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BREAKING: Ex-senate president, Saraki arrested over renewed allegations of corruption

Former president of the Nigerian senate, Abubakar Bukola Saraki was reportedly arrested by the Economic and Financial Crimes Commission over allegations of theft and money laundering.

WITHIN NIGERIA learnt that Saraki, a former Kwara state governor was detained on Saturday.

According to sources familiar with the development, a situation that may trigger another episode of troubles for the politician.

Recall that the Saraki as senate president between 2015 and 2019 spent a considerable time facing allegations of corruption and false declaration of assets. He was acquitted by the Supreme Court in June 2018.

According to PREMIUM TIMES, Mr Saraki in his new case with the EFCC is to answer questions over 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 a 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, PREMIUM TIMES’ investigation showed, based on interviews with persons familiar with the property.

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