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LequteMan
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A former Nigerian governor in a panic move has attempted to evacuate a sizeable loot from the United Arab Emirates, after anti corruption light was shone on him, the Nation reports.
The authorities in the UAE are keeping intense watch over the ex governor who is believed to have stashed a $517million loot in the nation.
Reports say the UAE action helped in thwarting a recent move by the suspect to move the looted funds to the Dominican Republic.
The former governor is “under the watch-list of the UAE and the Economic and Financial Crimes Commission (EFCC)," someone familiar with the matter said.
“He (former governor) has been worried in the last few weeks but the law will catch up with him.
“The ex-governor made botched attempts to transfer about $517million loot to the Dominican Republic because UAE law is now strict.
“The affected ex-governor is lying low and avoiding that country in order not to suffer the James Ibori fate.”
Also under security watch in the UAE are the accounts and other transactions of some Nigerian VIPs who have turned the country into a safety net for their loots.
A ten year jail sentence awaits money launderers in the UAE.
The authorities in the UAE are keeping intense watch over the ex governor who is believed to have stashed a $517million loot in the nation.
Reports say the UAE action helped in thwarting a recent move by the suspect to move the looted funds to the Dominican Republic.
The former governor is “under the watch-list of the UAE and the Economic and Financial Crimes Commission (EFCC)," someone familiar with the matter said.
“He (former governor) has been worried in the last few weeks but the law will catch up with him.
“The ex-governor made botched attempts to transfer about $517million loot to the Dominican Republic because UAE law is now strict.
“The affected ex-governor is lying low and avoiding that country in order not to suffer the James Ibori fate.”
Also under security watch in the UAE are the accounts and other transactions of some Nigerian VIPs who have turned the country into a safety net for their loots.
A ten year jail sentence awaits money launderers in the UAE.
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