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.

Shero     Funmilayo Oniwa     Hausa     Halimat Yusuf     Mahee Abdulkadir     Nigeria Computer Society     Bayer AG     Okin Biscuits     Aliyu Kora-Sabi     Abdulrauf Aliyu     Federal Allocation     RTEAN     ASMAU PLAZA     AbdulQowiy Olododo     Ishaq Abdulkarim     Abdulquowiyu Olododo     Idris Amosa Saidu     Femi Agbaje     Kayode Oyin Zubair     Irepodun     Issa Baba     Ganiyu Abolarin     Razaq Ayobami Akanbi     Shao     Jide Ashonibare     Wale Oladepo     Aisha Buhari     Shoprite     CUTI     AbdulRazaq Abubakar Jiddah     Alapado     Demola Banu     Mohammed Danjuma     Ibrahim Kayode Adeyemi     Kwara State Fish Farmers Association     Muslimah Entrepreneurship Forum     Moshood Bakare     KWTV     Curfew     Abdulmumini Jawondo     Hamidat Sulyman-Yusuf     The Herald     Mary Arinde     Idiagbon     Babaloja-General     Abdulrasaq Alaro     Nigeria Customs Service     Doyin Agbamu     Shettima Of Ilorin     Assayomo     Kamaldeen Ajibade     Toyin Sanusi     Age AbdulKareem     Metro Park     Abdulsalam Firdaous Amosa     Saka Abimbola Isau     Kaiama     Ibrahim Taiwo     Bilikisu Gambari     Folashade Omoniyi     Trader Moni     Igbaja     Simeon Sayomi     Seni Saraki     Abiodun Musa Aibinu     Sarkin Malamai     Jimoh Bashir     Tsaragi-Share     Wahab Issa     Tosin Saraki     Binta Abubakar Mora     Vasolar-Kwara Company Ltd     Egbewole     Kwara Liberation Group     Abdulahi Abubakar Bata     James Ayeni     KWACOBPA    

Cloud Tag: What's trending

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

Ubandawaki     Bluenile Associates     Shehu Jimoh     Otunba Taiwo Joseph     IQRA College     Amuda Aluko     Makama Of Kaiama     Abdulfatai Salman Baakini     Abubakar Ndakene     Kayode Issa     Clement Yomi Adeboye     20 Billion Bond     Abubakar Bature Sulu-Gambari     Yahaya Seriki     Yusuf A. Usman     Charcoal     Abdulganiyu Salahudeen     Bello John Olanrewaju     Oluwarotimi Boluwatife Adenike     Okanlawon Musa     Babatunde Ajeigbe     Yusuf Amuda Gobir     Timothy Olatunde Fadipe     Dagbalodo     Tinubu     HICA     Labour Party     Elections     Ajidagba     Pacify Labs     Olaiya Zuberu     Kwara 2019     Bayo Onimago     Afolayan     State Bureau Of Internal Revenue     Olusola Saraki     Tanke Road     Victor Gbenga Yusuf     Code Of Conduct     Air Peace     Olaosebikan     VADA     Olomu Of Omu-Aran     College Of Arabic And Islamic Legal Studies     Musa Alhassan Buge     Henry Makinwa     Noah Yusuf     Yusuf Arowosaye     Gbemi Saraki     Suleiman Idris     Dan Iya Of Ilorin     March 18     Student Learning Support Helpline     Muritala Awodun     Orisun Igbomina     Shao     Amusement Park     Onilupeju Of Ilupeju     Saliu Ajia     LEAH Charity Foundation     Chief Imam Of Omu-Aran     Amina Susa\'a De Ahmed     Ilorin Emirate     Ishola Abdullahi     Aliyu Kora Sabi     Mamman Saba Jibril     KFA     Simeon Ajibola     Ahmed Bolaji Nagode     Ebola     Kwara Polytechnic     Adeleke Ogungbe     George Innih     Ahman Patigi     Baba Idris     Damilola Yusuf     Nigeria Foundation For Artificial Intelligence