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Saraki Senate President allegedly deposited N980k, 50 times a day into his account

Wetkast  told the Code of Conduct Tribunal (CCT) that Saraki used funds from the Kwara state coffers to purchase choice properties in different locations.

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Bukola Saraki play

Bukola Saraki

(Naij)

An operative of the Economic and Financial Crimes Commission (EFCC), Michael Wetkast on Tuesday, April 5, 2016, revealed how the Senate President, Bukola Saraki diverted Kwara state funds for his personal use.

Wetkast  told the Code of Conduct Tribunal (CCT) that Saraki used funds from the Kwara state coffers to purchase choice properties in different locations.

The EFCC agent also revealed how payments were made into Saraki’s accounts.

He said “Mr. Dauda informed investigators that the cash were handed to him by the defendant. He said he used to go to the Government House Ilorin to collect the cash. Most lodgements were done by two individuals, one Ubi and another Abdul Adama.

“Ubi in a single day made five separate lodgements of about N77 million in five transactions.”

Wetkast  also revealed that “Abdul Adama on a single day made 50 lodgments into the same account of monies between N600, 000 to N980,000. Ubi made additional 20 lodgements on the same day of cash ranging from N600, 000 to N900,000.

“Adama said the monies were handed to him by the defendant and that he was also the one sending Ubi to make the lodgements because he worked under him.

“After a while, the pattern of inflow changed. Although the figures remained at N600,000 to N900,000, this time around lodgements were made by several individuals.

“Investigations revealed that those individuals were fictitious. The bank, when confronted, said they have done the needful by drawing a report to the Nigeria Financial Intelligence Unit, NFIU. They also provided evidence to that effect.”

He said the EFCC decided to investigate Saraki after his tenure as Governor of the Kwara state, because of petitions they received from the Kwara Freedom Network.

Wetkast also said “In the course of our investigations, the committee discovered several companies whose activities are linked to defendant. The companies include Carlisle Properties and Investments Limited, Skyview Properties Limited, Linkers Nigeria Limited, Tiny-tee Limited and several others.

“Some of the companies maintain account with Guarantee Trust Bank, Plc, Zenith Bank Plc, Intercontinental Bank (Now Access Bank) Plc and others.”

He also said “An Analysis of the accounts showed that from 2005 to 2013 about N4 Billion moved in and out of the accounts. The major source of cash in inflow from the accounts were loans taken from Gtb within the period.

“Loan disbursements into the accounts stood at N2.5 Billion, while other source of inflow were a massive cash lodgements by individuals. Investigations showed that inflows into the account of Carlisle properties Limited was used for the acquisition of properties.”

READ: Senate President flies in foreign experts for CCT trial – Report

Adding that “The dollar domiciliary account of Carlisle had over $2 million, while the total turnover of dollars from 2005 to 2013 was over $6 million. From the inflow into the dollar account, $3.4 million was wired to American Express Service Europe Ltd, used to fund an American express service New York Card No. 374588216836009.”

READ: Tribunal refuses to postpone Senate President’s trial

The Federal Government accused Senator Bukola Saraki of submitting false assets declaration submitted to the Code of Conduct Bureau, during his eight years tenure as Governor of Kwara State from 2003 and 2011.

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