The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Entertainment

Real Estate Has Become Money Laundering, Patrick Doyle Alleges

The Next Edition by The Next Edition
March 29, 2025
in Entertainment
Real Estate Has Become Money Laundering, Patrick Doyle Alleges
0
SHARES
18
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Veteran actor and broadcaster, Patrick Doyle, has raised alarm over the increasing use of real estate sector as a front for money laundering and illegal wealth storage.

Doyle made the claims during a recent interview on Echo Room, hosted by Quincy Jones, where he shared concerns about the number of unoccupied and overpriced buildings springing up across the country.

You might also like

Showcasing The Sporadic and Astronomatic Achievements of Nigeria’s Most Sought After Actress, Amandla Ebeye

Police Reportedly Arrest Nigerian Rapper Ruggedman

Court Dismisses VeryDarkMan’s Objection In Falana, Falz’ Defamation Suit

According to him, many of the buildings seen across Abuja and the Lekki corridor in Lagos are not for housing people, but are simply “containers” for hiding stolen money.

 

“If you go to Abuja and many estates in the Lekki corridor, you will see plenty of houses completed and uninhabited. So, if it’s the prices that are too high, how come people are still building and they are not being occupied? That should tell you something,” he said.

The 64-year-old actor didn’t mince words as he continued, “It’s funny because real estate has become one of the leading forms of money laundering. A lot of it is illegal money finding expression in the construction industry.”

Doyle described the real estate boom as artificial and wasteful, wondering why there are so many empty or uncompleted buildings in a country that still suffers from a serious housing shortage.

“It beats my imagination how we have so many uncompleted buildings in a place where there is a shortage of housing for people. But there are a lot of empty estates. Go to Abuja, it’s crazy,” he said.

He also referred to a viral case of a man allegedly owning 7,000 apartments in one estate in Abuja.

“Didn’t you hear about the man who has about 7,000 apartments in one estate in Abuja? It’s better to use the money to build something than to store it in the house where rats are,” Doyle added.

 

Tags: AbujaLagosNollywoodPatrick DoyleReal estate
The Next Edition

The Next Edition

Recommended For You

Showcasing The Sporadic and Astronomatic Achievements of Nigeria’s Most Sought After Actress, Amandla Ebeye

Showcasing The Sporadic and Astronomatic Achievements of Nigeria’s Most Sought After Actress, Amandla Ebeye

  Amandla Ebeye is a phenomenal actress who has made a significant impact in the Nollywood industry. With her versatility and dedication, she effortlessly brings to life the...

Police Reportedly Arrest Nigerian Rapper Ruggedman

Police Reportedly Arrest Nigerian Rapper Ruggedman

Popular Nigerian rapper and activist, Michael Ugochukwu Stephens, better known as Ruggedman, has been detained at the State Criminal Investigation Department (SCID), Panti, Lagos, over his alleged involvement...

Court Strikes Out Femi Falana And Falz’s N1bn Defamation Suit Against VeryDarkMan

Court Dismisses VeryDarkMan’s Objection In Falana, Falz’ Defamation Suit

Court dismisses VeryDarkMan’s objection in Falana, Falz’ defamation suit.   Justice F. Afeez of a Lagos High Court has dismissed the preliminary objections by social critic, Martins Vincent...

Davido Invites Legendary Singer, Bright Chimezie, To Lagos

Davido Invites Legendary Singer, Bright Chimezie, To Lagos

Nigerian music superstar Davido made a special gesture to the legendary singer Bright Chimezie a few days ago, after taking inspiration from Chimezie's classic song "English for Key,"...

Next Post
World Bank Blacklists 58 Nigerian Firms, Individuals – [See Details]

World Bank Set To Approve $632 Million Loans For Nigeria Amid Growing Debt Concerns




Related News

BREAKING: COVID-19: Akwa Ibom Records 5 Cases As NCDC Announces 23 New Cases

BREAKING: COVID-19: Akwa Ibom Records 5 Cases As NCDC Announces 23 New Cases

IYC Laments Invasion Of Jonathan’s Home, Urges Security Agencies To Fish Out Perpetrators

Ex-President Jonathan’s Cousin Azibola Robert Wants ‘Ban’ On Local Gin “Kaikai” Lifted

Britain Imposes 14-day Quarantine On Arrivals From Switzerland

Britain Imposes 14-day Quarantine On Arrivals From Switzerland




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited