EFCC Accuses Saraki Of Diverting N12b From Kwara Treasury
The Economic and Financial Crimes Commission claims former Senate President Bukola Saraki withdrew N12bn in cash from the treasury of the Kwara State Government while he was governor of the state between 2003 and 2011.
The money was then allegedly used by Saraki to offset a N1.36bn bank loan he used in purchasing homes located at 15, 15A, 17, 17A and four flats on Macdonald Road, Ikoyi, Lagos, hence the decision of the commission to seize the properties.
The anti-corruption agency therefore asked Justice Taiwo Taiwo of the Federal High Court, Abuja, to rescind the ex parte order preventing the commission from investigating and prosecuting Saraki.
The EFCC said this in a counter-affidavit to Saraki’s originating motion with suit number FHC/ABJ/CS/507/2019, which was obtained by Saturday PUNCH on Thursday.
However, in a counter-affidavit deposed to by Ojilibo Stanley on behalf of the EFCC, the agency said they had established a case of money laundering, criminal breach of trust and conspiracy by the immediate past Senate President.
The EFCC said Saraki had through his companies between 2005 and 2006 taken loans worth N1.36bn from the Guaranty Trust Bank and Intercontinental Bank (now Access Bank).
The commission said in a bid to offset the loan, the ex-governor began to divert N100m from the coffers of the state monthly.
The affidavit stated that on February 28, 2005, the Presidential Implementation Committee on the sale of Federal Government Landed Properties wrote a letter conveying to Saraki the approval of then-Minister of Lands and Housing for the sale of properties at 15 and 17 Macdonald Road, Ikoyi.
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