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+--- Thread: Nigeria Chief Of Army Staff General Buratai’s Dubai Properties (/showthread.php?tid=17)
Nigeria Chief Of Army Staff General Buratai’s Dubai Properties - Mhiz Rebecca - 07-09-2016
An ongoing investigation SaharaReporters into properties acquired in Dubai by Chief of Army Staff (COAS), General Tukur Buratai, has revealed more details about the officer’s real estate acquisitions estimated at N160 million at the minimum. The investigators found out that, when not occupied by General Buratai or members of his family, the units he acquired in Dubaiare rented out to guests for as much as $500 a night.
Your thoughts about this?
RE: Nigeria Chief Of Army Staff General Buratai’s Dubai Properties - Naturelle - 07-09-2016
(07-09-2016, 06:49 PM)AlexPombo4 Wrote: An ongoing investigation SaharaReporters into properties acquired in Dubai by Chief of Army Staff (COAS), General Tukur Buratai, has revealed more details about the officer’s real estate acquisitions estimated at N160 million at the minimum. The investigators found out that, when not occupied by General Buratai or members of his family, the units he acquired in Dubaiare rented out to guests for as much as $500 a night.
Your thoughts about this?
More information is needed to determine if the house has been paid for or on a mortgage as I do know a couple of young Nigerian professionals who own home's in Dubai on a mortgage for the income stream which is quite good given the lucrative rental market. Estate managers were offering near 100% mortgages on Dubai property before the 2007/2008 recession and it was pretty easy to snap up expensive properties then. I can only hope that EFCC is looking into the issue.
RE: Nigeria Chief Of Army Staff General Buratai’s Dubai Properties - Mhiz Rebecca - 07-09-2016
(07-09-2016, 06:59 PM)Naturelle Wrote:(07-09-2016, 06:49 PM)AlexPombo4 Wrote: An ongoing investigation SaharaReporters into properties acquired in Dubai by Chief of Army Staff (COAS), General Tukur Buratai, has revealed more details about the officer’s real estate acquisitions estimated at N160 million at the minimum. The investigators found out that, when not occupied by General Buratai or members of his family, the units he acquired in Dubaiare rented out to guests for as much as $500 a night.
Your thoughts about this?
More information is needed to determine if the house has been paid for or on a mortgage as I do know a couple of young Nigerian professionals who own home's in Dubai on a mortgage for the income stream which is quite good given the lucrative rental market. Estate managers were offering near 100% mortgages on Dubai property before the 2007/2008 recession and it was pretty easy to snap up expensive properties then. I can only hope that EFCC is looking into the issue.