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University of Ilorin, Ilorin, Nigeria
AFederal High Court, in Ikoyi, Lagos, has ordered that the total sum of N1.4billion, which is part of the refunded Paris and London Club Loans domiciled at Access Bank Plc and Guaranty Trust Bank (GTBank), be temporary forfeited to the Federal government of Nigeria. The funds were traced to Senate President Bukola Saraki and his aides who took the funds from the Nigeria Governor’s Forum and laundered most of it through jewelry sellers in Dubai. Justice Olatoregun made the order on Friday in accordance to an exparte application filed and argued by the Economic and Financial Crime Commission (EFCC) through its lawyer, E. E. Iheanacho. Apart from the order of temporary forfeiture of the above-stated amount, the court also ordered the EFCC to notify whoever is interested in the said money to appear before the court and show cause why the money should not be finally forfeited. UCJ, UNILORIN.

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