News
How ex-governors, others acquired 800 Dubai, London assets
Many past and current state governors, not less than 35, and about 300 former political office holders in Nigeria have been linked with multi-billion choice properties in London and Dubai, it was learnt on Tuesday.
Over $400m was said to have been spent by these prominent Nigerians to acquire 800 properties in the eyebrow areas of the two countries.
Some of those named include a North-West governor, two former deputy presidents of the Senate and a former national chairman of the Peoples Democratic Party (PDP).
Others are 15 former ministers; one judge; 14 police chiefs, security and military chiefs; lawmakers; five staff members in the Presidency; 11 officers of the Nigerian National Petroleum Corporation (NNPC); and 16 heads of departments and agencies.
Also on the list are 50 businessmen serving as fronts for Politically Exposed Persons (PEPs); 158 suspected PEP proxies; and 13 known Nigerian law enforcement agency suspects.
According to a report by The Nation, the facts and figures, including names, revealed on Tuesday by an Associate Fellow, Chatham House, Mr Mathew Page, in a presentation at a training session by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The Zoom session was tagged “Capacity building for investigators on investigating Illicit Financial Flows (IFFs)”.
Page’s paper focused on “IFFs through the Real Estate and Education sectors: Implications for investigators.”
He listed the Real Estate sector and payment of school fees abroad as means being used by High-Risk PEPs to launder stolen funds abroad, especially in Dubai, the United Kingdom and the United States.
He said PEPs and public officers in Nigeria used to engage in Illicit Financial Flows in the Real Estate sector “both as a means to launder money and as something to spend launder money on.”
On laundering in Dubai, Page said it has been possible for high-profile Nigerians because of “global nexus of IFFs, accessibility, permeability, reliability and affordability.”
He said the UAE had also been “reluctant to cooperate and share information.”
Page said, “There are 800 plus properties linked to Nigerian PEPs. They are worth $400million plus.
He said while a serving governor in the Northwest has eight Dubai properties ($5million), a former PDP national chairman acquired 11 Dubai and two London homes at $18million.
He said a former Deputy Senate President secured 14 Dubai properties at $12million and one of his successors bought eight Dubai assets and three UK properties at $15million.
Page said it has been easy to transfer large sums out of Nigeria by PEPs and public officers because of “permissive environment, techniques used to avoid detection, the role of professional enablers, commercial banks, Bureau De Change and cash couriers.
He said Nigerian PEPs have also been using proxies, families, shell companies and links to trade-based money laundering.
He asked anti-corruption investigators in Nigeria to “examine bank transfers to Dubai, verify asset declarations, investigate middlemen and property marketers.”
On the IFFs to the United Kingdom, he gave six examples of how top Nigerians allegedly used payment of school fees to launder money.
Page said, “Former Plateau State Governor Joshua Dariye was charged with corruption in 2007 and convicted in 2018. Despite facing corruption charges, he was able to send his children to UK boarding schools and universities. His children have not been implicated in any wrongdoing.) Estimated Fees Paid: £240,000+
“A senior Nigerian legislator who has been a career politician for the last 25 years had children attending independent British schools and universities. The politician also owns several high-end properties in United Kingdom. Estimated Fees paid: £665,000+
“In 2012, a British court convicted former Delta Sate governor James Ibori of fraud and money laundering. Despite this conviction, he continued to send his children to UK schools and universities. (Note: His children have not been implicated in any wrongdoing.) Estimated Fees paid: £286,000+
“A prominent career politician from Northern Nigeria with minimal income outside official earnings sent several children to UK private schools and universities. The politician’s spouse allegedly owns high-end property in the United Kingdom. Estimated Fees paid: £861,000+”
“A career Nigerian politician who has served in various government positions over two decades sent children to top British boarding schools and universities .The politician also owns high-end property in the United Kingdom. Estimated Fees paid: £447000+
“A prominent career politician from Southern Nigeria sent multiple children to top British boarding schools and universities. The politician also owns luxury property in the United Kingdom. Estimated Fees paid: £343,000+”
The Chairman of ICPC, Prof. Bolaji Owasanoye (SAN), said the commission had dragged about 2,000 corporate entities into the country’s tax net.
