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Court Fixes April 24 To Rule On Forfeiture Of Saraki’s Lagos Properties


The Federal Excessive Courtroom sitting in Lagos has fastened April 24, for its ruling on the ultimate forfeiture of two properties belonging to a former President of the Senate, Dr. Bukola Saraki.

The Financial and Monetary Crimes Fee (EFCC), is looking for the ultimate forfeiture to the Federal Authorities of Dr. Saraki’s properties located at 17 & 17A, McDonald Highway, Ikoyi, Lagos.

Shifting the applying for the ultimate forfeiture of the properties on Thursday (March fifth), counsel to the applicant, Nnaemeka Omewa, instructed Justice Mohammed Liman, that the properties have been acquired with a mortgage obtained from Warranty Belief Financial institution and paid again by cash suspected to have been diverted from the coffers of the Kwara State authorities.

The counsel particularly stated that “There are written statements from some officials of the Kwara State government on how the money was taken from the coffers of the state government and used to pay back the loan,”.

The EFCC, due to this fact, requested the court docket to have a look at the benefit of its case, all of the displays connected and make an order completely forfeiting the properties to the Federal Authorities.

In the meantime, the previous Senate President by his counsel, Kehinde Ogunwumiju (SAN), has requested the court docket to reject the applying by the EFCC.

The counsel argued that the EFCC has not been in a position to show that the cash used to pay again the mortgage was acquired by any criminality.

He additionally instructed the court docket that the EFCC had litigated on the identical properties earlier than the Code of Conduct Tribunal all the best way to the Supreme Courtroom and had misplaced.

The counsel then requested the court docket to dismiss the EFFC’s swimsuit looking for the ultimate forfeiture of the properties and to as a substitute, rule in favour of the previous Senate President.

After listening to each events, Justice Liman adjourned the case until April 24 for judgment.

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