N9 Billion Loan Fraud: Bukola Saraki Lobbies CBN Ag Gov., Alade, Emefiele!

Senator Bukola Saraki

There are strong indications that the last has not been heard about the N8.115 Billion Intercontinental Bank loan obtained by Senator Bukola Saraki, but fraudulently written off by the Ex CEO, Mahmoud Alabi. According to another rogue banker and former Intercontinental Bank boss, Erastus Akingbola, in a petition to President Goodluck Jonathan, “He (Alabi) also wrote off loans totaling N32bn to friends of Dr. Saraki and Mallam Sanusi. All this, in a bank that they were meant to be rescuing. “All these written-off loans had been classified as ‘good’ and ‘performing’ by the CBN examiners, and had been secured with properties in Ikoyi (Lagos) Victoria Island (Lagos) and Abuja.”

According to Pointblanknews.com, sources hinted that Saraki has stepped up the lobbying of the Acting CBN Governor, Serah Alade, incoming Governor, Godwin Emefiele, and some top officials of the apex bank. The move, it was gathered, is to ensure he is given soft landing, spared prosecution and possible jail time over the financial crime. Alabi who is currently in custody, was a lackey and staff of Saraki’s family Tsonga Farm Limited, the report said.

This is a big problem for Saraki. He has been trying to reach out to the Acting Governor , some other top officials, and even sent emissaries to the new man (Emefiele). The truth is, since the matter has reached SFU and EFCC, it becomes difficult to ‘settle’. His plan is to ask for soft landing, agree to a payment plan but as it is now, it is a financial crime, and his man Alabi is talking. Don’t forget he has
the issue of the collapse of Societe Generale bank with the EFCC as well” the source concluded.