He made the disclosure in Abuja while responding to questions from reporters at the end of the capacity building training for investigators
He said the 2,000 corporate entities were discovered during investigations carried out by the commission, adding that their names have been forwarded to the Federal Inland Revenue Service (FIRS) for profiling.
He said: “Some of these entities are not registered and do not pay tax while others are registered, but still do not pay tax. The ICPC has been able to recover significant amount in taxes for the government.”
Owasanoye added: “The loss of revenue is a major challenge to developing countries, particularly Nigeria. The meeting is therefore, designed to build the capacity of our investigators to enable them trace the areas in which the government is losing money, look for the likely places people hide money, stop the illicit financial flows, and recover the funds.
“We are already working with the FIRS and getting a lot of tax evaders and defaulters into the nation’s tax net. One of the takeaways from here is the kind of question an investigator needs to ask in tracking IFFs and money laundering.”
The ICPC boss said it was necessary to “widen the revenue base, improve tax collection, combat tax evasion and illicit financial flows as well as asset recovery to improve the country’s finances.”
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International
Truly Depraved Rapist Jailed for 17 Years After Violent Attack on Woman
A 24-year-old Nigerian national, Gift Oladele, dragged a young woman into woodland and violently raped her has been jailed for 17 years after a judge described his actions as “truly depraved”.
Gift Oladele carried out the attack in Wrexham, North Wales, in September last year after approaching the victim, who was 19 at the time, as she walked home from a night out.
Oladele was convicted of rape and sexual assault at Mold Crown Court in March. He was sentenced on Thursday.
How the Attack Happened
The court heard that Oladele approached the woman and her friends outside a takeaway in Wrexham city centre. He initially appeared friendly and flirtatious before offering to walk home with her.
According to prosecutor James Coutts, Oladele accompanied the woman until they reached an isolated area, where he grabbed her by the mouth and forced her into the woods.
He then carried out a violent rape.
“She described being terrified,” Coutts told the court. “She did what she thought she needed to do to get through the attack.”
Oladele threatened to find and harm the victim if she reported the rape. He also threatened to take photographs of her and post them online.
Despite the threats, the woman returned home and immediately told her parents, who contacted the police.
Oladele was arrested the following day at his cousin’s home in Wrexham. Officers said he had attempted to hide a mobile phone, which contained searches relating to sexual attacks.
The court heard that Oladele had a “fascination in forced sexual abuse and rape” and that he appeared to be acting out a fantasy shown in the videos he had searched for.
Victim Describes Lasting Trauma
In a victim impact statement, the woman told the court that she continued to wake up from nightmares in which Oladele had tracked her down.
“I’m petrified,” she said.
She also described taking medication to prevent HIV infection after the assault and suffering long-term emotional and psychological effects.
“I feel ashamed, and somehow damaged, since what he did to me,” she said.
“The emotional impact has been very significant.
“I can’t go anywhere on my own anymore.
“I feel unsafe.”
Judge Simon Mills praised the woman for her courage during and after the attack.
“You showed exceptional courage during the incident and afterwards,” he told her.
Previous Conviction and Deportation Appeal
At the time of the Wrexham attack, Oladele was already on bail over another rape allegation in Manchester dating from November 2024.
He had also been jailed in 2022 for a sexually motivated attack.
The court heard that Oladele was later due to be deported to Nigeria but successfully challenged the decision on human rights grounds.
An immigration tribunal judge described the deportation case as “finely balanced”, acknowledging the seriousness of Oladele’s previous offence and the public interest in deporting foreign criminals.
However, the tribunal also considered his ties to the United Kingdom, where he had grown up, and the consequences of relocating to Nigeria.
