Ex-governor stashed $517m loot in UAE, under EFCC watch

A former Nigerian governor who is believed to have stashed $517million loot in the United Arab Emirates (UAE) is under close watch.

The Nation reports that the ex-governor recently attempted to move the looted funds to the Dominican Republic but it was thwarted by the authorities in the UAE who are keeping intense watch over him.

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The Middle East country is also keeping watch over the accounts and other transactions of some Nigerian VIPs who have used the country as a safety net for their loots.

There is a collaboration between the Nigerian and UAE security agencies to monitor the activities of many Nigerians, especially those categorized as “Politically Exposed Persons (PEPs).

The intelligence report on the former governor is one of the dividends of the collaboration.

The former governor is “under the watch-list of the UAE and the Economic and Financial Crimes Commission (EFCC),” a source familiar with the development said.

The source said the former governor tried to transfer the loot because UAE law is now strict, adding that the law will catch up with him.

“The affected ex-governor is lying low and avoiding that country in order not to suffer the James Ibori fate,” the source said.

According to Mallam Shehu Sani, the chairman of the Senate committee on Foreign and Domestic Debts, as much as $200 billion of stolen funds from Nigeria may have been hidden in the UAE by past public officers and their agents.  http://www.bengist247.com/2016/03/ex-governor-stashed-517m-loot-in-uae.html?m=0

Posted: at 6-03-2016 02:23 PM (8 years ago) | Upcoming

so who is this governor now becos am tired of ex governor

Posted: at 12-03-2016 12:21 AM (8 years ago) | Hero