How Saraki Used Kwara State Money To Repay Personal Loans – CCB

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The Code of Conduct Bureau (CCB) yesterday narrated how Senate President Bukola Saraki allegedly looted Kwara State during his tenure as governor between 2003 and 2011.
According to the CCB, Saraki allegedly obtained huge bank loans which ran into billions of naira from Guarantee Trust Bank, GTB and paid back the loans with funds belonging to Kwara state.
The bureau alleged that Saraki used the bank loans to acquire landed assets in Lagos, Abuja and London.
The CCB’s position is contained in a counter-affidavit deposed to by one of its operatives, Peter Danladi, in opposition to a fresh motion filed by Saraki to challenge the validity of the 13 counts of false assets declaration instituted against him before the tribunal.
Danladi stated, “That I was informed by Mr. Yahaya Bello, an operative of the Economic and Financial Crimes Commission in our office on March 14, 2016 at about 11am and I verily believe him that:
“The EFCC received various petitions against the defendant/applicant between 2010 and 2012 alleging acts of corruption, theft, money laundering etc.
“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 investigation.
“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.
“While the Federal Government was selling its properties, the Central Bank of Nigeria, being an agency of the Federal Government sold plot 2A, Glover Road, Ikoyi, Lagos for N325,000,000 between 2007 and 2008 to the defendant, which the defendant purchased through his company called Carlisle Properties when he was the governor of Kwara State,” Danladi said.
He added that further investigation by the CCB revealed that Saraki also acquired a property at Plot 2A Glover Road, Ikoyi, Lagos through Carlisle Properties Limited, while he was governor of Kwara state and that he has been receiving rent from the property.
Danladi said investigation on the asset declaration forms submitted by Saraki between 2003 and 2011 revealed that he failed to declare his interest in Plot 2A Glover Road, Ikoyi, Lagos ( in his 2011 asset declaration form); No: 1 Targus Street, Maitama, Abuja otherwise known as 2482 Cadastral Zone A06, which he claimed he acquired in November 1996 from one David Baba Akawu (in his assets declaration form of 2003).
Saraki was also said to have failed to declare his ownership of No: 3 Targus Street, Maitama, Abuja, otherwise known as 2481 Cadastral Zone A06, Abuja which he acquired from one Alhaji Attahiru Adamu in his asset declaration form (of June 3, 2011) and No: 42, Remi Fani-Kayode Street, Ikeja, Lagos, which he acquired through his company, Skyview Properties Limited, from First Finance Trust Limited on December 12, 1996.
“The defendant has a domiciliary account with GTB Plc in Nigeria with account No: 441441953210 from where he made various cash transfers totalling 3.4million US dollar between 2009 and 2012 to American Express Service Europe Limited with account No: 730580 maintained with the American Express Bank, New York and the various sums were transferred into the defendant’s card account No: 374588216836009 maintained by the defendant outside Nigeria.
“Sometime in February 2010, the defendant obtained a loan of N375,000,000 from GTB Plc in Nigeria, which he converted into 1,516,194.53 Pounds Sterling and gave instructions to the bank to transfer the entire sum to the United Kingdom in favour of Forts Bank SA/NV the purpose of which the defendant stated to be the full and final payment of mortgage redemption for the property he purchased in London,” Danladi said.
Saraki had, in a fresh motion filed by his new lead lawyer, Kanu Agabi (SAN), queried the competence of the charge against him and the jurisdiction of the CCT on the case claiming that he was not accorded fair hearing by the CCB before he was charged with alleged discrepancies in his asset declaration forms.
He queried the timing, arguing that most of the offences were allegedly committed about 15 years ago, while he was governor and that he was not confronted with the discrepancies as required under the Constitution, to enable him either agree or deny the discrepancies.
However, prosecution lawyer, Rotimi Jacobs (SAN), armed with the CCB counter-affidavit, urged the court to dismiss Saraki’s fresh motion on the ground that it constituted an abuse of court process.
The CCT Chairman Danladi Umar adjourned sitting till March 24 to deliver ruling on Saraki’s application on the jurisdiction of the CCT to hear the case.

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