Saraki’s Ikoyi houses not bought with illegal funds, says Court




...Refuses to grant forfeiture order, Adjourns till Sept. 2

The Federal High Court, Lagos, Monday refused to grant the application of the Economic and Financial Crimes Commission (EFCC) for a forfeiture Order on the Ikoyi houses Senate President, Dr. Abubakar Bukola Saraki and instead ruled that the houses were not purchased with illicit fund or proceed of illegal activity.

Justice Liman who began giving also stated that the EFCC has not provided any proof that the money with which the houses located on McDonald Road, Ikoyi, were bought came from any related to the Kwara State Government.

Rather the concluded that the Houses were purchased with a credit facility granted Saraki by the Guaratee Trust Bank (GTB).

It will be recalled that the findings of the court was in line with the of the Court in the Asset declaration involving Dr. Saraki in which the same property were the subjects. The Federal High Court also stated that the matter before him were not criminal in nature like the Court under reference.