Tag Archives: Paradise Papers

Joseph-Arumemi-Ikhide

Paradise Papers: Inside the complex offshore world of Arik Air founder, Arumemi-Ikhide

Joseph Arumemi-Ikhide, the founder of Nigeria’s biggest commercial airline, Arik Air, is perhaps the country’s most prolific user of offshore entities. Mr Arumemi-Ikhide, alongside his wife, Mary, owns and maintains an intricate network of shell companies scattered across notorious tax havens, PREMIUM TIMES can report. The revelation was brought to…

Bukola Saraki

Paradise Papers: Investigate, prosecute Saraki now, group says

The Human and Environmental Development Agenda, HEDA Resource Centre, a Non-Governmental Organisation, has urged the Code of Conduct Bureau, CCB, to urgently commence investigation and prosecution of the Senate President, Bukola Saraki, for constitutional violation and false declaration of assets. The group said its call for Mr. Saraki's investigation and…

Jim Ovia

Paradise Papers: Zenith Bank’s chair, Jim Ovia, offers to refund £11 million tax he allegedly avoided

The Chairman of Zenith Bank Plc, Jim Ovia, has offered to refund £10,892,166 being the total value-added tax payment he allegedly skipped while importing two luxury jets into the European Union. Mr. Ovia and Godwin Emefiele, Nigeria's Central Bank governor, were named among a number of personalities around the world…

Godwin Emefiele and Jim Ovia

Paradise Papers: Jim Ovia alone benefited from our offshore firms — Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that he did not benefit financially from the three companies linked to him and Jim Ovia, the chairman of Zenith Bank, in tax havens. He said the offshore firms were entirely arranged by Mr. Ovia and that it…

Azura Edo Power Plant

How Nigeria’s largest Independent Power Plant is set up to funnel billions to tax haven

Nigeria’s largest independent power plant (IPP), Azura Edo Power Plant, is a huge suction pipe set up to siphon millions of tax-free dollars through a network of Mauritius-incorporated offshore shell companies to a number of trusts and private equity firms, an investigation by PREMIUM TIMES and the International Consortium of…

Senate President, Bukola Saraki,

Paradise Papers: Document counters Saraki’s claim that he broke no law

The asset declaration form the President of the Senate, Bukola Saraki, filed in 2003 after he became governor has countered the politician's claim that he complied with the Code of Conduct and Tribunal law as far as his Cayman Islands company, Tenia Limited, is concerned. PREMIUM TIMES had reported on Monday…

WBG-IMF CONFERENCE -1

#ParadisePapers: Nigerian govt to investigate users of offshore tax companies — Adeosun

The Nigerian government on Tuesday said it will investigate users of offshore tax shelters recently exposed in the ongoing Paradise Papers global investigation. The Finance Minister, Kemi Adeosun, said the Federal Ministry of Finance’s data mining project would use data provided on Nigerians from the leaks to crosscheck tax declarations.…

Godwin Emefiele, CBN Governor

Violating laws, CBN Governor Emefiele illegally operates secret companies in tax havens

The Governor of the Central Bank of Nigeria, Godwin Emefiele, had stakes in at least three companies in offshore tax havens, and, by his own admission, illegally remained connected to at least one of them until July 2017, while also holding on to his top CBN job, an investigation by…

Bukola Saraki

#ParadisePapers: Saraki claims he violated no law

The Senate President, Bukola Saraki, has said he did not violate any Nigerian law in establishing Tenia Limited, a company operating in tax havens. The Senate President in a statement by his Special Adviser (Media and Publicity), Yusuf Olaniyonu, said the company operated 'no bank account ' and 'had been…

Godwin Emefiele and Jim Ovia

#ParadisePapers: Nigeria’s central bank chief, Emefiele, Zenith Bank’s chair, Jim Ovia, in tax avoidance scandal

The Governor of the Central Bank of Nigeria, Godwin Emefiele, and the Chairman of Zenith Bank Plc, Jim Ovia, have descended into a major tax avoidance scandal in Europe following revelations that they most likely skipped the payment of about £11million value added tax while importing luxury jets into the…

Bukola Saraki

Paradise Papers: Amnesty International calls for sanctions by world governments

Amnesty International has called on governments at all levels to take urgent steps to crack down on tax evasion and attendant corrupt actions by wealthy individuals, government officials and companies. This call is coming barely 24 hours after Paradise Papers released details from a leak of 13.4 million files that…

BRATISLAVA, SLOVAK REPUBLIC - OCTOBER 23:  HRH Queen Elizabeth II attends a State Banquet at the Philharmonic Hall on the first day of a tour of Slovakia on October 23, 2008 in Bratislava, Slovakia. The Queen and the Duke are on a two day tour of Slovakia at the invitation of President Ivan Gasparovic.  (Photo by Chris Jackson/Getty Images)

#ParadisePapers: Britain’s tax authority to look at Queen’s £10 million investment

Britain’s tax authority has asked to look at the leaked offshore investment documents dubbed ‘Paradise Papers’ to examine allegations against the queen, a spokesman for Prime Minister Theresa May said on Monday. “It is important to point out that holding investments offshore is not an automatic sign of wrongdoing, but…

Bukola Saraki, Senate President

Paradise Papers: Saraki violates Nigerian law again, linked to another firm in offshore tax haven

The President of the Nigerian Senate, Bukola Saraki, is in trouble again. On Sunday his name popped up in the global list of infamy exposing some leading world politicians for utilising shell companies in tax havens to either conceal assets, evade tax, or launder funds. That revelation, which is capable…

Paradise-Papers-Project

Paradise Papers: Saraki, other world politicians exposed in new offshore leak

The President of the Nigerian Senate, Bukola Saraki, is among 40 world politicians whose offshore hideaways were exposed by a new ICIJ investigations dubbed #Paradise Papers. A review of data obtained by German newspaper, Suddeutsche Zeitung, and ICIJ from two offshore secrecy providers (Appleby and Asiaciti Trust) and 19 secrecy…

Offshore Trove Exposes Trump-Russia Links And Piggy Banks Of The Wealthiest 1 Percent

Paradise Papers: Offshore Trove Exposes Trump-Russia Links And Piggy Banks Of The Wealthiest 1 Percent

A trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump’s billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world. The leaked documents, dubbed…