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Stats: 17,279 members, 67,764 Topics, 15,172 Comments. Date: May 24 2019, 9:51 pm

Emmanuel Fikayo

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100Level, Nigeria.
Emerging reports indicated that five choice properties of Senate president Bukola Saraki located in high brow Ikoyi area of Lagos have been sealed off by the Economic and Financial Crimes Commission (EFCC) over alleged corruption.

The Nation reports that the agency is in the process of approaching a court for an order for the interim forfeiture of the properties pending the conclusion of Saraki’s trial for allegations against him.

Legit.ng gathered that the mansions which include 15, 15A, 17 and 17A McDonald Road, Ikoyi were sealed off based on the ongoing investigation of the politician by the EFCC.

The commission suspects Saraki of having acquired the properties with state funds when he served as Kwara state governor between 2003 and 2011.
It also believes that he has not declared them, adding that the anti-graft agency is currently probing Saraki’s earnings and acquisitions while in office.

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According to the newspaper, the investigation covers how a N17 billion bond of the state was spent; allocations to the state from the federation account during his tenure; and some suspicious transactions by the state government in the administration of the outgoing Governor Abdulfatah Ahmed of Kwara state.

An EFCC source was quoted to have said: “It is an ongoing case which has to do with alleged illegally acquired properties while he held sway as the governor of Kwara state.
We have attached the five properties in line with sections 27(4), 28 and 29 of the EFCC establishment act.

Responding to a question, the source added: “We don’t have to obtain a court order before attaching any property.
Our Act is very clear with regards to that.
Once you link a property to proceeds of crime, the next thing is to attach it by way of marking and to approach the court for forfeiture.”
Also being investigated by EFCC in respect of the N17 billion Kwara state bond are outgoing Governor Abdulfatah Ahmed and the accountant-general of the state.

Source:-naija news. Com

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