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.

Olushola Saraki     Seun Bolaji     Omoniyi     Gbenga Olawepo     Shao     Raliat Islamic Foundation     Oba David Oyerinola Adedunmoye     Tanke     Igosun     Yoonus Lawal     Micheal Imodu-Ganmo Road     Femi Gbajabiamila     Gafaru Olayiwola Olorisade     Sarafadeen Kayode Akorede     Salake     Olupako     Olateju Lukman     Monkey Pox     Sam Okaula     Razaq Atunwa     HAMFAT Clinic And Maternity     UNILORIN Alumni     Oniye     Senior Ibrahim Suleiman     JSSCE     Isaac Aderemi Kolawole     Kwara State Infrastructure Development Fund     Ile Arugbo     Shuaibu Yaman Abdullahi     ITP     Laduba     Ojo Fadumila     Alanamu     Old Oyo     Tsaragi     Toyin Sanusi     Abdulrazaq Sanni     Riskat Opakunle     Law School Scholarship     Saad Omo\'ya     Omupo     Babaita     Emir Of Yashikira     Osinbajo     Oniwa     Kpotum Mohammed Baba     Al-Hikmah University     2017 Budget     Omoniyi M. Ayinla     Aminat Omodara     Ahmed Bayero     Wole Oke     Kwara State Council Of Chiefs     Federal Polytechnic Offa     Mustapha AbdulGaniyu     Maryam Ado Bayero     Erubu Oba Zubair     Elerinjare     Quarry Royal Valley     Code Of Conduct     Obuh     Overland     Twitter     Yusuf Amuda Gobir     Akanji     CCEPE     Mashood Abdulrafiu Agboola     Mustapha Olanipekun     Ilorin Like-Minds     IPSAS     Isau     Aliyu Umar     Onilupeju Of Ilupeju     Abatemi Usman     Modibo Kawu     Mike Omotosho     Mohammed Abduraheem    

Cloud Tag: What's trending

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

Saadu Yusuf     Yusuf Ibitokun Sherifat     CCT     Maigidasanma     Ashiru     Mamman Saba Jibril     Kwara Volleyball Association     Gobir     Unilorin FM     Crystal Corner Shops     Bank Of Industry     Mustapha Akanbi     Abdulkadir Jimoh     John Kehinde Salako     Sadiq Buhari     AbdulRazaq Abubakar Jiddah     Ladi Hassan     Owo Isowo     Kwabes     Idowu Laro     Nigerian Correctional Service     Ghali Alaaya     Joseph Offorjama     Muhammad Sirajo Aliyu     Rueben Parejo     Jide Oyinloye     Haliru Dantoro     Sulu Babaita Isiaka     Adegoke Bamidele     Adebara     Olaiya Zuberu     IHS     Olatunji Ayeni     Federal Allocation     Ojuekun     Savannah Centre For Diplomacy, Democracy And Development     Umar Ahmed Gunu     Seni Saraki     Bello John Olanrewaju     NNPP     Agboola Babatunde     Tsaragi/Share     AbdulRasaq Abdulmajeed Alaro     3MTT     Bayo Ajia     Mustapha AbdulGaniyu     Democracy Day     Dan Iya     Sabi     Onilupeju Of Ilupeju     Ahmed Mohammed Rifun     Ilorin West     Mopelola Abdulmaliq-Bashir     Mohammed Alabi Lawal     Ahmed Shuaib Buranga     Shehu Alimi Foundation For Peace And Development     Odo-Owa     Alfa Yahaya Road     Saidu Yaro Musa     Sa\'adatu Modibbo-Kawu     Ndakene     Igbaja     Ilorin Innovation Hub     Paul Olawoore     Sa\'adu Gambari     Muhammad Yahya     Olomu Of Omu-Aran     Haleeman Salman     Bello Oyebanji     Pakata     Sulyman Buhari     Musa Yeketi     Shehu Alimi Foundation     Hydroelectric Power Producing Areas Development Commission     COVID     Bayer AG     Yahaya Abdulkareem Babaita