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ICPC links six real estate assets in Egypt to El-Rufai

Femi Ashaolu by Femi Ashaolu
March 9, 2026
in News
Ribadu: El-Rufai has made biggest political mistake of his career – Prof Okey Ikechukwu
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has reportedly unearthed six real estate assets in Egypt associated with former Kaduna State governor, Nasir el-Rufai.

According to TheCable, the properties were discovered during the commission’s probe of El-Rufai’s tenure as governor.

The ex-minister of the Federal Capital Territory (FCT) 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 capital of Egypt, Cairo.
The newspaper said based on checks, 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.

The publication added that sources privy to the ICPC’s investigation revealed that the real estate assets in the North African country were purchased between 2021 and 2023, which El-Rufai was governor of Kaduna State.

In a 2023 interview in Hausa, El-Rufai had said that, unlike some people, he “didn’t syphon the money to Dubai and buy houses or go to Jabi Road and build a mansion”.

Then, serving out his second term as Kaduna governor, el-Rufai had boasted of having only one house, saying he did not need mansions or big houses.

“We aren’t like such people. I became the Governor of Kaduna State with only one house located at Danja Street in Unguwan Sarki, Kaduna,” Daily Trust quoted him as saying.

“I have completed my tenure, Alhamdulillah…that is my only house. I don’t have any other house. I didn’t build a mansion. I don’t even need it.”

Tags: EgyptEl-Rufaireal estate
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Femi Ashaolu

Femi Ashaolu

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