Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,307 members, 7,808,039 topics. Date: Thursday, 25 April 2024 at 05:25 AM

List Of World Most Corrupt Property Owners: Nigerians Feature - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / List Of World Most Corrupt Property Owners: Nigerians Feature (2196 Views)

Orji Uzo-Kalu Becomes President Of World Ship Owners Association (WSA) / Lagos Ranked As The Most Corrupt State In Nigeria In 2014 / Cecilia Ibru, James Ibori Make List Of World’s Most Corrupt Property Owners (2) (3) (4)

(1) (Reply) (Go Down)

List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 3:02pm On Nov 06, 2014
Corrupt politicians and dodgy businesses are stealing millions of dollars from the countries they are supposed to serve, using phantom firms and tax havens to do it.
They often then buy valuable property overseas in the most desirable parts of the world. Phantom firms, fake companies set up to hide the identity of the people who control them, are used to move money out of developing countries and into bank accounts, which can then be used to buy properties like these.

The good news is that these dodgy dealers don’t always get away with it. Come along for a virtual tour of some of the seized properties of disgraced politicians and company bosses.

Cecilia Ibru’s charming Maryland home

One of 11 properties in Maryland seized from Cecilia Ibru, with a combined value of nearly $5.5 million.

One of the most prolific buyers of property on our tour is Cecilia Ibru, the former managing director of Oceanic Bank. She was sentenced to six months in prison for fraud and ordered to hand over $1.2 billion in cash and assets.  Authorities seized an incredible 103 properties in the United States, Nigeria, South Africa, Dubai and London.

Teodorin Obiang’s Malibu mansion and Paris penthouse

Teodorin Obiang’s beachside $30 million Malibu mansion in California, and his 101-room Parisian mansion, valued at $100 to 150 million. Both were seized by authorities.

Teodorin Obiang, the son of President Obiang of Equatorial Guinea, has had estates seized in Malibu, California and Paris, as well as sports cars and Michael Jackson memorabilia valued at $1.8 million (including a while jewel-encrusted glove from the Bad tour).

Imelda Marcos’ luxury New York apartments – and Long Island mansion

Four luxury properties in New York seized from Ferdinand and Imelda Marcos.


A $5 million, 16-bedroom, 17-bathroom Long Island estate formerly owned by Ferdinand and Imelda Marcos, seized by US authorities.

Though famous for her vast shoe collection, Imelda Marcos, wife of former President of the Philippines Ferdinand Marcos, also had a penchant for New York real estate. The World Bank’s Stolen Asset Recovery Initiative estimates they siphoned between $5 to 10 billion from the country.

Take action & let’s stop these dodgy dealers. Sign our petition here! 
James Onanefe Ibori’s Texas mansion (with tennis court!)

The seized Texas mansion of Governor James Onanefe Ibori, who misappropriated millions as the governor of Nigeria’s oil-rich Delta State. Estimated Value: $1.7 million.

Former Zaire President Seko’s seaside villa in southern France

This $4 million villa in southern France was once owned by former President of Zaire, Mobuto Sese Seko. He plundered an estimated $4 to 5 billion from the country during his 32 years in power.

Muammar Gaddafi’s Roman palazzo

In 2012 Italian authorities seized more than $1.5 billion in assets controlled by the family of ousted Libyan leader Muammar Gaddafi, including this palazzo in Rome.

http://www.one.org/us/2014/11/04/a-google-earth-tour-of-the-worlds-most-corrupt-homes/
Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Nobody: 3:10pm On Nov 06, 2014
Atiku is the biggest private investor in Dubai.

Atiku bought like over 100 villas and condos during the Dubai property rush.

This is where and how he laundered stolen funds after the bribery scandal of a US congress man was exposed.

2 Likes

Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 3:11pm On Nov 06, 2014
Apart from me whose name is missing? grin grin grin
Re: List Of World Most Corrupt Property Owners: Nigerians Feature by iamodenigbo1(m): 3:24pm On Nov 06, 2014
if not for the intervention of Chukwu Abiama my name would've appeared on that list,As you can see I am not kworopt
Re: List Of World Most Corrupt Property Owners: Nigerians Feature by kalet55(m): 3:47pm On Nov 06, 2014
Nigerian politicians nko
Re: List Of World Most Corrupt Property Owners: Nigerians Feature by ibdeals1(m): 3:58pm On Nov 06, 2014
oh ok..
Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 5:23pm On Nov 06, 2014
Cecilia Ibru's mansion at Maryland.


One of 11 properties in Maryland seized from Cecilia Ibru, with a combined value of nearly $5.5 million.

Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 6:16pm On Nov 06, 2014
This $4 million villa in southern France was once owned by former President of Zaire, Mobuto Sese Seko. He plundered an estimated $4 to 5 billion from the country during his 32 years in power

1 Share

Re: List Of World Most Corrupt Property Owners: Nigerians Feature by eke419: 6:20pm On Nov 06, 2014
Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 6:51pm On Nov 06, 2014
Teodorin Obiang’s beachside $30 million Malibu mansion in California, and his 101-room Parisian mansion, valued at $100 to 150 million. Both were seized by authorities.

Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 7:46pm On Nov 06, 2014
A $5 million, 16-bedroom, 17-bathroom Long Island estate formerly owned by Ferdinand and Imelda Marcos, seized by US authorities.

Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Trailblazer1(m): 10:23pm On Nov 06, 2014
The seized Texas mansion of Governor James Onanefe Ibori, who misappropriated millions as the governor of Nigeria’s oil-rich Delta State. Estimated Value: $1.7 million.

Re: List Of World Most Corrupt Property Owners: Nigerians Feature by Nelsizzy(m): 10:38pm On Nov 06, 2014
Where is my name

(1) (Reply)

Gen. Muhammadu Buhari Interview @ Chatham House Is Now Live / I Will Deactivate My NL Account And Go To Gambia If JEG Loses!!! / Ndigbo ‘ll Never Suffer Under Buhari’s Administration — Moghalu

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.