Nigerian Politicians Own Properties Worth $400m in Dubai

Properties worth $400 million in Dubai, (UAE) have been traced to some Nigerians in positions of authority.

This was disclosed at a 2-Day Capacity Building for Investigators on Investigating organised by the Independent Corrupt Practices and Other Related Offences Commission.

In a paper titled Illicit Financial Flows in Real Estate and Education Sector. Matthew Page, an associate fellow, found out that 35 state governors have acquired a total of 69 properties, five presidency staff members were controlling 13 properties, while 16 lawmakers are in possession of 45 properties.

According to the findings, 15 ministers have 25 properties, 158 suspected politicians’ proxies are in control of 226 properties, 14 security sector leaders 71, 13 Known Nigerian law enforcement agency suspects 216, 16 heads of department and agency 25, 11 NNPC officials 19, a judge has one.

Mathew Page, also disclosed that Nigerian politicians are spending over $30 million annually on UK education, which he said was beyond their annual earnings.

Culled in The Guardian