₦airaland Forum

resurgent2019:
Igbos and ignorance though. They are an inseparable pair.

If the PDP chooses an Igbo man as VP, that is automatic failure as Yorubas and Hausas will come out enmasse to vote Buhari. Any inkling of an Igbo on any political party’s ticket will embolden Nigerians to come out and vote against that party.

Can’t the igbos see the trend? Na wa o

GavelSlam:
I swear bobrisky go pull crowd pass Saraki.

hollywater:
I will rather spend my whole day in Ashawo house that day,than to vote the Lifeless one again.

Benekruku:
That's my worry, they will start shouting Biafra again once they lose out come 2019

Ugosample:
what is this one saying?

Anambra state alone is as urbanized and developed as Lagos

Just that it does not have an international airport and a sea port like Lagos
Good govs from ngige to obi to obiano has been moving the state forward gradually over the last 15 years


But you will not know that because you have not been to anambra state before
Enugu is also one of the most developed capital cities in Nigeria
Ebonyi is making some strides


carry your unexposed self on a fact finding mission to the SE

Ugosample:
the same way Lagos must be freed from the grip of Tinubu.

Lagos is back deep in his pocket, and that grip needs to be broken for Lagos to be free.

deomelo:
Saraki and his wife are smart crooks and they've been for so many years, the crooked woman just spewed lies and rubbish just to dodge the accusation.

The rubbish about cash transfer sounds more like a figment of her crooked and corrupt imagination, a made up nonsense by a smart crook.

Whatever nonsense she spewed didn't exist in Kwara state under her greedy, money-grubbing and corrupt husband. Cash transfer started in 2016 under PMB's cash transfer program for the poor. There are zero records of such rubbish under her husband as the governor of Kwara state and I just wonder why she didn't present documented facts and 1 single beneficiary.


She really should tell us how she and her husband landed in Panama papers with multi-million dollar assets all over the world and what happened to the funds from all the businesses and banks she destroyed with her husband.

MayorofLagos:
If there was a fear of consequence she would not have claimed a foreign citizenship. In any other country, the number 3 man would have been sacked by the political bureau for having intimacy with foreigner.

We have no such conscience in Nigeria and so we are repeatedly abused by gross indifference from those whose job it is to uphold our dignity.

Ojiofor:
I know it will end in insult,what else is expected from Tinubu/Buhari supporter.
Tinubu account manager.

vanbonattel:
Igbos are great and prosperous, the most travelled, the most liberal, the most democratic and the most peaceful people you will find anywhere. Going to oyo state to live and do peaceful business for many years while contributing to Ohaneze Ndigbo is commendable. Kudos to the most peace loving tribe in the world.

Rhozabeth:
The day I will find out that any Saraki family or relative is a board member in any bank I have money, that is the day I will withdraw all my money from the bank even if it is just 1k I have in d account!

Ojiofor:
High Thief Tinubu was docked too,that he wangled his way out of justice doesn't mean he ain't guilty of stealing and mass looting of public fund.

Ahaaaaaaaaa thats the big eyed thief on the dock.

FarahAideed:
And thatvyour Buhari is not a more deadly crook right

carammel:
Can't one person have dual citizenship? She can be Nigerian by origin at the same time a british by whatever means.

Politically exposed persons

Politically exposed persons (PEPs) are individuals whose prominent position in public life may make them vulnerable to corruption. The definition extends to immediate family members and known close associates.

https://www.fca.org.uk/firms/money-laundering-terrorist-financing/high-risk-customers-politically-exposed-persons

As investigators in Seychelles enquire about the multi-million dollar assets owned by the Senate President, Bukola Saraki, through offshore shell companies in tax havens, his wife, Toyin, who is suspected to have acted as his front, tried to distance herself as a politically-exposed person (PEP) by submitting documents that suggested she was a British national and not a Nigerian.



https://allafrica.com/stories/201806280166.html

HardMirror:
making your fonts bold wont make what you typed more sensible

ucheo:
I see nothing wrong here..is she not british? Lets stop playing to the gallery those wey steal we no fit jail them na to waste money go Seychelles.

