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 of attracting fresh criminal charges to the politician, came only 18 months after a similar investigation exposed his ownership of at least three secret offshore firms which he used in concealing assets abroad.
The expose also came even as the senator is battling to extricate himself from charges relating to false asset declaration. The matter is now at the Court of Appeal after the Code of Conduct Tribunal acquitted and discharged him.

The latest details emerged from a leaked data obtained by German newspaper, Suddeutsche Zeitung, and ICIJ from two offshore secrecy providers (Appleby and Asiaciti Trust) and 19 secrecy jurisdictions.

The leaked 1.4 terabyte data, now infamously dubbed Paradise Papers, contains 13.4 million records and is no doubt one of the biggest leaks in history.