Court Orders Forfeiture Of Saraki’s Ikoyi Properties

Hamilton Nwosa
Writer

Ad

2027: Why Jonathan ‘ll Contest Against Tinubu, Ex-Minister Jerry Gana Opens up

By Abiola Olawale A veteran Peoples Democratic Party (PDP) chieftain and a former Minister of Information and Orientation, Prof. Jerry Gana, has revealed that former President Goodluck Jonathan will contest against President Bola Tinubu in the forthcoming 2027 presidential election. Gana declared that Jonathan has the ambition to run for the nation's top job again.…

2027: Jonathan's likely Presidential Bid gets PDP’s S'South Support as Rivers Kick, Split

FG Slams US Comedian, Denies Claims of Genocide Against Christians in Nigeria

By Abiola Olawale The Federal Government of Nigeria (FG) has denied allegations of a systematic genocide against Christians in the country. This is as the government criticised US comedian and political commentator Bill Maher for amplifying what it described as "false and divisive" narratives. The controversy erupted after Maher claimed that: "I'm not a Christian,…

Dangote Vs PENGASSAN: FG Intervenes, Moves To Broker Truce

By Abiola Olawale The Federal Government has sent an invitation to the officials of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Refinery for an emergency meeting. It was gathered that the meeting is aimed at averting what has been described as a nationwide industrial crisis. This comes as PENGASSAN…

Ad

The Federal High Court in Lagos on Monday ordered the forfeiture of two properties in Ikoyi belonging to former Kwara State governor and ex-Senate President, Bukola Saraki.

Justice Mohammed Liman made the temporary forfeiture order following an ex parte application by the Economic and Financial Crimes Commission.

The EFCC said the landed property “lying and known as No. 17A McDonald Road, Ikoyi,” was reasonably suspected to have been acquired with proceeds of unlawful activity.

It alleged in a supporting affidavit that Saraki, who served two terms as Kwara State Governor between 2003 and 2011, “withdrew over N12bn cash from the account of the Kwara State Government and paid same into his accounts domiciled in Access and Zenith Banks through one of his personal assistants, Abdul Adama, at different intervals.”

The EFCC lawyer, Nnaemeka Omewa, said the court was empowered to order the temporary forfeiture of the landed asset to the Federal Government.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp