Tuesday, February 16, 2021

Saraki kicks as EFCC urges final forfeiture of Ikoyi properties


Rayyan Alhassan
Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a 30-year-old graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
tiamin rice

Immediate past Senate president, Dr. Bukonla Saraki on Thursday, opposed an application before a Federal High Court, Lagos, seeking final forefeitrue of two of his Ikoyi, properties.

READ  EFCC to prosecute INEC deputy director for fraud

The said properties are located at 17 and 17A McDonald Road, Ikoyi, Eti-Osa Local Government Area of Lagos State.

The News Agency of Nigeria (NAN) reports that the Economic and Financial Ctimes Cimmission, EFCC, had obtained an interim order of forfeiture on the properties in November 2019.

Justice Mohammed Liman had then adjourned the case for any interested party to appear and show cause why a permanent order should not be made.

The court had also ordered that the interim order be published in a national newspaper to alert such interested parties.

READ  'How ex-naval chief, Usman Jibrin, used family company to acquire N600m property'
READ  Election: We’ll not tolerate vote buying, says EFCC

EFCC applied to court to forfeit the properties to the government, on the grounds that they were obtained with loans from GTBank and repaid back with Kwara State fund.

READ ALSO: EFCC arrests Kano Assembly minority leader over N1.5bn fraud

Saraki’s counsel, Kehinde Ogunwunmiju, SAN, informed the court that he was already a succussful businessman with properties worldwide before he became senator.

He said that the EFCC must satisfy the court that such properties formed part of proceeds of any unlawful act by the respondent.

Respondent’s Counsel informed the court that both the interim and the attempted permanent forfeiture of the two properties was an abuse of court process.

READ  Nigerian Army war college graduates 65 operational level officers
READ  Man arraigned for N10m Internet fraud

Counsel further argued that the EFCC was also estopped from re-litigating on the same properties because it had litigated on same before the Code of Conduct Tribunal ( CCT ) up to the Supreme Court but lost.

He said that Justice Taiwo Taiwo had made an order restraining EFCC from filing such a case adding that the order was still subsisting.

Meanwhile some of the facts presented by the EFCC before the court are that Saraki while serving as Governor of Kwara, was deducting N100 million from security votes to defray the loan.

EFCC counsel, Mr Nnaemeka Omenwa argued that the Judgment of the CCT dismissing the case, did not vest property right on Saraki.

READ  EFCC to prosecute INEC deputy director for fraud
READ  Alleged 3.1bn fraud: EFCC presents fresh evidence against ex-gov. Suswam

He urged the court not to be persuaded by the arguemnt of counsel but hold in favour of applicant.

Liman has adjourned untill April 24 for judgment.


Subscribe to Our VIP Newsletter

Related News

Latest News