The coast is clear for the Federal Government to seize assets of 22 politically exposed people and businessman in Dubai, following the signing of a pact with the United Arab Emirates (UAE) on Thursday.
All the 22 former political leaders and businessmen, are currently being investigated by the Economic and Financial Crimes Commission (EFCC).
According to The Nation, the ratification of the six agreements between the two countries delayed the seizure of the assets.
Those under investigation include: seven former Governors, seven ex-Ministers, four businessmen, a former chieftain of the Peoples Democratic Party (PDP), a former Comptroller-General of the Nigerian Customs Service, a former presidential assistant indicted in the $2.1billion arms deals and a former First Lady who allegedly used fronts to acquire some choice properties.
“With the signing of the agreements, a major hurdle has been cleared and this will enable us to proceed with the application for the seizure of the assets of more than 22 highly-placed Nigerians who have been under probe for alleged money laundering.
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Seven former Governors to lose assets in Dubai
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