BREAKING: Former Senate President, Saraki Arrested

Heritagenewsng reports that former Senate President, Bukola Saraki, has been arrested for fresh charges of fraud, but was later released.

Saraki who was former Kwara State governor, was reported to have been arrested by the Economic and Financial Crimes Commission.

Heritagenewsng reports that Saraki was detained for few hours over allegations of theft and money laundering but was later released to go.

Saraki as senate president between 2015 and 2019, spent a considerable time facing allegations of corruption and false declaration of assets. He was acquitted by the Supreme Court in June 2018.

However, in his new case with the EFCC, heritagenewsng gathered that Saraki 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 a 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, sources said.

Sources hinted further that Anti-graft investigators have obtained a list of the proxy companies involved and analysed a pattern of suspicious transactions between them and Mr Saraki.

One of them has been reportedly responsible for funding Mr Saraki’s lifestyle, including paying over a hundred million to settle the bills for rent and renovation of Mr Saraki’s Maitama residence, sources hinted.

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