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, , stormed
the office of a Dubai property firm, The First Group Company, in Abuja.
$200billion loot in the United Arab Emirates (UAE) by former political
office holders, operatives of the EFCC today, , stormed
the office of a Dubai property firm, The First Group Company, in Abuja.
According
to Sahara Reporters, the real estate development company located on the
seventh floor of the Bank of Industry building of the Central Business
District, Abuja, is same one featured in its investigations into the
alleged properties
belonging to Army Chief of Staff Tukur Buratai.
to Sahara Reporters, the real estate development company located on the
seventh floor of the Bank of Industry building of the Central Business
District, Abuja, is same one featured in its investigations into the
alleged properties
belonging to Army Chief of Staff Tukur Buratai.
The EFCC team raided the company’s seventh-floor office 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.
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.
Sources from
the EFCC have told SaharaReporters that The First Group scammed
Nigerians out of more than $200 billion. Investigations by the EFCC also
revealed that the company known as
TFG Real Estate Limited, which operates in Nigeria, is fronting as The
First Group company which according to sources is based in Dubai and not
registered in Nigeria.
the EFCC have told SaharaReporters that The First Group scammed
Nigerians out of more than $200 billion. Investigations by the EFCC also
revealed that the company known as
TFG Real Estate Limited, which operates in Nigeria, is fronting as The
First Group company which according to sources is based in Dubai and not
registered in Nigeria.
The First Group, which operates as a Ponzi scheme, entices Nigerians
to invest in Dubai properties and forces them to make payments. When
they can no longer service those payments the company seizes their money.
to invest in Dubai properties and forces them to make payments. When
they can no longer service those payments the company seizes their money.