Check High Profile Nigerian Politicians And Pastors Freshly Indicted Of Corruption.
Pandora Papers, one of the biggest leaks of financial documents in the world, has exposed the secret wealth and dealings of world leaders, politicians.
A number of high-profile persons in Nigeria have been named in the Pandora Papers scandal for flouting extant laws and legislation as they hid some of their assets without declaration to the general public.
The pandora Papers investigation — involving some 600 journalists from medias including The Washington Post, the BBC, The Guardian, and Nigeria’s Premium Times.
In all, there are 336 politicians listed in the document, according to the International Consortium of Investigative Journalists (ICIJ), which published the earth-shaking papers on Sunday. The document contains some Nigerian politicians.
The contents of the document reveals how some of the most influential Nigerians – a former Chief Justice of Nigeria, current and former state governors, past and present lawmakers, businesspeople, a popular pastor, and many others – set up shell companies, and sometimes warehouse huge financial assets, in notorious secrecy jurisdictions.
The first series published on Monday said former Anambra State governor Peter Obi of keeping secret assets he did not declare to Nigeria’s Code of Conduct Bureau (CCB).
In 2010, more than four years after Obi became governor, Obi reportedly set up his first discreet company in the British Virgin Island, and named the company Gabriella Investments Limited, after his daughter.
Away from Peter Obi, The acting Managing Director of Nigeria Ports Authority Mohammed Bello-Koko, is alleged to be involved in offshore shenanigans, hiding behind two shell companies incorporated in a tax and secrecy haven to anonymously invest in the United Kingdom property market, potentially violating Nigeria’s public service code of conduct laws, the ongoing Pandora Papers reporting has revealed.
The Pandora Papers also made fresh revelations on how Abubakar Bagudu who is the current governor of Kebbi State amassed dirty billions and how he is hiding it. Mr Bagudu was helped by British firms as he worked to conceal the huge wealth he made as a key member of the Abacha plunder machine.
Investigators says the huge funds, warehoused offshore, is part of billions of dollars Mr Bagudu helped the Sani Abacha family to steal from Nigeria in the late 1990s.
Mr Bagudu is long known to have played an instrumental role in the Abacha conspiracy to steal and launder billions of dollars belonging to Nigeria. But how he set up complicated structures of secrecy to hide stolen money as well as the role of his enablers became a mystery until recently unearthed by the Pandora Papers revelation.
One Ibrahim Bagudu who is said to be the brother of Abubakar Atiku Bagudu is also alleged to have conspired with his elder brother in indulging in the criminal activity.
Other Nigerians indicted include: former state governors, past and present lawmakers, businesspeople, a popular pastor, and many others, according to reports with their names to be revealed in the next batch of the revelation.
Until then, shivers has been sent down the spines of numerous Nigerian politicians who are mostly known for undertaking shady corrupt deals. Our curiosity would be helped soon at the release of the next batch of names.