The Federal High Court, Lagos, on Monday declined to grant the application of the Economic and Financial Crimes Commission (EFCC) for a forfeiture order property of former Senate President, Dr. Abubakar Bukola Saraki, located in Ikoyi.
The court ruled that the houses were not purchased with illicit fund or proceed of illegal activity.
Metrowatchonline reports that Justice Liman Mohammed, while giving judgement the matter, stated that the EFCC failed to provide any proof that the money with which the houses located on McDonald Road, Ikoyi, were bought came from any establishment related to the Kwara State Government.
Accordi g to the report, the Judge therefore concluded that the houses were purchased with a credit facility granted Saraki by the Guaranty Trust Bank (GTBank).
It will be recalled that the findings of the court was in line with the conclusion of the Supreme Court in the Asset declaration case involving Dr. Saraki in which the same property were the subjects.
The Federal High Court also stated that the matter before him was not criminal in nature like the Supreme Court case under reference
