MRS holdings Ltd, oil marketing company of Nigerian billionaire, Sayyu Dantata, and international oil giant, Chevron, are at the centre of a N360 Billion [$1 billion] secretive oil deal that is raising fresh tax avoidance worries in Nigeria and across West Africa, new details from the Panama Papers reveal.

Details of this tax scheme emerged out of fresh evaluation of the role of business entities in the extractive industry of the West African sub region within the scope of the 2016 groundbreaking investigations around the Panama Papers. This new investigative initiative is tagged West Africa Leaks.

omowolewa:
Tax Avoidance is not a crime only evasion is. That is the law, not the morals, so no scandal yet.

A scandal can be broadly defined as an accusation or accusations that receive wide exposure. Generally there is a negative effect on the credibility of the person or organisation involved. Society is scandalised when it is made aware of blatant breaches of moral norms or legal requirements.