THE GOVERNMENT’S GRAND FRAUD CALLED ZIMBABWEAN FARMS/INVESTMENT PROJECT IN KWARA STATE 
SIX YEARS ago.

 precisely, in 2004, the GOVERNMENT POLITICAL CABAL embarked on “agricultural revolution” ostensibly to
 make kwara state the food basket of the nation. For the government, the displaced Zimbabwean farmers 
were the magicians for the tendentious agric revolution of their serfdom. The Zimbabwean farmers, having 
been displaced and disposed of their farms and movables, it followed that they were coming to kwara state, 
Nigeria, financially unclothed. But despite the material and financial unclothedness of the imported farmers, the 
SARAKIS characteristically referred to them as ‘INVESTORS’ for whom Kwara state must mortgage the present 
and the future  so as to attract, maintain and  sustain By and under what is now known as 
‘THE COLLABORATIVE AGRICULTURAL AGREEMENT’ the unprecedented perpetual looting, diversion and 
conversion of the resources of kwara state and its poor people began in earnest and in full and unmitigated 
scal. Under ‘THE COLLABORATIVE AGRICULTURAL AGREEMENT’ Kwara State Government was to provide and 
make available to the “god sent” Zimbabwean farmers; 

 1.1000 hectares of land to each of the first set of 
fifteen (15) Zimbabwean farmers.(15,000 Hectares in the first in instance.) 

2. Good road network to the farms  
3. Domestic water supply from a borehole per farm. 
4. Adequate security at the farm house of each farmer,  
5. Electricity supply to all the farms, 
6. Conducive bungalow house of up to 2,500 Sq. ft. complete with requisite amenities such as; 
(i)  200 KVA Generator, 
(ii)  Adequate storage sheds; 
(iii) Fencing of the farmlands; 
7. To secure;  
(i) PIONEER STATUS, 
 (ii) Exemption from tax liabilities, 
(iii) Duty free concession; and  
(iv)  Other exemption for financial advantage; From the appropriate Government Authorities /Agencies; 
8. A LOAN of $250,000 to each farmer by the Kwara State Government 
9. A LOAN of $250,000 to each farmer by a BANK chosen by the farmer with the Kwara State Government as 
the Guarantor; 
10. Procurement of entry Visas, Work and Resident Permits for the farmers and their families and employees.  
LAND ACQUISITION FOR THE ZIMBABWEAN FARMERS BY SARAKIS. In line with the agreement, Sariki forcefully 
took the lands of the people of TSONGA DISTRICT of EDU L.G.A.in the name of acquisition. The attempts by the natives to resist the illegal and unlawful takeover of their lands for transfer to foreigners met brutal oppression the law enforcement agents who were savagely and ruthlessly deployed by SARAKI. In the process some of 
the natives were killed, many maimed or injured and many sent to prison. The acquisition and transfer of the 
natives’ lands to the Zimbabweans was against the LAND USE ACT 1978 which allows Govt to take over lands 
from people only for OVERRIDING PUBLIC INTEREST and FORBIDS Govt  from taking from one person for the purpose of transferring same to another Nigerian talk‐less of foreigners. 

