Court Orders Forfeiture of Saraki Properties

The Federal High Court which sat in Ikoyi, Lagos on Monday, the 21st of October 2019, has ordered the temporary forfeiture of two properties located in Ikoyi area of Lagos State and belonging to the recent past Senate President, Dr Bukola Saraki to the Federal Government. 

The Economic Financial Crimes Commission (EFCC), in an ex parte application, at the Ilorin Zonal Office, approached the Court, seeking an order of interim and immediate forfeiture of the properties located at No. 17A McDonald Road,  Ikoyi, that allegedly were acquired through the proceeds of unlawful and illegal activities by the former Senate President 

The Financial Crimes Commission alleged that while Saraki served as governor of Kwara state, Saraki withdrew over N12 billion cash from the account belonging to the Kwara State government and paid the same amount he withdrew into his accounts domiciled in Access and Zenith Banks through one of his personal assistants, Mr Abdul Adama. 

The EFCC stated that they have done all necessary investigation and found out that Bukola Saraki made the purchase of some of his properties through unlawful and illegal funds which rightfully belongs to the government.

Mohammed Liman delivered the ruling of the application and ordered the interim forfeiture of the two properties. He also further gave the ruling that the EFCC should publish the order in a national newspaper within 14 days, for anyone with an interest in the properties to show cause and it should hence be sold. They declared that they should not be finally forfeited to the FG.

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