Court orders forfeiture of Saraki's Ikoyi property

Date: 2019-10-21

The Lagos Division of the Federal High Court on Monday has ordered the temporary forfeiture of two properties located in the Ikoyi area of Lagos State and belonging to the immediate past senate president, Bukola Saraki, to the Federal Government.

Mohammed Liman, the judge, who ordered the temporary forfeiture on Monday, also gave 14 days for anyone with an interest in the properties to show cause.

According to a statement by the anti-corruption agency, EFCC, the properties are located at No. 17A McDonald Road, Ikoyi, Eti Osa Local Government Area of Lagos.

The EFCC said the forfeiture followed an ex parte application filed by its counsel, Nnaemeka Omewa, that the properties were acquired through proceeds of unlawful activities.

The Commission also alleged in a supporting affidavit that Mr Saraki, who served two terms as Kwara State Governor between 2003 and 2011, “withdrew over N12 billion cash from the account of the Kwara State Government and paid same into his accounts domiciled in Access and Zenith Banks through one of his personal assistants, Abdul Adama, at different intervals.”

The EFCC lawyer, Mr Omewa, said the court was empowered to order the temporary forfeiture of the landed asset to the Federal Government.

Delivering ruling on the application, Justice Liman ordered the interim forfeiture of the two properties.

He also instructed that the EFCC should publish the order in a national newspaper.

After ordering the temporary forfeiture of the properties, the judge gave 14 days for anyone with an interest in the properties to show cause why they should not be finally forfeited to the Federal Government.

The EFCC had in May marked the houses traced to the former Senate president for an alleged case of conspiracy, abuse of office, misappropriation of public funds, theft, and money-laundering.

The agency’s probe of Mr Saraki, however, started when it wrote the Kwara State Government demanding a breakdown of Mr Saraki’s income, as well as his entitlements as governor of the state.

The houses had been the subject of Mr Saraki’s arraignment at the Code of Conduct Tribunal (CCT), which acquitted him in 2017.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Mujtabah Bature     Woro     Yahaya Oloriegbe     Millennium Development Goals     Abubakar Olusola Saraki     Shero     Raji Ayodele Kamaldeen     Ohoro Of Shao     Hamid Bobboyi     Revenue Court     Salman Suleiman     Buhari     Ali Ahmad     Lawyers Unite Against Corruption     Oniye     Hakeem Idris     Yusuf Zulu-Gambari     Bashir Badawi     Jebba     MalHub     Yahaya Abdulkareem Babaita     Standard Organization Of Nigeria     Obayomi Azeez     Okin Biscuit     Tinubu     Sa\'adatu Modibbo-Kawu     Yahaya A Paniyaro     CACOVID     Bolaji Abdullahi     Abubakar Bature Sulu-Gambari     Abdullahi AbdulMajeed     KWASSIP     Haashim Initiative For Community Advancement     Dan Masanin     Odo-Owa     Bola Olukoju     Okin Malt     Kaiama     TESCOM 2025     Suleiman Idris     HICA     Suleiman Mora Omar     Dunmade     Katibi Ibraheem Adeola     Maryam Ado Bayero     Just Law Forum     Jamiu Oyawoye     Shettima     Shola Odetundun     Valsolar-Kwara Company Limited     Alfa Modibo Belgore     Abdulfatai Ahmed     Solomon Edojah     Pakata Patriots     Rebecca Olanrewaju     Mohammed Ajia Ibrahim     Muyiwa Oladipo Kanu     Ojuekun     Durosinlohun Kawu     Ayoade Akinnibosun     Ishaq Abdulkarim     Saka Onimago     Oke-Oyi     Joseph Daudu     Adegoke Bamidele     Kola Olota     Kwara State Internal Revenue Service     Valsolar     Igosun     Kolawole Bashirat     Elerinjare-Ibobo     Valsolar Consultoria     National Union Of Road Transport Workers     Offa Descendants Union     Ishola Abdullahi     Bank Of Industry     Saliu Ajia    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Gaa Olobi     Saadu Alanamu     AbdulRasaq Abdulmajeed Alaro     Yomi Ogunsola     UNILORIN Alumni     Ajeigbe     Kazeem Adekanye     Al-Ilory     Yusuf Abdulwahab     Oyedun Juliana Funke     Kwabes     Adamu Ibrahim Sabi     Ariyo     JAAC     Ajibola Saliu Ajia     Wakilin Mata Lafiagi     Funmi Salau     Umar Gunu     Sodiya     Share/Tsaragi     Vasolar Consortium     Afonja     Lanre Olosunde     Inside Kwara     Ado Bayero     Olatunji Moronfoye     Abubakar Baba     ER-KANG Mining Nigeria Company Limited     Muhammed Danjuma     Mohammed Tunde-Jimoh     Kwara North     Samari     Ahmed Saidu Rufai     Ayodele Kuburat Olaosebikan     Balogun Gambari     Trader Moni     Yahaya Jibril Usman     Fatai Garuba Labaka     Association Of Kwara State Online Media Practitioners     Mohammed Alabi Lawal     Maryam Nurudeen     ASUU     Alfa Yahaya Road     Kwara State Government     Mufutau Olatinwo     Ileloke     Curfew     Bankole Omishore     Saidu Yaro Musa     Makama     Tafida Of Kaiama     IHS Towers     Akorede     Bolakale Kawu Agaka     CCEPE     Olukotun Of Ikotun     Idi-Ape     Omupo     Abdulrazaq Akorede     Yakubu Gobir     Maigida Soludero Transit     Kolawole Akande     Amos Justus Sayo     Abdulraheem Yusuf     Shururat Olatinwo     Olokoba Sulyman     National Broadcasting Commission     Alapansapa     Orisa Bridge     Suleiman Ajadi     Olatunde Jare     Ademola Kiyesola     First Lady     Oloyede     Royal FM     Lawyers Unite Against Corruption     Yakub Lai Gobir