Court orders forfeiture of Saraki's 2 Ikoyi Properties


Saraki's Ikoyi property

Former President of the Senate, Bukola Saraki

A Federal High Court sitting in Ikoyi, Lagos on Monday ordered the temporary forfeiture of two properties located in Ikoyi area of Lagos State and belonging to the immediate past Senate President, Dr Bukola Saraki, to the Federal Government.

The Ilorin Zonal Office of the Economic and Financial Crimes Commission, EFCC, had in an ex parte application filed by the Commission’s Lawyer, Nnaemeka Omewa approached the Court, seeking an order of interim forfeiture of the properties located at No. 17A McDonald Road, Ikoyi, Eti Osa Local Government Area of Lagos, alleging that they were acquired through proceeds of unlawful activities.

Justice Mohammed Liman gave the order following an ex parte application by the EFCC.

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The EFCC alleged that while serving as Kwara State Governor, Saraki withdrew over N12 billion cash from the state’s account and paid same into his accounts domiciled in Access and Zenith Banks through one of his personal assistants, Abdul Adama.

Saraki’s Ikoyi property

Ordering the interim forfeiture of the two properties, Justice Liman 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 permanently forfeited to the Federal Government.