Read EFCC and CCB Revelations on Allegations of Theft, Corruption, and Money Laundering on Bukola Saraki

Saraki NEWResponding to Senate President claim that his trial at the Code of Conduct Tribunal is a witch-hunt, the Economic and Financial Crimes Commission and the Code of Conduct Bureau presented an affidavit on Thursday containing details on the allegations of theft, corruption and money laundering on the former Kwara Governor during his tenure as Kwara state governor between 2003 and 2011.

DailyPost reports that a certain Peter Danladi, an official of the Code of Conduct Bureau, has said that the affidavit is the product of the joint investigation of the EFCC, CCB and the DSS.

The affidavit reads.

The EFCC conducted its investigation on the various petitions and made findings which showed that the defendant/applicant abused his office, while he was the governor of Kwara State and was involved in various acts of corruption as the governor of the state.

The defendant/applicant borrowed huge sums of money running into billions from commercial banks, particularly Guaranty Trust Bank, and used the proceeds of the loan to acquire several landed properties in Lagos, Abuja and London, while he was the governor of Kwara State.

As against the defendant using his own legitimate income to defray the loan, he took public funds, running into billions from Kwara State Governemnt and lodged same in several tranches and in cash into his GTB account in GRA (Government Reservation Area), Ilorin, Kwara State.

The defendant/applicant’s account officer in GTB confirmed that the defendant/applicant gave him several cash in the Government House to lodge into the account and on some occasions, the defendant sent his aides from the Government House to give him the cash for lodgement into his account.

When the EFCC submitted its report to its legal department and the Federal Ministry of Justice, the Ministry of Justice formed the opinion that the offences revealed from the investigation, particularly as they relate to the properties acquired by the defendant/applicant, while he was governor of Kwara State and various monies sent into his various accounts outside Nigeria can be better handled through the Code of Conduct Bureau (CCB) and Code of Conduct Tribunal (CCT).

The office of the Attorney General of the Federation (AGF) then sent the findings and the evidence gathered during investigation by the EFCC as a complaint to the Code of Conduct Bureau for investigation and that the operatives of the EFCC would collaborate with the officers of the CCB for effective

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 properties 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 properties in the name of two companies because he could not buy two Federal Government properties in his personal name.

The defendant bidded 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.

A scrutiny of the defendant’s salary account with the Intercontinental Bank (now Access Bank) account No: 0100857813 reveals that his monthly take home salary as at the time he acquired the property was not more than N500,000 and the defendant acquired properties far in excess of his income.

38 Comments on Read EFCC and CCB Revelations on Allegations of Theft, Corruption, and Money Laundering on Bukola Saraki
  • Marc Francis of Chelsea March 19, 2016 at 8:48 pm

    The Nigerian Senate President!
    Next thing is for touts to carry banners claiming his innocence.
    Nigeria I hail thee!

    • Wale March 20, 2016 at 1:31 pm

      The fact of the matter is all previous looters did not rig themselves to be the chief lawmaker of the country. The very position Saraki wants to hold on to is what makes the Saraki legal matters more pertinent and why the whole world is closely watching. He represents the head of the group that makes our laws and Saraki himself is not only a major lawbreaker by all accounts, he epitomizes the dictionary definition and poster man for CRIME; name it he has done it-fraud, murder, corruption, embezzlement, rigging etc I insist Tinubu or no Tinubu, Saraki CANNOT be exonerated. If he is then it will be the psychological death is NIGERIA. The man is an evil manipulator. This was a man that openly and glaringly in the middle of the economic mess Nigeria is bought himself with tax payers money an imported N300m Benz and then the next day said he is promoting made in Nigeria. I have long concluded that Nigerians have to examine themselves; they either need to take the country back from this ORDINARY men like Saraki, even if by force or the have to live for posterity with the shit these people serve them.

  • Anthony March 19, 2016 at 8:49 pm

    @Bellanaija you have left out the most intriguing part of the EFCC & CCB transcript. I’ve done you a favour and attached in below;

    Saraki’s Lawyer:
    “He said that by failing to first invite his client and confront him with the alleged discrepancies in his asset declaration, as required under Paragraph 3(d), before charging Saraki before the CCT, the condition precedent was not complied with, thereby denying the tribunal the requisite jurisdiction.

