Tue. Jan 21st, 2020

Court Orders Interim Forfeiture Of Saraki’s #1bn Houses

Following Senator Bukola Saraki’s end to his years of reign as a Senator from Kwara state and former Senate President of the 8th Assembly, as an opposition party member, it was already a decided faith that he would face financial investigations.

Senator Bukola Saraki according to reports is set to forfeit his #1 billion houses in Ilorin, Kwara state. This is as ordered by a Federal High Court sitting in Ikoyi, Lagos.

As reported by dailytrust, a Federal High Court in Ikoyi, Lagos, has ordered an interim forfeiture of two houses in Ilorin, Kwara State belonging to the immediate past Senate President, Bukola Saraki. The Economic and Financial Crimes Commission (EFCC) had approached the court presided over by Justice Ridwan Aikawa, for an order of interim forfeiture of the properties said to worth about N 1 billion on the ground that it was acquired through the proceeds of unlawful activity. 

The anti-graft agency told the court in an exparte application that it ‘‘uncovered monumental fraud perpetrated in the treasury of the Kwara State Government between 2003 and 2011’’, when Saraki was governor of the state. 

Based on the application, the court ordered the temporary forfeiture of Saraki’s two properties designated as Plots No. 10 and No. 11 Abdulkadir Road, GRA, Ilorin, Kwara State.

The matter has been adjourned till December 17, 2019 by Justice Ridwan Aikawa for further proceedings.

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