete-Bani     Talaka Parapo     Yahaya A Paniyaro     Ahmed     Woro     Olusola Saraki     Garba Ayodele Wahab     Hamza Usman     Sarah Jubril     Harafat E. Mukadam     Old Oyo     Christopher Tunji Ayeni     Popo-Igbonna     Trade Lenda SME Fair     Ijagbo Health Centre     Abdullahi AbdulMajeed     Adamu Atta     Kamaldeen Ajibade     Joseph Bamigboye     ENetSuD     Zara Umar     Afetu Of Alabe     Special Adviser On Digital Innovation     Sheikh Ariyibi     Tanke Road     Yusuf Lawal     Saliu Ajia     Yinka Aluko     Owo Isowo     Ekiti     Guber Aspirant     AbdulRahman Saad     Kishira     Iyeru Grammar School     Post-utme     Abubakar Baba Sulaiman     COEASU     Ita-Ore     Akanbi-Oke     AbdulHakeem Ajibola Akanbi     Ayeyemi Sulaiman     Gabriel Fashanu    

Cloud Tag: What's trending

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

Muhammadu Buhari     Sola Saraki Educational Foundation     Bello John Olanrewaju     Umar Yakubu Jaja     Bilikis Oladimeji     Akorede     Oyedepo     Babs Iwarere     Ridwan Agboola     Maryam Nurudeen     Ebola     AGILE Programme     Alabe     Forgo Battery Company Limited     Salake     Lola Olabayo     Azeez Bello     Awili Pedro     JSSCE     Hamidu Olowo     Al-Adaby     Umar Saro     MalHub     Old Oyo     Olateju Lukman     Emir Of Shonga     Isiaka Gold     Academic Staff Union Of Universities     AbdulRazaq AbduMajeed Alaro     March 28     Kolawole Akande     Vasolar     Ilorin International Airport     Akande Idowu Ayoola Muhammed     Abdulrasheed Na\'Allah     Ramadhan     Abdulkadir Orire     Asiwaju Bola Tinubu     Shaaba Lafiagi     KWASAA     Niyi Osundare     Oni Adebayo     Funmi Salau     Lucky Omoluwa     Abdulrazaq Magaji     High Court     Ajike People Support Centre     Oasis Muslim Care Foundation     Atiku     Hijaab     Federal Polytechnic Offa     Olatunde Olukoya     Lukman Adeloyin     KWSUED     Charcoal     Kale Kawu     Bankole Omisore     Albert Ogunsola     CUTI     Abdulahi Abubakar Bata     Abdulmajeed Abdullahi     Abdulganiyu AbdulAzeez     Cassava Growers\' Association     Ilesha Gwanara Road     Tunji Ajanaku     REO CAKES     AbdulRazaq Jiddah     Mohammed Yisa     Okin Malt     Malete     Nnazua     Bukola Ajikobi     Young Progressives Party     Kulende-UITH     Yusuf Lawal     KWAFFA     Lateef Ademola Olatunji