Mega Energy Cooperation with TIpsNews

Tinubu’s Minister, Atiku, Datti Baba-Ahmed, About 200 Nigerian Politicians, Others Linked To $1 Billion Worth Of Properties In Dubai

 Tinubu’s Minister, Atiku, Datti Baba-Ahmed, About 200 Nigerian Politicians, Others Linked To $1 Billion Worth Of Properties In Dubai

The investigation also stumbled on that Nigerians are the 2d-greatest international purchasers of Dubai properties, after India. They contain a crammed with 1,824 right property belongings in Dubai, with 88 p.c of these properties owned by politicians, security officers, civil servants, and their family.

About 200 Nigerian politicians and security officers, along with their families, beget invested almost $1 billion (N1.49 trillion) within the Dubai property market.

A fresh investigation by Alternate Day tagged ‘Dubai Unlocked’ The investigation, led by the Organized Crime and Corruption Reporting Challenge (OCCRP) and Financial system Put up, published that the people beget accumulated a crammed with 1,600 properties in high places in Dubai over the past two a protracted time.

Dubai Unlocked, a six-month investigation into the UAE’s property market, eager more than 70 media companions.

BusinessDay obtained genuine recordsdata from Financial system Put up detailing the properties owned by Nigerian politicians, their family, civil servants, and others linked to Dubai properties. The estimated rate of these properties is $997.seventy nine million.

The investigation also stumbled on that Nigerians are the 2d-greatest international purchasers of Dubai properties, after India. They contain a crammed with 1,824 right property belongings in Dubai, with 88 p.c of these properties owned by politicians, security officers, civil servants, and their family.

Frail Nigerian Vice President Atiku Abubakar has been linked to a plush three-bedroom house in Dubai’s Palm Tower, valued at $1.23 million. Moreover, his daughter, 23-yr-aged Hadiza, owns two properties in Dubai – a one-bedroom flat at Alternate Centre 2nd, rate $104,135, and a two-bedroom flat at Hadaeq Sheikh Mohammed Bin Rashid, valued at $289,305.75, which is reportedly veteran for commercial options.

Nigeria’s Justice Minister and Licensed skilled Overall, Lateef Olasunkanmi Fagbemi, a renowned lawyer and Senior Advocate of Nigeria (SAN), has been linked to a property valued at $85,846 in Al Hebiah Third.

In an identical diagram, Nasir Ahmad El-Rufai, the weak Governor of Kaduna Bid, who served for eight years, owns a four-bedroom house within the identical diagram, estimated at $193,084.

Yusuf Datti Baba-Ahmed, the Labour Event’s vice-presidential candidate within the 2023 elections, has been linked to eight luxury properties rate a crammed with $2.28 million.

These properties are located in high places, at the side of Burj Khalifa, Al Yelayiss, Al Barsha South Fourth, and Town Sq. Safi 2. Though he at this time holds no authorities location, Datti has previously served as a senator and member of the Home of Representatives. He can be the founding father of Baze College, established in 2011.

The investigation has published that Patrick Ifeanyi Uba, the CEO of Capital Oil and a senator representing Anambra South, owns a villa valued at $1.13 million. Moreover, his wife, Uchenna Uba, has been linked to eight properties, with on the least three of them valued at a crammed with $1.70 million. Particularly, one villa in Wadi Al Safa 7 is rate approximately $1.13 million, while two other properties are every valued at $294,516.

Frail Sokoto Bid governor, Attahiru Bafarawa, has been linked to seven properties valued at a crammed with $1.Forty eight million.

Moreover, his wife owns a right property asset located at Palm Jumeirah, rate $750,112.

Meanwhile, weak Kaduna Bid governor, Ahmed Makarfi, has a property valued at $822,016 within the prestigious Burj Khalifa. Furthermore, tiring weak police chief, Tafa Balogun, has been linked to 5 properties in varied places, at the side of Marsa Dubai, with a mixed rate exceeding $1 million.

