Officers of Economic and Financial Crime Commission (EFCC) have reportedly arrested Bukola Saraki, the immediate past President of Nigerian Senate over alleged theft and laundering of public funds.
According to Premium Times, Saraki allegedly perpetrated the crime as Governor of Kwara state, using a network of cronies and proxy companies under the guise of executing contracts for the state.
Saraki, a former Kwara State governor, was detained on Saturday, sources familiar with the development told the publication.
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As senate president between 2015 and 2019, Saraki 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, 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 Saraki, allegedly made returns, for many years, to the former governor, forming an organised a network of 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 Saraki, the publication reports.
