Exposed: GTB Documents Shows Money Laundering By Saraki

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A document have been revealed, which shows bank transfer of millions of US dollars to the United States by the Senate President, precisely through Guaranty Trust Bank (GTB).

Senator Bukola Saraki transferred a total of $3.47 million in 40 installments with his credit card in four years, between 2009, when he served as Kwara State Governor, and 2012 when he served as the senator representing Kwara Central Senatorial District.

As disclosed by prosecutors, Mr. Saraki also own a beneficiary account in the U.S. While some of the senator’s companies, Carlisle Properties and West Gate Ltd, during the same period, also transferred thousands of dollars to the U.S. accounts.

Senator Saraki is currently facing a 13-count charge bordering on corruption and false asset declaration at the Code of Conduct Tribunal. An offence he allegedly committed when he served as governor between 2003 and 2011.

The politician has denied any wrongdoing and alleged political persecution. Of the 13-count charges filed against the senate president, two are related to the transfer of the $3.47 million.

The statement of the charges leveled against Mr. Saraki, obtained by PrimeTimes reads:

Count 11 states:



“That you, DR. OLUBUKOLA ABUBAKAR SARAKI on or about 25th August, 2008 within the jurisdiction of this Honourable Tribunal, while being a public officer as the Executive Governor of Kwara State did operate a bank account outside Nigeria when you transferred the sum of $73, 223.28 , from your Guaranty Trust Bank Plc domiciliary account No 441441953210 to the American Express Services Europe Limited No: 730580 for onward credit to your American Express Bank, New York card account No:374588216836009 and you thereby committed an offence contrary to paragraph 3 of Part I, Fifth Schedule to the Constitution of the Federal Republic of Nigeria 1999 (as amended) and Section 7 of the Code of Conduct Bureau and Tribunal Act and punishable under paragraph 9 of the said Fifth Schedule to the Constitution of the Federal Republic of Nigeria 1999 (as amended) and section 23 (2) of the Code of Conduct Bureau and Tribunal Act.”

Count 12 states:

“That you, DR. OLUBUKOLA ABUBAKAR SARAKI between August, 2009 and October 2012 within the jurisdiction of this Honourable Tribunal, while being a public officer as the Executive Governor of Kwara State and Senator of the Federal Republic of Nigeria did operate a bank account outside Nigeria when you transferred the aggregate sum of $3, 400, 000.00 (Three Million, Four Hundred Thousand Dollars) from your Guaranty Trust Bank Plc (GTB). domiciliary account No 441441953210 to the American Express Services Europe Limited no: 730580 for onward credit to your American Express Bank, New York card account No:374588216836009 and you thereby committed an offence contrary to paragraph 3 of Part I, Fifth Schedule to the Constitution of the Federal Republic of Nigeria 1999 (as amended) and section 7 of the Code of Conduct Bureau and Tribunal Act and punishable under paragraph 9 of the said Fifth Schedule to the Constitution of the Federal Republic of Nigeria 1999 (as amended) and section 23 (2) of the Code of Conduct Bureau and Tribunal Act.”

Meanwhile a prosecution witness, Michael Wetkas had told CCT that documents related to the transfer were destroyed in a fire accident. During a cross examination by the defense council, Paul Usoro, at the Tribunal last Tuesday, Wetkas said GTB, told investigation team that the transaction documents had been burnt.

Read Also: Bank Documents Shows How Much Saraki Transferred To U.S.

Wetkas stated that there were also police reports and affidavit which they (the GTB) swore to show that some documents were burnt.

Although none of the companies owned by Saraki is being prosecuted, however, by the Nigerian law, no public officials (governors and senators) is allowed to operate a foreign account – a law Mr. Saraki is accused of flouting.

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