Fresh trouble looms for a former governor of Kwara state and ex-Senate President, Bukola Saraki, as he has been detained Saturday by the Economic and Financial Crimes Commission (EFCC) over allegations of theft and money laundering.
Sources quoted by Premium Times noted that 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 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”, the sources said.
It was gathered that EFFC investigators have obtained a list of the proxy companies involved and analysed a pattern of suspicious transactions between them and Saraki.
One of them has been reportedly responsible for funding Saraki’s lifestyle, including paying over a hundred million to settle the bills for rent and renovation of Saraki’s Maitama residence.