Theophilus Danjuma, a retired army general and former defence minister, is one of Nigeria’s richest personalities, courtesy of his ownership of one of Nigeria’s most lucrative oil blocs and a money spinning shipping firm.
The retired general is a long time user of offshore entities, and the Mossac Fonseca files has now exposed another of his companies – Eastcoast Investments Inc – which he incorporated in Nassau, in the Bahamas, on March 25, 1997.
At inception, Mr. Danjuma and a certain Colin Marcel Dixon were directors of the company.
Premium Times learnt that the general formed the company to enable him to do business with Scancem International of Norway when the later decided to expand its involvement in Africa to include a project in Nigeria.
Read the story in full Here