– The Economic and Financial Crimes Commission (EFCC) has sealed more properties belonging to suspected treasury looters
– A top source at the EFCC said corrupt persons invest the proceeds of their crime in the highbrow area of the FCT
– The source said corrupt people don’t buy properties in the satellite towns because the level of appreciation is much slower
More properties in the highbrow area of Abuja belonging to suspected treasury looters and others who are under trial for corruption has been sealed off by the Economic and Financial Crimes Commission (EFCC).
Sources have put the value of the confiscated properties, which are scattered over the FCT at billions of naira, Leadership reports.
Officials of the anti-graft agency have been evading inquiries over who the owners of the properties are and the worth.
According to a top source at the EFCC who spoke on condition of anonymity, said a lot of properties had been sealed within Abuja metropolis.
The source said: “That is where corrupt persons invest the proceeds of their crime. This is where the properties appreciate fast.”
He noted that corrupt people don’t buy properties in the satellite towns because the properties don’t appreciate like the ones in the highbrow areas.
“They prefer to buy properties within the city and that’s why we don’t have any sealed property in the satellite towns.
“We have sealed properties all over Abuja city. A drive round will reveal this. The houses are marked in bold red unlike in the past when we used to paste sticker, which anybody can remove and people will not know that the house has been sealed. Now we write in bold red so that everyone can see it,” the source added.
– A top source at the EFCC said corrupt persons invest the proceeds of their crime in the highbrow area of the FCT
– The source said corrupt people don’t buy properties in the satellite towns because the level of appreciation is much slower
More properties in the highbrow area of Abuja belonging to suspected treasury looters and others who are under trial for corruption has been sealed off by the Economic and Financial Crimes Commission (EFCC).
Sources have put the value of the confiscated properties, which are scattered over the FCT at billions of naira, Leadership reports.
Seized estate of former COAS, Ihejirika over arms scandal
According to a top source at the EFCC who spoke on condition of anonymity, said a lot of properties had been sealed within Abuja metropolis.
The source said: “That is where corrupt persons invest the proceeds of their crime. This is where the properties appreciate fast.”
He noted that corrupt people don’t buy properties in the satellite towns because the properties don’t appreciate like the ones in the highbrow areas.
“They prefer to buy properties within the city and that’s why we don’t have any sealed property in the satellite towns.
“We have sealed properties all over Abuja city. A drive round will reveal this. The houses are marked in bold red unlike in the past when we used to paste sticker, which anybody can remove and people will not know that the house has been sealed. Now we write in bold red so that everyone can see it,” the source added.
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