Abimbola Joseph Olupaiye, Fingered In Alleged Multimillion Naira Land Fraud In Dubai; Anti-graft Commission, EFCC Begins Investigation
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Abimbola Joseph Olupaiye, nigerian, has been fingered as being involved in multiple cases of land fraud in Dubai, United Arab Emirates.
Olupaiye is a former employee of Tigers Properties LLC Dubai.
He is currently being prosecuted for obtaining money by fraudulent misrepresentation. The amount involved is to the tune of N140 million, 467,000 Dirhams and 300,500 dollars in Dubai property investment.
Some of those defrauded who are also Nigerians have petitioned the Economic and Financial Crimes Commission (EFCC).
They called on the anti-graft agency to prosecute Olupaiye.
The petition dated March 29, 2023, through their counsel, Law Accent was titled, “Petition against Abimbola Joseph and Tigers Properties LLC on account of obtaining money by fraudulent misrepresentation to the tune of 467,000 Dirham and 300,500 Dollars.”
Meanwhile, the anti-graft agency has acknowledged receipt of the petition.
It also said it had commenced an investigation into the allegations.
In 2021, over 800 properties worth $400 million in Dubai, United Arab Emirates (UAE) were traced to Politically Exposed Persons (PEPs) in Nigeria, according to Matthew Page, an associate fellow, Chatham House, while delivering a paper titled Illicit Financial Flows (IFFs) in Real Estate and Education Sector: Implications for Investigators at a 2-Day Capacity Building for Investigators on Investigating IFFs organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
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