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Dismiss False Assets Declaration Charges Against Me – Saraki Told Tribunal

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….Tribunal Reserves Ruling

 By Time Nigeria

The Senate President, Dr. Abubakar Bukola Saraki pointedly told the Code of Conduct Tribunal (CCT) to dismiss the false assets declaration charges brought against him at the Code of Conduct Tribunal in Abuja by the Federal Government on the ground that no prima facie case has been established against him.

 

He told the Tribunal that from the 18-count charges and the totality of evidence adduced by the government witnesses, he had not been linked in any way with the allegations against him.

In his no-case submission argued by his counsel, Mr. Kanu Agabi (SAN), Saraki said that the prosecution failed to establish the charges against him and as such there was no need for him to be ordered to enter defence by the Tribunal in respect of the charges.

He said that the charges against him were predicated on petitions and that throughout the prosecution’s case, the reports of investigation on the petitions were never made available to the Tribunal for verification.

Saraki’s counsel pleaded with the tribunal to painstakingly read all the petitions so as to be able to establish that the petitions have nothing to do with the Senate President.

 

Apart from the fact that the reports on the investigation on the petitions were not made available to the tribunal by the Federal Government, the counsel submitted that none of the petitioners was invited as witness in the charges against the defendant.

 

Agabi specifically informed the tribunal that he made a no case submission for his client because the charges against him were founded on faceless petitions and pleaded with the Tribunal to dismiss the charges so as discourage writers of faceless petitions.

 

The senior lawyer also drew the attention of the tribunal to counts 1, 2, 6, 9, 10, 11, 12, 13, 14 and 16, adding that in the counts Saraki was charged with false declaration of assets by making no declaration of assets.

 

Agabi insisted that the charges were full of anomalies and also inconsistencies adding that false declaration by refusal to declare is unknown to law.

 

He maintained that Saraki declared his assets as required by law and that no one can make declaration that the statement of a public officer is false unless such a person is authorized by law to do so.

 

Throughout the prosecution’s case against Saraki, Agabi a former Attorney General of the Federation (AGF) and Minister of Justice said that nobody was mentioned as having declared the assets declared by Saraki in his assets declaration forms as false.

 

Agabi specifically referred the tribunal to the evidence of Mr. Samuel Madojemu, the Head of Investigation and Intelligence Unit of the Code of Conduct Bureau (CCB) and his affidavit evidence adding that throughout his testimony, he based his evidence on hearsay from the Economic and Financial Crimes Commission (EFCC), adding that witnesses ought to be called to prove the case were no called.

 

The senior lawyer therefore urged the tribunal headed by Hon Danladi Yakubu Umar to decide the no case submission on justice and not on sentiments from the prosecution.

 

However, in his opposition to the no case submission, counsel to the Federal Government, Mr. Rotimi Jacobs (SAN) insisted that serious prima facie case has been established to warrant the defendant to be called upon by the Tribunal to enter his defence in the charges against him.

 

He drew the attention of the Tribunal to some assets forms of the defendant, adding that investigations established false declaration of assets.

 

Rotimi told the Tribunal that discharging the defendant at a no case point level will defeat the fight against corruption and purpose of the Code of Conduct Tribunal.

 

He maintained that name of the defendant was mentioned in the petitions and that even, without that, a person can still be prosecuted without any petition against him.

 

The prosecution counsel urged the Tribunal not to form opinion, evaluate evidence or make observations on the facts at this level and urged the Tribunal to hold that a prima facie case had been effectively established against the defendant.

 

The Tribunal chairman, Hon. Danladi Yakubu Umar, after taking arguments from both sides announced that he will sit down with his colleague on the panel to decide on the no case arguments and that a date for ruling will be communicated to the lawyers when the ruling is ready.

 

It would be recalled that  the Federal Government had in September 2015 slammed charges of false declaration of assets on Saraki while the charges were amended three times in the cause of the trial.

 

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
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Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. 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The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
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