BREAKING: “Bukola Saraki Arrested By EFCC”

BREAKING: Bukola Saraki Arrested By EFCC

The Economic and Financial Crimes Commission has held Ex Governor of Kwara State and former Senate president of the Federal Republic Of Nigerian, Bukola Saraki, in custody over allegations of theft and money laundering.

According to the source that is very familiar with the case said, Mr Saraki, a former Kwara State governor, was detained on Saturday, a situation that may trigger another episode of troubles for the bigwig politician.

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

However, in his new case with the EFCC, PREMIUM TIMES understands, Mr 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.

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

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

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, The Punch’ investigation showed, based on interviews with persons familiar with the property.

More details to be revealed shortly