Nigeria: 'Dubai Real Estate Is Haven for Money Laundering'

Months after the Nigerian government reached an accord with the United Arab Emirates (UAE), on looted funds, a new report released last week alleged that war profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai's real-estate market as a haven for their assets.

Last year, the Nigerian Attorney-General of the Federation/Justice Minister Abubakar Malami and Economic and Financial Crimes Commission(EFCC) Chairman Ibrahim Magu were in Dubai,United Arab Emirates (UAE) launched investigations into alleged money laundering involving Dubai. It alleged that Nigerian politicians stashed looted funds in that country.

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