Saraki Forfeits More Properties To FG

Related stories

OPEC+ Surprises With Oversized Output Hike

OPEC+ will ramp up oil production more aggressivelyĀ than anticipated...

2027: Okpebholo, Oborevwori, Eno, Edet, Others Rally Support for Tinubu

By Abiola Olawale The All Progressives Congress (APC) in the...

Amid Several National Grid Collapse, Power Minister Adelabu Unveils Ambition to Succeed Makinde in Oyo

Kicks Off State-wide Consultations By Abiola Olawale Minister of Power,...

Osun Guber: Davido’s Uncle, Adeleke Quashes Defection Rumours

Says he stands firm with PDP By Abiola Olawale Osun...

Zamfara 2027: Intrigues As ADC Extends Invitation to Governor Dauda Lawal

Governor Weighs options In what has been described as...

A federal high court in Lagos has ordered the forfeiture of two houses of Bukola Saraki, former senate president, in Ilorin, Kwara state capital.

Rilwan Aikawa, a judge, gave the order based on an application filed by the Economic and Financial Crimes Commission (EFCC).

The houses are located at plotsĀ  10 and 11 Abdulkadir Road, GRA, Ilorin.

The development comes five days after the former number three citizenĀ raised the alarmĀ that the anti-graft agency was ā€œtargetting his propertiesā€, ignoring a court order restricting it from doing so.

Read more: Saraki Raises Alarm As EFCC Moves To Seize More Houses

Saraki, a two-term governor of Kwara, is being investigated by the anti-graft agency, which alleged that while serving as governor of Kwara between 2003 and 2011, he withdrew over N12 billion cash from the account of the Kwara government and paid same into his accounts domiciled in Access and Zenith Banks through one of his personal assistant, Abdul Adama.

The EFCC told the court it uncovered monumental fraud in the treasury of Kwara when Saraki governed the state.

In an affidavit filed in support of an ex parte application, Olamide Sadiq, an operative of the EFCC, said the move for the forfeiture of the houses followed the findings of the EFCC after investigation.

He said: ā€œWhilst the investigation was ongoing several fraudulent transactions were discovered. I know for a fact and verily believe that our investigation has revealed the following mind-boggling findings, among others:

ā€œThat between 2003 and 2011, Dr Olubukola Abubakar Saraki was the Executive Governor of Kwara State. That whilst he held the aforementioned position, the common pattern was that after payment of monthly allocation by the Federal Government to the Kwara State Government, a cumulative sum of not less than N100m will be deposited into the Kwara Government House account.

ā€œThat upon the payment of the said N100m, same will, in turn, be withdrawn in cash by one Mr Afeez Yusuf from the Kwara State Government House, Ilorin’s account in bits and brought to the Government House.ā€

The EFCC said it believed that Saraki acquired the two properties with proceeds of unlawful activities.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
OPEC+ Surprises With Oversized Output Hike2027: Okpebholo, Oborevwori, Eno, Edet, Others Rally Support for TinubuAmid Several National Grid Collapse, Power Minister Adelabu Unveils Ambition to Succeed Makinde in OyoOsun Guber: Davido's Uncle, Adeleke Quashes Defection RumoursZamfara 2027: Intrigues As ADC Extends Invitation to Governor Dauda Lawal$4.2m Covid-19 Scam: Nigerian Pastor Goes to Jail, Osun Monarch, Oloyede Forfeits Assets in US As Crackdown BeginsNatasha Akpoti-Uduaghan: Senate Stipulates Terms for Reinstatement After Court's RulingTinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour PartyFG Secures $100m for Lagos-Calabar Project from ECOWAS BankEx- Arsenal Star Thomas Partey Faces Rape, Sexual Assault Charges in UKEdwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi FalanaBreaking Down the West’s $146 Billion 2024 Defence Technology InvestmentG7 vs. the World: GDP, Population, and Military Strength
X whatsapp