Days after Senator Bukola Saraki denied being the owner of offshore hidden assets listed in the ‘Panama Papers’, and claimed they are owned by his wife, Toyin Saraki’s family, new documents have shown that the Senate President lied.
In the latest report by PREMIUM TIMES, the senate president’s wife is only fronting for her husband in some of the shady deals.
According to the report, the assets in Toyin’s name in tax havens are actually held in trust for Bukola Saraki, and neither belong to her nor to her family’s estate.
The report that is backed with documents has it that one of the companies in Mrs. Saraki’s name in Seychelles Island is Sandon Development Limited, a vehicle used in acquiring a property on 8 Whittaker Street, Belgravia, London, in 2012.
Another shareholder listed for that company is Babatunde Morakinyo, a long-term personal aide and friend of Mr. Saraki.
But in April 2012 while still Kwara governor, the senate president described himself as landlord of the same property at 8 Whittaker Street, London and 70 Bourne Street, London, in his efforts to execute a deed granting his tenants licence to alter the premises of the properties.
Read full story: #PanamaPapers: Documents show hidden offshore assets belong to Senate President Saraki; wife, Toyin, a mere front