EFCC Arrests Bukola Saraki Over Renewed Fraud Allegations

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The Economic and Financial Crimes Commission(EFCC) has arrested former Senate President, Bukola Saraki over allegations of theft and money laundering.

The PREMIUM TIMES reported, the former Kwara State was detained on Saturday, July 31, 2021.

EFCC Arrests Bukola Saraki Over Renewed Fraud Allegations
EFCC Arrests Bukola Saraki Over renewed Fraud Allegations

During his tenure as Senate President between 2015 and 2019, Saraki faced a series of corruption allegations and false declaration of assets.

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Saharareporters reported the former senate president is facing new charges ranging from alleged theft and laundering of public funds using a network of cronies and proxy companies.

The Premium Times also reported that EFCC investigators have obtained a list of the proxy companies involved and analyzed a pattern of suspicious transactions between them and Saraki.

The suspected proxies were said to have executed purported contracts for Kwara State under Mr. Saraki, allegedly made returns, for many years, to the former governor, forming an organized network of dirty money flow.

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It was also said that one of the proxies has been reportedly responsible for funding Saraki’s lifestyle, including paying over N100million to settle the bills for rent and renovation of Saraki’s Maitama residence.

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