EFCC seals off Saraki’s five assets in Lagos

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Five properties belonging to the Senate President, Bukola Saraki located in high brow Ikoyi, Lagos has been sealed off by the Economic and Financial Crimes Commission (EFCC), citing ongoing investigation.

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.

The mansions under seal include 15, 15A, 17 and 17A McDonald Road, Ikoyi.

The commission suspects Saraki of having acquired the properties with state funds when he served as Kwara State governor between 2003 and 2011.

An EFCC source said of the probe: “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 N17billion Kwara State bond are outgoing Governor Abdulfatah Ahmed and the Accountant-General of the state.

The agency wants to establish how the money was spent.

The anti-graft agency suspects that part of the funds may have been diverted for private use.

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