The Economic and Financial Crimes Commission (EFCC) has accused former Senate President Bukola Saraki of diverting N12 billion from the treasury of the Kwara State Government illegally while he was governor of the state between 2003 and 2011.
The commission said the money was withdrawn in cash, the Punch Newspaper reported.
The money, EFCC said, was allegedly used by Mr Saraki to offset a N1.36 billion bank loan he used in purchasing homes at 15, 15A, 17, 17A and four flats on Macdonald Road, Ikoyi, Lagos, hence, its decision to seize the properties.
The EFCC had in May, marked the said properties placing inscriptions ‘EFCC, Under Investigation’ in red on the walls and the fences of the houses.
It said Mr Saraki purchased them from the Presidential Implementation Committee for the Sale of Government Property through shell companies.
In a counter-affidavit to Mr Saraki’s originating motion with suit number FHC/ABJ/CS/507/2019, the anti-graft agency asked Justice Taiwo Taiwo of the Federal High Court, Abuja, to rescind the ex parte order preventing the commission from investigating and prosecuting Mr Saraki.
In a counter-affidavit deposed to by Ojilibo Stanley on behalf of the EFCC, the agency said it had established a case of money laundering, criminal breach of trust and conspiracy by the immediate past Senate President.