Saraki stole N100m monthly from Kwara treasury in 8 years – EFCC    


Ex-Senate President Bukola Saraki stole the Kwara government dry in his eight years as the state governor, the Economic and Financial Crimes Commission, EFCC, has said.

Saraki was Kwara governor between 2003 and 2011.

The ex-governor, who is dragged to court by the EFCC for string of allegations including money laundering and fraud, was accused of stealing a total sum of N12bn in the state treasury by the anti-graft commission.

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He was alleged to have used part of the loot to defray alleged N1.3bn debt he took from GTBank to buy properties located at 15, 15A, 17, 17A and four flats on Macdonald Road, Ikoyi, Lagos, hence the decision of the commission to seize the properties, as per

“The personal loans used to acquire the properties were later liquidated with  the proceeds of the applicant’s (Saraki’s) criminal breach of trust or misappropriation of funds of the Kwara State Government.

“The applicant (Saraki) procured one Abdul Adama who was his personal member of staff to receive cash from then-Controller of Finance and Account of Government House, Kwara State, Mr Isiaka Kareem, on a monthly basis, the sum of N100m.

“While the applicant was the governor of Kwara State, the total sum of N12bn was withdrawn in cash from the Kwara State Government House’s account domiciled in Zenith Bank,” the paper quoted EFCC as saying.

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