    Agabi argued that the tribunal had struck out a case against former Lagos State governor, Bola Tinubu, on the same ground of non-compliance with the provision of Paragraph 3(d). He urged the court to be guided by its decision in the Tinubu case and strike out the charge against his client.”

    Prosecuting Lawyer:
    ““They cannot use old law to defeat new provisions. In the Tinubu case, the tribunal found that it was misled into giving the decision it gave. The tribunal cannot commit the same error again.”

    The authorities are effectively saying that Tinubu was not cleared of wrong doing, that Tinubu was not innocent of the charges. However he was let go on a technicality even though the evidence of theft, corruption, graft, embezzlement and abuse of office was overwhelming against Tinubu. A self respecting Judiciary in a sane normal country would have still gone after him but not Nigeria…oh no! Instead let’s get him involved in national affairs and allow him orchestrate the election of the next president. If you had your senses complete you would be hard pressed not to call Nigeria a joke, which is a sad commentary in of itself!
    There truly isn’t hope for Nigeria, disagree? Well look in the mirror and ask yourself if you truly believe you will enjoy uninterrupted electricity supply in the next 10years! Ask yourself if you believe unemployment will drop below double digits in the next 10years! Ask yourself if you believe a leader will emerge not from the recycle bin of old insatiable kleptocrats in the next 10years!
    Ask yourself if you will ever see you fellow Nigerian as Nigerian first not tribe or religion!
    Remember i’m asking what you believe and not what you wish. I dare you to lie!!!!

    • ElessarisElendil March 19, 2016 at 11:37 pm


      Already is below double digits, think you mean “youth” unemployment.

      Yep(2026 is likely to see either Fashola or possibly Akpabio in power; they’re “new” kleptocrats)???

      Never, its necessarily not a bad thing, Americans see themselves as citizens of their state first, Chinese as their kin group e,t,c. Anybody that tells you they don’t see societal groupings is lying to you. Like those ohh “I don’t see gender crowd”.

    • nnenne March 20, 2016 at 1:47 am

      Anthony, where have you been all my life?
      You make sense! !!

    • Rampage March 20, 2016 at 7:59 am

      Actually in some areas of PHC we’ve been getting on average about 20-22 hours of light/day since June 2015 and if transformer blows or something spoils, they usually fix it the day after you tell the PHED office at the latest. I’m guessing it’s because they privatised/unbundled PHCN .

    • Antitony March 20, 2016 at 3:29 pm

      Anthony, you’ve managed to distract a few others from the main issue. I will continue to say people like you is/are what I term ‘society’. You easily switch from the CCB case to the unemployment rate and low electricity supply. HABA how that one take concern us? We will talk about them under a different issue, don’t link both together trying to gain sympathy, WHAT IS WRONG IS WRONG, They embezzle your economy directly or indirectly.

      Back to the matter, was Tinubu Guilty? YES, Is Saraki Guilty? Yes

      Should we acquit Saraki because Tinubu is/was guilty but had his case discharged? NO!

      Let’s petition the CCB to bring a different case against Tinubu while Saraki faces the cause of law.

      BTW, as a politician it’s stupid to go against Tinubu while you’ve directly or indirectly paid tax to Lagos State, or own a property in Ikoyi. Lagos state system is so structured that if you know who is who in LASG, who are ………….. He is so good that he will “follow the money trail”

  • lami March 19, 2016 at 8:51 pm

    As long as the fight against corruption is unbiased then am for it. It high time all citizens are held accountable, for our common good.

    • nnenne March 20, 2016 at 1:55 am

      @ Lami… can we honestly say it’s unbiased so far?

  • Somtoo March 19, 2016 at 9:56 pm

    I’m not even shocked at these huge sums. I’m just saddened really. how 1 person can be so selfish is the shock factor here. Imagine the amount of sick pple he could ve given access to better medical care or the number of IDPs he could have helped.
    Lord have mercy

  • Cece March 19, 2016 at 10:05 pm

    All these allegations of fraud are fruitless without these so called Ex-Government Officials being actually punished.

