How 130 Dubai Assets Were Traced To Nigerian Ex-Governors, Senators saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.
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) .
The Chief Economic Adviser to Governor Ifeanyi Okowa of Delta State, Mr. Kingsley Emu, the Executive Secretary, Delta State Micro, Small and Medium Enterprises Agency, DEMSMA, Mrs. Orezi Jane Esievo, and other top political leaders from the state, have bought luxury flats worth millions of dollars in the world-famous Burj Khalifa and Marsa Dubai Plaza, documents obtained
Emu, former Commissioner for Economic Planning in the immediate past administration in Delta, was appointed Chief Economic Adviser by Governor Okowa in 2019.
An average price of luxury properties in Burj Khalifa building costs 11,984,888 United Arab Emirates Dirham or $3.2 million, an equivalent of N1.2 billion. While in Marsa Dubai Plaza, an average Luxury flat of 2bedroom goes for AED 2,654,000 or $722,570.00 and equivalent of about N274.5million.