Abuja - 12 offshore companies have been linked to the Group Chief Executive of Oando PLC, Mr. Wale Tinubu,
The companies linked to Wale, who is also a nephew of the National Leader of the All Progressives Congress, Bola Tinubu include Sigma Technology Inc; Techventure Inc; Anglesey Management SA; Caine Trading Corp; Keligh Engineering Corp; Hud Trading Corps; Meridian Procurement International Services Ltd.; Lynx Shipping Ltd; Equinox Shipping Ltd; Everglade Oil Inc; Framlingham Ltd. and Triton Trading Ltd.
The latest revelation was contained in the leaked massive internal data belonging to Panamanian law firm, Mossack Fonseca which was obtained by German newspaper, Süddeutsche Zeitung.
According to documents sighted by Nigerian online newspaper, Premium Times, the Oando boss and his deputy, Omamofe Boyo, have been operating foreign accounts in tax havens for over seven years.
Tinubu, according to the documents, may have made huge returns from his shell companies in 2008 as he agreed to pay a front as much as $20,000 monthly to manage all of his offshore transactions.
Source: Premium Times
- News 24