LOANS TO THE ZIMBABWEN FARMERS. The SARAKIS gave the first set of   fifteen of their Zimbabwean 
employees $250,000 USD each and each also obtained $250,000 USD the Intercontinental Bank PLC / 
Guaranty Trust Bank PLC with the Kwara State Govt as the Guanrantor.       Not done,  SARAKI  also used their rubber stamp ,the KWARA STATE HOUSE OF ASSEMBLY , to pass a ‘RESOLUTION’ using the state monthly 
ALLOCATIONS from the Federation Account to guarantee another loan of  N650,000,000.00 obtaied by the 
Zimbabwean farmers in the name of KWA‐ZIMBO ENTERPRISES LTD  from the Nigerian Agricultural Cooperative and Rural Development Bank. NACRDB() KWA‐ZIMBO ENTERPRISES LTD defaulted in the repayment of the 
principal and interest  and when the NACRDB wanted to enforce the IRREVCABLE STANDING PAYMENT 
ORDER (ISPO) given by the Kwara state govt on the state monthly allocations, the Saraki arranged and 
obtained a RE‐FINANCE LOAN from the FIRST BANK PLC in the sum of N650,000,000.00, this time in the name of SHONGA FARM HOLDINGS NIG LTD. Another GRAND FRAUD    A consortium of five banks, at the instance of 
SARAKI arranged a syndicated loan of about N2, 000,000,000.00 for the farmers. The loan is also guaranteed 
by the Kwara state Govt.   Six years after , all the LOANS AND THE ACRUED INTERESTS remained unpaid while 
the impact of the farm project is not felt in either Kwara state r Nigeria. The situation now is that KWARA STATE is now burdened with DEBTS running to about N10, 000,000,000.00 in the name of Zimbabwean farm project. 

   CONVERSION OF THE KWARA STATE FUNDS AND RESOURCES BY SARAKI, 
While by the questionable so called COLLABORATIVE AGREEMENT, each farmer is expected to form and register a COMPANY either alone or in conjunction with ‘interested investors’  what has come out of the project is ‘NEW NIGERIA FARM’   Findings at the COPORATE AFFAIRS COMMISSION (C.A.C.) shows that the company known as 
NEW NIGERIA ENTERPRISES LIMITED is wholly owned by SARAKIS. NEW NIGERIA. ENTERPRISES LTD with 
R.C.NO:10115 was registered on 10th May, 1972 with DR. SOLA SARAKI and FLORENCE MORENIKE,
 (SARAKI’WIFE) as the Subscribers and the Directors   By Sections 36 and 37 of the COMPANIES & ALLIED 
MATTERS ACT, a new business cannot be registered or be allowed to operate in or with a name so close to or 
resembling an existing registere name. ALSO investigations at the CAC revealed that the name NEW NIGERIA 
FARM is not registered.  This therefore, lends credence to the allegation that all the official and banks documents relating to the farm project have been changed to SRAKIS’. The result is that the farm project is the property of SARAKIS with the Zimbabweans as their employees and the Kwara State the EBTOR either as a LENDER OR as a GUARANTOR of various questionable loans,  It is noteworthy that despite billions of Naira hanging on the neck of kwara state, the SARAKIS in the 2010 
Budget allocated close to N1, 000,000,000.00 to the Songa Farm Project of the family. By this singular fraud, 
the Sarakis have mortgaged the future of the generations yet unborn of Kwara state while enriching 
themselves and their family in billions of the people’s resources.

your life is the biggest fraud in nigeria

shut up Mr. man and face reality.

This is in human treatment, oppression and violation of citizen right.

what a fraud

Kwarans have their destiny in their own hands. Fight your battle.

i'm still waiting for evidence of fraud?

the op has zero experience in either farming or management, it seems.

can someone with large scale farming savvy tell us if it's possible to recoup startup costs and pay off loans within 6 years of operation.

Quote

LAND ACQUISITION FOR THE ZIMBABWEAN FARMERS BY SARAKIS. In line with the agreement, Sariki forcefully
took the lands of the people of TSONGA DISTRICT of EDU L.G.A.in the name of acquisition. The attempts by the natives to resist the illegal and unlawful takeover of their lands for transfer to foreigners met brutal oppression the law enforcement agents who were savagely and ruthlessly deployed by SARAKI. In the process some of
the natives were killed, many maimed or injured and many sent to prison. The acquisition and transfer of the
natives’ lands to the Zimbabweans was against the LAND USE ACT 1978 which allows Govt to take over lands
from people only for OVERRIDING PUBLIC INTEREST and FORBIDS Govt  from taking from one person for the purpose of transferring same to another Nigerian talk‐less of foreigners.


