CrimeInside Nigeria

Property forfeiture: Saraki Knows Fate on April 24

The Federal High Court in Lagos, Thursday, fixed April 24, for its ruling on the forfeiture of properties belonging to former Senate President, Dr. Bukola Saraki.

The properties situated at 17 & 17A. McDonald Road, Ikoyi, Lagos, were investigated by the Economic and Financial Crimes Commission (EFCC), and the commission sought forfeiture of the properties.

According to the testimonial of the applicant’s counsel, Nnaemeka Omewa, to Justice Mohammed Liman, the properties were purchased from a loan obtained from Guaranty Trust Bank, which was later paid back from money allegedly stolen from Kwara State government coffers.

The counsel was emphatic about the claims, “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 counsel said emphatically.

The anti-graft agency urged the court to look critically at the evidences before it and give an order for the forfeiture of the properties to the Federal government.

But Saraki’s counsel, Mr. Kehinde Ogunwumiju (SAN) implored the court to throw away the application as there was no proof from EFCC that the money used in paying back the loan was proceed of any fraudulent act or illegal dealings.

After the counsels’ final submissions, Justice Liman fixed judgment for Friday, April 24, 2020.



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