How Saraki Used $375m Loan From GT Bank To Buy Houses In UK – Witness

Date: 18-05-2016 11:39 pm (4 years ago) | Author: Victor A. Ofoma
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- at 18-05-2016 11:39 PM (4 years ago)
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The principal witness in the ongoing trial of the Senate President, Bukola Saraki, Michael Wetkas on Wednesday at the Code of Conduct Tribunal, CCT, insisted that Saraki used a loan of $375m from Guaranteed Trust Bank, GTB, to purchase properties in the United Kingdom.
Wetkas, an operative of the Economic and Financial Crimes Commission, EFCC, also alleged that Saraki did not declare the loan during his assets declaration of 2011.

He claimed that the Senate President’s account statement with GTB showed how he transfered various amount in naira, dollars and pound Sterling to united Kingdom for onward purchase of properties.

Wetkas, reading from page 6, of exhibit 9, gave a breakdown of the funds transfered.

The breakdown reads, “On Feb, 2010 there was credit of $1.2m, 15 Feb 2010, $1m, 16 Feb 2010, $150,000; $42,000, $1.2m on Feb 12, 2008.

“There was a credit of £761,90.76 and February 15, 2010, debit entry of $1m for forex purchase and convention. Also on the same day there was credit flow of $632,511.07 for forex sales and convention by Saraki.

“On 15 February, 2010 Saraki did a foreign transfer of £761,904.6 for mortgage.

“In the the second page there is a telex instruction of £632,511.07, while the remittance payment said second part payment redeemed at £351,494.11.

“On 16 February 2010, there is a transfer of 121, 778.10 while the remittance information reads full and final payment of mortgage, which is £495.116.

“We believe from the various transfers that the loan was meant for the purpose of purchasing properties in London

“Telex prepared by GTB showed how Saraki transfered this money meant for mortgage redemption.”

The witness further disclosed that the commission, during its investigation with GTB on the loan Saraki applied for, was not furnished with the details.

“We did ask GTB for details of the telex but they refused to furnish us, saying it was cash bar.

“However, when we saw the telex transfer, we contacted our foreign partners to help us investigate the transfer and they confirmed that between 2011 and 2008, Saraki bought two properties in the UK, one on number nine Withtaker Street London, with title number NGL 302215 and the second is with the title number, HGL 302,” Wetkas added.

Posted: at 18-05-2016 11:39 PM (4 years ago) | Gistmaniac
- gogoman at 18-05-2016 11:42 PM (4 years ago)
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Dabaru matter  Roll Eyes Roll Eyes
Posted: at 18-05-2016 11:42 PM (4 years ago) | Addicted Hero
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- Oworen25 at 18-05-2016 11:47 PM (4 years ago)
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See as them dey disgrace themselves
Posted: at 18-05-2016 11:47 PM (4 years ago) | Hero
Reply
- Novic at 18-05-2016 11:54 PM (4 years ago)
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E be like say then wan finish saraki ooo.. wetin this man do them self. make then frm ham jare.
Posted: at 18-05-2016 11:54 PM (4 years ago) | Hero
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- dickieponga at 19-05-2016 12:02 AM (4 years ago)
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E say im rich pass kwara state b4 im become senator so why e still tif money, why im no use im own money..?
Jail him abeg i no dey for talk talk...
Posted: at 19-05-2016 12:02 AM (4 years ago) | Hero
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- zoe61 at 19-05-2016 12:17 AM (4 years ago)
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looting is not the same as steeling foolish pepo
Posted: at 19-05-2016 12:17 AM (4 years ago) | Hero
Reply
- raynebee at 19-05-2016 12:25 AM (4 years ago)
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hmmmmmmm                                                           
Posted: at 19-05-2016 12:25 AM (4 years ago) | Hero
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- iykeoo at 19-05-2016 01:01 AM (4 years ago)
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Please fellow Nigerians ask President Muhammadu Buhari to investigate the source of funds used for his political campaign in the last 2015 election if really that he want to fight corruption as he said.
Posted: at 19-05-2016 01:01 AM (4 years ago) | Newbie
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- yawa_don_gas at 19-05-2016 01:21 AM (4 years ago)
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Yawa spending yawa plenty money
Posted: at 19-05-2016 01:21 AM (4 years ago) | Addicted Hero
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- morgan1 at 19-05-2016 03:44 AM (4 years ago)
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No case,,,,
Posted: at 19-05-2016 03:44 AM (4 years ago) | Hero
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- DrSoba at 19-05-2016 05:48 AM (4 years ago)
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Can you imagine?
Posted: at 19-05-2016 05:48 AM (4 years ago) | Gistmaniac
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- CHRISETTE at 19-05-2016 05:58 AM (4 years ago)
Online (f)
Am not satisfy with this persecution oo more head needs to roll
Posted: at 19-05-2016 05:58 AM (4 years ago) | Hero
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- Oworen25 at 19-05-2016 06:27 AM (4 years ago)
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Make efcc take over
Posted: at 19-05-2016 06:27 AM (4 years ago) | Hero
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- angesco at 19-05-2016 06:54 AM (4 years ago)
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Who is to blame?

