Saraki to Forfeit Ikoyi’s Properties

A federal high court sitting on Monday, 21st October, 2019 in Lagos has ordered the temporary forfeiture of two properties of former senate president, Dr. Bukola Saraki, in the Ikoyi area of Lagos state.

The counsel to the Economic and Financial Crimes Commission ( EFCC), Nnaemeka Omewa had filed a lawsuit before the court, seeking an order of interim forfeiture of the properties located at 17A McDonald Road, Ikoyi, Eti Osa local government area of Lagos.

He had apprised the court that the propertyies are proceeds of corruption.

Part of the reliefs sought by the EFCC included “An order of this honourable Court forfeiting to the Federal Government of Nigeria landed property with appurtenances situate, lying and known as No. 17A McDonald Road, Ikoyi, Eti Osa Local Government Area of Lagos State found and recovered from the respondent which property is reasonably suspected to have been acquired with proceeds of unlawful activity.”