Justice Muhammed Liman of the Federal High Court, Lagos on Thursday, dismissed its order of interim forfeiture made against the property of the immediate past Senate President, Olubukola Saraki.
The court had on October 21, 2019, while granting an ex parte application brought before it by the Economic and Financial Crimes Commission, and argued by its counsel, Nnemeka Omewa, ordered the interim forfeiture of the two properties located on 17 and 17a, McDonald Road, Ikoyi, Eti-Osa Local Government Area of Lagos State, which were said to have been acquired with proceeds of unlawful activity.
The court, however, found that the applicant, in its affidavit in support of its motion for final forfeiture, stated that the properties sought to be forfeited were purchased with a personal loan Saraki obtained from Guaranty Trust Bank.
According to the ruling, the evidence of the transactions presented by the applicant was in respect of transactions made after Saraki had purchased the property and the proceeds used for the purchase were legal. In the final analysis, the court held that the applicant failed to prove its entitlement to the relief of final forfeiture of the respondent’s properties, hence dismissed the application and vacated the interim forfeiture order.
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bukolasaraki officialEFCC If bukolasaraki can escape,then we shld not take the issue against Tinubu serious...
bukolasaraki officialEFCC
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