A massive leak of files belonging to Mossack Fonseca, a law firm in Panama, shows Senator David Mark has a missive off shore companies.
The files showed how Mossack Fonseca, reputed as one of the most secretive companies in the world, helped clients register offshore entities, some of which are then used to launder money, evade tax and dodge sanctions.
They also provide details of the hidden financial dealings of more than 128 politicians and public officials around the world, including in Nigeria.
The trove of 11.5 million files shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars.
The revelations are among the findings of a lengthy investigation by the International Consortium of Investigative Journalists, German newspaper, Süddeutsche Zeitung, and more than 100 other global news organizations.
Former Nigerian Senate President David Mark and his secret companies were featured in the the Mosseca Fonseca database.
The Mossecca Fonseca database shows that Mark is one of Nigeria’s most extensive users of offshore shell companies, even while as a public official.
In documents, Mark was linked to eight active companies registered in the British Virgin Island. They are 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. In the documents,
The #PanamaPapers had on Monday exposed Mr. Mark’s colleague in the Senate, Bukola Saraki, as failing to declare at least four assets belonging to his wife, all tucked away in secret offshore territories, as required by Nigerian laws.
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