The Nigerian who stole?

OR

The British housing agent who sold the houses?

How does a person working in a bank in a foriegn land IDENTIFY a Nigerian who is paying in STOLEN money as opposed to someone who is paying in money they made honestly - without being accused of singling out ONLY Nigerians?

Just asking!!!!!

Just
Posted: at 19-05-2016 06:54 AM (4 years ago) | Gistmaniac
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- leodavinci at 19-05-2016 07:11 AM (4 years ago)
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Quote from: Man of peace on 19-05-2016 01:01 AM
Please fellow Nigerians ask President Muhammadu Buhari to investigate the source of funds used for his political campaign in the last 2015 election if really that he want to fight corruption as he said.
.... Bamm the gods has spoken
Posted: at 19-05-2016 07:11 AM (4 years ago) | Upcoming
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- Eazyatumeyi at 19-05-2016 07:11 AM (4 years ago)
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chai this men really wreck naija o
Posted: at 19-05-2016 07:11 AM (4 years ago) | Hero
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- bigdad95 at 19-05-2016 07:17 AM (4 years ago)
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Some fools  here  are still supporting Sariki despite stealing billions of dollars, this same people will kill and serve jungle justice to the poor man for stealing  como food to satisfy his hunger.
Posted: at 19-05-2016 07:17 AM (4 years ago) | Upcoming
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- Maxwell29 at 19-05-2016 07:37 AM (4 years ago)
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Wasted generation
Posted: at 19-05-2016 07:37 AM (4 years ago) | Upcoming
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- iykeoo at 19-05-2016 09:27 AM (4 years ago)
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Quote from: john wayn on 19-05-2016 07:17 AM
Some fools  here  are still supporting Sariki despite stealing billions of dollars, this same people will kill and serve jungle justice to the poor man for stealing  como food to satisfy his hunger.

No one is supporting Sariki or whomsoever that involve in stealing Nigerian money, as for me Sariki should not go to jail because our leaders told us that they spend 30,000 Naira for each prisoner's feeding and medication per week, so if they jail Sariki he still eating our money which we don't have, so I suggest they empty his account both home and abroad and seize everything that belongs to him so that he will start afresh, BUT BUT our president is more corrupt than all this people,

Tell President Muhammadu Buhari to investigate the source of funds used for his political campaign in the last 2015 election   
Amechi, Tinubu, Okorocha, Fashola, El-Rufai, Sanusi, this people thief our money times 100 what this Sariki did but they sponsor president election he turn the blind eye.
Posted: at 19-05-2016 09:27 AM (4 years ago) | Newbie
Reply
- Sparky273 at 19-05-2016 09:33 AM (4 years ago)
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kk... na
Posted: at 19-05-2016 09:33 AM (4 years ago) | Upcoming
Reply
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