#PanamaPapers: Hidden family assets of Nigeria’s Senate President, Saraki, uncovered in tax havens

saraki

At least four assets belonging to the wealthy and famous Saraki family of Nigeria, all tucked away in secret offshore territories, have been uncovered.

But the President of the Senate, Bukola Saraki, failed to declare them to the Code of Conduct Bureau (CCB) as required by Nigerian laws.

This revelation, made possible by internal data of the Panama-based offshore-provider, Mossack Fonseca, obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ) with Premium Times and over 100 other media partners in 82 countries, could worsen Mr. Saraki’s case as he battles to extricate himself from allegations of corruption.

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Mr. Saraki is yet to respond to Premium Times’ request for comments. His spokesperson, Yusuph Olayinonu, did not return calls or respond to a text message seeking comments.

But in a written response to ICIJ, the Senate President insisted, through his UK lawyers, that he “declared his assets properly in accordance with the relevant legislation,” and that the charges against him “are both unfounded and politically motivated.”

Read the report in full Here

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