Officials of the Economic and Financial Crimes 
Commission (EFCC) have formally named Senate President Bukola Saraki, a 
former Managing Director of Heritage Bank, Robert Mbonu, a firm, Melrose
 General Services Limited, the relationship manager to Mr. Saraki, 
Kathleen Erhimu, the deputy Chief of Staff to Senator Saraki, Gbenga 
Peter Makanjuola, as targets of an investigation into the embezzlement 
of as much as N19 billion that accrued as refunds to state governments 
that had made excess payments on loans obtained from international 
lenders, the London and Paris Clubs. 
Also named by the EFCC as players 
in the huge scandal are Kolawole Shittu, the supplier of a controversial
 Range Rover vehicle to Senator Saraki, as well as one Obiora Amobi and 
one Oladapo Joseph Idowu.
In a report forwarded to the Presidency and obtained by 
SaharaReporters, the EFCC wrote, “Mr. Robert Mbonu is alleged to have 
received the sum of N3.5 billion into his company's account (Melrose 
General Services Limited) from the [Nigerian Governors’ Forum] through 
Account 0005892453 domiciled in Access Bank.” The report identified “one
 Kathleen Erhimu [as] the Relationship Manager to Dr. Bukola Saraki's 
account with Access Bank.”
The elaborate EFCC report authenticates a series of reports in which 
SaharaReporters disclosed that Mr. Saraki as well as numerous governors 
colluded to pocket most of the billions of naira in refunds. Mr. Saraki 
had accused SaharaReporters of fabricating the report, claiming that the 
EFCC was not investigating him in relation to the loan refund fraud. 
However, the document forwarded to the Presidency by the EFCC outlined 
Mr. Saraki’s deep involvement in the still unfolding embezzlement saga.
A part of the EFCC document reported that, at a meeting, Senator 
Saraki had “introduced one Joseph Oladapo Idowu and Gbenga Peter 
Makanjuola his deputy chief of staff to [Ms. Erhimu] and Makanjuola 
thereafter introduced Mr. Robert Mbonu to Ms. Kathleen Erhimu.” The EFCC
 told the Presidency that Mr. Mbonu operated corporate accounts for 
Melrose General Services at Access Bank. The accounts, listed as 
 0005892453 and 0005653500, were until December 13, 2016 operated as 
business accounts, according to the EFCC report.
The report further disclosed that Halima Kyari, the head of “Private 
Banking Group” at Access Bank, “stated in a letter dated December 13, 
2016, [that] Mr. Robert Mbonu requested a transfer of Melrose General 
Services Company account from Business Account to a Private Banking 
Group Platform as he was expecting huge funds into the account. We learned that Mr. Mbonu’s move was at the instance of 
Senator Saraki who desired the use of the Melrose General Services 
Company account to warehouse his cut of the funds that came from the 
London-Paris Club refunds.
The EFCC report stated, “Subsequently, on December 14, 2016, the sum 
of N3.5 billion was lodged into Melrose General Services Company account
 number 0005892453 domiciled with Access Bank from the Nigerian 
Governors Forum (NGF).”
According to the anti-corruption agency, Mr. Mbonu subsequently 
introduced Mr. Amobi and Mr. Makanjuola to Access Bank as 
representatives of Melrose General Services Limited. The purpose of the 
introduction, the EFCC found, was to enable the two men to do cash 
withdrawals from the account. The report stated that Mr. Amobi and Mr. 
Makanjuola soon made several cash withdrawals in tranches of N5 million 
and N10 million.
The EFCC report stated that Mr. Mbonu also requested that one Oluyemi
 Braithwaite, the owner of Reinex Bureau de Change, Caddington Capital 
Limited and Westgate Limited, provide dollars in exchange for the 
naira-denominated withdrawals from the erstwhile Melrose account. Mr. 
Mbonu, a front for Senator Saraki, asked Ms. Braithwaite to hand over 
the dollars to one Mr. Gbenga in Abuja.
According to the EFCC, Ms. Oluyemi Braithwaite sought out one Hassan 
Dantani Abubakar, a cousin of former military head of state, Abdulsalam 
Abubakar, to produce the dollars in exchange for the naira provided by 
Mr. Mbonu. Dantani Abubakar’s role in the saga is significant in 
establishing another tie to Senator Saraki. Mr. Abubakar, who operates a
 bureau de change, has had a longstanding relationship with Mr. Saraki. 
In 2015, several members of the senator’s security detail conspired to 
steal N300m that Dantani Abubakar was moving for Mr. Saraki. Most of the
 security operatives, officers of the Department of State Security 
(DSS), were subsequently arrested when it was established that they 
ambushed the illicit funds being transported to the senator. The EFCC 
report stated that Ms. Braithwaite had, over the phone, introduced Mr. 
Mbonu to Mr. Abubakar. In addition to operating a bureau de change 
(BDC), Mr. Abubakar also owns several companies, including Hamma 
Procurement Limited, Ashrab Nigeria Limited and Inspire Solar 
Application.
The EFCC report added that, on December 16, 2016, Melrose paid the 
sum of N246 million into an account, No. 2030756168, held by Mr. 
Abubakar’s company, Hamma Procurement Limited, at First Bank. In return,
 Hamma Procurement released the sum of $500,000 to one Mr. Gbenga in 
Abuja. Mr. Gbenga, an aide to Mr. Saraki, acknowledged receipt of the 
same amount, said the EFCC.
