Present & Former GOVERNORS, SENATORS, OTHER POLITICIANS That Reportedly Have 'Over 800 PROPRERTIES' In Dubai - OLAMORE
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Present & Former GOVERNORS, SENATORS, OTHER POLITICIANS That Reportedly Have ‘Over 800 PROPRERTIES’ In Dubai

Last year, an American-based non-governmental organization, Carnegie Endowment for International Peace published a report that indicted some Nigerian politicians to owning over 800 properties scattered around the city of Dubai, United Arab Emirates..

The report noted that about 20 former and serving governors, seven former and serving senators, current and former heads of ministries, departments and agencies of government, commissioners and those described as ‘money changers,’ that is, bureau de change operators, own a significant number of the properties.

We take some top politicians that found their way to the list and the different properties linked to them

Atiku Bagudu

Described in the report as Abacha man, Bagudu is said to be linked to eight properties on the twelfth floor of Dubai’s capital bay towers development. The properties are said to be worth more than $4.8 million in total.

Bagudu’s name has consistently appeared in some of the recoveries of monies stashed abroad by  Abacha.  Bagudu, the incumbent Kebbi State governor, helped Mr. Abacha embezzle billions of dollars from government coffers in the mid to late 1990s, according to U.S. court filings.

He has, however, continued to deny all corruption allegations leveled against him, but a 1998 Nigerian government investigative panel described how Mr. Bagudu and his accomplices siphoned these funds.

Very recently, Nigeria was reported to be committed to a deal that would give Mr. Bagudu about $100 million from funds recovered from his erstwhile boss, Mr. Abacha. This was revealed through a report by Bloomberg, which cited court documents.

Late Mohammed Lawal

He was the governor of Kwara State between 1999 and 2003 and was a military governor of Ogun State between 1987 and 1990. Mr. Lawal is linked to six properties with a total purchase price of over $2 million. “At least, one of those properties, a villa, was bought in January 2003, while Lawal was still in office.”

Ike Ekweremadu

Currently Nigeria’s longest-serving parliamentarian and three-time deputy president of the senate, Mr. Ekweremadu is said to be connected to eight Dubai properties, with an estimated total value of more than $7 million. “These include a luxury flat in Park Towers bought for $2.2 million and one in Burj Dubai purchased for $1.4 million.”

Described as a career politician,  Ekweremadu is also linked to at least two properties in the United Kingdom, which according to the records were purchased between 2008 and 2011 for a total of 4.2 million pounds sterling in 2011.

“One of these properties, an upscale flat in central London, is registered in the name of Ekweremadu’s charitable foundation while the second, a detached house in a leafy north London suburb, is owned by a shell company registered in the British Virgin Islands,” the report stated.

The researcher noted in the report that through Mr. Ekweremadu’s unnamed spokesman, he denied owning “purported ‘hidden properties’” and has stated, “unequivocally that he declared all his assets with the Code of Conduct Bureau as required by law.”

Late Ibrahim Mantu:

the late former deputy senate president and an advocate of third term agenda for former President Olusegun Obasanjo, Mr. Mantu is linked to 12 of the 800 properties which he was said to have purchased for a total of over 10 million dollars through a front company, TSE Stevedoring Nigeria.

His wife and sons reportedly own 70 percent of the company. “Through another company, A-Z Properties, Mantu also is linked to a $600,000 flat in the Jumeirah Beach Residences while his son, Musa, is also tied to a comparable flat in the same development.”

Ahmadu Ali

A former chairman of the PDP, Mr. Ali; his wife, Marian Ali, and his son, Mamman Ali are linked to 11 of the identified properties. Seven of the said properties are worth about $4 million while the other four are said to be worth an estimated $2 million.

The report added; “Ali also owns two high-end London properties: a $10 million house near Hampstead Heath and a $1.3 million flat in Marylebone.84 Ali did not respond when given an opportunity to comment on the aforementioned allegations or his family’s possible connection to property in Dubai.”

Cecilia Ibru

The former bank managing director, her family, and associates are linked to dozens of properties in Dubai as recently as 2016, according to the report. They include eight apartments in the Park Towers development purchased for a total of $4.3 million; a flat in Dubai Marina now worth about $500,000, and four commercial properties.

These are apart from $1.2 billion in stolen cash and assets forfeited to the Federal Government of Nigeria following her plea bargain with the Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-graft agency after she pleaded guilty to three of 25-count of fraud brought against her.

The forfeited assets then had included 12 homes in the United States; four homes in South Africa, 28 shop fronts and seven residences in Dubai; 41 properties in Lagos, and eight houses in Abuja, Nigeria’s capital city.

James Ibori

Meanwhile, the report also identified possible use of fronts by prominent Nigerians including former Delta State governor, James Ibori.

According to the report, about four political associates of the former governor were found to have ties to properties in Dubai. “One is linked to four Dubai properties, purchased for a total of $3.8 million, according to Sandcastles data. Another is affiliated with a two-bedroom flat on the 21st floor of the DAMAC Residenze, which, according to the developer, “comes with all the trappings of an indulgent lifestyle,” as well as “uninterrupted panoramic views of the ocean.”

The report further noted that the official reportedly purchased the apartment for over $1.5 million and also bought a flat in another development for $500,000.66.

“A third Ibori ally is linked to a two-bedroom flat on the 23rd floor of the DAMAC Residenze that he purchased for over $1.3 million. Yet another is tied to four luxury flats in Dubai, purchased for just over $2 million in total,” the report added.

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Update Source: Olamore.com

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