By Tony Ezimakor


Abuja – Okoi Obono-Obla, Presidential Adviser on Prosecution and Chairman of the Special Presidential Task Force on Recovery of Public Assets, disclosed on Wednesday that the panel had opened investigation into the Panama Papers.

He revealed that investigation into the Panama Papers as it involved an unnamed public officer had been concluded.

Obono-Obla said the investigation, which was done with the active collaboration and assistance of the Nigerian Intelligence Agency (NIA), was presently before President Muhammadu Buhari.


Obono-Obla, who some time ago was enmeshed in an alleged certificate scandal, claimed that the public officer had over 20 offshore companies.

He also disclosed that a special panel had zeroed in on the non-remittance of $1.9 billion by Mobil, being the outstanding cost of the $2.5 billion oil block awarded to it in 2009 by government.


He made the disclosure in Abuja at the Anti-Corruption Situation Room on Public Presentation of Expert Analysis on the OPL 245 Malabu oil deal, organised by HEDA Resources, in collaboration with Global Witness.

He said the panel would also investigate the scandalous OPL 245 deal with a view to bringing culprits to book.

According to him, a number of oil companies were also under intense probe for failing to pay taxes to government.

“The panel was set up in August 2017 to give impetus to the war against corruption.

“The panel is to recover assets of public officers who have abused their office, who have corruptly enriched themselves, who contributed to the economic adversity of Nigerians, and who have violated the Code of Conduct for public officers.

“This scandal (Malabu) is a classical example of corrupt enrichment and I can assure you that this panel will investigate it.


“Currently, we are investigating the Panama and Paradigm Papers.

“One of them has actually been concluded. One public officer was mentioned. We collaborated with NIA, the report has been presented to Mr. President. That public officer has about 20 offshore companies,” Obono-Obla said.

He added that while Mobil was operating in Nigeria, they involved themselves with some of the misbehaviour of multinational oil companies.

“You can imagine how much the oil companies are making but they cannot pay tax. That’s a typical case of lawlessness,” he said.

The panel, he said, had beamed its searchlight on the 2006 bailout funds advanced to commercial banks by the Central Bank of Nigeria (CBN).

“We are also investigating the bailout funds. If you recall, the CBN bailed out commercial banks to the tune of $7 billion.”

He said the bailout funds advanced to commercial banks, following a resolution of directors of CBN in 2006, would be recovered since, he said, commercial banks did not belong to the Nigerian people but were private entities.

Islie:
just finding ways to get saraki out because of pananma revelation about his involvement after the armed robbery allegations is not flying



anyway lalasticlala..... what do you think

Former Pakistan PM Sharif Sentenced To 10 Years Over Panama Papers
The historic corruption verdict against Pakistan’s former leader also included prison sentences for his daughter and son-in-law.

Former Pakistan Prime Minister Nawaz Sharif has been sentenced to 10 years in prison and fined $10.6 million on corruption charges linked to 2016 Panama Papers revelations about his family’s properties overseas.

The National Accountability Bureau, Pakistan’s anti-graft court, also has convicted Sharif’s daughter Maryam to a seven-year prison term and his son-in-law Muhammad Safdar to one year imprisonment.

shina277:
its only probe we hear in the news,indictment and punishment are always hard to come across.God dey sha

eligiblegaf:


What else do you expect from PMB ? Let all the miscreants looters be probed if they have truly stolen and diverted the nations resources for the benefits of their unborn children.

If Atiku , Saraki and any public figures are involved, let them be dealt with judiciously according to the law. Thief is thief.

Glory be to God that Buhari is a descent democrat , if not the criminality embedded in the blood of Nigeria politicians would have been flushed out by thie most impeccable Nigeria President.
No amount of hate speech and animosity can remove PMB from power till 2023.

Deutsche Bank offices raided in connection with Panama Papers

Police search Frankfurt offices as part of investigation into alleged money laundering

Thu 29 Nov 2018 11.41 GMT

Police in Germany have raided the offices of Deutsche Bank in connection with the Panama Papers revelations and as part of an investigation into alleged money laundering.

About 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank officers in and around Frankfurt, the public prosecutor’s office said. Investigators are looking into the activities of two Deutsche Bank employees who allegedly helped clients to set up offshore companies to launder money, it added.

The Panama Papers, published by the Guardian and a consortium of international journalists in April 2016, revealed how offshore tax havens including the British Virgin Islands were used to hide billions of dollars.

What are the Panama Papers? A guide to history's biggest data leak
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The prosecutor’s office said it had seized written and electronic business documents. Police cars were parked outside the headquarters of the bank, Germany’s biggest lender.

In a statement Deutsche Bank confirmed the raid. “The investigation has to do with the Panama Papers case. More details will be communicated as soon as these become known. We are cooperating fully with the authorities,” it said.

Records from the Panamanian law firm Mossack Fonseca were the basis of the Panama Papers investigation and included more than 10m documents. The revelations caused protests in several countries and led to the resignation of several heads of state, including in Iceland and Pakistan.

Several banks, including the Swedish lender Nordea, have already been fined by financial regulators for violating money laundering rules as a result of the Panama Papers.

The prosecutors said they were looking at whether Deutsche Bank may have assisted clients to set up “offshore companies” in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money-laundering safeguards.

In 2016 alone, more than 900 customers were served by a Deutsche Bank subsidiary registered on the British Virgin Islands, generating €300m, the prosecutors said.

They said Deutsche Bank employees were alleged to have breached their duties by neglecting to report money laundering suspicions about clients and offshore companies involved in tax evasion schemes.

The investigation is separate from another money laundering scandal surrounding the Danish lender Danske Bank, where Deutsche Bank is involved.

Denmark’s state prosecutor filed preliminary charges on Wednesday against Danske for alleged violations of the country’s anti-money-laundering act in relation to its Estonian branch.

Danske is under investigation for suspicious payments totalling €200bn from 2007 onwards and a source with direct knowledge of the case told Reuters that Deutsche Bank helped to process the bulk of the payments.