Saraki who made the disclosure at plenary said the some cultists were arrested in Kwara State, with statements taken from them, with directives from the Inspector- General of Police, IGP, Ibrahim Idris to transfer the matter to Abuja, with plans for the culprits to implicate and blackmail him.
"The Force therefore wishes to categorically state that, there is no iota of truth in the allegation and false assertion by the Senate President of plot against him by the IGP to implicate the Kwara State Government and the Senate President in any criminal matter".
"I think it is important (we bring) this risky development to your attention, country and the worldwide authority of the impunity we are undergoing in this country and the danger to our democracy".
The information reaching him as he received from the Inspector General of Police, is that they had been directed by the IGP to bring them to Abuja.
"The plan, as the Governor was made to understand is that, under duress, the suspects would be made to alter the statements they already made in Ilorin".
"As we speak now, these suspects are already here in Abuja".
Saraki described the news as an act of desperation and intimidation capable of undermining the Nigerian democracy.
After making the statement, Mr Saraki vacated the seat to enable Deputy Senate President Ike Ekweremadu to preside on the debates.
While some asked that the panel be made up of members of the Senate and House of Representatives, others asked that the leadership of the Senate should rather meet with Buhari to report the matter to him.
"I think it is important, I think this unsafe development, to your attention, country and the global authority of the impunity we are undergoing in this country and the danger to our democracy", he added. I have brought it to your attention and we must continue to play our own role in doing what we believe in the course of our duty.
The delegation would consist of the Senate President, the Senate Leader, Senator Ahmad Lawan; the Chief Whip, Senator Olusola Adeyeye; and the Minority Leader, Senator Godswill Akpabio.
The Police said the statement credited to the Senate President can discourage living victims and deceased families of those who must have been killed by the gang from coming forward to give evidence against them.
Others in the committee are senators Danjuma Goje, Samuel Anyanwu, Raji Rasaki, Aliyu Wammako, Oluremi Tinubu and Abdullahi Adamu.