#Panamapapers: David Mark, Fashola’s aide linked to secret offshore companies

More Nigerians are being named in the #panamapapers which has drawn the attention of the globe in which Mossack Fonseca helped clients register offshore entities, in what has been reputed to be the most secretive deals in the world.

Former senate President, David Mark and Folorunsho Coker, a former Special Adviser to Babatunde Fashola have been named in the files that expose how the group of lawyers helped clients register offshore entities, some of which are then used to launder money, evade tax and dodge sanctions.

Fashola is the immediate past Lagos State governor, and current Minister of Power, Works and Housing

Read also: Fresh headache for Saraki, as Panama papers reveal foreign secret assets

Both men, among other high net worth Nigerians said to have stashed funds away in slush account in overseas companies, were said to have had links to the offshore shell companies while holding public office, in violation of a federal code of conduct law.

Reacting to the report, the Special Assistant, Media to Senator David Mark, Paul Mumeh, said, I’m not sure about the accuracy of your claims, we know where that may be coming from, it is political.”

In documents, Mark is linked to eight active companies registered in the British Virgin Island, including are Sikera Overseas S.A, Colsan Enterprises Limited, Goldwin Transworld Limited, Hartland Estates Limited, Marlin Holdings Limited, Medley Holdings Limited, Quetta Properties Limited, and Centenary Holdings Limited.

 

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