Saraki Kicks As Court Orders Forfeiture Of N1 Billion Houses

Saraki Kicks As Court Orders Forfeiture Of N1 Billion Houses

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. ADVERTISEMENT 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. An operative of the EFCC, Olamide Sadiq, said in an affidavit filed in support of the ex parte application that the move for the forfeiture of the houses followed the findings of the EFCC after investigation and “the report of a committee set up to review sale of Kwara State Government houses during the reign of the Governor of Kwara State in the year 2003 and 2011.”

He said the EFCC also received “a damning intelligence report, showing monumental fraud perpetrated in the treasury of the Kwara State Government between 2003 and 2011.” Sadiq said, “Whilst the investigation was ongoing, several fraudulent transactions were discovered. “That whilst he (Saraki) held the aforementioned position (governor of Kwara State), 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 N100million will be deposited into the Kwara Government House account.

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