Tag Archives: #PanamaPapers

Diezani, her men and the Deals

SPECIAL REPORT: How Diezani, her men, their deals bled Nigeria

On the night of Friday June 7, 2013, a pre-wedding party was in progress at the Cavalli Club – named after the renowned Italian fashion designer Roberto Cavalli - within the 5-star luxury Fairmont Hotel in Dubai. There was champagne in abundance and some of the performers on ground for…

Senate President Bukola Saraki

#PanamaPapers: Group seeks details of investigation of Saraki, Mark, others

The Civil Society Network Against Corruption, CSNAC, has sent a Freedom of Information, FOI, request to the Code of Conduct Bureau, CCB, for an update on the bureau's investigations of allegations of corruption against some public office holders in Nigeria. In a statement signed by its chairman, Olanrewaju Suraj, CSNAC…

Jose Manuel Soria

Spain nominates #PanamaPapers leak minister for World Bank job

The Spanish government brushed aside global concerns to name its former Industry Minister, Jose Manuel Soria, as the country’s proposed representative at the World Bank. Mr. Soria's nomination is coming despite being linked with an offshore company listed in the Panama papers leaks earlier this year. Although he denied any…

Photo: punchng

EXCLUSIVE: Saraki, Mark, others in trouble as Presidency orders probe of Nigerians named in #PanamaPapers

The senate president, Bukola Saraki, and his predecessor, David Mark, and other prominent Nigerians may soon be in trouble as the Presidency has ordered the investigation of present and past Nigerian officials named in the Panama Papers scandal. The chairman of the Code of Conduct Bureau, CCB, Sam Saba, confirmed…

Acas Law Partners

EXPOSED: #Panamapapers: The Nigerian lawyers who acted as intermediaries for Mossack Fonseca

Some Nigerian lawyers worked extensively with the infamous Panamanian law firm, Mossack Fonseca, helping the company to incorporate shell entities and sell secrecy in Nigeria, PREMIUM TIMES can authoritatively report today. The lawyers this newspaper has so far identified from the huge #PanamaPapers database were those from the law firms…

Panama Papers

#PanamaPapers wins top honour at Data Journalism Awards

The work of more than 370 journalists, including those from PREMIUM TIMES, who collaborated on the Panama Papers project was honoured with the Investigation of the Year prize at the Data Journalism Awards in Vienna, Austria on Thursday. The Panama Papers investigation was based on a 2.6 terabyte trove of data obtained…

NNPC Towers

#PanamaPapers: How ex-NNPC GMD operated secret account to buy posh property while in office

A former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Abubakar Lawal Yar’Adua, bought a posh home worth £890,000 in London using a secret offshore company he registered in the British Virgin Island. Documents retrieved from the Mossack Fonseca database, exclusively obtained by German newspaper, Süddeutsche Zeitung, and…

Uba, former domestic assistant to ex-President Olusegun Obasanjo

#PanamaPapers: While holding public office, Andy Uba illegally holds asset in tax haven

In November 2004, Andy Nnamdi Uba was only a special assistant on domestic affairs to the then President Olusegun Obasanjo but he possibly had enormous wealth in his hands that he sought the services of the offshore handlers, Mossack Fonseca, to float for him an anonymous company, the type that…

Panama Papers

#PanamaPapers: Nigeria agrees to expose beneficial owners of companies

President Muhammadu Buhari has expressed the commitment of his administration to create a public registry of beneficial owners of companies in Nigeria. The President's promise followed a PREMIUM TIMES publication of the names of 106 Nigerians and firms who own companies and assets in offshore tax havens. The revelation is…

Panama Papers

#PanamaPapers: ActionAid demands probe of Saraki, David Mark, others

Anti-poverty campaigner, ActionAid Nigeria, has called on Nigerian authorities to investigate Nigerians whose name appeared in the #PanamaPapers. In a statement signed on Thursday by its policy and campaign director, Tunde Aremu, the agency said "the federal government owes Nigerians and the nation the responsibility of investigating Nigerians mentioned in…

President Jacob Zuma

#PanamaPapers: South African govt. opens public registers for beneficial ownership of companies

The South African government has opened public registers to help tackle the issue of hidden ownership of companies and to promote accountability and transparency in its financial system. At the Open Government Partnership Africa Regional meeting, the South African government unfolded a National Action Plan (NAP) that included a commitment…

NEITI

#PanamaPapers: NEITI demands public disclosures of beneficial owners of extractive companies

The Nigerian Extractive Industries Transparency Initiative (NEITI) on Monday debuted with a ‘Policy Brief’, a special publication focusing on beneficial ownership disclosures by owners of assets in the country’s extractive industries. Executive Secretary of NEITI, Waziri Adio, said the publication was part of the new policy and advocacy instruments by…

Panama Papers

#PanamaPapers source offers documents to govts, says more to come

The anonymous whistleblower behind #PanamaPapers has conditionally offered to make the documents available to government authorities. In a statement issued to the German newspaper, Süddeutsche Zeitung, and the International Consortium of Investigative Journalists, the so-called “John Doe” behind the biggest information leak in history cites the need for better whistleblower…

