Credible sources informed that Bankole must have spent part of the dodgy N10 billion loan on Gbemi Saraki and sultry Nollywood actress, Ini Edo, the two mistresses that had long serviced his high libido needs.
Sources informed that while Bankole bought a palatial home in Maitama for Ms. Edo in addition to a Prado Jeep before the Nollywood star got married, he allegedly bankrolled Ms. Saraki's Governorship campaign. Ms. Saraki, a divorcee had become the living lover of the Speaker.
Last May 28, 2008, the Speaker and Body of Principal Officers approved the purchase of four units of Range Rover (V8) Sports Utility Vehicles (SUV), three units of Mercedes Benz S-600 cars for the use of the Speaker and his deputy in the sum of N335,500,000 million.
The House leadership approved the purchase of LCD 40 Samsung LNS 341 for the House at the sum of N525, 000 per unit. The open market price for this product is about N180, 000. The Speaker had authorized the purchase of 400 units for N210, 000,000 million instead of N97, 200,000 million, thereby causing a loss of N112, 800,000 million to the national treasury.
Bankole was also accused of approving the purchase of one unit of Sharp copier 5316 for N270, 000, when the open market price is N160, 000 each.
The House leadership was also accused of approving the purchase of 800 units of desktop (HP Compaq dc 5700) on May 28, 2008 at the cost of N330,000 per unit. The open market price of this product is N160, 000. A mark-up of 35 per cent on the product would bring the unit price to N216, 000.
“The sum of N264, 000,000 million was therefore expended on the purchase of the desktop instead of N172, 800,000 million.
Source revealed that Bankole had sometime in July 2010 also approved an upward review of the illegal quarterly allowance from N28.9 million to N42 million. This, it was learnt, was part of his return strategy, but the commitment put the account of the House in the red. The repayment had also been built into the controversial 2011 Budget.
Shady interests
Bankole is believed to have made extensive real estate deals since he became Nigeria's fourth most powerful man, is considered to be one of the most corrupt officials in public service today in Nigeria.
He has grown immensely rich as Speaker, routinely using a variety of proxies in his extensive deals. Through such willing individuals, he has bought several houses in South Africa and the US.
The 41 year-old, who was trounced in his reelection bid, also recently bought the 32-storey NITEL building in Lagos for N4 billion, and is the owner of a N7 billion hotel resort undergoing construction in the Akodo area of Lekki in Lagos.
One of Mr. Bankole's key and most trusted money-laundering pals is Adenekan Gbadebo, the son of the Alake of Egbaland. Our sources disclosed that Mr. Gbadebo has helped Bankole move about $500 million through several bank accounts.
The Speaker and his father also recently completed seven duplexes after he tore down his father's old house in Abeokuta. Investigations show that Mr. Bankole has built a huge mansion in Abeokuta that is completely hidden from the public through the use of tarps and construction covers.
Two ladies being used by Mr. Bankole in a N5 billion scam. The women, Angela Oselukwu and Uduak Akpan Israel, are now fugitives and have been declared wanted by the EFCC. They were involved in stealing N5 billion from the Rural Electrification Agency (REA).
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