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.

Dasuki Belgore     Saka Asiat Ayinke     Talaka Parapo     Ajayi Okasanmi     NTA Ilorin     Kassim Babamale     Amasa     Salihu Yahaya     V.O. Abioye     Bayo Mohammed Onimode     Hamid Bobboyi     Oba Abdulraheem     Kwara Poly     Wasiu Onidugbe     Crystal Corner Shops     Abdulkareem Alabi     COVID-19 Palliatives     Special Agro-industrial Processing Zone     GRA     Jimoh Akani     Muhammed Danjuma     Wahab Abayawo     Gbemisola Oguntimehin     Ishak Mohammed Sabi     Abdullateef Abdussalam     Sherif Sagaya     Oke-Oyi     Kuliyan Geri     Leke Ogungbe     Marufat Oladosu     PAACO-PCL Consortium     First Lady     Memunat Monsuma     National Broadcasting Commission     Gbemisola Saraki     Shuaib Abdulkadir     Folajimi Aleshinloye     KwaraLearn     Al-Hikmah University     Kwabes     Abdul Jimoh Mohammed     Raliat AbdulRazaq     Ibrahim Taiwo     Alaaya     Muhammad Sirajo Aliyu     Olupako Of Share     Nurudeen Mohammed     Ishaq Oloyede     Bibire Ajape     Tafida Of Kaiama     Gaa Olobi     Okin Group     Freshvine Nigeria Limited     Oya State     CBT     Jimoh Lambe Abdulkareem     Titus Suberu-Ajibola     Congress For National Consensus     Alapado     Valsolar Consultoria     International Public Sector Accounting Standards     LEAH Charity Foundation     Rafiu Ibrahim     AbdulRahman Saad     Raymond Olaitan     SWAN     Shehu Raheem Adaramaja     Olanrewju Okanlawon Musa     Olomu     Saliu Ajibola Ajia     Suleiman Yahya Alapansapa     Ramadan     Sarkin Malamai     Ogbondoroko     ER-KANG Mining     Medview Airlines     Raliat Elelu-Habeeb    

Cloud Tag: What's trending

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

Ibrahim Akaje     Jawondo     Oluwarotimi Boluwatife Adenike     Kwha.gov.ng     Salihu Ajia     Saliu Ajia     Adamu Atta     Abubakar Suleiman     Moremi High School     Harafat E. Mukadam     Olajumoke Monsura Gafar     Abdulmumin Yinka Ajia     Kwara State Fire Service     Tunji Arosanyin     Lawyers Unite Against Corruption     NFAI     Kubra Kazum     Maryam Nurudeen     Makama     Abdulrazaq Aiyelabegan     Tosin Saraki     Agor Market     Freshvine Nigeria Limited     Law School Scholarship     Wahab Abayawo     Alagbado     Turaki Of Ilorin     March 28     Kale Belgore     ASMAU PLAZA     Dele Momodu     Wahab Egbewole     Dumagi     April 11     Hakeem Idris     Garba Idris Ajia     Abdulwaheed Musa     Village Alive Development Association     Memunat Monsuma     George Innih     Ajakaye     Ado Bayero     Bisi Kristien     IDPU     ER-KANG     Olusola Saraki     Afin Descendants Union Of Odo-Owa     Galland Marcias     Dorcas Afeniforo     Kwara TV     Oke-Oyi     Jelili Yusuf     Bola Magaji     Bayo Mohammed Onimode     Igosun     Iyaloja-General     Sabi     Shero     Abubakar Usman Jos     Kwara Apc     Nigerian Medical Association     Is\'haq Modibbo Kawu     Kwara State Sports Commission     Kawu     Folorunsho Alao     C2c@kwarastate.gov.ng     Chief Imam Of Omu-Aran     Hausa     Soffiyyallah Kamaldeen     Isapa     Ibrahim Mashood     Femi Agbaje     Lateef Fagbemi     Tunji Folami     Ahmad Olayiwola Kamaldeen     Kwara Basketball Association     Alanamu