New File Exposes Nigerians Proudly owning Property in Dubai

• Bagudu, Ekweremadu, others linked to 800 Dubai properties price N164bn
Gboyega Akinsanmi
The Chairman, Progressives Governors Dialogue board, Alhaji Atiku Bagudu, a lawmaker representing Enugu West Senatorial District, Senator Ike Ekweremadu and normal Managing Director of the got Oceanic Bank, Mrs. Cecilia Ibru are among 334 well-known Nigerians who owned properties in Dubai, United Arab Emirates, a brand unusual fable has printed.
The fable, printed by an American-essentially essentially based non-governmental organisation, Carnegie Endowment for International Peace, acknowledged 800 properties in Dubai, United Arab Emirates.
The fable, which is titled; “Dubai Properties: An Oasis for Nigeria’s Immoral Political Elites”, is essentially essentially based largely on inner most info compiled by UAE-essentially essentially based actual property and property professionals.

It place the price of the properties at N164 billion. The fable acknowledged that the well-known public figures otherwise described as politically-exposed persons (PEP), who were came upon to earn these properties, slice across Nigeria’s predominant ethnic, spiritual and political divides.
The fable additional acknowledged that about 20 normal and serving governors, seven normal and serving senators, most modern and normal heads of ministries, departments and agencies of presidency, commissioners and these described as ‘money changers,’ that’s, bureau de commerce operators, earn a predominant collection of the properties.
Among the other acknowledged folks linked to the properties encompass the traditional PDP chairman, Ahmadu Ali; normal Kwara Articulate governor, Mohammed Lawal; normal petroleum minister, Dan Etete; one other normal deputy senate president, Ibrahim Mantu; normal Managing Director of the got Oceanic Bank, Mrs. Cecilia Ibru.
Others are the traditional inspector total of police, Tafa Balogun; normal chairman of militia pension board, Bala Mshelia; normal group managing director of the Nigeria Nationwide Petroleum Corporation (NNPC), Ladan Shehu, and a normal head of the petroleum product marketing and marketing company, Samuel Okeke, among others.
The fable, in accordance to its author, is essentially essentially based largely on inner most info compiled by UAE-essentially essentially based actual property and property professionals.
The UAE-essentially essentially based actual property professionals had in 2016, made the info on hand to the Heart for Stepped forward Defense Studies (now steadily known as C4ADS) as confidential sources.
The centre, however warned that the info did now not constitute property deed, which it stated changed into a invent of loyal documentation strictly managed within the UAE as confidential info.
The fable warned, “Further, the info, remaining updated in 2016, show the affiliation of folks and entities with Dubai property at that second in time, and, as such, this paper makes no claim that these affiliations appreciate persevered past that year. The level out of any particular person, company, organisation, or entity in this paper does now now not indicate the violation of any law or global settlement.”
The fable moreover acknowledged that you are going to mediate of use of fronts by well-known Nigerians including normal Delta Articulate Governor, James Ibori.
In accordance to the fable, about four political associates of the traditional governor were came upon to appreciate ties to properties in Dubai. “One is linked to four Dubai properties, purchased for a total of $3.8 million, in accordance to Sandcastles info.
Any other is affiliated with a two-bedroom flat on the 21st ground of the DAMAC Residenze, which, in accordance to the developer, “comes with the total trappings of an indulgent daily life,” along with to “uninterrupted panoramic views of the ocean.”
The fable additional well-known that the loyal reportedly purchased the home for over $1.5 million and moreover purchased a flat in a single other pattern for $500,000.66.
“A third Ibori ally is linked to a two-bedroom flat on the 23rd ground of the DAMAC Residenze that he purchased for over $1.3 million. Yet one other is tied to four luxurious residences in Dubai, purchased for simply over $2 million in total,” the fable added.
There might well be moreover a businessman involving about technology and petroleum sectors, Shehu Badamasi, who is declared to appreciate created a Dubai property empire price over 120 million greenbacks. He is declared to appreciate performed this no topic being infamous to Nigerian law enforcement.
The fable well-known that Badamasi asserted that he and his companies construct now now not, as of February 2020, earn any Dubai actual property. “When requested to account for whether he owned property ahead of 2016—the length covered by the Sandcastles info—he did now not express proudly owning it.”
The businessman changed into stated to be known to the EFCC having been allegedly arrested, at least twice, for alleged prison conspiracy, fraud, and diversion of credit facility price roughly N17.7 billion.
“Badamasi seems to appreciate owned Dubai property thru two companies he controls. Via Nujuum Ventures, he changed into linked to 89 properties. He moreover holds an 11 per cent stake in Bag Digital Technology (formerly the Nigerian Sports Lottery) thru Nujuum. Badamasi’s other predominant company vehicle is Tanzila Petroleum, a petroleum merchandise trading company. Via Tanzila, he changed into affiliated with 25 Dubai properties, purchased for a total of 25.7 million greenbacks,” fable stated.


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