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Bukola Saraki: N19bn Paris Club scam is Magu’s revenge plan

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Bukola Saraki: N19bn Paris Club scam is Magu's revenge plan

Bukola Saraki: N19bn Paris Club scam is Magu’s revenge plan

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Bukola Saraki: N19bn Paris Club scam is Magu’s revenge plan

Bukola Saraki: N19bn Paris Club scam is Magu’s revenge plan

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The Nigerian Senate’s President Bukola Saraki has denied allegations made by the EFCC in a report to President Muhammadu Buhari over alleged diversion of N19bn of the N522bn Paris Club refund.

The money was meant for payment of workers’ salary by state governments.

Photo caption: Senate president Saraki (left) believes Magu (top right) is using the report to President Buhari (bottom right) to revenge on the Senate after failing confirmation hearing.

Saraki reacted to reports that emerged early on Monday, March 27 that he and his aides had been indicted in preliminary case of money laundering that involved the said funds.

In a statement by his spokesperson, Yusuph Olaniyonu, Saraki’s camp said Magu orchestrated the report.

It also wondered why it was indicting Saraki now after the failed confirmation hearing when it had initially cleared him of any wrongdoing.

The statement read: “Our attention has been drawn to the circulation of a report in the media said to have been leaked by the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu where he made several allegations against Senate President Dr. Bukola Saraki, as it concerns the payment of the Paris Club Fund refund to the Nigerian Governors Forum (NGF).

“Let us first state that these allegations are not new. The EFCC had from the outset of its investigation into the Paris Club refund made attempts to drag in the name of Dr. Saraki and we have promptly denied any such involvement of the Senate President.

“In fact, the EFCC itself came out to deny the report as it then said it had nothing to indict the Senate President. The anti-graft agency said the investigation was still on-going then. Yet, as at that time it had all these information it is now dishing out.

“It is obvious that at this point when Mr. Magu believes the Senate President should be blamed for his failure to secure confirmation as Chairman of EFCC by the Senate, he would want to fight back by cooking up reports and masterminding its leakage.

“We maintain our stand that Dr. Saraki has no direct or indirect link to the distribution of the NGF money. No money from the Paris Club refund was paid to Dr. Saraki.

“In addressing the specifics of the allegation in the reports, as we gathered from the press, EFCC believe that since the Senate President has worked in the same organisation with Mr. Robert Mbonu before, whatever transaction he is involved in should be linked to the Senate President in this era of mudslinging and muchraking.

“We would like to say that Mr. Mbonu is not representing Mr. Saraki in any transaction he does with the NGF and no money from his company, Melrose, in his dealing with Nigeria Governors Forum came to Dr. Saraki either directly or indirectly. And if the EFCC has any information to the contrary, we challenge them to make it public.

“We state categorically that no aide of the Senate President acted on Saraki’s behalf in whatever they do with Mr. Mbonu.


“Again, If Melrose paid any money to a jeweller or any shop, that has nothing to do with the Senate President. We believe Melrose must have the necessary documentation in support of their transaction and we are sure the EFCC is aware of all these.

“In the same vein, if Melrose chose to invest in another company, that decision has nothing to do with the Senate President and the act of drawing a link between Mbonu and Saraki can at best be only pure mischief.

“At this point, it should be noted that Xtract Energy Services Limited is a well known foreign exchange dealer with almost 15 years of existence in the market and the company is widely known to do business with many organisations in the country.

“The last time the Senate President patronised the company was on December 19, 2014 and we challenge Mr. Magu and the EFCC to prove that the Senate President transacted any form of business with the foreign exchange dealer in the period of the payment of the Paris Club refund.

“We call on members of the public to view this concocted and leaked report as Mr. Magu’s form of fighting back. The report has no truth in it. It should be noted that the Senate President was not behind Magu’s failure to get confirmation from the Senate.

“That was democracy in action. Dr. Saraki is merely a presiding officer and first among equals. Dr. Saraki did not in any way interfere with the confirmation process.”

In a previous post by NAIJ.com, EFCC denied that it has found senate president Bukola Saraki and a host of state governors guilty of allegedly pocketing billions of naira in Paris club loan refund.

In a statement released on Monday, February 13, the EFCC said not only was the story against Saraki and the governors untrue, also false were allegations that officials of the agency were trying to cover up the indictments.

Source: Naij.com

 Bukola Saraki: N19bn Paris Club scam is Magu's revenge plan

Dare Gbadebo
www.naijaonlinetv.co.uk

Author: Dare Gbadebo is the publisher with the trademark darebaba.net is a versatile writer who had his media training based on photography at PEFTI film institute and has written for many top media houses in Nigeria. Stay tuned for your favourite celebrity news political updates and paparazzi. Darebaba on social media Facebook | Instagram | Google+

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