EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State - 36HYPE™

EFCC To Arraign Saraki For Diverting N12 Billion From Treasury Kwara State

The Economic and Financial Crimes Commission (EFCC) has begun the process to arraign Bukola Saraki, immediate past President of the Nigerian Senate for allegedly diverting money from the treasury of the Kwara State.


The EFCC is alleging that Saraki illegally withdrew the funds while he was the Governor of the state between 2003 and 2011.

According to the anti-graft agency, Saraki used the said fund to purchase houses and four flats in Lagos from the Presidential Implementation Committee for the Sale of Government Property through shell companies.

The EFCC said Mr. Saraki, through his companies, had taken loans worth N1.36 billion from the Guaranty Trust Bank (GTB) and Intercontinental Bank (now Access Bank) between 2005 and 2006.

In a bid to offset the loan, the anti-graft agency said the ex-governor began to divert N100 million from the coffers of the state monthly.

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