$200bn Scam: EFCC Seals Off Dubai property firm over money laundering

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July 13, 2016

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As part of the ongoing probe of the laundering of over $200billion loot in the United Arab Emirates (UAE) by former political office holders, operatives of the EFCC today, July 13th 2016, stormed the office of a Dubai property firm, The First Group Company, in Abuja.

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 suspecting 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.

Hamilton Nwosa

Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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