Bukola Saraki, former president of the Nigerian Senate, is being held in custody over allegations of theft and money laundering, according to the Economic and Financial Crimes Commission.
Sources familiar with the development say that former Kwara governor Saraki was detained on Saturday, a development that could trigger yet another episode of trouble for the politician.
During Mr Saraki’s tenure as senate president from 2015 to 2019, he faced allegations of corruption and false asset declarations. In June 2018, the Supreme Court acquitted him.
Shauntv understands that in his new case with the EFCC, Mr Saraki is to answer questions about alleged theft and laundering of public funds via a network of cronies and proxy firms.
In the course of executing purported contracts for Kwara State, the accused proxies allegedly made return payments to the former governor, forming an organised network of dirty money.
According to sources, at various times, the funds involved reached hundreds of millions of naira and hundreds of thousands of foreign currencies.
Shauntv learned that anti-graft investigators obtained a list of proxy companies and analysed suspicious transactions between them and Mr Saraki.
It has been reported that one of them paid over a hundred million to settle the rent and renovation of Mr Saraki’s Maitama residence, including over a hundred million for his lifestyle.