The Home Office made two attempts to appeal the decision, but both appeals were rejected.
Judge Calls Defendant Dangerous
During sentencing, The Judge described Oladele’s actions as “truly depraved”.
“You subjected her to a terrible violation,” he said.
“You are a dangerous offender.”
The judge said Oladele posed an exceptionally high risk of harm to young women and had shown “absolutely no remorse whatsoever”.
The Home Office described the case as horrific and said Oladele’s imprisonment was the right outcome.
The victim’s account has highlighted not only the brutality of the attack but also the lasting fear and emotional damage that sexual violence can cause long after the offender has been convicted.
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News
Missing Billions: Lawmakers Summon NNPCL and 146 Marketers Over ₦432bn Downstream Debt
Nigeria’s federal lawmakers are putting the downstream energy sector under the microscope after audit records revealed that state oil firm NNPCL and private fuel marketers have piled up at least ₦432 billion in unpaid regulatory obligations.
The House of Representatives Public Accounts Committee (PAC) confirmed the formal probe this week, following persistent warnings raised in the Auditor-General’s 2023 and 2024 annual reports.
Regulatory Levies Left Unpaid
The mountain of debt has accumulated over a six-year period from 2017 to 2023, remaining largely uncollected despite the country’s tight fiscal squeeze.
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The liabilities consist of statutory fees meant to fund national energy infrastructure, including the 1% Midstream and Downstream Gas Infrastructure Fund, National Transport Average fees, Balancing Allowances, and lingering credit balances from import and coastal operations.
Audit records track a steep rise in default:
- The 2023 audit initially captured ₦392 billion in total arrears, with NNPCL carrying over ₦162 billion and commercial marketers responsible for ₦230 billion.
- The 2024 report revealed that private marketer debt alone had swelled to ₦432 billion, separate from state-owned NNPCL liabilities.
- Regulatory data from the NMDPRA confirms that 146 companies affiliated with DAPPMAN and MEMAN owed ₦327 billion by 2025.
No Hiding Place for Defaulters
PAC Chairman, Rep. Bamidele Salam, made it clear that parliament expects compliance from corporate leaders, issuing a firm directive against corporate stonewalling.
Salam emphasized that the committee will scrutinize why statutory revenues were permitted to sit idle without vigorous enforcement from the NMDPRA. Defaulters will be forced to present audit trails detailing every transaction, outstanding balances, and proof of any remittances made to date.
For lawmakers, the objective is unambiguous: plug commercial leakages, enforce fiscal discipline, and recover every outstanding naira owed to the federation.
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News
Fresh Blackout Hits Abuja as Apo Substation Transformer Trips
Parts of the nation’s capital have once again been plunged into darkness following an early-morning equipment failure at the Apo Transmission Substation on Wednesday.
The Transmission Company of Nigeria (TCN) confirmed the outage, attributing the disruption to the tripping of a 100MVA TR4 power transformer at its 132kV/33kV facility. Preliminary findings trace the failure to an oil spillage on the transformer’s red-phase High Voltage (HV) bushing, which forced four critical 33kV feeders, H31, H33, H35, and H37 offline.
READ ALSO:
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More Than 1,000 Migrants Rescued Off West Africa in One Week
In an official public notice, the transmission utility stated that technical teams are already mobilized on-site:
“The Transmission Company of Nigeria, TCN, hereby informs the public that the 100MVA TR4 transformer at the 132/33kV Apo Transmission Substation tripped in the early hours of today. Our maintenance crew are already carrying out a detailed investigation on the transformer to ascertain the exact cause of the tripping, to enable us effect repairs and restore the transformer.”
Following the grid disruption, the Abuja Electricity Distribution Company (AEDC) confirmed power losses across several major districts, including the Apo Legislative Quarters, Lokogoma, and Apo Resettlement.
The latest breakdown adds to a pattern of recurring supply interruptions across Abuja, coming just days after scheduled maintenance works left residents grappling with low generation and prolonged blackouts.
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