Panama Papers

Adenuga, Niger Governor, late Ooni of Ife, Andy Uba, 106 others named in #PanamaPapers

At least 110 Nigerian individuals and companies have so far been identified by PREMIUM TIMES in the leaked internal data of Panamanian law firm, Mossack Fonsecca, as operators of offshore shell companies in tax havens. Prominent among the new names being revealed today, in addition to the several that were…

Panama Papers

PREMIUM TIMES to release names of 100 Nigerians, companies found in #PanamaPapers

PREMIUM TIMES will on Thursday make public the names of at least 100 Nigerians and companies so far identified in the leaked internal data of Panamanian law firm, Mossack Fonsecca, as operators of offshore shell companies in tax havens. The names will contain top business persons, and politicians, including those…

Former Governor Diepreye Alamieyeseigha

#PanamaPapers: How Alamieyeseigha began looting Bayelsa 3 months after becoming governor

Almost immediately after he was sworn in as the first democratically-elected governor of Bayelsa State in May 1999, the late Diepreye Alamieyeseigha began his long journey of stealing in office by erecting solid offshore structures, including the now infamous company, Solomon & Peters Limited. Documents exclusively obtained by German newspaper,…

Hakeem Belo-Osagie

#PanamaPapers: Secret assets of Etisalat chairman, Hakeem Belo-Osagie, uncovered in tax haven

A portion of the wealth owned by former Chairman of the United Bank for Africa (UBA), Hakeem Belo-Osagie, is domiciled in trusts and shell companies in some notorious tax havens around the world, with some in Jersey in the Channel Islands, PREMIUM TIMES can authoritatively report today. The Channel Islands…

FROM LEFT: Vice-President Yemi Osinbajo; President Muhammadu Buhari; Chairman Of The Governors Forum, Gov. Abdullaziz Yari Of Zamfara And Gov. Rochas Okorocha Of Imo, During A Meeting Of The President With State Governors At The Presidential Villa In  Abuja On Thursday (28/4/16). 3235/28/4/2016/ICE/BJO/NAN

Workers’ Day 2016: Nigerian Government must fulfill its primary purpose —ActionAid

ActionAid Nigeria has called on the Federal Government to fulfil its primary purpose of ensuring the security and welfare of the people, adding that the government must ensure multinationals and big companies pay their fair share of tax. In a statement issued by the organisation to commemorate the 2016 Worker’s…

The Landmark Ocean Park Buildings in Punta Pacifica | Photo Credit: http://www.panama-guide.com

#PanamaPapers: How ex-Nigerian minister bought two penthouses in Panama for N837million

A former Minister for National Planning, Rasheed Gbadamosi, owns two expensive and luxurious penthouses in Panama, a notorious tax haven, documents retrieved by PREMIUM TIMES from the leaked Mossack Fonseca database have shown. Mr. Gbadamosi, writer, businessman and bureaucrat, who was recently appointed co-chairman of the Lagos at 50 planning committee,…

Panama Papers

#PanamaPapers: 10 things to know about tax havens

The recent #PanamaPapers leak involving 11.5 million documents from Mossack Fonseca, a Panama-based law firm that handles offshore shell companies, highlights the need for Nigerians to know more about the good, the bad and the ugly of tax havens. Tax havens are politically and economically stable offshore jurisdictions or country…

Senator David Mark

#PanamaPapers: Documents counter David Mark’s denial of secret assets in tax havens

A former President of the Nigerian Senate, David Mark, was not telling the truth when he denied knowledge of eight offshore companies linked to him as part of the ongoing #PanamaPapers revelations, a series of leaked documents has shown. PREMIUM TIMES had on April 5 exposed Mr. Mark as operating…

Prime Minister Nawaz Sharif

#PanamaPapers: Pakistan Prime minister promises to resign if indicted

Pakistan's embattled Prime Minister Nawaz Sharif on Friday announced he would resign if found guilty of having committed any wrongdoing, following a probe into the Panama Papers leak. Mr. Sharif addressed the nation for the second time this month after the opposition increased the pressure on him to come clean…

Malta Prime Minister, Joseph Muscat

Malta parliament debates no-confidence vote over #PanamaPapers

Malta's parliament on Monday debated a motion of no-confidence in the government over Prime Minister Joseph Muscat's failure to sack a minister and his chief of staff, who were implicated in the #PanamaPapers' leak. Opposition deputy leader, Beppe Adami, told parliament in the opening speech in Valletta that the government's…

Panama Papers

#PanamaPapers: How Tinubu operated 12 shell companies in tax havens

Last October, Nigeria’s biggest indigenous oil and gas company, Oando Plc, made history for the wrong reason when it announced a loss of N184 billion in the 2014 financial year. The loss was the biggest ever recorded by any Nigerian company. While its shareholders bore the brunt of the bleak…

Senate President, Bukola Saraki

Saraki’s trial: Nigeria Labour Congress, civic groups advise Senate not to amend anti-corruption law

The Nigeria Labour Congress, NLC, has c alled on the Nigerian Senate to jettison its ongoing effort to change the country's anti-corruption laws. A civil society group, Transition Monitoring Group, also pushed a similar position. In separate statements released on Sunday, the groups said even though the National Assembly has…