Wealth owned by former Chairman of the United Bank for Africa (UBA), Hakeem Belo-Osagie, is domiciled in trusts and shell companies in some notorious tax havens around the world, with some in Jersey in the Channel Islands.

The Channel Islands are a tax haven and an archipelago in the English Channel, off the French Coast of Normandy.

Mr. Belo-Osagie, now Chairman of Etisalat Nigeria, was listed by Forbes Magazine as the 41st richest man in Africa with a net worth of $600 million as at November 2014.

One of the tax-haven Trusts in Jersey is known as the Belo-Osagie Trust 2 which actually is a front office for a shell company called Clerkenwell Management Limited.


MORE AT: http://theicon.ng/2016/05/02/panama-papers-etisalat-chairman-hakeem-belo-osagie-secret-assets-uncovered/

hmm

600 Million what ?