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 (7 years ago) | Gistmaniac
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 (7 years ago) | Newbie
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 (7 years ago) | Gistmaniac
leodavinci at 19-05-2016 07:11 AM (7 years ago) (m)
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 (7 years ago) | Upcoming
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 (7 years ago) | Upcoming
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 (7 years ago) | Newbie
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