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Senate President, Bukola Saraki’s Assets Exposed

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sarakiThe total wealth in cash and other assets, that Nigeria’s Senate President Bukola Saraki decided to declare in his assets declaration forms was 2.607 billion naira (2,607,110,550 naira), 23.7 million US dollars (23,783,333), 7.4 million Pounds Sterling (7,406,500 Pounds Sterling), and 2.6 million Euros (2,600,000 Euros).


Saraki declared his assets in 2003 when he became governor of Kwara State.

The grand total of Bukola Saraki’s wealth, as of 2003, is 10.2 billion naira (10,209,270,295 naira).

The assets declaration forms revealed that Mr. Saraki and his companies had stockholdings worth 2,145,550 naira, 2,600,00 Euros, and 6,108,33 US dollars. 

The documents also reveal that Mr. Saraki’s wife, Toyin, and their two children, owned assets that were inexplicable and highly suspicious. The forms showed that the assets held by Mrs. Saraki and the senator’s two children included cash, property, and stock holdings valued at more than N8 million, 4.5 million pounds sterling, and $4.6 million. 

Here is the breakdown of his properties are N120 million and $224 million incomes as annual rent from his landed properties in Nigeria and London.

BUKOLA SARAKI’S ASSETS as at 10 October 2012

Plot 212 Musa Yar’Adua Street, Victoria Island, N700 million.

Others are a plot of land on Lekki Phase (block 72), N7 million;

Ibafo near Ajah, N5 million;

Buildings on number 42 Gerrard Road, Ikoyi, N750 million;

19 Roxton Road, Ikoyi, N500 million;

62 Awolowo Road, Ikoyi, N100 million;

15A & B MacDonald, Ikoyi, N160 million

6 Vulga Street, Maitama, Abuja, N60 million.


123A, Ashley Gardens, Thirleby Road, London, valued at $750,000. (N120 Million Naira)

56 Cheyne Court, SW 3, London, $900,000; (N144 Million Naira)

54 Ashley Gardens, Ambrasden Avenue, London, $2.5 million; (N400 Million Naira)

141 Ashley Gardens, Thirleby Road, London, $600,000; (N96 Million Naira)

Nell Gwynn House, Sleave Avenue, London, $400,000; (N64 Million Naira)

Ormond House, Ormond Street, S/London, $400,000; (N64 Million Naira)

53 Ashley Gardens, Ambrasden Avenue, London, $2.5 million, (N400 Million Naira)

70 Bourne Street, S/W London, valued at $4.8 million. (N768 Million Naira)


Mercedes S320, N16 million;

Mercedes S500, N20 million;

Mercedes G500, N18 million;

Mercedes V220, N6 million

Mercedes 300E, N2 million.

Mercedes ML 240, N8.5 million;

Mercedes CLK 320, N9 million;

Mercedes E320, N11 million;

Mercedes G500 bullet-proof, N45 million

Mercedes S500 bullet-proof, N30 million.

Ferrari 456 GT N25 million;

Navigator, N15 million;

Peugeot 406, N2 million,

Lexus Jeep bullet-proof, N30 million

Lincoln Navigator bullet-proof, N25 million.



Societe Generale; N11 million

Ecobank, Broad Street, Lagos, N350, 000;

Citizens Bank, Broad Street, Lagos, N390, 000;

Citizens Bank, Broad Street, Lagos, N600,000;

Ecobank Nigeria plc, Broad Street, N10.3 million,

Guaranty Trust Bank, Adeyemo Alakija Street, Lagos, N2.9 million.

Societe Generale Bank, Oke Arin Street, Lagos, N23 million

Guaranty Trust Bank, Adeyemo Alakija Street, Lagos.


Coutts & C, 440 Strand, London, £905,000; (N235.3 Million Naira)

Northern Trust International Banking Corporation, Merrillynch Piece Fender, $400,000 (N64

Million Naira)

Fortis Bank, Camoile Street, London, £2 million. (N520 Million Naira)


His four children Tosin, Seni, Teniola and Teniayo, are worth N741.89 million in cash,


Toyin Saraki, had a net asset of N1.49 billion as at 29 May 2003.

Saraki charged with false asset declaration 

Recall that the Code of Conduct Bureau has filed a 13-count charge against the Senate President, Bukola Saraki, at the Code of Conduct Tribunal. Saraki is said to have made false declaration of his assets. The trial of the senate president began on Friday [today] in Abuja.

The Deputy Director in the office of the Attorney-General of the Federation, M.S.Hassan, filed the charges against Saraki on September 11.

The charges against Saraki include false declaration of assets, alleged acquisition of assets beyond his legitimate earnings and keeping foreign accounts while holding public office first as Kwara State governor in 2003 and later as a senator.

“That you, Dr. Bukola Saraki, whilst being the governor of Kwara State on or about 16th September, 2003 within the jurisdiction of this honourable tribunal did make a false declaration in the asset declaration form for public officers on assumption of office as Governor of Kwara State by an anticipatory asset declaration,” the charge sheet read in part.

The Senate president was said to have claimed to have ownership of a property on N0. 15A and 15 McDonald, Ikoyi, Lagos, said to have been acquired through his company, Carlisie Properties Limited, in 2000.

Reacting to the charges in Abuja, on Wednesday, Saraki described them as frivolous.

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