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All You Need To Know About The Pandora Papers, Hidden Tax Havens Of World Leaders, Others

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All You Need To Know About The Pandora Papers, Hidden Tax Havens Of World Leaders, Others

A massive investigation under the umbrella of Pandora Papers is currently ongoing, leaking how world leaders, business moguls used offshore tax havens to hide assets worth hundreds of millions of dollars.

Pandora Papers investigation is based on the leak of some 11.9 million documents from 14 financial services companies around the world by 600 journalists from media including The Washington Post, the BBC, and The Guardian.

The Pandora Papers released, on Sunday, October 3, 2021, were analyzed by the International Consortium of Investigative Journalists (ICIJ), a nonprofit newsroom and network of journalists centered in Washington, D.C. Some current and former leaders are featured in the documents and will be facing allegations ranging from corruption to money laundering and global tax avoidance.

Based on the most expansive leak of tax haven files in history, the investigation reveals the secret deals and hidden assets of over 330 politicians and high-level public officials in more than 90 countries and territories, including 35 country leaders.

Ambassadors, mayors and ministers,  presidential advisers, generals, and a central bank governor appear in the files.

Where Are The 336 Politicians In The Pandora Papers From?

Pandora Papers Leak, Photo Credit: Aljazeera

Some of the names are listed below:

Heads of state

  • Jordan Abdullah II, King of Jordan
  • Dominican Republic Luis Abinader, President of the Dominican Republic
  • Azerbaijan Ilham Aliyev, President of Azerbaijan
  • Montenegro Milo Đukanović, President of Montenegro
  • Kenya Uhuru Kenyatta, President of Kenya
  • Ecuador Guillermo Lasso, President of Ecuador
  • Republic of the Congo Denis Sassou Nguesso, President of the Republic of the Congo
  • Gabon Ali Bongo Ondimba, President of Gabon
  • Chile Sebastián Piñera, President of Chile
  • Qatar Tamim bin Hamad Al Thani, Emir of Qatar
  • Ukraine Volodymyr Zelensky, President of Ukraine

Former heads of state

  • Paraguay Horacio Cartes, former president of Paraguay
  • Colombia César Gaviria, former president of Colombia
  • Peru Pedro Pablo Kuczynski, former president of Peru
  • Honduras Porfirio Lobo Sosa, former president of Honduras
  • Panama Ricardo Martinelli, former president of Panama
  • Colombia Andrés Pastrana, former president of Colombia
  • Panama Ernesto Pérez Balladares, former president of Panama
  • Panama Juan Carlos Varela, former president of Panama

Heads of government

  • Ivory Coast Patrick Achi, Prime Minister of Côte d’Ivoire
  • Czech Republic Andrej Babiš, Prime Minister of the Czech Republic
  • United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the United Arab Emirates and Emir of Dubai
  • Lebanon Najib Mikati, Prime Minister of Lebanon

Former heads of government

  • United Kingdom Tony Blair, former Prime Minister of the United Kingdom
  • Italy Silvio Berlusconi, former Prime Minister of Italy
  • Hong Kong Tung Chee-hwa, former Chief Executive of Hong Kong
  • Hong Kong Leung Chun-ying, former Chief Executive of Hong Kong

Politicians

  • Honduras Nasry Asfura, current mayor of Tegucigalpa
  • Israel Nir Barkat, former mayor of Jerusalem and current member of the Knesset
  • Brazil Roberto Campos Neto, president of the Central Bank of Brazil
  • Mexico Jorge Arganis Díaz Leal, Secretary of Communications and Transport
  • Ecuador Jaime Durán Barba, consultant of former President of Argentina Mauricio Macri
  • Brazil Paulo Guedes, Minister of the Economy
  • Netherlands Wopke Hoekstra, Minister of Finance and Leader of the Christian Democratic Appeal
  • Serbia Siniša Mali, Minister of Finance and former Mayor of Belgrade
  • Argentina Zulema María Eva Menem, former First Lady of Argentina and daughter of former president of Argentina Carlos Menem
  • Argentina Daniel Muñoz, Secretary of former president of Argentina Néstor Kirchner
  • Israel Haim Ramon – former Vice Prime Minister of Israel and former member of the Knesset
  • Mexico Julio Scherer Ibarra [es], former advisor of Mexican President Andrés Manuel López Obrador
  • Pakistan Shaukat Tarin, Finance Minister of Pakistan
  • Malaysia Daim Zainuddin, former Minister of Finance and Chief of the Council of Eminent Persons (CEP)
  • Philippines Arthur Tugade, Secretary of Transportation
  • Philippines Andres D. Bautista, former Chairman of the Commission on Elections and Chairman of the Presidential Commission on Good Government
  • Philippines Dennis Uy, businessman, Honorary Consul of Kazakhstan to the Philippines and business associate to Philippine President Rodrigo Duterte
  • Sri Lanka Nirupama Rajapaksa, former Deputy Minister of Water Supply & Drainage

