The partnership between the Nigeria government and that of the United Arab Emirates (UAE) have began to yield benefict as the UAE government has decided to reveal to the Economic and Financial Crimes Commission (EFCC) a list of Nigerians with loot stashed in the middle eastern country.
According to the Nigerian Senate, over $200 billion is hidden in Dubai. The EFCC has already began sifting through the list which includes high profile politicians, bankers, oil executives and other politically exposed persons. The EFCC says it is already monitoring the movements of 22 such individuals who spend most of their time in Dubai.
A source who claimed anonymous in the EFCC said that the list may eventually be released to the public after investigations are concluded.
The Statement read: “In line with its Beneficial Ownership laws, we have already a database of Nigerians with assets in the United Arab Emirates, including properties of some high-profile Nigerians under investigation.We are already studying the database in line with our ongoing investigation and profiling. We have a long list of some politically exposed persons and businessmen under probe.
“The signing of the agreements between Nigeria and the UAE by President Muhammadu Buhari last week has opened a robust vista which will hasten our identification and attachment of the suspicious assets. It is time to set out for work. You will recall that over N1.34 trillion was stolen by public officers in seven years. We will trace some of these funds and the assets acquired with them in UAE” .
Source:( Linda Ikeji )