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Fuel Subsidy: Cabals Behind Saraki’s Ordeal

24 Apr 2012

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Senator Bukola Saraki

By  Chuks Okocha      

The Conference of Nigerian Political Parties (CNPP) and the National Conscience Party (NCP) Monday explained that former Kwara State Governor, Senator Bukola Saraki, was being hoodwinked because of his role in exposing the illegal affairs of some oil companies in the ongoing fuel subsidy investigation which ‘indicted’ the cabals.

National Secretary of NCP, Tanko Yunussa,  and a Secretariat Executive of Save Nigeria Group (SNG) told journalists  in Abuja, that the fuel subsidy cabal, may have declared war on the former governor using anti-corruption agencies to want to “sink” Saraki for moving a motion which led to the discovery of how subsidy money was stolen.

Yunusa condemned what he described as the politicisation of the fuel subsidy probe and the victimisation of those who have shown will and commitment in fighting corruption.

“This signal being sent by the Federal Government and its agencies is a clear demonstration that the war against corruption is going nowhere. It is high time we pursue interest for our collective good instead of political vendetta which has completely robbed the nation of true statesmanship like the frank posture of Senator Abubakar Bukola Saraki and his fearless colleagues in both chambers of the National Assembly.

On its part, CNPP Secretary General, Chief Willy Ezugwu, said: “The fallout of the motion is the hounding and antagonising of Senator Saraki, by detractors

who are beneficiaries of the sleaze embedded in the subsidy administration.”

These characters have moved to resurrect a matter that was earlier settled in the appropriate manner by bringing out one company out of 17 and using its transactions to persecute Senator Saraki.
“It is shameful that the hunted is now the hunter, it is only in Nigeria that members of the subsidy cabal can still raise their heads high and even be bold enough to start hunting the man who exposed their evil for Nigerians to see,” Ezugwu said.

“We call on the Federal Government and its agencies in the anti-corruption crusade to concentrate their energies and attention on how best to fight corruption which is a cankerworm that has eaten deeply into the fabrics of our socio-economic and political development as a nation to demonstrate the seriousness of government to the poor masses rather than politicising every attempt or contribution by stakeholders to move the nation forward. History has it that it is only when evil men are exposed and punished that a society assumes its pride in history and not when wrongs are swept under the carpet because perpetuators are connected to the powers that be in the society.”

Saraki had moved a motion to investigate the current fuel subsidy management and consider the challenges it poses to the implementation of the 2011 budget.

However, the Special Fraud Unit (SFU) of the Nigeria Police Force (NPF) recently questioned Saraki over N8.5 billion loan granted by the defunct Intercontinental Bank Plc to some companies he is alleged to be a shareholder prompting fears in his camp that his motion has made him new enemies.

A leader of thought in Kwara State, Alhaji Shuaibu Adamu, also lamented that Nigeria has lost moral value. Adamu, who is a former local government chairman in 1996, urged President Goodluck Jonathan to speak up for the Senator.

“Saraki should even be given an award for daring to speak up where others have allowed corruption to have a free reign in the land.

”President of Coalition of Civil Society Organisations for Transparency in Governance, Comrade Ibrahim Alih said “The Nigerian people are greatly alarmed by recent stories reaching us that the Nigerian Police Force has invited Senator Abubakar Bukola Saraki to appear before it. This very quick invitation of the Police Special Fraud Unit at a time that government should be battling with the implementation of the House Of Representatives Committee reports leaves the people with more questions than answers.”

Tags: Politics, Nigeria, Featured, Fuel Subsidy, Cabals, SARAKI

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  • Shame on Nigerians. A country where fraud is being celebrated.

    From: Odejimi

    Posted: 2 years ago

    Flag as inappropriate

  • Why are we shielding Saraki? Akingbola has written long ago that it was Saraki and Sanusi who make sure Intercontinental sinkdown. How come Alabi former Managing Director of Saraki Farm suddenly write off N9B loan owed by Saraki to Intercontinental Bank? Pls let him tell Nigerians the truth, Subsidy motion or not, I have been praying for this day. If Akingbola's offence was his refusal to merge with Societe Generale reasons why Saraki make sure Soludo term was not renew by Yar Adua, hence he brought in Sanusi to do his bidding of making sure Intercontinental Bank sinks, then Saraki should tell us what he did with the N9B loan he collected from intercontinental Bank and whether he has paid back the money period.

    From: Roger

    Posted: 2 years ago

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  • I applaud Sen. Saraki for his courage but let us exhume sentiments in our dealings.He who wants equity they say should come with clean hands.Saraki could be one of the later day saints! but the past will always hunt.