Who has been named?

Among significant individuals named are is Kenyan President Uhuru Kenyatta, who, along with six of his family members, was revealed to own 11 offshore companies containing $30million worth of assets.

Former Anambra State Governor, Peter Obi was also revealed to have hidden assets in offshore companies.

Obi first set up Gabriella Investment in 2010 in the British Virgin Islands, which he didn’t declare in his asset form.

The company has mutated and is now known, from 10 February 2017, as PMGG Investments Limited. The name combined the first letters of the first names of Mr. Obi’s nuclear family. P for Peter (ex-governor), M for Margaret (the ex-governor’s wife), G for Gabriella (the ex-governor’s daughter), and G for Gregory (the ex-governor’s son).

“Mr Obi has also now created a trust known as The Gabriella Settlement, an entity also registered in the BVI.

“According to Fidelity Investments, a trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Experts believe that trusts are traditionally used for minimizing taxes even though they can offer other estate plan benefits as well.

“By the current structuring of Mr Obi’s wealth and offshore businesses, The Gabriella Settlement, which appears to hold all or a majority of his assets, is the sole shareholder of PMGG Investments.

“In turn, a New Zealander entity, Granite Trust Company Limited is the sole trustee of The Gabriella Settlement. Sam Access International, the Monaco-based secrecy enabler Mr Obi first hired in 2010 to set up his offshore structure, was until August 23, 2019, the sole shareholder of Granite Trust”.

Others include Jordan’s King Abdullah II who was alleged to have used offshore accounts to spend more than $100m on luxury homes in the UK and US.

Days ahead of the Czech Republic’s October 8-9 parliamentary election, the documents allegedly tied the country’s prime minister, Andrej Babis, to a secret $22m estate in a hilltop village near Cannes, France.

The Papers also listed Kenya’s President Uhuru Kenyatta and his mother as beneficiaries of a secretive foundation in Panama.

The leaked document also showed that three of Kenyatta’s siblings own five offshore companies with assets worth more than $30m.

As well as politicians, the public figures exposed included Colombian singer Shakira, German supermodel Claudia Schiffer and former Indian cricket captain Sachin Tendulkar.

Prime minister of Pakistan Imran Khan’s cabinet ministers and their families were shown to own millions of dollars worth of offshore companies.

President of Ukraine Volodymyr Zelensky was shown to have moved his stake in a secret offshore company just before his victory in the 2019 election.

Azerbaijani President Ilham Aliyev and his family and close associates snapped up more than $500million (£400million) worth of property in the UK – consisting of 17 properties, including an office block in London for $44.6million (£33million) for the president’s son Heydar Aliyev, aged 11.

They also appeared to have made a $41.9million (£31million) profit after selling a London property to the Queen’s Crown Estate, which is managed by the Treasury.

Former British prime minister Mr Blair and his wife Cherie saved some $434,000 (£321,000) in stamp duty when they bought an office in London by purchasing the offshore company that owned it. amongst others.

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5th Bodex Social Media Hangout: Exploring the power influence and impact of digital platforms

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The 5th edition of the Bodex Social Media Hangout (BSMH) unfolded in grand style, spotlighting the transformative power of social media in shaping narratives, fostering collaboration, and addressing societal challenges. With the theme “Social Media: The Influence, Power, and Impact,” the event attracted dignitaries, influencers, and stakeholders from across various sectors.

The event was moderated by the visionary Bodex Florence Hungbo, who guided the discussions with her signature poise and depth. Representing Governor Babajide Sanwo-Olu, Dr. OreOluwa Finnih, S.A. on SDG who delivered a keynote address on behalf of the governor, who was on an official trip.

