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#PanamaPapers: Mike Adenuga, Niger Governor, Late Ooni of Ife, Andy Uba, 106 others Linked to Shell Companies | See full List

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The Panama Papers are a leaked set of 11.5 million confidential documents created by the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore companies, including the identities of shareholders and directors.

Comprising documents created since the 1970s, the 2.6 terabyte set was given by an anonymous source to the Süddeutsche Zeitung in August 2015 and subsequently to the US-based International Consortium of Investigative Journalists (ICIJ). The papers were distributed to and analyzed by about 400 journalists at 107 media organizations (including PREMIUM TIMES) in more than 80 countries.

Since April 4th when the first set were released, PREMIUM TIMES has revealed prominent Nigerians with offshore companies in tax havens.

Africa’s richest man Aliko Dangote; President of the Nigerian Senate, Bukola Saraki; convicted former governor of Delta State, James Ibori; former Senate President, David Mark; former Minister of Defence, General T.Y Danjuma; Founder, Synagogue Church of All Nations, Prophet T.B Joshua, the boss of Oando, Nigeria’s biggest indigenous oil firm, Wale Tinubu, were said to operate or have operated offshore companies in tax havens such as the British Virgin Islands, Panama, and Seychelles.

“The use of shell companies is not illegal and there are individuals and firms who incorporate them for purely legitimate purposes. Although, “some of them, who are public office holders, held the assets in violation of Nigerian law – failing to declare them to the Code of Conduct Bureau,” PREMIUM TIMES noted.

See the full list below:

Panama Papers1 Panama Papers2 Panama Papers3 Panama Papers4 Panama Papers5
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Panama Papers7 Panama Papers8 Panama Papers9 Panama Papers10 Panama Papers11

23 Comments

  1. tee

    May 5, 2016 at 11:42 pm

    hmmmnnnn….it is well with the righteous

  2. Chamazing chick

    May 6, 2016 at 12:25 am

    what is this supposed to do? it is said that use of these shell companies is not illegal but for those in public service who violated the law.
    the question is what happens to those in public service that violated the law, why was it leaked in the first place?
    i am just asking oo…if someone can clarify.

  3. Jade

    May 6, 2016 at 12:50 am

    This shouldn’t be a surprise. How else has the rich Nigerians gotten their wealth. It’s through oil and gas. And it’s business. Stolen government money meant for people as a whole is what is problem. You see how money doesn’t know tribalism, they are chopping money together. We are just wasting our time thinking the problem with nigeria is tribalism.

    • Just my 1 Cents

      May 6, 2016 at 3:13 am

      Common Nigerian mentality. Not all billionaires/wealthy people derived their riches from oil and gas. Not all wealthy people steal. There are LOTS of wealthy people in Nigeria that you don’t even know exists and live in humility. Lots of Nigerians in diaspora and Nigeria want to invest back ho,e, but are wary of people with your mentality.

      Nevertheless, I don’t blame you. The average Nigerian is a thief, whether rich or poor. The problem of “entitlement” haunts the society to the core.

    • Jade

      May 6, 2016 at 12:11 pm

      Sorry, most wealthy Nigerians made their money from oil and because there’s lack of innovation. Nigerians are not patient enough. Quick, temporary fix is the mentality. Dangote that is known for cement and rice, he started with oil money before expanding. Adenuga too before expanding to telecommunication. We Nigerians are book smart but we don’t develop our creative and innovative skills. Americans develop those skills which is the reason you see many starting from the scratch to top. Now, your statement applies to wealthy non Nigerian. Why do you think Nigeria is stuck economy wise because we depended on oil and gas forever and didn’t invest in other things to build the country.

    • The Real Nigerian.

      May 7, 2016 at 4:32 am

      @Just my 1 cents: I guess I’m not “”the average Nigerian”” then. And, there are many of us, who do NOT fit your bigoted description of “”the average Nigerian””.

    • Just my 1 Cents

      May 7, 2016 at 4:53 am

      Jade,

      I don’t disagree with you that some wealthy Nigerians gained their wealth through oil. I’m just saying there are several wealthy Nigerians that did not derive their wealth from oil and gas. Don’t know why we have this mentality that it must be oil/gas or doom. There are other sectors such as agriculture, construction, technology, etc which have made people billionaires. Just because you don’t hear them in the news or on Bella Naija doesn’t mean they don’t exist.

