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.

Alimi Abdulrazaq     Saidu Kawu     Minister     Ayobola Ipinlaiye     Na\'Allah     Ayeyemi Sulaiman     Olufolake Abdulrazaq     AGF Abdulrazaq     Dan Masanin     Dorcas Afeniforo     Saliu Ajibola Ajia     Gbugbu International Market     Edret Sabi Abel     Abdulrasheed Akogun     Muhammad Sirajo Aliyu     GANZY     Patience Jonathan     Ijagbo Health Centre     Bilikis Oladimeji     Arinola Lawal     Abatemi-Usman     Alliance For Democracy     Afolasade Opeyemi Kemi     Stephen Fasakin     Abdulkareem Alabi     Muhammed Abdullahi     Ilorin Innovation Hub     Senior Ibrahim Suleiman     Kolade Solagberu     Eleyele     Unilorin     Twitter     Asiwaju Bola Tinubu     Musa Abdullahi     Oloyede     Gabriel Fashanu     Vishvas KOZ Tractors     Memunat Monsuma     Adolescent Girls Initiative For Learning And Empowerment     Danhawa     Lawal Arinola Kudirat     Abdulkadir Remi Hawawu     Folorunsho Erubu     Gbenga Olawepo     Idi-Ape     Government High School (GHS), Adeta     Village Alive Development Association     Inside Kwara     Kwara Apc     Saheed Alakoso     Shururat Olatinwo     Samuel Adaramola     Shuaibu Yaman     Coalition Of Kwara North Groups     Kwara Basketball Association     Yahaya A Paniyaro     Aremu Bose Deborah     Sanitation Exercise     Afusat Nike Ibrahim     Pategi     Trade Lenda SME Fair     Kamaldeen Ajibade     Oniye     Economic And Financial Crimes Commission     Oladimeji Thompson     Mufutau Olatinwo     Falokun-Oja     Elerinjare     Academic Staff Union Of Universities     JSSCE     Saka Asiat Ayinke     Dumagi     Okanlawon Musa     John Mayokun Dada     Basic Education Certificate Examination     Emir Of Yashikira     Tanke Flyover Bridge    

Cloud Tag: What's trending

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

Yahaya Abdulkareem Babaita     Ogbondoroko     Demola Banu     Muritala Awodun     Nigerian Medical Association     Iyabo Adewuyi     Aliyu Kora-Sabi     Saidu Isa     Ronke Adeyemi     Arandun     Aso-ofi     Crystal Corner Shops     Kwara Politics     Mohammed Yisa     Tanke     Oko-Olowo     Omoniyi Ayinla     Kwarareports.com     Sa\'adu Gambari     Abdulmajeed Wahab     Ilesha Gwanara Road     Bilikisu Oniyangi     Moses Adekanye     Abdullateef Abdussalam     Lafia Aliyu Korasabi     Ado Bayero     AbdulRaheem Ahmad Shayi     First Lady     Olaoye B. Felix     Lawal Olohungbebe     Bamidele Adegoke Oladimeji     Amoyo     Oloye     Ilorin Like-Minds     Share/Tsaragi     Council Of The Wise     Abdulrahman Onikijipa     Sulyman Tejidini     David Oyerinola Adedunmoye     Ibrahim Gambari     Aliyu Adebayo     Ayodele Olaosebikan     Saliu Tunde Bello     Elese Of Igbaja     Raimi Iyanda     Awodun     Suwa-Arabs     Kwara 2015     Shururat Olatinwo     Eghe Igbinehi     Matthew Okedare     Federal Polytechnic Offa     Christian Association Of Nigeria     Olateju Lukman     Aliyu U. Tilde     Yakubu Gobir     Falokun-Oja     Kuliyan Geri     Habeeb Saidu     Sheikh Ridhwanullah El-ilory     Sarah Jubril     ITEM 7     Kehinde Boyede     PAACO-PCL Consortium     Bibire Ajape     Sai Kayi     Neuropsychiatric Hospital     Popo-Igbonna     Oluronke Adeyemi     Solomon Edoja     Ojuekun Sarumi     Wahab Olasupo Egbewole     Women For Change And Development Initiative     Iyabo Dupe Adekeye     National Broadcasting Commission     Oba Abu     Muhammed Akanbi