Abuja - Senate President Bukola Saraki is enmeshed in a fresh hidden asset crisis.
Saraki is currently facing trial at the Code of Conduct Tribunal for false asset declaration while he was governor of Kwara State between 2003 and 20111.
The fresh trouble emanated from the Panama Papers, a trove of documents hacked from Panama legal firm, Mossack Fonseca, showing many world political leaders and their allies, business leaders, professionals, hiding cash and assets in a labyrinth of offshore companies and banks, to escape the probing eyes of tax authorities.
Also read: Saraki accused of bribing journalists to kill CCT trial stories
The report in the Panama Papers alleged that at least four assets belonging to the Saraki family, tucked away in secret offshore territories, have been uncovered.
It alleged that the Senate President failed to declare them to the Code of Conduct Bureau (CCB) as required by Nigerian laws.
Saraki is not the only prominent Nigerian named in the document.
There are also former Delta State Governor James Ibori, Saraki’s brother Laolu, his associate Obi Asika and Olufela Ibidapo.
- News 24