Anti-graft War: FG closes in on $200 billion Dubai Loot

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The repatriation of the nation’s loot stashed away in the UAE running close to over $200 billion by some former Governors, ex-ministers and other public office holders is set to begin.

According to sources, some properties worth millions of dollars belonging to Politically Exposed Persons (PEPs) may also be seized in the process.

A team put together by the Federal government including; the Minister of Justice and Attorney-General of the Federation, Mr. Abubakar Malami; the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu; and cracking detectives from the anti-graft agency has yesterday begun collation and verification of gathered intelligence in the ongoing investigation.

EFCC officials were reported to have arrived Dubai on Saturday and joined by the Ministers yesterday. Added to the team of investigators was the Attorney-General of the Federation who had barely returned from an official assignment before being booked to join the investigative panel in Dubai.

According to source in the government privy to the information; “Yes, the AGF and the EFCC chairman with some top officials of the anti-graft agency are in Dubai for a follow-up technical session on the Mutual Legal Assistance between Nigeria and the UAE.

“I can confirm the official trip and it is meant to recover looted funds.”

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