UAE Places Former Governor Akpabio Under Watch Over $517m Loot
By Abiodun Oluwarotimi with agency reports
There are clear indications that the authorities of the United Arab Emirates (UAE) have placed a former governor of Akwa Ibom state, Senator Godswill Akpabio, under an intense watch for hiding a $517 million loot in the Middle East country.
This development, Nigerian Concord gathered will be preventing recent plans by Senator Akpabio to move the looted funds to the Dominican Republic.
It was also gathered that security agencies in Dubai have sent signals to the Economic and Financial Crimes Commission (EFCC) so as to also place the former governor under serious surveillance in Nigeria.
Worried about the development, Akpabio had earlier reportedly made failed attempts to transfer about $517million loot to the Dominican Republic as a result of the agreement that Nigeria and UAE recently signed to repatriate all looted funds by politicians back to Nigeria.
It would be recalled that the Chairman of the Senate Committee on Foreign and Domestic Debts, Senator Shehu Sani had said yesterday in Abuja that over $200 billion stolen from Nigeria may be have been hidden in the UAE.
The senator was quoted as sayingh: “Over $200 billion are stashed away in Dubai alone. This may be the monies stolen in the last 20 years. I am not talking about estates and bonds and other securities bought with Nigeria’s stolen money.”
It would also be recalled that both Nigerian and UAE security agencies are collaborating in monitoring the activities of many Nigerians, especially those categorized as “Politically Exposed Persons (PEPs).