The First Group Company, the firm which allegedly sold the N120 million Dubai properties connected to Chief Of Army Staff, Lt. Gen. Tukur Buratai has been sealed by the EFCC.

The company which is located on the seventh floor of the Bank of Industry building of the Central Business District, Abuja has been said to have scammed Nigerians of over $200 billion.

Investigations by the EFCC also revealed that the company known as TFG Real Estate Limited, which operates in Nigeria, is disguising as The First Group company which according to sources is based in Dubai and not registered in Nigeria.

The firm, which operates as a Ponzi scheme, entices Nigerians to invest in Dubai properties and forces them to make payments. When they can no longer service those payments the company seizes their money.

However, Buratai has said he bought the properties with savings from his salary.

Azeez