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.

Oyin-Zubair     John Olobayo     Egbewole     Salman Alada     Ademola Kiyesola     Jimoh Saadudeen Muhammed     Sulyman Buhari     Oke-opin     Kwara NIPR     Yusuf Badmus     Olomu     Naira Redesign     Idowu Aremu     Onikijipa     Irepodun     Ilorin Talaka Parapo     Smart School     Baba Adini Of Kwara State     Ahmad Fatima Bisola     Ayobola Ipinlaiye     Sheikh Hamzat Yusuf Ariyibi     Bello Abubakar     Olawuyi     Abubakar Baba     Joseph Offorjama     Salman Jawondo     Olabode Towoju     Sa\'adu Gambari     Abdulganiy Abimbola Abdussalam     Wahab Agbaje     Oke-Ode     Shuaib Jawondo     Oba Sulaiman Asude     Muhammed Mahe Abdulkadir     VADA     Niyi Ogundiran     SSA Youth     Olosi Of Osi     Mahfouz Adedimeji     KWTV     Bashirat Bola Bello     Ayinde Oyepitan     Valsolar Consortium     Tunji Arosanyin     Basit Olatunji     Garba Dogo     Offa Poly     Ilorin West     Aliyu Sabi     Oke Sunna     Oro Grammar School     Dar-Al-Handasah Consultants     Ethical College     Tunde Saad     Olatunji Moronfoye     Bolakale Kawu     Plat Technologies Limited     Ibikunle Ogunleye     Kolawole Akande     Isiaka Gold     Joseph Bamigboye     Ahmed Dankaya     Adeleke Ogungbe     Temi Kolawole     Baba-Isale     Magaji Erubu     Aliyu Umar     Mohammed Saidu     Monsurat Omotosho     Idi-Ape     Maigida Soludero Transit     Kwara Politics     Oba Of Jebba     Yusuf Abubakar     HYPPADEC     Abatemi Usman     IF-K    

Cloud Tag: What's trending

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

Afusat Nike Ibrahim     Adewuyi Funmilayo     Opobiyi     Marufat Oladosu     Dan Masanin     Abdulrasheed Na\'Allah     Societe Generale Bank Of Nigeria     Tsaragi/Share     Femi Agbaje     Ayegbeni     Aliyu Muhammed     TESCOM 2025     Isin     Yemi Osinbajo     Mujtabah Bature     Wahab Abayawo     Onilupeju Of Ilupeju     Samuel Adaramola     Lukman Oyebanji Fagbemi     Kwara Poly     Abdulkadir Bolakale Sakariyah     Muslim Stakeholders Of Kwara State     Mazars Consulting     Yoonus Kola Olatinwo     ENetSuD     V.O. Abioye     Adesoye     Ishola Moses Abiodun     Moses Afolayan     Yusuf Arowosaye     Kunle Okeowo     Sulu Babaita Isiaka     Yusuf Babatunde Abdulwahab     Valsolar     Agbarere     Ilesha-Baruba     Omu Aran     Kwara Restoration Project     IDPU     Oro Grammar School Old Students Association     Erubu     Aishat Sulu-Gambari     Code Of Conduct Bureau     Kwara Pdp     Earlyon Technologies     Saad Omo\'ya     Offa Metropolitan Club     Tayo Awodiji     NaAllah     Sheikh Ridhwanullah El-ilory     Emir Of Kano     Olayinka Are     Yekeen Alabi     Ridwan Agboola     Ayodele Shittu     College Of Education     Taofeeq Olateju     Gafaru Olayiwola Olorisade     Firdaos Amasa     Shehu Alimi Foundation For Peace And Development     Iyabo Adewuyi     Baboko Primary School     Lola Olabayo     Babatunde Ajeigbe     KWIRS     N-Power     Gobir Organization Foundation     Afolabi-Oshatimehin     Markaz Arabic And Islamic Training Institute, Agege     Eghe Igbinehin     Mary Arinde     Abdulkarim Adisa     AbdulRaheem Ahmad Shayi     Olatunde Olukoya     Saba Jibril     Akume     Abdulhakeem Amao