  • Biker Chic March 19, 2016 at 10:21 pm

    Haa, CCB what sort of witch craft is this? Hold the man down if you have serious evidence not this chewing gum money in question. He is a criminal but pls. in today’s Nigeria this is nothing. We know some powerful people feel slighted. Every dog has his day. This is Saraki’s l guess. If Saraki is going down, what happens to OBJ, Atiku, Tinubu, Amaechi, Fashola and so on and so forth? Even Buhari stinks afterall Abacha is a saint.

    • ElessarisElendil March 19, 2016 at 11:38 pm

      This attitude………….everything wrong with Nigeria.

      • Biker Chic March 20, 2016 at 12:42 am

        @EE, Everything wrong with Nigeria is when in the animal farm, some animals are special. Saraki is a criminal so are all the former state govs, most commissioners, most ministers, civil servants etc. While Saraki deserves jail time, l believe same treatment should apply to all corrupt persons ever entrusted with public office. I do not like flip flopping. This regime (note l said regime as in Military regime) Everybody DSS, EFCC are busy trying to break their necks to prove to buhari that they are working by pursuing his perceived enemies. Catch one, catch all. This reeks of witch hunt.

      • LidneleSirassele March 20, 2016 at 3:40 pm

        I am so tired of this Attitude and its ripple effect. It has eaten deep into the Nigerian system, I hope this changes real soon before it’s completely pass on to my generation.

        Edakun, we caught Ade stealing but let’s ‘live’ him alone because Obi and Yakubu are thieves who haven’t been caught.

    • Vic March 20, 2016 at 2:23 pm

      I see u trying to play politics. How about the likes of Jonathan and his wife, Wike, Odili, Fayoshe??
      Oh, they are clean right? Nigerians care less as far as it’s the member of a party they support. And this got me wondering, how is this beneficial to u?
      I see many Rivers folks questioning Amaechi, but none ever talks about the likes of Odili. Shitty state

  • Liz March 19, 2016 at 10:27 pm

    It’s so sad how creative and innovative our leaders get, with matters relating to Money Laundering and fraud.. I’m sure Nigeria would have been a better place, if they put half that effort and creativity into trying to develop the country Smh

  • tony March 19, 2016 at 10:46 pm


  • Nwa nna March 19, 2016 at 11:24 pm

    Unfortunately Saraki isn’t the exception when it comes to treasury looting by the political class..
    Watch this great talk and hear for yourself how devastating corruption has been to Africa..

  • chinny March 19, 2016 at 11:31 pm

    Ok, The question to ask ,is if it is the duty of Efcc to take the senate president to the cct.The answer is no.Now the same cct ,dismissed a similar case against Tinubu , because ccb, did not invite him , pls in law shouldn’t the same apply ?The problem with these cases is that the Government agencies are always in a hurry to do media trial and go to court , with out making sure that all the bolts are tightened.

    • phoenixceleste March 21, 2016 at 7:09 pm

      What’s how biiz with Tinubu,he should – resign.

  • ElessarisElendil March 19, 2016 at 11:46 pm

    I do not have a problem with corruption, my problem is with the blatant stealing our politicians seem to favour.

    Our good friend the peacemaker had a point about the two being different. Dear Nigerian politicians, will it kill you people to steal small, use small to develop the country? Lula stole, fine, he also helped lift 20 million from poverty. Chinese leaders stole, fine, they helped lift 300 million from poverty. Our leaders have stolen and…………………………………The Chinese and Brazilians, do they have two heads.

    Anyways I’m watching with interest, eventually the middle-class will tire, I’m not related to any of you, I intend to have my corn popped as the heads fly.

    • Anon March 20, 2016 at 12:35 am

      “I do not have a problem with corruption.” Hmm!

      • Vic March 20, 2016 at 2:27 pm

        I get her/his point. I was listening to a radio show one day and people were like if they even stole just little sums, it would be better. Trust me, there’s corruption even in first world countries, but ours is just beyond corruption. There’s no word to describe ours yet.

  • Zee March 20, 2016 at 9:59 am

    I do not know why Amaechi is not being investigated.
    So Uncle Saraki, you are a theif. Hahaha. You have turned your women’s advocate wife to the wife of a thief. Shame on all these greedy politicians who have killed millions and millions of Nigerians through their greed.

    I use to have a little hope that something good will come out of this Nigeria. Kai! I am deeply dissapointed.

