In Nigeria, many politicians are often accused of having wealth that doesn’t match their official salaries. While not all cases are proven, experts and investigations have shown common methods used globally (including Nigeria) to conceal wealth.
1. Using Proxies and Front Companies
One of the most common methods is registering assets under:
- Family members
- Friends
- Trusted associates
This makes it difficult to trace ownership directly back to the politician.
2. Investing in Real Estate
Properties are a popular way to store wealth:
- Luxury houses in cities like Lagos State
- Mansions in Federal Capital Territory (Abuja)
- Properties abroad
Real estate can hide large amounts of money while also increasing in…CONTINUE FULL READING>>>
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