    From: chidi abel

    Posted: 2 years ago

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  • if it will take a thief to expose a thief, who cares what we want is our money.have u ever pondered the kind of amounts that are being mentioned in all these probes

    From: u.i.n

    Posted: 2 years ago

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  • is very unfortunate we live a country where the urgly is d handsome with alot of honour while d handsome become unjustly d urgly what a shame, i always ask dis question when will d common man call dis country a better place to live fear God our leaders judgement day await u

    From: kabir

    Posted: 2 years ago

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  • is very unfortunate we live a country where the urgly is d handsome with alot of honour while d handsome become unjustly d urgly what a shame, i always ask dis question when will d common man call dis country a better place to live fear God our leaders judgement day await u

    From: kabir

    Posted: 2 years ago

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  • Nigerian.... be reasonable. Bukola Saraki is a Nigerian. If the laws makes it possible for him to answer to Intercontinental bank loan, what is wrong with that? If he stood as guarantor, why not? The money that lost in the bank is owned by Nigerian people who are of equal importance as Bukola Saraki. If the bank is shut down today, Nigerians will loose their jobs. To go and answer to invitation dose not make him a prisoner. Afterall, he was not the managing directors of the companies even if he guaranteed the loans. In event of closure, the companies should have assets to sell and pay back.

    If President Jonathan speaks in favour of Saraki, these same people will turn around and accuse the President of defending his party members on corruption matters. SEE HYPOCRISY!

    From: Joseph Ubiagba

    Posted: 2 years ago

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  • why wil d ex chairman want GeJ speak for someone dat is corrupted before?cabals new he has done somtin bad bfor dat y dey want to capitalise on dat.he himself is not clean and i believe he wil soon b expose and prosecuted.

    From: dayo abeyjide

    Posted: 2 years ago

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  • What a hell are you people talking about? Its obvious that Mahmud Alabi that act as interim MD of intercontinental is a right hand man of Saraki, so you cant rule out the deal between them. Why is our memory so short in this country? Is Saraki a saint? What happened to people's money in Society General's bank being headed by Saraki in those days. The fact that he started the issue of Oil subsidy never meant he is better. He is a rogue too. If he knows about the fraud, he should pay for it.

    From: Kola Mogaji

    Posted: 2 years ago

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  • Somebody should tell these people fighting for Bukola Saraki, it because of his anti corruption stand is been question, the question dis he take a loan or not and did Alabi cancelled debt or not, then why are we make noise where there is case, simple truth isSaraki has case to answer.

    From: Igboman

    Posted: 2 years ago

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  • That is the way it works in Nigeria. The thieves are always in control of the government and disallow any meaningful challenges to the characters.

    From: Ade

    Posted: 2 years ago

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  • This is disastrous for Nigeria. Saraki is PDP and for the first time am I seeing CNPP supporting individual than principle. Who care Bukola raise a motion when issue at stake is entirely different. I think Balarabe Musa, SNG and comrades have made a strategic blunder here. Prosecute who ever that is is involve. May God has accepted prayers of the masses where the In-House fighting will consume all of them. Afterall is Bukola not member of the cabal? This is just the beginning.....

    From: Abubakar2

    Posted: 2 years ago

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  • Saraki's role in moving the motion that led to the setting up of the House committee to probe the fuel subsidy was very patriotic and highly recommendable. This probe has made the Nigerian public to appreciate the stealing that has been going on in this country by our elites, while the ordinary Nigerian that was supposed to benefit from subsidised keroene and subsidised petrol continued suffering. The subsidised products were fully paid for by government, while some importers did not import them at all, or if they did, they diverted them for sale in other West African countries.

    It is this same reason of fraud and Nigerians not getting the benefit of the subsidy over the years (not just starting in the year 2010) that made the Federal Government to remove the subsidy. This same cabal you are writing about sponsored a one week long protest against the subsidy removal. Can you now see who was behind the protest and why it was so sustained. CNPP and CNP supported this protest. They did so without thinking about the reason why the Federal Govt removed the subsidy, that is, defrauding of the Nigerians by this cabal!

    It just seems that some goups and parties are out to not see anything good in the government of the day. If Saraki has a case he should answer somewhere in the country, should he not be told to do so, because he exposed the fuel subsidy cabals? The Intercontinental Bank case did not start in Jonathan's tenure. Every action of the anticurruption agencies are not cleared on the table of Mr president. The case is on going and witnesses will be called to throw light into any aspect of the case. How would CNPP and CNP fight curuption if they are there on the seat of government? Give credit to people where credit can be given. If you cannot recognise anything good you cannot produce what is good yourself. Tell Nigerians how you will handle this particular case.

    From: vincent

    Posted: 2 years ago

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  • I believe your news medium is been used as a propaganda weapon in favor of sahaki and PdP lead government. In a corrupt come country like ours,even a blind man knows how corrupt Mr saraki is and how they mortgage people's life's saving in society general bank.I will urge your news medium to report the truth and like let people make up their mind.

    From: osh

    Posted: 2 years ago

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