    • Anon March 20, 2016 at 11:28 am

      “You have turned your women’s advocate wife to the wife of a thief.”

      You think he worked alone? They worked hand in hand. What does that make her?

      • Ajoke March 20, 2016 at 5:34 pm

        Please someone tell me the wife isn’t part of his crime, that he’s just a typical greedy Nigerian man who doesn’t heed to his wife’s advice. I really respect the woman

    • Vic March 20, 2016 at 2:29 pm

      How many politicians can u say isn’t a thief?? Let’s stop thinking that it’s okay for mr A to steal and it isn’t okay for mr B because Mr B is in a party u support.
      They are looting us all here, and the bunch like you keep taking sides. Pfttttt

  • Nunulicious March 20, 2016 at 11:53 am

    It’s repulsive to think that a government that hinged it’s campaign on anti-corruption has its number 3 man sitting in a grey area on this same matter. No matter how well intentioned/ popular saraki is, the HONOURABLE thing to do is for him to step down. Is that not the CHANGE we voted for?

    • Nunutic March 20, 2016 at 3:35 pm

      It’s the change you voted for, that is working right now. If it was in the past administration, party members won’t bother putting their mates on the hot seat. Remember Diezani? Abba Moro? However, watch how this will play with APC, I believe they have something for him once he is found guilty, but right now, it will be difficult because of his ties with PDP. As you can see no bonafide member of the APC supports him on this case.

    • Ajoke March 20, 2016 at 5:54 pm

      As if he would know the meaning of honourable? If he did, he wouldn’t have been in this situation would he?

  • Tee March 20, 2016 at 1:52 pm

    @Anthony, thanks for the update. Saraki will have to pay for his crimes. We won’t say because thiefnubu did the same then all of them should be freed and allowed to rule us as if nothing happened. I would like whoever is responsible to revisit Thiefnubu’s case too. We can’t support crime because we’re trying to protect our own or like a particular party. If Amaechi, Fashola, and all the APC members mentioned above are guilty, they should also face the music. I wonder why nothing was done when they were governors in their state during PDP rule. Anyway, this is the time for PDP to re-open these cases and witch hunt too. What we want is change in the system. Enough of politicians and their families stealing what belongs to Nigerians. Enough of their children celebrating on social media, enough of the sentiments. They all have to be part of this change or face the wrath of the public for what their parents are doing wrong. Enough of flaunting ill-gotten wealth while pensioners are dying, graduates turning criminals daily, and civil servants working without pay. Let’s not fall for their dubious ways by creating disunity amongst tribes, cos when they steal in Aso-rock they steal regardless of tribe or party. Let APC and PDP members that are found guilty be prosecuted. If PDP is not happy about it, go to court, gather your facts and do the same.

    • WiTee March 20, 2016 at 3:31 pm

      Thanks so much for this. Let’s begin to bring justice to people, esp. politician regardless of any emotional or personal grief.

  • Samira March 20, 2016 at 5:13 pm

    Now that is very peculiar, this their so called evidence is wrong. When I worked for Econet in 2001 or so. our zimbawean boss lived at that Macdonald house and it definitely belonged to Saraki. I think Buhari is desperate to get rid of him, but to resort to lies and false allegations is pretty low.

    • Bimbola March 20, 2016 at 6:35 pm

      Perhaps the title of the house says otherwise. Don’t be too quick to defend. Some men are born a manipulator.

      • Samira March 20, 2016 at 10:31 pm

        I’m not defending, just saying I knew that house pretty well. My boss’s wife used to hold a Christian fellowship which I used to attend there, nicely maintained house with a pool.. Saraki definitely owned that 15a Macdonald in 2001, his wife Mrs Saraki came for the fellowship once that I recall, she brought my boss’s wife orchids she had grown in her gardens next door at 15b, I was surprised orchids could grow in Nigeria.

  • AANUOLUWAPO OYEDELE March 21, 2016 at 3:40 pm

    u must face the law oga ade, u milk Kwara dry with Ftai Ahmed ur surbodinate, This case better end well ooooo, i no wan hear nigbati ngbati, awon looters of Life

  • phoenixceleste March 21, 2016 at 7:22 pm

    It’s hightime we told saraki the meanings of honorable,corruption and credibility because a doctor should know when to walk away.

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