Corrupt Nigerian Leaders Find Safe Hiding Haven In Dubai

Date: 11-12-2011 12:31 am (12 years ago) | Author: Daniel Bosai
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- at 11-12-2011 12:31 AM (12 years ago)
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Corrupt Nigerian leaders have found a safe haven in Dubai, one of the seven emirates in the oil-rich United Arab Emirates (UAE), for stashing away their loot. The spendthrifts among them have also devised ways to satisfy their celebratory appetite at the drop of a hat. Sunday Sun investigation during a recent visit revealed that with tightening of the noose on slush funds in the Western world, some smart Nigerian leaders turned their focus to the delectable tourism city and business hub.


It was gathered that a former military administrator, who became an ambassador, owns a 35-storey tower named after him in the city. The structure is worth several millions of dollars.

A former Nigerian vice president also has a state-of-the-art building in the upscale Jumeirah district, close to the Atlantis Hotel, which is one of the most expensive and luxurious hotels in the world.

Among others said to own exotic structures in the Arab city are a former Lagos State governor, who is gradually emerging as a political Sheikh in Nigeria as well as a former radical Federal Capital Territory (FCT) Minister from the North. Both property are in the Deira axis of the emirate. Harried former Delta State governor, James Ibori - currently facing corrupt enrichment charges before a Crown Court in London - was equally said to have eye-popping investments there.

Our source revealed that during the late President Umaru Yar’Adua ill-health saga, the cabal, made up of his loyalists and some northern governors, usually congregated at Ibori’s home to plot their strategy before going to Saudi Arabia, where the late Nigerian leader was hospitalised.


“Nigerians are well respected here and they have the highest number of visa applications on a daily basis. The Dubai authorities grant not less than 95 per cent of these applications.”


“Besides, it is safe for the corrupt leaders to hide their stolen wealth because they would not be exposed unlike in America or Europe. Here, Nigerian leaders buy estates and pay cash even though most of the property consultants and firms operate flexible payment terms. The firms agree to spread the payment period over five to eight years. But these leaders prefer to develop the Dubai economy and, unfortunately, it is with the money they have stolen,” he lamented.
Other features however make the emirate attractive, such as its loosely regulated free trade zones, thriving ports, freewheeling property sector and permissive business environment. These combine to make Dubai very attractive for money launderers.

According to an international crime threat assessment prepared for the United States government by the Federation of American Scientists in 2002, “money-laundering activity in the UAE total $1 billion annually” after Dubai’s property sector was opened up to foreign buyers. But the authorities do not agree as they play down the extent of money laundering, saying there were laws to fight it.



Sunday Sun further learnt of governors that do not own property in Dubai but live large and revel in the splendour of the Burj Al Arab Hotel.

Described as ‘seven-star’, it is the most luxurious hotel in the world where the rate of a suite ranges between $1,000 (N160,000) and $28,000 (N4.5 million) per night. The iconic 60-floor structure, designed like the sail of a boat (actually built to resemble the sail of a Dhow, a type of Arabian vessel), stands 321 metres (1,053 feet) on an artificial island about 280 metres (919 feet) from the Jumeirah beach, and is connected to the mainland by a private curving bridge.


Source: http://www.sunnewsonline.com/webpages/news/national/2011/dec/11/national-11-12-2011-001.html


Posted: at 11-12-2011 12:31 AM (12 years ago) | Addicted Hero
- Obitexa at 11-12-2011 12:39 AM (12 years ago)
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Dont worry, soon una go vomit all the money wey una steal...enjoy am now una still get am  Angry Angry Angry
Posted: at 11-12-2011 12:39 AM (12 years ago) | Upcoming
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- Ajento at 11-12-2011 01:59 AM (12 years ago)
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Just sickening.
Posted: at 11-12-2011 01:59 AM (12 years ago) | Gistmaniac
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- Kenwisdom at 11-12-2011 02:14 AM (12 years ago)
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God  help  us .
Posted: at 11-12-2011 02:14 AM (12 years ago) | Upcoming
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- Ask_For_Email at 11-12-2011 02:47 AM (12 years ago)
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Quote from: Kenwisdom on 11-12-2011 02:14 AM
God  help  us .


