Politics
Adenuga, Gov Bello, senators named in Panama Papers
The names of more Nigerians keep popping up in the list of politicians, business moguls and others mentioned in the leaked internal data of Panamanian law firm, Mossack Fonsecca, as operators of offshore shell companies in tax havens.
So far, about 110 Nigerian individuals and companies have been identified, and prominent among those newly identified, include founder of telecommunication company, Globacom, Mike Adenuga; Niger State Governor, Abubakar Sani Bello and the late Ooni of Ife, Okunade Sijuwade, as well as two serving senators – Andy Uba (Anambra) and Ibrahim Gobir (Sokoto).
A list of the Nigerians and their offshore companies was published by German newspaper, Süddeutsche Zeitung, and sighted by Premium Times.
Read also: EFCC bundles ex-Gov Udenwa from Enugu to Abuja
Other top business persons, politicians, and their family members were also found in the infamous database, including those currently holding public offices.
The publication details names of companies, their owners and the particular tax havens the offshore firms are domiciled.
The files 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.
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