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EFCC seals Dubai firm linked to Buratai's property

14 July 2016, 09:43

Abuja - The Economic and Financial Crimes Commission (EFCC), has closed down the Abuja office of the First Group, a property firm said to be based in Dubai, United Arab Emirate, Vanguard reports.

The commission has been investigating the firm for months for allegedly fleecing unsuspecting Nigerians to the tune of $200 billion.

The anti-graft agency disclosed this in a statement on Wednesday, July 13.

The statement read: “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.

Also read: #BurataiGate: Nigerians call for Buratai's resignation

“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.”

The First Group, a real estate development company, is allegedly involved in the purchase of properties in Dubai by Tukur Buratai, the chief of army staff.

Buratai purchased two luxury properties in a posh area of Dubai for N120 million naira. He was said to have purchased these properties in one installment using a Skye bank account.

- News 24


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