According to the anti-graft agency, the company is implicated in a phoney real estate deal in which Nigerians were duped to the tune of $200billion.
It would be recalled that operatives of EFCC had, in May 2016, raided the office as part of investigations into the alleged property fraud.
Several implicating documents were said to have been discovered, including a list of high profile patrons.
The EFCC said, “Investigations into the scam revealed that the company, originally known as TFG Real Estate Limited, operates in Nigeria in the guise of being The First Group company, a Dubai-based real estate firm, which is not registered in Nigeria.
“The modus operandi of the company is to lure innocent Nigerians, interested in owning properties in Dubai, into parting with their hard-earned money. They are mandated to make the payments in instalments; however, the payment is deliberately structured in such a way that the debt is difficult to offset, and as soon as one defaults, the money will be ‘seized’ by the company.”
However, a senior staff in the firm denied the allegations, claiming EFCC’s accusations are misplaced.
He said the issue was merely a civil and wondered why the EFCC would get involved in such matters.
He said, “The EFCC will hear from our lawyers soon because this is not a criminal matter. This is how the company operates and it has branches in several countries.”
But the anti-graft agency said you can't come to Nigeria to defraud people and say it's a non-issue.
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