According to the anti-corruption 
agency, “on the 21st December, 2016, Ms. Oluyemi Braithwaite contacted 
Hassan Dantani Abubakar requesting for another transaction of $370,000. 
Melrose General Services Company transferred the sum of N181m to Inspire
 Solar Application. The $370,000 was handed over to one Mr. Dapo in 
Abuja.”
Providing more details of the intricate maneuvers used by Senator 
Saraki to move funds, the EFCC report noted: “That on the January 4th, 
2017, Mbonu through Melrose General Services Company transferred the sum
 of N248, 500,000 to Caddington Capital Limited belonging to Ms. Oluyemi
 Braithwaite who transferred same to Hassan Dantani Abubakar's FCMB 
account, Ashrab Nigeria Limited for the sum of $500,000. The dollar 
equivalent was handed over to Mr. Kolawole Shittu in Abuja an amount 
reportedly used to purchase a bulletproof Range Rover luxury car 
recently seized by the Nigerian Customs.
“That on January 10, 2017, Mr. Robert Mbonu through Melrose General 
Services Company transferred the sum of N99, 820,000 to Caddington 
Capital Limited belonging to Ms. Oluyemi Braithwaite who transferred 
same to Hassan Dantani Abubakar's FCMB Ashrab Nigeria Limited for the 
sum of $200,000. The dollar equivalent was handed over to Peter 
Makanjuola in Abuja.
“That on December 19, 2016 there was a cash withdrawal of the sum of 
N50 million from Melrose General Services account via [a] cheque 
by Gbenga Peter Makanjuola.
“Also, the sum of $1,570,000 was received by the trio of Mr. Gbenga 
Peter Makanjuola, Mr. Kolawole Shittu and Mr. Oladapo Joseph Idowu at 
various times and locations at Abuja FCT.
“That on the December 26, 2016, Mr. Robert Mbonu called Mrs. Kathleen
 Erhimu of Access Bank requesting her to source for a customer that 
would have the sum of $500,000 in exchange for the Naira equivalent. She
 introduced Mr. Robert Mbonu to Acarast Commercial Limited and Capital 
Field Investment to help him source for dollars.
“That on the 21st December, 2016, GCA Energy Limited paid the sum of 
$25,000 to Asterio Energy Services Limited which subsequently 
transferred the sum of $23,200 to Cactus Communication Limited account 
with Access Bank.
“The MD of Sought-After International Synergy Limited, Julius 
Okedele, stated that Mr. Kelechi Edomobi of Acarast Commercial 
Enterprises, contacted him and requested to purchase dollars after the 
transfer of N73,950,000 to Sought-After International Synergy Limited. 
Mr. Edomobi gave him the account number of Cactus Communication Limited 
[at] Access Bank as the nominated account to receive the dollar 
equivalent of the sum of $149,000.
The EFCC remarked that their investigation revealed that Cactus 
Communication Limited “is owned and operated by Joseph Oladapo Idowu, an
 aide to Bukola Saraki.” The agency further reported “Mr. Kelechi 
Edomobi also transferred the sum of N1m on January 15, 2017 to Joseph 
Oladapo Idowu's personal account number 0001679877 with Access Bank Plc.
“That Asterio Energy Services Limited on 21st and 22nd December, 2016
 transferred $100,000 and $85,000 to Bhaskar Devji Jewelers LLC in Dubai
 respectively,” noting that this was “the same company that Dr. Bukola 
Saraki repeatedly made transfers to from his Black Card Account.”
According to the EFCC, “Cactus Communication Limited on December 30, 
2016 paid the sum of $59,660.67 to Bhaskar Devji Jewelers LLC in Dubai.”
 In addition, the agency’s report disclosed that Asterio Energy Services
 Limited had transferred $46,000, $39,000 and $37,620 respectively to 
Cactus Communication Limited on January 20, 30 and 31, 2017.
“Based on the foregoing findings, it is clear that Robert Mbonu, the 
Managing Director of Melrose General Services Company, and his company 
were used to help divert proceeds of unlawful activities under the guise
 of payment for contractual obligations with the Nigerian Governors 
Forum (NGF),” the EFCC wrote in the report to the Presidency. The 
agency’s report added “all payments received by Melrose General Services
 Company from the NGF have hitherto been diverted directly via cash 
withdrawals and indirectly through transfers by Gbenga Peter Makanjuola,
 Kolawole Shittu and Oladapo Joseph Idowu who are principal aides of the
 Senate President.
“Furthermore, other payments from Melrose General Services Company 
[have] also been linked to companies that Dr. Bukola Saraki has interest
 in and [carries] out transactions with. This includes the sum of 
$183,000 which was transferred to Bhaskar Devji Jewelers, Dubai, a 
company Dr. Bukola Saraki had repeatedly made payments to.”
Added the EFCC: “Also, the sum of N200 million was transferred to 
Wasp Networks Limited that subsequently transferred the sum of N170 
million to Xtract Energy Services Limited, a company that routinely made
 deposits into Dr. Bukola 's Access Bank United States Domiciliary 
Account.”
In its conclusion, the EFCC stated that a “prima facie case of 
conspiracy to retain the proceeds of unlawful activities and money 
laundering contrary to Sections 15(3) and 18(9) of the Money Laundering 
Prohibition Act 2004 can be established against the aforementioned 
suspects.” It added that its operatives were investigating the personal 
accounts of the suspects, including Mr. Saraki.