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Sunday, November 26, 2023

Saraki In EFFC Custody Over Fresh Money Laundering Allegations

The Economic and Financial Crimes Commission, EFCC, has detained the former Leader of the Senate, Abubakar Bukola Saraki over new allegations bordering on money laundering and theft, PremiumTimes can authoritatively report.

Mr Saraki who was a two times governor of Kwara State was also Senate president between 2015 and 2019, has been in a fiasco with the anti-graft agency on several allegations. He was, however, cleared by the Supreme Court in June 2028.

Details of the fresh charges revolve around 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 network of dirty money flow.

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, news reports showed, based on interviews with persons familiar with the property.


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