Is you and @Ajento. stupid or pretending to be stupid? I think it's the former. Why ya'll surprised? God isn't gonna help you put a square peg in a round hole. At this level Democracy does not work. All you need to do is look at my country, the UK and what's going down in other EU countries. Maybe a conversation with democrazy http://www.naijapals.com/?L=users.profile&id=4574 will open your eyes.

But then again ya'll are Nigerians and are probably too stupid to understand him.
Posted: at 11-12-2011 02:47 AM (12 years ago) | Upcoming
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- dlimelite at 11-12-2011 03:51 AM (12 years ago)
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 Angry Angry Angry Angry Angry Angry Angry Angry Angry Angry
Posted: at 11-12-2011 03:51 AM (12 years ago) | Hero
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- Celestial1 at 11-12-2011 06:05 AM (12 years ago)
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Dirty Bitches!
Posted: at 11-12-2011 06:05 AM (12 years ago) | Upcoming
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- Ecto at 11-12-2011 06:13 AM (12 years ago)
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I wonder why Some People Want to Live In every city at a time! Damn it!
Posted: at 11-12-2011 06:13 AM (12 years ago) | Gistmaniac
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- barryif at 11-12-2011 06:30 AM (12 years ago)
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just passing
Posted: at 11-12-2011 06:30 AM (12 years ago) | Upcoming
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- Simon-Zeletus at 11-12-2011 07:05 AM (12 years ago)
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They like good thing but they don't want it happening in their country bastard
Posted: at 11-12-2011 07:05 AM (12 years ago) | Gistmaniac
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- visioneer at 11-12-2011 07:38 AM (12 years ago)
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so sad that things re happening like this and nobody s doing anything to stop , or try to lessen but one be one trap go catch money
Posted: at 11-12-2011 07:38 AM (12 years ago) | Upcoming
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- rich222 at 11-12-2011 07:41 AM (12 years ago)
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Nigeria money has gone far, what will we do to get them back, ohh
Posted: at 11-12-2011 07:41 AM (12 years ago) | Upcoming
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- faco at 11-12-2011 08:07 AM (12 years ago)
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Am not suprise, God sees
Posted: at 11-12-2011 08:07 AM (12 years ago) | Upcoming
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- saigongangs at 11-12-2011 08:10 AM (12 years ago)
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SHUT THE phyuk UP!!! WHERE YOUR LAZY FATHER'S AT WHEN THESE SO CALLED HARD-WORKING MEN WERE LOOTING??? MOTHER phyukERS YOU COMPLAIN ALOT...!!!
Posted: at 11-12-2011 08:10 AM (12 years ago) | Newbie
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- Kelechiart at 11-12-2011 08:18 AM (12 years ago)
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It is our fault.why let de white go in de first place.
Posted: at 11-12-2011 08:18 AM (12 years ago) | Newbie
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- kattie77 at 11-12-2011 08:22 AM (12 years ago)
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old gist
Posted: at 11-12-2011 08:22 AM (12 years ago) | Gistmaniac
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- embago at 11-12-2011 09:12 AM (12 years ago)
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Lol na today you know that one?? abi you won make i shout watin our useless leader day do with our money, your current presido day deceive us with beard while in don carry our money day invest aboard..sons of bitches..
Posted: at 11-12-2011 09:12 AM (12 years ago) | Upcoming
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- ebonypride at 11-12-2011 09:19 AM (12 years ago)
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na today? Baba fela don see am tey teey! but one day go be one day, they suppose to learn from what is happening around the globe
Posted: at 11-12-2011 09:19 AM (12 years ago) | Upcoming
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- Hollandear at 11-12-2011 09:46 AM (12 years ago)
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God is the best Judge!

Posted: at 11-12-2011 09:46 AM (12 years ago) | Upcoming
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- FinlandGuy at 11-12-2011 09:55 AM (12 years ago)
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Quote from: rich222 on 11-12-2011 07:41 AM
Nigeria money has gone far, what will we do to get them back, ohh

Lets 419 the whole money back
Posted: at 11-12-2011 09:55 AM (12 years ago) | Gistmaniac
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fire TRENDING GISTS fire