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EFCC Moves Against Saraki, Alleges He Withdrew N12 Billion From Kwara Coffers For Personal Use

Parrot Reporters by Parrot Reporters
June 29, 2019
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I have Stopped Collecting Kwara Pension – Bukola Saraki
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The EFFC is asking a Federal High Court in Abuja to rescind the ex parte order preventing it from investigating the immediate past Senate President, Dr. Bukola Saraki on allegations that he took N12 Billon from the state treasury while he was the governor of Kwara State.

The anti-corruption outfit said it had been able to establish a case of money laundering, criminal breach of trust and conspiracy against Dr. Bukola Saraki.

According to the EFCC, the former Senate President Bukola Saraki withdrew N12bn in cash from the treasury of the Kwara State Government while he was governor of the state between 2003 and 2011.

The money was then allegedly used by Saraki to offset a N1.36bn bank loan he used in purchasing homes located at 15, 15A, 17, 17A and four flats on Macdonald Road, Ikoyi, Lagos, hence the decision of the commission to seize the properties.

In a signed affidavit, the EFCC also alleges that “The personal loans used to acquire the properties were later liquidated with the proceeds of the applicant’s (Saraki’s) criminal breach of trust or misappropriation of funds of the Kwara State Government.

“The applicant (Saraki) procured one Abdul Adama who was his personal member of staff to receive cash from then-Controller of Finance and Account of Government House, Kwara State, Mr Isiaka Kareem, on a monthly basis, the sum of N100m.

“While the applicant was the governor of Kwara State, the total sum of N12bn was withdrawn in cash from the Kwara State Government House’s account domiciled in Zenith Bank.”

Justice Taiwo of the Federal High Court, Abuja has adjourned further hearing on the case till July 2, 2019

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