August 1, 2014

Police declare Senator Saraki wanted over N21 billion loan scam

Former governor and current Senator of Kwara State, Bukola Saraki, was on Saturday declared wanted by the Special Fraud Unit of the Nigeria Police Force after a court dismissed bid for a restraining order against law enforcement.

The SFU secured a court order on Friday for the arrest of the former governor over an alleged N21 billion loan scam.

Saraki was initially summoned to face an inquiry in the investigations of the loan scam, but the Senator evaded the subpoena. Police believe the elusive senator illicitly obtained a N21 billion loan from the now defunct Intercontinental Bank Plc through Joy Petroleum, a company said to be owned by his former aide, Matthew Obahor.

The beleaguered senator failed in his attempt to seek a restraining order against the police force that will stop them from taking him into custody. There are unconfirmed reports that he had reportedly gone into hiding following the court’s decision to deny him this sliver of protection.

He has repeatedly proclaimed his innocence, saying the charges have been trumped up by political enemies eager to smear his good name.

According to sources, the increasingly impatient police force is considering the use of force in bringing in the Senator.

“SFU may not hesitate to apply maximum force to bring him (Mr Saraki) in for questioning,” Joy Isinume, the special force’s spokesperson told the Premium Times.

The Vanguard reported that the SFU is looking to bring in the Senator’s wife, Toyin, who is declared wanted over the alleged N4 billion loan fraud. She reportedly collected the loan from Access Bank through her firm, DALTRADE.

A High Court in Lagos issued the warrant for Saraki’s arrest, Commissioner of Police Tunde Ogunshakin confirmed.

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