Bukola Saraki Implicated In #PanamaPapers Leak
Millions of documents obtained from Panamanian firm, Mossack Fonseca have revealed how world leaders and wealthy individuals evade taxes.
11 million internal documents show the details of offshore companies and shell corporations set up in tax havens to illegally hide billions of dollars.
The documents were obtained by the German newspaper Süddeutsche Zeitungand shared by the ICIJ in what has to count as the biggest journalistic exposé in decades.
Russian President Vladmir Putin, Ukrainian President, Petro Peroshenko are some of the 72 names exposed by the reports.
Nigeria’s embattled Senate President, Bukola Saraki is also named in the report. Saraki who is already facing a trial at the Code of Conduct Tribunal on charges of false declaration of assets will now have new worries.
Documents reveal that Bukola Saraki did not declare several assets allegedly held by his wife. Two of such shell companies were set up in Seychelles and the British Virgin Islands and Mrs Toyin Saraki is allegedly listed as a director in both companies.
The new information gives weight to the code of conduct bureau’s allegation that Bukola Saraki under reported his assets.
The Senate President has not responded to the allegations.