10 Former Nigerian Governors Linked With N30billion Properties In UK
The report on illicit financial flow (IFF) from Nigeria to the UK and the United Arab Emirates (UAE) also shows that 216 properties are owned by 13 law enforcement officers in the UAE.
by SaharaReporters, New York
Apr 14, 2021
A new report has linked 10 former Nigerian governors to properties worth £56 million (about N30 billion) in the United Kingdom.
The report on illicit financial flow (IFF) from Nigeria to the UK and the United Arab Emirates (UAE) also shows that 216 properties are owned by 13 law enforcement officers in the UAE.
A row of terraced residential properties stands in London, U.K., on Friday, March 27, 2020.
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How 130 Dubai Assets Were Traced To Nigerian Ex-Governors, Senators
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Abdulrasheed Baea, EFCC Chairman
More than 130 choice assets have been bought with looted funds in Dubai, United Arab Emirates (UAE), by some ex-governors, ministers and senators.
These assets are among the over 800 traceable to Nigerians in the UAE, including top security and military officers.
Four areas have been identified through which the nation’s resources are looted.
These are Bribery and corruption, proceeds from commercial tax evasions, illicit activities engaged in by corporations and business ventures and proceeds derived from criminal activities.
The Nigeria’s oil and gas sector is belived to have contributed 92.9 per cent of the total amount in Illicit Financial Flows (IFFs) .
Daily Post Nigeria
Published
On Wednesday, the Chairman, Abdulrasheed Bawa, hinted that the commission will go after such assets.
Bawa spoke while receiving a document from a coalition of Nigerian Civil Society Organizations led by the Human and Environmental Development Agenda (HEDA).
Olanrewaju Suraj, HEDA Chairman, presented the ‘Fixing Nigeria’s Illicit Financial Flows’ report compiled by Professor Gbenga Oduntan of Kent University.
Bawa charged citizens to be vigilant and play their part in checking the illicit flow of the nation’s resources out of the country.
“It is one thing for properties to be taken to the UAE and the UK, it is another thing that we ensure that you don’t have the opportunity to take them out in the first instance,” he stated.