The presence of Dr. OreOluwa Finnih highlighted the Lagos State Government’s commitment to leveraging social media as a tool for growth and societal well-being.

The Bodex Social Media Hangout is a distinguished media talk-shop fostering collaboration among social media users, professionals, and stakeholders. Focused on promoting responsible digital citizenship, BSMH aligns with the United Nations Sustainable Development Goals (SDG 3) to enhance the well-being of users and encourage cultural and societal advancements through social media.

The event emphasized the urgent need for Nigeria to address challenges such as fake news, cyberbullying, and online harassment.

A recent survey by The Guardian Nigeria revealed that 86% of Nigerians have encountered fake news, reflecting the pervasive influence of misinformation on social stability. Additionally, issues like mental health threats, cybercrime, and privacy concerns were discussed as critical challenges requiring immediate attention.

Through its sessions, the event showcased how social media has become a powerful tool for fostering awareness, driving economic growth, and promoting cultural exchange. Speakers and panelists also examined the darker side of digital platforms, including the rise of cyberbullying, mental health issues, and the spread of divisive content.

The event featured an impressive lineup of speakers and panelists who provided unique perspectives on the influence, power, and impact of social media:
Dotun Babatunde – The Impact of AI on Social Media

Dotun Babatunde explored the transformative role of Artificial Intelligence in the social media landscape, emphasizing its impact on the “attention economy.” He remarked, “We live in an attention economy, where human attention is a scarce commodity.” Babatunde explained how AI-driven algorithms prioritize engagement, often amplifying sensational content, but also creating opportunities for personalized and meaningful interactions. He encouraged users and creators to approach AI with a balanced perspective, recognizing both its potential and pitfalls.

A/Prof Tayo Popoola Ph.D. – Social Media: The Influence, Power, and Impact

Associate Professor Tayo Popoola from the Department of Mass Communication, University of Lagos, provided a thought-provoking analysis of social media’s role in society. He stated, “Social media is a double-edged sword: it empowers the voiceless but also creates spaces for misinformation and toxicity. The challenge lies in managing its influence responsibly.” Prof. Popoola underscored the importance of digital literacy in enabling users to harness the benefits of social media while mitigating its negative impacts.

Akin Olaniyan – Navigating the Social Media Age: Clout, Influence, and the Ethics of the Attention Economy

Akin Olaniyan delivered a compelling critique of clout-chasing in the social media era. He commented, “Give any moron a smartphone, and anything and everything becomes content. To such a fellow, clout-chasing is an end in itself, and the smartphone just makes it super-easy.” Reflecting on the quality of content creation, he added, “I am tempted to believe that their choice of subjects reflects their intellect, with the more empty-headed being the most daring.” Olaniyan called for ethical standards in digital content creation and urged society to value substance over virality.

ACP Olumuyiwa Adejobi – The Digital Detective: Solving Crimes in the Social Media Age

The Force Public Relations Officer, ACP Olumuyiwa Adejobi, showcased how social media has revolutionized law enforcement. He stated, “Social media is not just a platform for entertainment; it’s a valuable tool for law enforcement. By leveraging the power in the mass number of social media active users, we can solve more crimes and make our communities safer.” Adejobi shared examples of cases solved through digital platforms and emphasized the need for digital-savvy officers to maximize this potential.

In addition to the keynote speakers, the panelists brought fresh insights and diverse expertise to the event. Notable contributors included:
Olufemi Oguntamu, CEO of Penzaarville Africa.
Tomiwa Talabi, Founder/CEO of Lagos Life Influencer.
Dayo Oketola, Author, PR Consultant, and Former Editor at The Punch.
Iyabo Ojo, Actress, Filmmaker, and Influencer.

Hosted by celebrated media personality Frank Edoho, the event featured workshops, live sessions, and networking opportunities, creating an interactive atmosphere for attendees. Discussions covered a range of topics, from personal branding and content creation to the role of digital platforms in fostering community and enhancing security.

The panelists emphasized the power of social media in amplifying voices, holding leaders accountable, and fostering a sense of global connection. However, they also called attention to the darker aspects of the digital world, advocating for measures to combat negativity and promote a safer online environment.

