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.

Unicontinental Construction Company     Mogaji Aare     Tunji Arosanyin     Abubakar Baba Sulaiman     Kwara State Health Insurance Agency     Mahee Abdulkadir     Government House     Oluwarotimi Boluwatife Adenike     Saka Aleshinloye     Abdulfatai Salman Baakini     Ganmo     Kayode Oyin Zubair     Taofik Abiodun Ahmed     Yekini Adio     Abdulkadir Bolakale Sakariyah     Guber Aspirant     David Oyedepo     Just Law Forum     Fatai Garuba Labaka     Anilelerin     Oba Abu     Aminat Ahmed     Nigeria Foundation For Artificial Intelligence     Ibrahim Kayode Adeyemi     SUBEB     Abdulmumini Jawondo     Jimoh Bashir     Musa Alhassan Buge     Okin High School     Mutawali     Kayode Laro     Towoju     Rotimi Oyedepo     AbdulRauf Keji     CUTI     ARMTI     Mamman Saba Jibril     Aminat Omodara     Countryside Emerging Leaders Fellowship     Habeeb Saidu     Kudirat Arinola Lawal     Monkey Pox     Eleja     Tricycle Owners Association Of Nigeria     Oloje     Akanbi-Oke     Ijakadi     IHS Towers     Ubandawaki     Ilorin South Constituency     Oluwole Dupe     Sarakite     Chief Imam Of Offa     Odogun Olushola Gabriel     Oba-Solagberu     Abiodun Oyedepo     Amos Justus Sayo     Kale Bayero     Kwara University Of Education     Sadiq Buhari     Salihu S. Yaru     Oyedun Juliana Funke     Sarkin Malamai     Sulyman Tejidini     NSCIA     Afonja Descendants Union     Ayodele Kuburat Olaosebikan     Bank Of Industry     Baba Isale     Oyeyemi Olasumbo Florence     Abdul Jimoh Mohammed     Isiaka Gold     Sango-UITH Road     Abdulwahab Ololele     Muhammad Sirajo Aliyu     Binta Abubakar Mora     Lithium Deposit    

Cloud Tag: What's trending

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

QuickWin     Durbar Festival     Paul Odama     Salihu S. Yaru     Afonja     Awodun     Bolaji Nagode     Senior Special Assistant On Student Affairs     Moji Makanjuola     Sanitation Exercise     Women For Change And Development Initiative     Abubakar Imam     Haruna Olawale Sulaiman     LAK Jimoh     Kayode Laro     Kumbi Titiloye     Bankole Omishore     Abdul Jimoh Mohammed     Salihu Alhaji Musa     COVID-19 Palliatives     Olusin Of Ijara Isin     Adama Isa     State Bureau Of Internal Revenue     Tafida     Omoniyi Ayinla     Chief Of Staff     Bisi Kristien     Ajike People Support Centre     Rotimi Oyedepo     Taofik Mustapha     COVID     Ibrahim Sulu Gambari     Kwara State Football Association     Olushola Saraki     George Innih     Suleman Abubakar     Timothy Akangbe     Muazam Nayaya     Ademola Kiyesola     Halimah Perogi     Kwasu     Benin Republic     Oke-Kura     Mufutau Gbadamosi Esuwoye     Funmilayo Isiaka Oniwa     Chartered Institute Of Personnel Management Of Nigeria     Awwal Jawondo     Kwara Teaching Service Commission     Fulani     Abdulkareem Alabi     KWSIEC     Arca Santa     Sheikh Ridhwanullah     Iyaloja-General     Ayobami Seriki     Issa Manzuma     Oba David Oyerinola Adedunmoye     Suleiman Rotimi Iliasu     Afusat Nike Ibrahim     Kwara State Council Of Chiefs     Saad Belgore     Afolabi-Oshatimehin Adenike Harriet     Ahman Pategi University     AbdulRasaq Abdulmajeed Alaro     John Dara     Ibrahim Abiodun     Asa     Habeeb Saidu     Abdulrasaq Alaro     Communication Network Support Services     Hussein Olokooba     David Oyedepo     Zaratu Umar     REO CAKES     Bayo Lawal     George Funsho Adebayo     Egbewole