Politically exposed persons

Politically exposed persons (PEPs) are individuals whose prominent position in public life may make them vulnerable to corruption. The definition extends to immediate family members and known close associates.

https://www.fca.org.uk/firms/money-laundering-terrorist-financing/high-risk-customers-politically-exposed-persons

As investigators in Seychelles enquire about the multi-million dollar assets owned by the Senate President, Bukola Saraki, through offshore shell companies in tax havens, his wife, Toyin, who is suspected to have acted as his front, tried to distance herself as a politically-exposed person (PEP) by submitting documents that suggested she was a British national and not a Nigerian.



https://allafrica.com/stories/201806280166.html

I'm British, Saraki's Wife Tells Seychelles' Investigators Probing Alleged Money Laundering



By Nicholas Ibekwe


https://static.pulse.ng/img/incoming/origs4021683/9250482835-w980-h640/Mrs-Toyin-Saraki.jpg


As investigators in Seychelles enquire about the multi-million dollar assets owned by the Senate President, Bukola Saraki, through offshore shell companies in tax havens, his wife, Toyin, who is suspected to have acted as his front, tried to distance herself as a politically-exposed person (PEP) by submitting documents that suggested she was a British national and not a Nigerian.

New records obtained by the International Consortium of Investigative Journalists and shared with PREMIUM TIMES have revealed that financial intelligence operatives became interested in Mr Saraki's offshore assets uncovered in the Panama Papers investigation published in 2016, to see whether transactions linked to the shell companies were used to launder funds or carry out suspicious activities.

Operatives of the Seychelles Financial Intelligence Unit (FIU) are trying to uncover whether or not Mrs Saraki stood as a front for her husband in the ownership of some of the offshore holdings linked to the family.

Two weeks after the Sarakis were exposed as owning undeclared offshore assets in violation of Nigeria's code of conduct regulations, detectives from that country's FIU asked Mossack Fonseca to furnish them with all documents relating to Sandon Developments Ltd, a firm registered in Seychelles under Mrs Saraki's name.

But when contacted by Mossack Fonseca to provide it with documents that adequately identified her, for onward transfer to Seychelles' FIU, Mrs. Saraki sent the law firm her British passport and a statement of her Barclay Bank account, which suggested she was trying to show that as a British national, she could not have been in violation of Nigerian law.

Details of the passport she sent to Mossack Fonseca showed that it was issued on January 17, 2007 and would expire on January 17, 2017.

Mrs Saraki registered Sandon Ltd in 2011 and used it to buy a family property at #8 Whittaker Street, Belgravia, London SW1W 8JQ.

Mr Saraki denied links to the offshore assets in 2016, saying they belonged to his wife's family. But information obtained by PREMIUM TIMES at the time indicated that the senate president merely used his wife as a front, and Seychelles authorities also found the denial unconvincing.

When Mrs Saraki registered Sandon Ltd on January 12, 2011 in Seychelles, she listed Babatunde Morakinyo, a long-term personal aide and friend of Mr Saraki, as a shareholder.

Mrs Toyin Saraki's Passport

Mr Morakinyo was amongst the top aides of Mr Saraki who were identified by the Economic and Financial Crimes Commission as laundering billions of naira in suspected bribes from the Paris Club refund to Nigerian states in 2017.

While incorporating Sandon Ltd, documents show, Mrs Saraki used two nominee directors, Gudson Limited and Roselle Limited, in order to avoid being identified as the beneficial owner of Sandon.

Nominee directors are sometimes used in tax havens to conceal real owners of companies and assets.

She then made an undertaking indemnifying the Panamanian company "in respect of all claims, demands, actions, suits, proceedings, costs and expenses whatsoever as may be incurred or become payable by you in respect of or arising out of any member or employee or associate of your company or associated companies holding any office, directorship or shareholdings in the company or by reason of or in consequence of any act or decision made by any such person or company in connection with the management and/or administration of the said company."

Shortly after the company was incorporated, Mrs. Saraki used it, in July 2011, to buy the property on Whuttaker Street, Belgravia, London SW1W 8JQ.


https://allafrica.com/stories/201806280166.html

I'm British, Saraki's Wife Tells Seychelles' Investigators Probing Alleged Money Laundering



By Nicholas Ibekwe


https://static.pulse.ng/img/incoming/origs4021683/9250482835-w980-h640/Mrs-Toyin-Saraki.jpg


As investigators in Seychelles enquire about the multi-million dollar assets owned by the Senate President, Bukola Saraki, through offshore shell companies in tax havens, his wife, Toyin, who is suspected to have acted as his front, tried to distance herself as a politically-exposed person (PEP) by submitting documents that suggested she was a British national and not a Nigerian.

