Nigeria In One Minute
Battle to recover looted funds shifts to Dubai
Attorney-General of the Federation/Justice Minister Abubakar Malami and Economic and Financial Crimes Commission(EFCC) Chairman Ibrahim Magu have landed in Dubai,United Arab Emirates (UAE) in a renewed battle to retrieve the looted funds allegedly stashed in that country by Nigerian politicians.
The two ranking officials,The Nation can now report, are already comparing notes with their UAE counterparts on how to repatriate the money back home.
It is Malami’s and Magu’s second trip to UAE in one year on the issue.
Choice mansions and malls in Dubai are some of the assets traced to the suspects, including serving public officers.
The Federal Government has in its possession a list of such Politically Exposed Persons( PEPs) and their assets.
The current trip by Malami and Magu comes on the heels of on the spot investigation of the bank accounts and landed properties of the affected suspects by a team of EFCC detectives,sources familiar with the matter said yesterday.
The Nation, February 4, 2017
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