Dr. OreOluwa Finnih reaffirmed the Lagos State Government’s vision of creating a digital ecosystem that promotes economic growth, cultural exchange, and societal well-being. The event’s mission remains clear: to foster collaboration, combat negativity, and shape Nigeria’s digital landscape for the better.

The Bodex Social Media Hangout remains a leading force in shaping Nigeria’s digital landscape.

In the words of Bodex Florence Hungbo: “Social media is the new oil well, Let us go fetch it.”

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“Tunji Ojo Has No Case To Answer” -Shehu Sanni

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Olubunmi Ojo

Former Kaduna Central Senator, Shehu Sani, says Minister of Interior, Olubunmi Tunji-Ojo, has no case to answer regarding the contract awarded to a company linked to him by suspended Minister of Humanitarian Affairs, Betta Edu.Sani, in a chat with The Whistler, said Tunji-Ojo did not violate any public service law since he resigned from the company years ago.
” It could have been a conflict of interest if he hadn’t resigned.The senator further said it is “not his ministry (that awarded contracts), and companies have the right to pursue businesses anywhere.“Edu’s case is very clear and can’t be equated with that of a company associated with Hon Ojo.“Legally, he can’t be held to account on this matter.“Let’s not be distracted,” Sani said.“The extant provision of the law under the 1999 Constitution is that anybody who is a public servant cannot engage in any business other than farming,” said Nelson Kebordih, a senior lawyer whose interest is in public policy.He said the implication of the law is “that a person must be in active control and directorship of the company in the management of any enterprise.“You are permitted to own shares because owning a share does not put you in the day-to-day management of the company or any enterprise.“If he (Tunji-Ojo) has resigned from being a director, the law does not stop him from owning shares in the company,” he stated.The former lawmaker’s position aligns with the 2008 Federal Service Rules on Chapter 4 which states that “Public officers are not prohibited from holding shares in both public and private companies operating in Nigeria or abroad except that they must not be Directors in private companies, and may only be Directors in public companies if nominated by Government.”
Following the suspension and quizzing of Edu, concerning alleged financial sleaze, the Minister of Interior has come under pressure to resign or equally be suspended by the president after it emerged that his company, New Planet Project Ltd, also received a contract from Edu.Edu had awarded some companies contracts, some of which were unregistered with the Corporate Affairs Commission (CAC) raising concern of fraud and illegality.Tunji-Ojo is also being pressured to step down with many commentators saying he has flouted the Public Service Rules which barred public servants from being awarded contracts or contracting any business except farming.But the Minister while speaking on television explained that he had resigned since 2009 from the company.“Almost five years ago, I resigned as director of the company, so I’m not a director. I resigned on 1st of February, 2009, you can take that to the bank,” the minister had said.

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”Your mentorship, humility, and resilience was exemplary” Oando Boss, Wale Tinubu Mourns Barkindo

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The Group Chief Executive, Oando Plc, Jubril Adewale Tinubu, has mourned the death of H.E. Mohammad Sanusi Barkindo, the Secretary General of the Organisation of Petroleum Exporting Countries, OPEC.
Tinubu said Barkindo’s death has robbed him of a good friend.
He wrote: “We had many conversations and speeches together  yesterday but this wasn’t one of them.
“The most profound reminder of the fragility of life is death.
“You were a good man who lived a great life. Y
“I still can’t believe the news, but Allah knows best. Till we meet again my good friend.”
Barkindo died at about 11pm on Tuesday, 5th July 2022.
His death confirms the old saying of a thin line separating life from death. But once that line is crossed, the gulf created becomes as large as an ocean, and so treacherous that it’s impossible to cross back.
The sad incident of the death of H.E. Mohammad Sanusi Barkindo has again brought to the fore what difference a few hours coiuld make between life and death.
Mohammad Sanusi Barkindo was among other top and eminent personalities that delivered speeches at the ongoing 21st Nigeria’s Oil and Gas conference in Abuja . His speech earned him a standing ovation.
Unfortunately, the technocrat died of heart attack hours after he was honoured by President Muhammadu Buhari at the Presidential Villa.
A former managing director of the NNPC,  Barkindo was appointed OPEC Secretary-General in 2016. He was the fourth Nigerian to hold that position and the 28th person in the role overall.
He was GMD of the NNPC between 2009 and 2010.
He was 63 years old.


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