CCB, EFCC said Saraki borrowed huge sums of money running into billions from commercial banks to acquire several landed property in Lagos, Abuja and London Saraki was also said to have failed to declare his ownership of several properties across Nigeria.
Details of how senate president, Bukola Saraki, a two-term governor of Kwara state suck the state dry has emerged. More after the cut…
According to the Code of Conduct Bureau (CCB) and the Economic and Financial Crimes Commission (EFCC) Saraki allegedly syphoned Kwara state funds with the help of Guaranty Trust Bank (GTB) into his foreign account to buy property in London. This was contained in a joint response by the CCT and EFCC is contained in the counter-affidavit filed by the prosecution in the trial of Saraki on charges of false assets declaration.
Saraki was said to have borrowed huge sums of money running into billions from commercial banks, particularly Guarantee Trust Bank and used the proceeds of the loan to acquire several landed property in Lagos, Abuja and London, while he was the governor of Kwara state. He was also alleged to have used public funds, running into billions from Kwara state government and lodged same in several tranches and in cash into his GTB account I GRA (Government Reservation Area), Ilorin, Kwara State.
“Our investigation on the CCB Assets Declaration Forms for public officers filed by the defendant/respondent revealed the following: “The landed property listed as No: 42 Gerald Road, Ikoyi was visited by Mr. Ikechi Iwuagwu (Deputy Director, CCB), Miss. Geraldine Longsten (DSS) and Adamu Garba (EFCC) sometime in 2006 and discovered that the property was under construction. “Contrary to the declaration by the defendant that he was earning an annual income of N110, 000,000 from No: 42 Gerald Road, Ikoyi, Lagos, there were no tenants in the property as same was an empty land as at the time of the declaration. “Contrary to the declaration by the defendant that he owned 15A and 15B Mcdonald, Ikoyi, Lagos as at the time of the declaration in 2003 our investigation revealed that the said property were acquired in 2006 from the implementation committee on Federal Government Landed properties through his companies called Tiny Tee Limited and Vitti Oil Limited wherein he paid the sum of N396, 150,000 to the federal Government of Nigeria. “The defendant made an anticipatory declaration for the said 15A and 15B, Ikoyi, Lagos. The defendant acquired the property in the name of two companies because he could not buy two Federal government property in his personal name. “The defendant bided for and acquired 17, 17A and 17B Mcdonald, Ikoyi, Lagos from the Implementation Committee on Federal government Landed Property and paid an aggregate sum of N497, 200,000 to the Federal Government between October 2006 and 2007. Saraki was also said to have failed to declare his ownership of No: 3 Targus Street, Maitama, Abuja otherwise known as 2481 Cadastral Zone A06, Abuja which he acquired from one Alhaji Attahiru Adamu in his asset declaration form (of June 3, 2011.) and No: 42 Remi Fani-Kayode Street, Ikeja Lagos, which he acquired through his company, Skyview Properties Limited from First Finance Trust Limited on December 12, 1996.
“Sometime in February 2010 the defendant obtained a loan of N375, 000,000 from GTB Plc in Nigeria, which he converted into 1,516,194.53 pounds sterling and gave instructions to the bank to transfer the entire sum to the united Kingdom in favour of Forts Bank SA/NV the purpose of which the defendant stated to be the full and final payment of mortgage redemption for the property he purchased in London,” Danladi said. CCT chairman, Danladi Umar has adjourned to March 24 for ruling and possible commencement of trial.