Operatives of the Economic and Financial Crimes Commission ( EFCC) yesterday stormed the office of the First Group Company, a Dubai property firm, in Abuja.
It was revealed that the company was raided for allegedly defrauding Nigerians by luring them to invest in real estate in Dubai.
This is also part of an investigation into the laundering of over $200billion in the United Arab Emirates (UAE) by former political office holders..
An EFCC source said: “Our operatives searched the office as a result of a plethora of complaints received through petitions from concerned Nigerians about the activities of The First Group Company, a real estate outfit incorporated in Dubai (UAE).
“We executed a duly endorsed search warrant and vital documents as well as CPU relevant to the facts in issue were recovered.
“They specialise in aiding and abetting money laundering and foreign exchange malpractices by top civil servants and Politically Exposed Persons (PEPs).”
Two officials of the company were arrested. They were undergoing interrogation at the anti-graft agency’s office last night
“Two employees of the company (an accountant and the senior client service/ legal executive) were arrested and are being interrogated,” the source said.
The investigation of the company is said to be in line with the agreement between the Federal Government and the UAE to trace about $200billion loot stashed away in the Emirate by ex-governors and ministers.