The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reportedly traced several high-value properties in Egypt allegedly linked to former Kaduna State governor, Nasir el‑Rufai.
Officials familiar with the inquiry said the properties, believed to be worth billions of naira, were allegedly acquired between 2021 and 2023.
Sources within the anti-graft agency, who spoke on condition of anonymity because they were not authorised to discuss the investigation publicly, said the assets are located in upscale districts of New Cairo, a rapidly developing suburb of Cairo known for luxury estates and gated residential communities.
According to investigators, several villas and apartments in the area may be linked to the former governor. The properties are said to be located in some of New Cairo’s exclusive residential estates, including Arabella Estate, Banafsek Estate, Oriana Estate and Cairo Festival City.
Investigators noted that villas in Cairo Festival City and Arabella Estate typically range between 50 million and 200 million Egyptian pounds—equivalent to about ₦5.3 billion—while apartments are valued at around 26 million Egyptian pounds, roughly ₦700 million.
Among the properties reportedly under scrutiny are a villa at House No. 113 in Arabella Estate in the Fifth Settlement district of New Cairo, and another villa at House No. 18 in Banafsek Estate in the First Settlement area.
Authorities also cited a property in Oriana II Estate, near the American University in Cairo, reportedly identified as House No. 11.
In addition to the villas, investigators have traced apartments within the Cairo Festival City development. Four apartments—Units 514, 515, 516 and 517—are among those being examined.
Two additional apartments in Oriana Estate, reportedly numbered 4000 and 4100, are also part of the ongoing probe.
An official involved in the investigation said the commission is analysing intelligence reports and working to trace the ownership structure of the properties.
The process, the source explained, includes verifying property registries and tracking financial trails. Because the assets are located outside Nigeria, the investigation also requires diplomatic and legal cooperation with authorities in Egypt.
Efforts to obtain comments from the family of el-Rufai were unsuccessful at the time of filing the report, while the ICPC has yet to issue an official public statement on the matter.