The Deutsche Bank-domiciled assets of Doraville Properties, run by the Bagudus in the British island of Jersey, have been identified as stolen from the Nigerian treasury.
Depriving the country of $150 million as it endures a steep crunch in cash and forex may complicate the president’s avowed efforts to mollify the hardship ravaging Nigerian masses.
Mr Malami urged the U.S. not to relent in supporting Nigeria’s commitment to the speedy, transparent management of returned assets.
President Muhammadu Buhari’s regime reached a new agreement with Mr Bagudu. This involved transferring the ownership of the investment portfolios worth $154 million…
“In conclusion, I find this appeal to be devoid of merit. It is hereby dismissed,” the court said.
