The Federal High Court in Lagos jas refused to grant the application of the Economic and Financial Crimes Commission for a forfeiture order on the Ikoyi houses former Senate President, Dr. Abubakar Bukola Saraki.
The court was presided over by Justice Liman Mohammed.
Mohammed instead held that the houses were not purchased with illicit fund or proceed of illegal activity.
Mohammed, who began giving judgement, also stated that the EFCC has not provided 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.
Rather the Judge concluded that the houses were purchased with a credit facility granted Saraki by the Guaranty Trust Bank Plc.
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 Saraki in which the same property were the subject.
The Federal High Court also stated that the matter before it was not criminal in nature like the Supreme Court case under reference.