A May 2024 investigative report by the Organized Crime and Corruption Reporting Project (OCCRP) has alleged that a former Ghanaian government minister and one-time Member of Parliament has over US$6 million worth of real estate properties listed in his name in Dubai.
According to the report, Inusah Abdulai Bistav Fuseini, a former Minister of Lands and Natural Resources, and former Member of Parliament for Tamale Central, is the current owner of a total of 20 apartments located in six different plush areas dotted across the gulf city.
The listed properties and the corresponding number of apartments owned by the former MP are as follows:
The One at Jumeirah Village Triangle (5 apartments),
Wyndham Dubai Marina (2 apartments),
Millennium Palace (4 apartments),
Sky City Central Hotel (4 apartments),
The One At Jumeirah Village Circle (3 apartments) and
The One Hotel (2 apartments).
The report dubbed "How Dirty Money Finds a Home in Dubai Real Estate," and published on May 14, 2024, looked into how criminals, politicians and sanctioned individuals stash their wealth in Dubai by investing in properties.
"Dubai's reputation for financial secrecy, its lack of property taxes, and relative political stability have also made the city an appealing spot for those looking to safely park funds abroad should the political tides turn against them at home," part of the report reads.
In all, the total value of apartments said to be owned by the former minister summed up to six million, nine hundred and forty thousand, three hundred thirty dollars (US$6,940,330).
The report also named three other Ghanaians including Anthony Alfred Benin, a former judge on the Supreme Court of Ghana and the ECOWAS (Economic Community of West African States) Court of Justice, who had one property in Dubai linked to him.
Joseph Kwaku Asamoah, a former finance director of the Electoral Commission of Ghana, also confirmed to OCCRP that he was registered as the co-owner of two Dubai properties.
Asamoah, however, indicated that "he had not paid for them and that they were acquired by another person."
Moses Aduko Asaga, a former member of Ghana’s parliament and former chief executive of the National Petroleum Authority of Ghana, was also captured in the report with one Dubai property being linked to him.
TWI NEWS
See full listed value of properties in Inusah Fuseini's name below:
The One at Jumeirah Village Triangle
• $331,700
• $331,700
• $332,200
• $332,200
• $338,300
Wyndham Dubai Marin
• $309,400
• $462,700
Millinium Palace
• $394,800
• $498,400
• $494,500
• $499,400
Sky Central Hotel
• $301,600
• $305,500
• $305,500
• $340,200
The One At Jumeirah Village Circle Village
• $313,100
• $313,100
• $313,100
The One Hotel
• $361,500
• $361,500
GA/SARA
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