Sources: ICPC links multiple million-dollar apartments, villas in Egypt to el-Rufai

Elrufai

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reportedly linked six real estate assets in Egypt to Nasir el-Rufai, the former governor of Kaduna state.

TheCable understands that the properties were discovered during the commission’s probe of el-Rufai’s tenure as governor.

El-Rufai is yet to react to the allegations but has continued to maintain his innocence since his arrest, alleging that he is being persecuted for his political choices. All the assets — three villas and six apartments — are said to be located in highbrow estates and areas in Cairo, the capital of Egypt.

Based on checks by TheCable, villas in Arabilla Estate and Banafsik Estate, both in New Cairo, are sold for between $1,000,000 and $1,300,000.

Meanwhile, apartments in Cairo Festival City have a price tag of around $500,000 each.

Sources privy to the ICPC’s investigation informed TheCable that the real estate assets in the North African country were purchased between 2021 and 2023.

El-Rufai was the governor of Kaduna during the reported period of acquisition. Thecable