The Federal High Court in Ikoyi, Lagos, has ordered the temporary forfeiture of properties belonging to Bukola Saraki, former Senate President of Nigeria.
The two properties located at the Ikoyi area of the state were forfeited to the Nigerian Government following an ex-parte order by the Economic and Financial Crimes Commission.
Counsel to the EFCC, Nnaemeka Omewa, had sought an order for the interim forfeiture of the properties located on 17A McDonald Road, Ikoyi, Eti-Osa Local Government Area of Lagos.
He had told the court that they were acquired through “proceeds of unlawful activities”.
Part of the reliefs sought by the EFCC included:
“An order of the 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.”
Meanwhile, Newsflash247 had earlier reported that the Economic and Financial Crimes Commission has seized some houses belonging to former Senate President Bukola Saraki.
The houses, which are located at 15a, 15b and 17 MacDonald Road, Ikoyi, Lagos, are said to belong to Saraki.
However, the EFCC was said to be unsure of which of the properties that actually belong to the former Senate President and decided to place inscriptions and stickers on all of them.
While 15a and 15b were declared by Saraki in his asset declaration form, it is believed that some other houses on the street were bought by the Senate President from the Presidential Implementation Committee for the Sales of Government Property through shell companies.
His relative, who did not want to be named, told our correspondent that the houses were seized on Friday.
He said, “The EFCC had been making inquiries into the finances and assets of Saraki for quite some time. They came to inscribe ‘EFCC, Under Investigation’ in red on the walls and the fences. The irony is that even houses that don’t belong to Saraki were marked.
“From what we were told, they are keeping him under strict surveillance ahead of May 29, 2019 when they may invite him.”
The EFCC had, while presenting evidence against Saraki before the Code of Conduct Tribunal in 2016, alleged that he owned houses on MacDonald Road but there were discrepancies in the addresses.
The EFCC witness, Michael Wetkas, had said investigation revealed that House No. 15 MacDonald Road, Ikoyi, Lagos, and Block 15 Flat 1 to 4 on the same street belonged to Saraki.
According to him, the Senate President bought the properties from the Presidential Committee on Sale of Federal Government Landed Properties in Lagos through his companies.
He added that the defendant made a bank draft in the name of TYNITY Company Limited, which he declared in the asset declaration form.
Wetkas noted that when the EFCC investigation team wrote to the presidential committee seeking clarification, the committee said from their records, the only property sold to the company was No. 15 Macdonald Street, Ikoyi.
Wetkas said 75 per cent, which amounted to N123.7m was paid for House No. 15 MacDonald Road, Ikoyi, through a bank draft from the account of one of Saraki’s company called Skyview Properties Limited in Access Bank.
He also said investigation revealed that Saraki made a bank draft through his company TYNITY and paid for House No. 17 MacDonald Road in Ikoyi, Lagos, in the sum of N256.3m.
The witness had said, “My lord, there was a draft of N12.8m and another draft of N20m from Zenith Bank as well as a draft of N4m from GTBank as part of payment for the purchase of House No. 17 MacDonald Street.
“The N20m draft came from Carlys properties and Investment Limited and a draft of 136.1m was made on January 13, 2007 for the purchase of same property.
“Another draft of N180.6m was made through Saraki’s personal bank account in GTB.’’
The EFCC last week announced a probe into the activities of the Senate President dating back to 2003 when he became the governor of Kwara State.
The commission had written a letter to the Kwara State Government House, asking for the details of all of Saraki’s earnings including salaries, allowances and estacode during his eight years as governor.
Meanwhile, Saraki’s case is said to be a tricky one because apart from owning a Nigerian passport, he also holds a British passport, which means he can travel out of the country easily.
A relation of the Senate President added, “The EFCC is building its case from the CCT trial which Saraki won in 2017. Even though he doesn’t have immunity now, they don’t want to detain him because of his position. They are waiting for his tenure to end before pouncing on him.
“They know that when he is no longer a senator, his colleagues in the upper chamber will not be able to come to his defence and accompany him to the EFCC or to the court.”