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Saraki accused of repaying personal bank loans with Kwara’s funds

18 March 2016, 21:02

Abuja - The Code of Conduct Bureau has said there is evidence that the Senate President, Dr. Bukola Saraki, while governor of K‎wara State between 1999 and 2007, obtained huge bank loans and paid back the loans with funds belonging to the state.

‎The bureau alleged that Saraki used the bank loans running into billions of naira to acquire landed assets in Lagos, Abuja and London.

Also read: CCT adjourns Saraki’s trial again

The Bureau said it gathered the information from the Economic and Financial Crimes Commission which conducted investigations into various petitions written against the Senate President between 2010 and 2012.

‎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.

The tribunal adjourned the alleged false assets declaration trial to March 24, 2016.

President of the CCT, Danladi Umar, who adjourned the trial on Friday, said the court will on that day rule on the motion on jurisdiction of the Tribunal  to try Saraki.

Read more at Punch

- News 24


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