Burutai does not ‘own’ Dubai Assets, FG concludes one of Nigeria’s fastest investigations in secrecy

The Federal Government has concluded investigations into the media expose of the Chief of Army Staff, Lt. General Tukur Buratai and his acquisitions in the United Arab Emirates. 

The Government which cleared the Army Chief after its investigations said that the properties were not wholly owned by Burutai. The investigators said that the properties in issue were governed by capital market principles and described Burutai’s interest as akin to owning shares. A source among the team that carried out the investigations under secrecy told PR Nigeria, “The Dubai property is real estate investment tailored to operate on capital market principles of shares for dividends and profits as proceeds from investment rather than total ownership of the property.”

“If you know the properties being referred to, you would know that they are like quoted companies. You buy into them and get dividends as profit from your investments. You can also do your own private findings on this fact.”

The source further disclosed that Lt. Gen. Buratai had been into farming since he was a major. “The large scale farm produces grains, cassavas, millets and also has fish pond apart from variety of animal and reptile that provides specialised nutrients and medicament for different clients. The 1999 Constitution (as amended) under Fifth Schedule Part 1- permits a public officer to engage in farming,” the officer said.

While Defence Minister, Muhammad Mansur Dan-Ali has come out publicly to disclose that the Army Chief did not hide the properties, as he declared them on more than one occasion to both the Nigerian Army and Code of Conduct Bureau (CCB), other investigations further buttressed the transparency in all the deals.

PRNigeria gathered that Lt-Gen. Buratai had declared his assets as Commander of the Multi-National Joint Task Force and as Chief of Army Staff to the Code of Conduct Bureau where all the assets were disclosed.

It was also gathered that his two wives have been operating a quasi-micro finance social intervention scheme called ‘Sana’armu’ which means “our collective enterprise,” where they earn profits from soft-loan businesses that also help budding entrepreneurs to start their businesses.

While it was discovered that General Buratai did not operate any Skye Bank account as alleged in the recent media report, the special rugged vehicles that were procured for counter-insurgency campaigns were found to be brand new.

The officer said: “The rugged buffalo vehicles are not only brand new but they are 2014 model that were imported from Libya rather than from Niger as alleged.”

The post Burutai does not ‘own’ Dubai Assets, FG concludes one of Nigeria’s fastest investigations in secrecy appeared first on The Whistle.