Diezani, seven ex-governors, others to lose Dubai assets
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Diezani |
With the signing of a pact by the Federal Government and the United Arab Emirates (UAE) yesterday, the coast is clear for the Federal Government to seize assets of 22 politically exposed persons and businessmen in Dubai.
The funds traced to them, which are believed to have been looted, are to be frozen and repatriated to Nigeria.
All the 22 former political leaders and businessmen are being investigated by the Economic and Financial Crimes Commission (EFCC).
The ratification of the six agreements between the two countries delayed the seizure of the assets. Read www.newsheadline247.com
From the records at the Land Registry in the UAE, most of the properties have been traced for forfeiture with the UAE authorities.
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