Yesterday, we brought you news of the Panama papers saga currently rocking the world. A whooping number of eleven million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca.
These documents revealed how Mossack Fonseca helped clients consisting of rich and powerful individuals around the world launder money, evade tax, hide their wealth and dodge sanctions. Read more here.
As more facts unravel, a number of world leaders and politicians the likes of Saudi Arabian monarch King Salmannamed, Egypt’s former President, Hosni Mubarak, former Libyan leader Muammar Gaddafi, Chinese President Xi Jinping, footballer Lionel Messi, former Governor of Nigeria’s Delta state, James Ibori, Nigeria’s Senate President, Bukola Saraki’s wife among others, have been linked with the Panamanian law firm.
According to The Will, Nigeria’s immediate past Senate President, David Mark, has also been linked to at least eight offshore shell companies while holding public office.
In the documents Mark was allegedly linked the companies registered in the British Virgin Island; Sikera Overseas S.A, Colsan Enterprises Limited, Goldwin Transworld Limited, Hartland Estates Limited, Marlin Holdings Limited, Medley Holdings Limited, Quetta Properties Limited, and Centenary Holdings Limited.
This goes against Section 6(b) of the Nigerian Code of Conduct Act which states that a public office holder shall not, “except where he is not employed on full‐time basis, engage or participate in the management or running of any private business, profession or trade”.
David Mark has held a number of public offices including Military Governor of Niger, Minister of Communications, Senator representing Benue South Zone since 1999 before becoming Senate President from 2007 to 2015.
Other Nigerians that have been named as running shell companies in the islands include Bukola Saraki’s brother Laolu, his associate Obi Asika and Olufela Ibidapo.
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