BREAKING:EFCC Arrested Bukola Saraki over allegations of corruption-The Legend News

Saraki and his mother

Economic and Financial Crimes Commission has arrested a former president of the Nigerian Senate, Bukola Saraki, in custody over allegations of theft and money laundering.

Mr Saraki, a former Kwara State governor, was detained on Saturday, sources familiar with the development said, a situation that may trigger another episode of troubles for the politician.

However, in his new case with the EFCC, PREMIUM TIMES understands, Mr 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 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.

Anti-graft investigators have obtained a list of the proxy companies involved and analysed a pattern of suspicious transactions between them and Mr Saraki, PREMIUM TIMES learnt.

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.

More details later…

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