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Court Orders Forfeiture Of Saraki’s Ikoyi Properties

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A Federal High Court sitting in Lagos has ordered the temporary forfeiture of two properties of Bukola Saraki, a former Senate President of Nigeria.

The properties are located at 17A McDonald Road, Ikoyi, Eti Osa local government, Lagos state.

Nnaemeka Omewa,  counsel to the Economic and Financial Crimes Commission ( EFCC), had approached the court, seeking an order of interim forfeiture of the properties.

According to Omewa, they were acquired through “proceeds of unlawful activities”.

Part of the reliefs sought by the EFCC included “An order of this honourable Court forfeiting to the Federal Government of Nigeria landed property with appurtenances situate, lying and known as No. 17A McDonald Road, Ikoyi, Eti Osa Local Government Area of Lagos State found and recovered from the respondent which property is reasonably suspected to have been acquired with proceeds of unlawful activity”.

According to the commission, while serving as governor of Kwara state, Saraki allegedly withdrew over N12 billion cash from the account of the Kwara government and paid the same into his accounts domiciled in Access and Zenith Banks through one of his personal assistant, Abdul Adama.

Delivering ruling on the application, Mohammed Liman, the presiding judge, ordered interim forfeiture of the two properties.

He also instructed that the EFCC should publish the order in a national newspaper within 14 days, for anyone with interest in the properties to show cause, why they should not be finally forfeited to the federal government.

Recall that the federal government had arraigned Saraki at the Code of Conduct Tribunal (CCT) while he was Senate President.

He was accused of failing to declare his assets, an allegation he denied, before the supreme court subsequently dismissed the false assets declaration trial.

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