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.

Muhammad Sirajo Aliyu     Belgore     International Vocational Centre     Kwara State Branch Of The National Library     Gbenga Olawepo     Nigerian Supreme Council For Islamic Affairs     Minister     Wahab Issa     Sarakite     Buhari     Ebola     Ajibola Saliu Ajia     Yusuf Abdulkadir     Awoye     Senior Special Assistant On Student Affairs     Turaki Of Ilorin     David Oyepinola Adedumoye     Offa Grammer School     Eghe Igbinehi     Baruba     Oluwatoyin Lukman     Kisira     Oke-Odo     Baboko     Lawal Arinola Kudirat     Saad Belgore     Laolu Saraki     Bareke     Oro Grammar School Old Students Association     Erubu Oba Zubair     Muhammed Taofeeq Abdulrazaq     Zulkifli Ibraheem     State Bureau Of Internal Revenue     Age AbdulKareem     Ope Saraki     QuickWin     Olomu     C2c@kwarastate.gov.ng     NFAI     Umar Gunu     Saka Isau     Government High School (GHS), Adeta     Maigidasanma     Abdulrahman Abdulrasak     Ramadhan     Kwara Volleyball Association     Government Girls’ Day Secondary School Pakata     Abiodun Abdulkareem     Abatemi-Usman     Balogin Alanamu     Ahman Pategi     Deji Ajani     Third Estate     Michael Nzwekwe     Alaro     Olatunde Michaels     Ilorin.Info     KWAFFA     Dan Masanin     Dumagi     Shaaba Lafiagi     Lola Ashiru     Popo-Igbonna     Marufat Oladosu     Susan Modupe Oluwole     Students Union Government     SWAN     Ajasse-Ipo     Valsolar     Ibraheem Abdullateef     Muritala Awodun     Adeola Abraham     Ilorin Central Mosque     CKNG     Aishat Mohammed Lawal     LAK Jimoh     Ilesha-Baruba-Gwanara    

Cloud Tag: What's trending

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

Ilorin Emirate Staff Association     Raji AbdulRasaq     Afetu Of Alabe     Oye Tinuoye     Gbajabiamila     Twitter     Dele Momodu     Unilorin     Muhammad Fawaz Abubakar     NTA Ilorin     Aliyu Muhammed     NSCIA     Oro Grammar School Old Students Association     Bola Shagaya     Presidential Election     ENetSuD     Yekeen Alabi     Muhammed Danjuma     Michael Nzwekwe     Valsolar     Laduba     Hamidat Sulyman-Yusuf     Usman Alkali Baba     Hamza Usman     Abdulrasheed Na\'Allah     Ola Falade     Demola Banu     Bature Bello     Olatomiwa Williams     Gobirawa     Chartered Institute Of Personnel Management Of Nigeria     Kwara State Pension Board     BIR     Ganiyu Taofiq     College Of Arabic And Islamic Legal Studies     Olabode Towoju     Adesoye     Shoprite     Elelu     Olofa Of Offa     Alabe     Mutawali     Kwara     Facemasks     Bolaji Aladie     Yunus Oniboki     Shuaibu Yaman     Salaudeen Oyewale     Nagode     Kwara State Health Insurance Agency     General Hospital     Funmilayo Zubair     AbdulRaheem Ahmad Shayi     Chief Imam Of Ilorin     Pakata Patriots     Ilofa     Saliu Shola Taofeek     Wakilin Mata Lafiagi     Aishat Sulu-Gambari     Wahab Agbaje     Ibrahim Mashood     Afolayan     Yahaya Muhammad     Code Of Conduct Tribunal     Oluwarotimi Boluwatife Adenike     Oke-opin     Tunde Akanbi     Elerinjare-Ibobo     C2c@kwarastate.gov.ng     Erin-ile     Ilorin West     Bond     Ishaq Salman     David Oyedepo     Daud Adeshola     Kisra     Orire