The Abuja office of First Group, a Dubai firm, has been sealed off for alleged $200bn scam

The Abuja office of First Group, a Dubai firm, has been sealed off for alleged $200bn scam
– The EFCC accused the firm of duping unsuspecting Nigerians to the tune of $200 billion
– The first group is allegedly linked to the unexplainable properties belonging to Tukur Buratai, the chief of army staff
The Economic and Financial Crimes Commission (EFCC), has closed down the Abuja office of the First Group, a property firm said to be based in Dubai, United Arab Emirate.
The commission has been investigating the firm for months for allegedly fleecing unsuspecting Nigerians to the tune of $200 billion.
The anti-graft agency disclosed this in a statement on Wednesday, July 13.
EFCC agents agents sealed offices of The First Group company in the Central Business District of Abuja
The statement read: “As part of the ongoing probe of the laundering of over $200billion loot in the United Arab Emirates (UAE) by former political office holders, operatives of the EFCC today, July 13th 2016, stormed the office of a Dubai property firm, The First Group Company, in Abuja.

“The EFCC team raided the company’s seventh-floor office at the Bank of Industry building in the Central Business District of the Federal Capital Territory after obtaining a search warrant.
“The company is also being investigated for allegedly defrauding unsuspecting Nigerians by luring them to invest in real estate in Dubai. A prominent Nigerian is alleged to have lost about $402, 000 in a phony real estate transaction with the company .”
EFCC seals off First Group Company, a Dubai firm’s office in Abuja
A top EFCC source disclosed that operatives of the commission raided the First Group office sometime in May, as part of investigations in the alleged property fraud and several implicating documents were discovered, including a list of high profile patrons.
“Investigations into the scam revealed that the company originally known as TFG Real Estate Limited operates in Nigeria in the guise of being The First Group Company, a Dubai-based real estate firm, which is not registered in Nigeria.
“The modus operandi of the company is to lure innocent Nigerians interested in owning properties in Dubai, into parting with their hard-earned money. They are mandated to make the payment in installments; however, the payment is deliberately structured in such a way that the debt is difficult to offset, and as soon as one defaults, the money will be ‘seized’ by the company, ” the source said.

When contacted, the firm claimed ignorance of sealing of the property in Abuja.
The First Group, a real estate development company, is allegedly involved in the purchase of properties in Dubai by Tukur Buratai, the chief of army staff.
Buratai purchased two luxury properties in a posh area of Dubai for N120 million naira. He was said to have purchased these properties in one installment using a Skye bank account.
This quickly sparked criticisms from some Nigerians who asked him to resign for acquiring the mansions allegedly worth $1.5 million.
In reaction, the army came to his defense saying the properties were purchased from Buratai’s personal savings.