Breaking… AGF, EFCC boss head to Dubai to recover $200b loot

Hehe... The anti-corruption war is literally getting good as it gets with the planned trip to Dubai, the capital of United Arab Emirate by the Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, and Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ibrahim Magu to recover over $200b looted funds as well asmansions built by some former serving public servants in Nigeria including governors, ministers among other high networth

individuals, Ripples has learnt.Informed sources at EFCC confirmed to Ripples that those being investigated for complicity in the alleged sleaze are seven ex-governors, about six former Ministers, afleeing Presidential aide implicated in the$2.1billion arms deals, ex-military chiefs under probe, agents/fronts of some of these public officers and a about five chieftains of the Peoples Democratic Party(PDP) who have either stashed away funds in Dubai or acquired properties. Ripples Nigeria was reliably informed that a Federal Government team being led by Malami and Magu are perfecting plans to see their UAE counterparts to ensure thorough investigation. While the EFCC officials arrived in DubaionSaturday, the Minister hurriedly left Abujaon Mondaymorning to join the team.A source in the government last night said:“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.”The Chairman of the Senate Committee on Foreign and Domestic Debts, Senator Shehu Sani said over $200 billion had beenhidden in UAE.He said: “Over $200 billion are stashed away from Nigeria to Dubai alone.This may include monies stolen since the past 20 years. I am not talking about estates and bonds and other securities bought with Nigerian stolen money.”A highly placed source at EFCC, who would not be named, said: “The FG team has met with those from the UAE on intelligence sharing, the list of those on EFCC radar, the number of highly-placed Nigerians with fat accounts in UAE and those with choice properties in Marina (Dubai), Bur Dubai, Abu Dhabi and Doha.“Some of the former governors include onefrom the South-South, two from North-Central, two from the North-East, one from the North-West, and one from the South-West.“A former-governor had made botched attempts to transfer about $517million loot to Dominican Republic because UAE law is now strict.“More than six ex-Ministers and a former presidential aide, who is on the run over$2.1billion arms deals, were said to have acquired choice mansions and malls in UAE. One of the former Ministers, who wasalleged to own two houses in Dubai, was said to have served as a front for a former First Lady.“Another ex-Minister had bought some malls through a few cronies in Dubai.The list of such agents is presently being screened.The source continued, that “The success of the collaboration between the FG team and the UAE Government will determine when EFCC will release the concessions on some of these PEPs. Very soon, we will unveil these ex-political office holders.”