Investigators with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have reportedly traced several high-value properties in Egypt allegedly linked to former Kaduna State governor, Nasir El-Rufai.
Officials familiar with the inquiry disclosed that the properties, believed to be worth several billions of naira, were allegedly acquired between 2021 and 2023.
Sources within the anti-graft agency, who spoke on condition of anonymity because they were not authorised to discuss the matter publicly, said the properties are located in New Cairo, an upscale suburb of Cairo known for luxury estates and gated residential communities.
According to investigators, intelligence reports available to the commission suggest that multiple villas and apartments in the area may be linked to the former governor. The properties are reportedly situated in some of the city’s most exclusive residential estates, including Arabella Estate, Banafsek Estate, Oriana Estate and Cairo Festival City.
Findings indicate that villas within Cairo Festival City and Arabella Estate are priced between 50 million and 200 million Egyptian pounds, equivalent to approximately ₦5.3 billion, while luxury apartments in the area sell for about 26 million Egyptian pounds, roughly ₦700 million.
One investigator familiar with the probe said among the properties under scrutiny is a villa located at House No. 113 in Arabella Estate, situated in the Fifth Settlement district of New Cairo. Another property allegedly linked to the former governor is House No. 18 in Banafsek Estate, located in the First Settlement area.
Investigators also identified a property in Oriana II Estate, near the American University in Cairo, reportedly listed as House No. 11.
In addition to the villas, the agency has traced several apartments in the high-end Cairo Festival City development. According to sources, four apartments identified as Units 514, 515, 516 and 517 are among those currently under investigation.
Two other apartments in Oriana Estate, reportedly numbered 4000 and 4100, are also being examined as part of the ongoing probe.
An official involved in the investigation said the commission is currently reviewing intelligence reports and working to establish the ownership structure of the properties.
“We are analysing intelligence reports and attempting to trace the ownership structure of the properties,” the official said.
“The process also involves verifying property registries and financial trails. Because the assets are located outside the country, there are diplomatic and legal channels that must be followed.”
Officials declined to provide further details, citing the sensitivity of the ongoing investigation.
Efforts to obtain comments from the family of El-Rufai were unsuccessful as of the time of filing this report. Meanwhile, the ICPC has not issued an official public statement on the alleged properties or the current status of the investigation.