CONVERSION OF THE KWARA STATE FUNDS AND RESOURCES BY SARAKI,
While by the questionable so called COLLABORATIVE AGREEMENT, each farmer is expected to form and register a COMPANY either alone or in conjunction with ‘interested investors’  what has come out of the project is ‘NEW NIGERIA FARM’   Findings at the COPORATE AFFAIRS COMMISSION (C.A.C.) shows that the company known as
NEW NIGERIA ENTERPRISES LIMITED is wholly owned by SARAKIS. NEW NIGERIA. ENTERPRISES LTD with
R.C.NO:10115 was registered on 10th May, 1972 with DR. SOLA SARAKI and FLORENCE MORENIKE,
(SARAKI’WIFE) as the Subscribers and the Directors   By Sections 36 and 37 of the COMPANIES & ALLIED
MATTERS ACT, a new business cannot be registered or be allowed to operate in or with a name so close to or
resembling an existing registere name. ALSO investigations at the CAC revealed that the name NEW NIGERIA
FARM is not registered.  This therefore, lends credence to the allegation that all the official and banks documents relating to the farm project have been changed to SRAKIS’. The result is that the farm project is the property of SARAKIS with the Zimbabweans as their employees and the Kwara State the EBTOR either as a LENDER OR as a GUARANTOR of various questionable loans,  It is noteworthy that despite billions of Naira hanging on the neck of kwara state, the SARAKIS in the 2010
Budget allocated close to N1, 000,000,000.00 to the Songa Farm Project of the family. By this singular fraud,
the Sarakis have mortgaged the future of the generations yet unborn of Kwara state while enriching
themselves and their family in billions of the people’s resources.]



can't you see

If our Agricultural Science grads could have access to all this kinda goodies, so many will not have to walk the street of nigeria again.

tpiah:

i'm still waiting for evidence of fraud?

the op has zero experience in either farming or management, it seems.

can someone with large scale farming savvy tell us if it's possible to recoup startup costs and pay off loans within 6 years of operation.

is this the only message you can deduce from the whole thing?

no doubt, one of the biggest fraud have heard in recent time,

   CONVERSION OF THE KWARA STATE FUNDS AND RESOURCES BY SARAKI,
While by the questionable so called COLLABORATIVE AGREEMENT, each farmer is expected to form and register a COMPANY either alone or in conjunction with ‘interested investors’  what has come out of the project is ‘NEW NIGERIA FARM’   Findings at the COPORATE AFFAIRS COMMISSION (C.A.C.) shows that the company known as
NEW NIGERIA ENTERPRISES LIMITED is wholly owned by SARAKIS. NEW NIGERIA. ENTERPRISES LTD with
R.C.NO:10115 was registered on 10th May, 1972 with DR. SOLA SARAKI and FLORENCE MORENIKE,
(SARAKI’WIFE) as the Subscribers and the Directors   By Sections 36 and 37 of the COMPANIES & ALLIED
MATTERS ACT, a new business cannot be registered or be allowed to operate in or with a name so close to or
resembling an existing registere name. ALSO investigations at the CAC revealed that the name NEW NIGERIA
FARM is not registered.  This therefore, lends credence to the allegation that all the official and banks documents relating to the farm project have been changed to SRAKIS’. The result is that the farm project is the property of SARAKIS with the Zimbabweans as their employees and the Kwara State the EBTOR either as a LENDER OR as a GUARANTOR of various questionable loans,  It is noteworthy that despite billions of Naira hanging on the neck of kwara state, the SARAKIS in the 2010
Budget allocated close to N1, 000,000,000.00 to the Songa Farm Project of the family. By this singular fraud,
the Sarakis have mortgaged the future of the generations yet unborn of Kwara state while enriching
themselves and their family in billions of the people’s resources.

Oh my God!!!!
I sincerely pray that this is not true!

Are we still disgracefully trading ourselves to oyibo people? Disgusting if this is true.

huh

OK!! But this deal happened at least over a year ago. Why are you folks waking up today to this as if it is new news? The Farms are being advertised as ACHIEVEMENTS by the government here. I believe about 4000 hectares or so involved by the way.

the petition as been sent severally to the efcc, but they did not investigate it,