Luxurious mansions owned by some Nigerians, including those standing trial for corruption, in the United Kingdom, have been exposed.
President Muhammadu Buhari and the Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, are billed to depart Nigeria tomorrow(Tuesday) for an anti-graft summit in London.
In a report entitled: ‘Palaces of Corruption’, The Mail on Sunday, published pictures and locations of houses belonging to two late former governors, who faced graft charges in their lifetime.
The property of James Ibori, former Delta State governor, who is currently serving a jail term, was also included in the report, in addition to that of Jimoh Ibrahim, lawyer and billionaire businessman. Ibrahim, though not a politician and has never been investigated for corruption, he is believed to be heavily indebted to the banks.
Nigerians were not the only ones listed in the report.
The children of Muammar Gaddafi, Libyan dictator; Omar Bongo, late president of Gabon; Ilham Aliyev, Azerbaijan’s leader; and Kurmanbek Bakiyev, Kyrgyzstan president, were also included.
“Properties bought with dirty money often sit empty for long periods. Those living nearby have no idea who their neighbours are, undermining any sense of community. Most importantly, those properties are taken off the market, further squeezing housing supply,” the report read.
Nigerians are known to have properties in choice locations across the world.
Recently, Süddeutsche Zeitung, a German newspaper, obtained documents, #Panama Papers, that exposed how over 100 Nigerians stashed billions in tax havens.
• Culled from The Cable