Panama Papers: A Look At Implicated Nigerians

The recent leak of documents from Mossack Fonseca, a Panamanian law firm that registers offshore companies, implicated world leaders and business elites for corruption and tax evasion.

Find below a list of top Nigerians that have been implicated.

Senate President Bukola Saraki & wife

1: Senate President, Bukola Saraki and wife Toyin
Bukola had failed to declare the Offshore assets belonging to his wife Toyin, to the Code of Conduct Bureau (CCB) as required by law. He said his wife is from a wealthy family and the assets do not belong to her, but to her family.
Lawyers in the know have debunked his claims as lies and that Toyin is a mere front, as the assets in fact belong to Saraki.

Aliko Dangote

2: Aliko Dangote and his brother Dantata
With a staggering wealth of over $15 billion under his name, does Aliko pay his fair share of taxes in Nigeria or is he hiding assets abroad to evade tax? That remains unclear. The Panama papers revealed that the Forbes richest man in Africa and his brother Sayyu have hidden assets in offshore companies.

Theophilus Danjuma

3: General Theophilus Danjuma
The panama papers revealed that Danjuma has assets in hidden offshore companies and secret accounts. Danjuma is one of the richest personalities in Nigeria, 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.

David Mark

4: Ex- Senate President David Mark
The Panama papers revealed that David Mark, the immediate past senate president, in violation of federal code of conduct law, illegally operates secret Companies in tax haven.

James Ibori

5- James Ibori
The former governor of Delta state and convicted criminal, established limited liability companies and foundations in secret offshore tax havens to hide some of the funds he looted from the state's treasury.

Enrico Monfrini

*Enrico Monfrini
The Panama papers revealed that the Swiss attorney hired by the administration of the former President Olusegun Obasanjo to track the Abacha loot in Swiss accounts, is himself operating over 178 companies in offshore tax havens.