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How Saraki acquired Ikoyi property with funds from Kwara treasury, EFCC narrates to court

Former Kwara State governor, Senator Bukola Saraki allegedly purchased his Lagos properties with funds drawn from the treasury of the state government, a witness brought to testify in the trial of Saraki recounted before a Lagos Division of the Federal High Court.

Premium Times reported that the witness, Olamide Sadiq, an investigator with the anti-graft agency, EFCC, presented documents to the court on how money was withdrawn from the state account and deposited into Mr Saraki’s domiciled Guarantee Trust Bank account. Mr Sadiq appeared before the judge, Mohammed Liman, according to a statement signed by the EFCC spokesperson, Wilson Uwujaren.

It should be recalled that, last year, the court ordered the temporary forfeiture of two properties located in the Ikoyi area of Lagos State belonging to Mr Saraki following an ex-parte application by the EFCC.

The EFCC is accusing the former President of the Senate of purchasing the properties from the Presidential Implementation Committee for the Sale of Government Property through shell companies.

The agency alleged in a supporting affidavit that Mr Saraki, who served two terms as Kwara State Governor between 2003 and 2011, “withdrew over N12 billion cash from the account of the Kwara State Government and paid same into his accounts domiciled in Access and Zenith Banks through one of his assistants, Abdul Adama, at different intervals.”

The houses, located at 15a, 15b and 17 MacDonald Road, Ikoyi area of the state, had however, been the subject of Mr Saraki’s arraignment at the Code of Conduct Tribunal (CCT), which he won in 2017.

The commission had also on May 2019 marked the buildings with Mr Saraki accusing the EFCC of misleading the court into granting the order as neither he nor his lawyers were aware of any application for any forfeiture order.

Subsequently, the anti-graft agency had also approached the court for final forfeiture of the properties, prompting the court to fix a date for both parties to call deponents and witnesses.

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