The Economic and Financial Crimes Commission (EFCC) says it has sealed off The First Group Company in Abuja, a Dubai firm linked to properties purchased by Nigeria’s Chief of Army Staff, for alleged $200bn scam.
The anti-graft agency revealed this in a statement on Wednesday.
The firm is allegedly involved in the purchase of property in Dubai by Tukur Buratai, lieutenant general and chief of army staff.
EFCC in the statement said: “As part of the ongoing probe of the laundering of over $200billion loot in the United Arab Emirates (UAE) by former political office holders, operatives of the EFCC today, July 13th 2016, stormed the office of a Dubai property firm, The First Group Company, in Abuja.”
“The EFCC team raided the company’s seventh-floor office at the Bank of Industry building in the Central Business District of the Federal Capital Territory after obtaining a search warrant.”
“The company is also being investigated for allegedly defrauding unsuspecting Nigerians by luring them to invest in real estate in Dubai.”
“A prominent Nigerian is alleged to have lost about $402, 000 in a phony real estate transaction with the company. Details later.”
The Acting Chairman of EFCC, Mr. Ibrahim Magu, on Tuesday evaded questions on the recent calls for the probe of the Chief of Army Staff for purchasing properties worth $1.5m in Dubai, the United Arab Emirates.
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