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.

Y.A. Abdulkareem     Jide Oyinloye     Read With Me     Oba Abdulkadir La\'aro     Saad Omo Iya     Funmilayo Braithwaite     Baba Issa Awoye     Olaoye B. Felix     Okoolowo     Fola Consultant     Wahab Abayawo     Ishak Mohammed Sabi     KWSIEC     Wahab Isa     Bola Olukoju     Ahmed Alhasssan     Ayodele Olaosebikan     Mohammed Lawal     Abdulrahman Abdulrazaq     ASUU     Trade Lenda SME Fair     Amusa Bello     Aminat Omodara     Tosin Saraki     Salman Jawondo     Voices Of Tomorrow     CCB     Rice Farmers Association Of Nigeria     Ridwan Agboola     Kudirat Arinola Lawal     Towobola Abdulrahman Toyin     Federal College Of Education (Special), Afon     Simeon Ajibola     Tunde Idiagbon Road     Buari Edun     Idris Garba     Kwara State Fire Service     Ayedun     Opaleke Bukola Iyabo     Principal Private Secretary     Babaita     Seun Bolaji     Saliu Ajibola Ajia     Mohammed Alabi Lawal     Susan Modupe Oluwole     MMWG     Kwarareports.com     Standard Organization Of Nigeria     Abatemi-Usman     Allocation     Abiodun Abdulkareem     Abdullah Janet Amudat     Issa Baba     Labaeka     Titus Suberu-Ajibola     Maigida Soludero Transit     Nigerian Medical Association     Cassava Growers\' Association     Titus Ashaolu     Egbewole     Chartered Institute Of Personnel Management Of Nigeria     Islamiya Abdulraheem     Eghe Igbinehi     Saka Asiat Ayinke     Ganiyu Taofiq     Ronke Adeyemi     Overland     Mutawali     Durbar Festival     Geri-Alimi Split Diamond Interchange     Jawondo     Muslim Cementary     Kayode Oyin-Zubair     Mubarak Oladosu     Share-Tsaragi     Bola Shagaya     AGILE Programme    

Cloud Tag: What's trending

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

Shero     Kwara Volleyball Association     Naira Redesign     Fulani     Idofin     Offa Descendants Union     David Oyerinola Adedunmoye     Ghali Alaaya     Bisi Oyeleke     Arca Santa     Prince Sunday Fagbemi     Salaudeen Oyewale     Ezekiel Yissa Benjamin     Fatai Garuba Labaka     Ike Ekweremadu     Kisira     Ado Bayero     Raliat Islamic Foundation     Fareedah Dankaka     Sadiq Umar     Aishatu Ahmed Gobir     Olatunji Bamgbola     Najim Yaasin     Popo-Igbonna     Lukman Oyebanji Fagbemi     Hassan Oyeleke     IHS Towers     Hikmah AbdulKareem     Saka Saadu     Lanre Aremu     Oyun     Ojuekun Sarumi     Binta Abubakar-Mora     Shoprite     Kola Bukoye     Dauda Adesola     Micheal Imoudu     Maryam Ado Bayero     Christopher Odetunde     Shaaba Lafiagi     Halidu Danbaba     Abdulrazaq Sanni     Elerin Of Erin-Ile     Sobi     Timothy Olatunde Fadipe     Abubakar Abdullahi Bata     Democracy Day     Ibrahim Mashood     Mohammed Katsina Ahmed     Student Learning Support Helpline     Ibrahim Oloriegbe     Mohammed Khadijat Kubura     Kazeem Oladepo     Abdulmumini Jawondo     2017 Budget     Abdulquawiy Olododo     Raimi Iyanda     Tinubu     Oniwasi Agbaye     International Aviation College     Alabi Lawal     Sheriff Shagaya     Firdaos Amasa     Yusuf Babatunde Abdulwahab     Elections     Kwara Liberation Group     Adamu Jemilat-Baki     Ibikunle Ogunleye     Olayinka Olaogun     S.O. Opowoye     Bashirat Bola Bello     Opaleke Bukola Iyabo     Offa Poly     Atiku     Bolakale Saka     Makama     Abubakar Baba Sulaiman