Operatives of the Economic and Financial Crimes Commission [EFCC] today, July 13th 2016, stormed the office of a Dubai property firm, The First Group Company, in Abuja.
That was as part of the ongoing probe of the laundering of over $200billion loot in the United Arab Emirates (UAE) by former political office holders,
The EFCC team raided the company’s seventh-floor office at the Bank of Industry building in the Central Business District of the Federal Capital Territory after obtaining a search warrant.
The company is also being investigated for allegedly defrauding unsuspecting Nigerians by luring them to invest in real estate in Dubai.
A prominent Nigerian is alleged to have lost about $402,000 in a phony real estate transaction with the company.
Details later…
