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Court orders forfeiture of Saraki’s N1bn Ilorin home

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Court orders forfeiture of Saraki's N1bn Ilorin home

A Federal High Court sitting in Ikoyi, Lagos, has ordered an interim forfeiture of a property in Ilorin belonging to the immediate past Senate President, Bukola Saraki.

This was revealed in a statement signed by the Economic and Financial Crimes Commission (EFCC) spokesperson, Wilson Uwujaren on Monday.

According to him, the Ilorin Zonal Office of the EFCC had earlier approached the court presided over by Justice Ridwan Aikawa for an order of interim forfeiture of Saraki’s property valued at about N1 billion.

The property which is located at 1, Abdulkadir street,  G.R.A, Ilorin, Kwara State is being requested by the anti-graft commission for forfeiture on the grounds that it was acquired through the proceeds of unlawful activity.

Ruling on the exparte application filed by EFCC Lawyer, Rotimi Oyedipo on Monday, Justice Aikawa ordered the interim forfeiture of the property and said the court order should be published in National Newspapers.

The Judge further said that any interested parties in the property should show cause while the property should not be forfeited to the Federal Government.

The Commission in moving application said its reasonably suspected that the former Nigeria number three citizen built the house with the Government’s money and other proceeds of crime.

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