The investigation also published that weak Police Assistant Inspector-Overall (AIG), Mbu Joseph Mbu, owns a property in a single other nation. Moreover, three properties beget been linked to Amadu Adah Ali, the weak Chairman of the Peoples Democratic Event (PDP). Furthermore, a property valued at $422,887 became once traced to his daughter, Khadijah Nneamaka Ali, bringing the total selection of properties linked to the family to four.

A weak governor and senator from Borno Bid, Maina Ma Aji Lawan, has been linked to eleven properties.

Meanwhile, Ashe Ahmadu Muazu, the wife of a weak PDP chairman, owns a property valued at $1.16 million located at Hadaeq Sheikh Mohammed Bin Rashid. Moreover, Christabel Bentu, a weak particular assistant to Joshua Dariye, a one-time governor of Plateau Bid, has been traced to at least one property.

It has been published that Isa Mahmoud Nuhu, a senior decent of the Nigerian Customs Carrier (NIS), owns two properties, surely one of which is valued at $553,802.

Moreover, two properties beget been linked to Salisu Abdullahi Yushau, a weak senior officer of the Nigerian Air Force.

A luxury flat located in Marsa Dubai, rate $590,807, has been linked to Mohammed Sidi Sani, the weak director-classic of the Nationwide Emergency Administration Company (NEMA), who became once brushed apart in April 2023 alongside seven other directors of the company.

The investigation has published that Hadiza Ali Sheriff, the wife of a weak governor of Borno Bid, owns a luxury property in Marsa Dubai valued at $3.093 million. Moreover, a right property asset has been linked to Nenadi Esther Usman, Nigeria’s weak finance minister, while one other property has been traced to Bobboi Bala Kaigama, the weak president of the Alternate Union Congress (TUC).

In step with the investigation, Senator Ibrahim Folorunsho Jimoh, representing Ondo South, has been linked to seven properties. Moreover, five properties beget been traced to Ike Ekweremadu, the weak Deputy Senate President, who’s at this time serving a penal complex sentence within the UK.

Furthermore, one property has been linked to Orji Uzor Kalu, the weak Governor of Abia Bid and up to the moment senator, while one other property has been traced to Jeremiah Useni, the weak navy governor of aged Bendel Bid.

Other people linked to properties contain Osita Ben Chidoka, the weak aviation minister, who owns a right property asset estimated at $101,793.37 in Jabal Ali First, and Olisa Metuh, the weak PDP spokesman, who has been linked to at least one other property.

It published that quite a bit of prominent Nigerian figures contain properties in a single other nation. Amongst them are: Abdulsalami Alhali Abubakar, a weak head of declare, who owns a property in Marsa Dubai; Hassan Ardo Tukur, weak predominant secretary to President Goodluck Jonathan, who owns a property valued at $1.025 million; Adeyemi Sabitun Ikuforiji, weak speaker of the Lagos Bid Home of Assembly, who has been linked to a property in Marsa Dubai; and Dan Etete (in overall is called Dauzia Loya Etete), Nigeria’s weak petroleum minister, who owns one other property.

The investigation also highlighted considerations about capital flight from Nigeria to Dubai’s right property market. Analysts suggest that Nigeria ought to rob cues from Dubai to abolish its right property trade more graceful to investors, focusing on factors equivalent to quality, diagram, and guidelines.

While the investigation does no longer present evidence that the people obtained the properties with stolen or public funds, corruption stays a fundamental problem. The UAE is urged to put into effect stricter due diligence measures to forestall the acquisition of properties with illicit funds.

The Dubai property market continues to outperform other world hotspots, with a growth rate of 20.43 p.c within the considerable quarter of 2024. Foreigners already contain spherical 43 p.c of residential properties in Dubai.

Adjust to the Sahara Newshounds channel on WhatsApp: https://whatsapp.com/channel/0029VaFClvtH5JM6SSsP7M2Y

Read More

Digiqole Ad

Related post

Leave a Reply

Your email address will not be published. Required fields are marked *