Monday, April 19, 2021
No menu items!
Home NEWS Court sets aside forfeiture order against Saraki’s properties

Court sets aside forfeiture order against Saraki’s properties

Court sets aside forfeiture order against Saraki?s properties

 

The Economic and Financial Crimes Commission (EFCC) application for the final forfeiture of two Ikoyi houses belonging to a former Senate President Dr Abubakar Bukola Saraki, has been struck out by Justice Liman Mohammed of the Federal High Court in Lagos.

 

The court had earlier refused to grant the application of the EFCC for a final forfeiture order of the properties at No. 17 and 17 A Mc Donald Street, Ikoyi, Lagos and instead took oral evidence and adjourned.

 

Justice Mohammed Liman struck out the case on Thursday March 4, on grounds of the Economic and Financial Crimes Commission failing to show that the funds used to purchase the property were proceeds of corruption.

 

The Judge who agreed with Mr Saraki’s lawyer that the burden of proof for final forfeiture is on the preponderance of evidence, said the EFCC failed to show that the monies used to purchase the properties were from the Kwara State Government House account.

 

The court further held that the evidence of the transactions presented by the EFCC was in respect of transactions made after he had purchased the property and the proceeds used for the purchase were legal,  that is loans.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

European Super League: Uefa and Premier League condemn 12 major clubs signing up to breakaway plans

Uefa, the Premier League and UK Prime Minister Boris Johnson have condemned 12 major European clubs, including the 'big six' from England, signing up...

Leicester City 1-0 Southampton: Kelechi Iheanacho earns Foxes first FA Cup final spot since 1969

Leicester City reached their first FA Cup final since 1969 as Kelechi Iheanacho's second-half goal gave them victory over Southampton at Wembley. Iheanacho was the...

Two drug traffickers excrete 191 pellets of cocaine, heroin at Lagos Airport

Two suspected drug traffickers intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport, MMIA, Lagos, have...

Man who gave woman a lift zooms away with her phone after collecting it to input his number

A Twitter user has shared an unpleasant experience her friend had with a man who offered her a ride. According to @IsrealGeraldine, a man had...

Recent Comments