Nigeria, Aug. 7 -- The Economic and Financial Crimes Commission (EFCC) has announced plans to investigate Nigeria's real estate sector, starting with the Federal Capital Territory (FCT), as part of efforts to tackle corruption.

The anti-graft agency said the probe would focus on identifying the true owners of properties and determining whether the estates were funded through illicit transactions.

"Let me say it clearly: those who set up businesses with the primary aim of defrauding Nigerians will be brought down," EFCC chairperson Ola Olukoyede said on Wednesday in Abuja while delivering his keynote address at a policy dialogue on critical issues affecting Nigeria's real estate ecosystem. The event was organised by the Law Corridor firm...