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.

Coalition Of Kwara North Groups     Fareedah Dankaka     Emmanuel Bello     Assayomo     Prince Sunday Fagbemi     Olusin Of Ijara Isin     Amuda Aluko     Rihanat Ajia     Ibraheem Abdullateef     Abdulquawiy Olododo     Galadima     Suraj Tunji Oyewale     Siddiq Adebayo Idowu Salawu     Bayer AG     Musibau Akanji     Oyun     Timothy Olatunde Fadipe     Tunji Folami     KW-GIS     Abdulkareem Alabi     Kupchi Hosea Maxwell     Okedare     Bola Iyabo Ibiyeye Adisa     Ahmed Saidu Rufai     Chartered Institute Of Personnel Management Of Nigeria     AGILE Programme     Sardauna     Segun Olawoyin     Communication Network Support Services     Abdulrazaq Adebayo     Mohammed Halidu     Cassava Growers\' Association     Clara Nwachukwu     March 18     V.O. Abioye     Taibat Ayinke Ahmed     Rex Olawoye     Idofin     Kwha.gov.ng     Micheal Imodu-Ganmo Road     Sheriff Shagaya     Umar Yakubu Jaja     Ibrahim Kayode Adeyemi     GAMA     Ilorin Durbar     Mohammed Lawal Bagega     Abubakar Olusola Saraki     Hamid Bobboyi     Yusuf Abdulwahab     Hikmah AbdulKareem     Overland     Unilorin     Age AbdulKareem     Pakata Development Association     Makama Of Kaiama     Yekeen Alabi     Post-utme     KWATMA     Yusuf Abubakar     Shehu Salau     Abubakar Baba Sulaiman     Ayodele Shittu     Tunde Kazeem     Bolakale Saka     Salman Alada     Read With Me     Toyosi Thomas     Saadatu Modibbo-Kawu     Ophthalmological Society Of Nigeria     Mazars Consulting     Popo-Igbonna     Ayobami Seriki     Idris Amosa Saidu     Lola Ashiru     Ibrahim Oloriegbe     Dauda Adesola     Okeose Christian Cementary    

Cloud Tag: What's trending

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

Sheriff Olanrewaju     Elerinjare     Tunde Oyawoye     CBT     Voices Of Tomorrow     Gbemi Saraki     Rafiu Ajakaye     Gbadeyan Gbadura Yomi     Aliyu Adebayo     Sunday Otokiti     Tosho Yaqub     Mary Kemi Adeosun     Gwanara     SDP     Wahab Kunle Shittu     Kwara-SAPZ Project     Harmony Holdings     Quarry Royal Valley     IYA ALFA NLA     CT Ayeni     Jaiz Bank     Osinbajo     Oniwa     Alfa Modibo Belgore     Bolakale Ayo     Simeon Ajibola     Convocation Ceremonies     Olusin Of Ijara Isin     Bamidele Adegoke     Muyideen Ajani Bello     Nurudeen Muhammed     Ajibike Katibi     GRA     Shettima Of Ilorin     Elelu     Yashikira     Mufutau Gbadamosi Esuwoye     Alaaya     3MTT     Dorcas Afeniforo     Mashood Dauda     Balikis Jawondo     NULGE     Abdullahi Biffo     Yetunde Balogun     Idris Amosa Saidu     Prince Sunday Fagbemi     SAPZ Project     Saka Keji     BECE     Egbejila     Hassan Oyeleke     ARMTI     Adamu Ibrahim Sabi     Twitter     Ladi Hassan     Bayo Ajia     IHS Towers     Sa\'ad Alanamu     Musa Abdullahi     Kayode Oyin Zubair     Oke Sunna     Adedipe     Ballah     NTA Ilorin     Bayer AG     Saduki Lafiagi     Muhammadu Buhari     Offa     Abdulganiyu Salahudeen     Student Learning Support Helpline     Magaji Erubu     Baba Idris     Sulyman Tejidini     IFK     Ibrahim Abdullahi     Minister