      Just as Sanusi and others said: oil and gas brings easy money, and the Nigerian government got lazy. People got wealthy off of oil and gas, both legally and illegally.

    • jade

      May 8, 2016 at 3:01 am

      Of course, there are rich nigerians who made their money outside of oil or stealing government money. If Nigerian society operate, built oní innovation, creativity and equal opportunity, there wont be mentality of rich naija is only connected to oil. There are rich naijas who are also not popular but as far as we know Dangote, is the richest naija on legal document. However, top wealthiest naijas started with oil money which theres nothingv wrong with. The problem is the lack of innovation. The ibru are known for banking, maduka motor company but im refering to the top wealthiest.

  4. Mostest

    May 6, 2016 at 1:17 am

    This is not just even about corruption in Nigeria. Money makes people wicked. As for the political office holders on this list who obviously stole nigerias money, the evil that men do lives with and after them

  5. oma D

    May 6, 2016 at 1:24 am

    Here we go again….

  6. Just my 1 Cents

    May 6, 2016 at 3:06 am

    Omo see list! But, as long as they declared their assets for tax, I don’t see the problem. The problem lies when they try to evade taxes.

  7. Hmm

    May 6, 2016 at 5:45 am

    And ‘this’ my peoples, is where ‘some’ of our billionz in $$$ have been stashed. Doesn’t sound so ridiculous anymore.

  8. Bimbo

    May 6, 2016 at 7:33 am

    Personally, I don’t see anything wrong with individuals such as Mike Adenuga, Dangote, etc being on this list. It’s only obviously wrong and illegal for those in public service, and they should face the music squarely – but I doubt anything will happen since it’s Nigeria.

    • Elle

      May 6, 2016 at 8:33 am

      Thank you o, Nigerians just like sensational reporting. Even in the UK, it is not illegal for companies to have accounts in tax shelters for the purpose for minimizing tax (at least for now) although it is considered morally wrong, the issue is when GOVT OFFICIALS do and that is what we should be focusing on. .

  9. Amy

    May 6, 2016 at 8:04 am

    How many igbos are there?! and yet they say Igbos love money mstewww!! They should keep up the good work! shebi one day some will die and leave and these behinde!!! it has started happening o!!!

    • nene

      May 6, 2016 at 5:48 pm

      igbos are the most innovative tribe in nigeria.

  10. Amy

    May 6, 2016 at 8:07 am

    How many Igbos are there?! and yet they say Igbos love money mstewww!! they should keep up the good work! shebi one day they will all die and leave all these behind!!! its has started happening o!!!

    • Elle

      May 6, 2016 at 8:35 am

      Even though I am one, but madam what does this have to do with Igbos? Must you tribalize everything?! Receive sense!!

    • Jade

      May 7, 2016 at 2:46 am

      Madam, there are Igbos on the list, what’s your problem again. Igbos complain too much chai. It’s like they always want to outnumber, outshine. If they are not out shinning then it’s nothing. Aren’t Yorubas and Hausas more in population than Igbos, so there’s a majority vs minority going on. The way each group acquire money is different. Igbo people are very industrious with great marketing skills. Yoruba people tend to focus on a different picture. For example, an Igbo man has business running through his blood, he wants to own 10 shops in the area selling everything, and be the talk of the town. But A Yoruba man is too lazy to go through all that wahala, is book smart(even ones that didn’t go to school) but dreams of owning a bank to borrow money, make money to build schools and churches. Hausa guy, is neither he just wants to chop money, live in a hut with his 30 wives while hiding his Kudi in the sand. I’m just joking with the generalization before people start attacking me.

  11. Amy

    May 6, 2016 at 9:15 am

    @Elle you know everyone is entitled to their opinion! and yes another thing you could actually make your point without sounding derogatory… Oh well sense received if it changes the situation of the country!!

  12. NG

    May 6, 2016 at 11:06 am

    Maybe it has something to say about patriotic disposition if your money stays out rather than working at home. For an underdeveloped country like Nigeria to have those milking from her cash cow- its majorly oil people, lets not deceive ourselves- to stash the loot outside is nothing to celebrate. But of course the names on the list will ensure muted responses from the presumptive vocal quarters on social media.

  13. Heeba

    May 6, 2016 at 12:48 pm

    Any public officer with their names here need to be questioned and brought to book …..theives

  14. Where do the rich traders keep there own?

    May 7, 2016 at 12:18 am

    Please so many names are missing on this list,where do they keep there own money?

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