Former first lady Victoria Aguiyi-Ironsi dies at 97

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  Wife of late Nigerian Military Head of State, Major General J.T.U. Aguiyi-Ironsi, Victoria, is dead. The former First Lady died peacefully on Monday morning, August 23 at the age of 97. She would have been 98 on November 21, 2021. Her husband, and the Supreme Commander of the National Military Government, was killed on July 29, 1966. Chief Mrs. Victoria Aguiyi-Ironsi never re-married.

How minister laundered $37m through property deal – EFCC chair

 


THE Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has described the real estate sector as one with grand scale corruption in the country.

The EFCC boss added that about 90 to 100 percent of resources are being laundered through the sector.

Bawa stated this while featuring on Sunrise Daily, a current affairs program, on Channels Television on Tuesday.

He said the commission investigated a female minister, who he said, bought $37.5m property from a bank and deposited $20m cash.

Bawa, who is marking his 100 days in office, did not however disclose the identity of the suspect or whether she is a current or former minister.




He said, “One of the problems we have in the country is the real estate. Ninety to 100 percent of the resources are being laundered through real estate. Of course, they are being regulated but they are not enough in terms of how they give their returns to the Special Control Unit.

“The bank succeeded to put it in their system and paid the developer and then a lawyer set up a special purpose vehicle where the title documents were transferred into and of course, he is posing as the owner of the house.

“Without the help of the banker, the minister couldn’t have imagined collecting $20m from anyone with opportunity from the real sector; she could not have thought of where to launder the proceeds of crime.”

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