At least 110 Nigerian individuals and companies have so far been identified by PREMIUM TIMES in the leaked internal data of Panamanian law firm, Mossack Fonsecca, as operators of offshore shell companies in tax havens.
Prominent among the new names being revealed today, in addition to the several that were published in the past one month, are the founder of telecommunication company, Globacom, Mike Adenuga; Niger State Governor, Abubakar Sadiq Sani Bello and the late Ooni of Ife, Okunade Sijuwade, among others.
The list also contained names of Arik Chairman, Joseph Arumemi-Johnson and his wife, Mary, as well as two serving senators – Andy Uba (Anambra) and Ibrahim Gobir (Sokoto). Other top business persons, politicians, and their family members were also found in the infamous database, including those currently holding public offices. See full list below. The publication details names of companies, their owners and the particular tax havens the offshore firms are domiciled.
PREMIUM TIMES is the only Nigerian media organisation with exclusive access to the documents obtained by German newspaper, Süddeutsche Zeitung, and shared by the International Consortium of Investigative Journalists (ICIJ) with over 80 media organisations around the world.
Since April 3, 2016, when the news of the unprecedented leak broke worldwide, PREMIUM TIMES has published series of exclusive reports about the offshore assets of prominent Nigerians named in the database that is now globally referred to as #PanamaPapers. Some of them, who are public officer holders, held the assets in violation of Nigerian law, failing to declare them to the Code of Conduct Bureau.
The investigation revealed the assets of some of Nigeria’s most powerful individuals, including Africa’s richest man Aliko Dangote; President of the Nigerian Senate, Bukola Saraki; convicted former governor of Delta State, James Ibori; the boss of Oando, Nigeria’s biggest indigenous oil firm, Wale Tinubu, in tax havens such as the British Virgin Islands, Panama, and Seychelles.
Foramfera The unprecedented year-long investigation involving 11.5 million secret documents – which stretch from 1977 to December 2015 – exposed the hidden underground of the world economy, a network of banks, law firms and other middlemen that utilize shell companies, sometimes using them to hide illegal wealth. The 2.6 TB files, involving 214,488 entities, also revealed hundreds of details about how former gun-runners, contractors and other members of the spy world use offshore companies for personal and private gain.
The investigation unveiled the cloak of secrecy provided by Mossack Fonseca, a Panamanian law firm that specializes in creating offshore companies, some of which have been used by con men and women to hide Ponzi schemes, predatory lending scams, and other financial frauds from their victims and from the authorities. The use of shell companies is not illegal and there are individuals and firms who incorporate them for purely legitimate purposes.
Below is a comprehensive list of other Nigerians named in the leak, although this may not be final as this newspaper will continue its investigation in the weeks and months ahead.
I have been reporting on latest news from Nigeria for almost 10 years now. I report on every possible news area I come across, but always ensure my reports are compiled with dignity and fact to uphold my personal values and duty as a journalist
Posted: at 5-05-2016 08:16 PM (7 years ago) | Addicted Hero
Eazyatumeyi at 5-05-2016 08:29 PM (7 years ago) (m)
Jeeeeeeeeeeesus o, chai chai, nawa o, May God bless those that exposed them o
Posted: at 5-05-2016 08:29 PM (7 years ago) | Hero
South west are the majority and they always claim saints as the non corrupt Nigerian. Hypocrites!!. Their pastor, and traditional ruler are even in the dirty deals. Nothing under the sun shall be hidden.
Posted: at 5-05-2016 08:40 PM (7 years ago) | Upcoming
South west are the majority and they always claim saints as the non corrupt Nigerian. Hypocrites!!. Their pastor, and traditional ruler are even in the dirty deals. Nothing under the sun shall be hidden.
I wonder ooo.... that is naija for you.
Posted: at 5-05-2016 11:31 PM (7 years ago) | Hero
freeway001 at 6-05-2016 12:05 AM (7 years ago) (m)
(SOUTH WEST folks smart ones) By the way PANAMA issue is a legal stuff. Wouldn't you rather have your money where its safe and yield more? The difference is you pay less tax in panama on your money in d bank ..... Wait oooo... do u know you can have billions in Nigeria without paying 1 cent in tax? Infact your 1 billion naira could certainly reduce to 500 million in less than 7 years. Tax invasion is meant for the western world than unstable and corrupt Nations.
Posted: at 6-05-2016 12:05 AM (7 years ago) | Upcoming
Naija dey like do things over do,but failed to channel the way they used to do fraud,corruption and embelzement to make us have good road,electricity and clean water. naija has no remedy
Posted: at 6-05-2016 03:09 AM (7 years ago) | Newbie
Eazyatumeyi
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