BREAKING: EFCC arrests Ex-Senate President, Bukola Saraki

Bukola Saraki, a former president of the Nigerian Senate, has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of theft and money laundering.

Saraki, a former Kwara State governor, was detained on Saturday, sources familiar with the development said, a situation that may trigger another episode of troubles for the politician.

As senate president between 2015 and 2019, Mr Saraki spent considerable time facing allegations of corruption and false declaration of assets. He was acquitted by the Supreme Court in June 2018.

However, in his new case with the EFCC, Newsflash Nigeria understands, Saraki is to answer questions over alleged theft and laundering of public funds using a network of cronies and proxy companies.

The suspected proxies, who executed purported contracts for Kwara State under Mr Saraki, allegedly made returns, for many years, to the former governor, forming an organised a network of dirty money flow.

READ ALSO: Bola Tinubu hospitalised in the United States; aide reacts

The funds involved were huge, running into hundreds of millions in naira and hundreds of thousands in foreign currencies at various times, sources said.

Anti-graft investigators have obtained a list of the proxy companies involved and analysed a pattern of suspicious transactions between them and Mr Saraki.

One of them has been reportedly responsible for funding Mr Saraki’s lifestyle, including paying over a hundred million to settle the bills for rent and renovation of Mr Saraki’s Maitama residence, an investigation showed, based on interviews with persons familiar with the property.

 Details later…

Newsflash Nigeria is an online newspaper that is developed and written exclusively for Nigerians. It’s packed with up-to-the-minute Local and National Economy News, Share & Capital Market, Health, Sports, Education, Technology, Business and Opinions.

To make further advert enquiries or place an order, please contact us at [email protected] and +2348053316946 and WhatsApp number 08033546732

FOLLOW US ON GOOGLE

Emmanuel Amuda

Emmanuel Amuda, a blogger by profession for the past 7 years. He studied Mathematics at the University of Nigeria, Nsukka Contact: +2348053316946 Twitter: @Lackren

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button