New records obtained by the International Consortium of Investigative Journalists and shared with PREMIUM TIMES have revealed that financial intelligence operatives became interested in Mr Saraki's offshore assets uncovered in the Panama Papers investigation published in 2016, to see whether transactions linked to the shell companies were used to launder funds or carry out suspicious activities.

Operatives of the Seychelles Financial Intelligence Unit (FIU) are trying to uncover whether or not Mrs Saraki stood as a front for her husband in the ownership of some of the offshore holdings linked to the family.

Two weeks after the Sarakis were exposed as owning undeclared offshore assets in violation of Nigeria's code of conduct regulations, detectives from that country's FIU asked Mossack Fonseca to furnish them with all documents relating to Sandon Developments Ltd, a firm registered in Seychelles under Mrs Saraki's name.

But when contacted by Mossack Fonseca to provide it with documents that adequately identified her, for onward transfer to Seychelles' FIU, Mrs. Saraki sent the law firm her British passport and a statement of her Barclay Bank account, which suggested she was trying to show that as a British national, she could not have been in violation of Nigerian law.

Details of the passport she sent to Mossack Fonseca showed that it was issued on January 17, 2007 and would expire on January 17, 2017.

Mrs Saraki registered Sandon Ltd in 2011 and used it to buy a family property at #8 Whittaker Street, Belgravia, London SW1W 8JQ.

Mr Saraki denied links to the offshore assets in 2016, saying they belonged to his wife's family. But information obtained by PREMIUM TIMES at the time indicated that the senate president merely used his wife as a front, and Seychelles authorities also found the denial unconvincing.

When Mrs Saraki registered Sandon Ltd on January 12, 2011 in Seychelles, she listed Babatunde Morakinyo, a long-term personal aide and friend of Mr Saraki, as a shareholder.

Mrs Toyin Saraki's Passport

Mr Morakinyo was amongst the top aides of Mr Saraki who were identified by the Economic and Financial Crimes Commission as laundering billions of naira in suspected bribes from the Paris Club refund to Nigerian states in 2017.

While incorporating Sandon Ltd, documents show, Mrs Saraki used two nominee directors, Gudson Limited and Roselle Limited, in order to avoid being identified as the beneficial owner of Sandon.

Nominee directors are sometimes used in tax havens to conceal real owners of companies and assets.

She then made an undertaking indemnifying the Panamanian company "in respect of all claims, demands, actions, suits, proceedings, costs and expenses whatsoever as may be incurred or become payable by you in respect of or arising out of any member or employee or associate of your company or associated companies holding any office, directorship or shareholdings in the company or by reason of or in consequence of any act or decision made by any such person or company in connection with the management and/or administration of the said company."

Shortly after the company was incorporated, Mrs. Saraki used it, in July 2011, to buy the property on Whuttaker Street, Belgravia, London SW1W 8JQ.


https://allafrica.com/stories/201806280166.html

EXCLUSIVE: Seychelles begins probe of Saraki, wife, for alleged money laundering


June 22, 2018Samuel Ogundipe




Authorities in Seychelles have opened a criminal investigation into the multi-million dollar assets which Senate President Bukola Saraki and his wife, Toyin, are believed to hold through offshore shell companies in tax havens, PREMIUM TIMES can report.

Bukola and Toyin Saraki are being targeted by financial intelligence operatives for their “suspicious” use of offshore shell companies as uncovered in the Panama Papers investigation published in 2016, according to new records obtained by the International Consortium of Investigative Journalists and shared with PREMIUM TIMES and other partners.

Investigators at the Seychelles Financial Intelligence Unit said they are interested in determining whether or not Mrs Saraki stood as a front for her husband in the ownership of some of the offshore holdings linked to the family when a trove of offshore assets managed by Panamanian law firm, Mossack Fonseca, was leaked to the media.

The investigators are also working to determine if the transactions undertaken with the shell companies were used to launder funds or carry out other suspicious activities.

Two weeks after the Sarakis were exposed as owning undeclared offshore assets in violation of Nigeria’s code of conduct regulations, detectives from that country’s FIU asked Mossack Fonseca to furnish them with all documents relating to Sandon Developments Ltd, a firm registered in Seychelles under Toyin Saraki’s name.

Mossack Fonseca responded to the request on April 29, 2016, by forwarding a link to the PREMIUM TIMES article on the Panama Papers as well as all documents relating to Sandon Ltd, including international passports and business activities.

The status of the investigation, however remained unclear as there is no record of any update about it since Mossack Fonseca responded to the authorities’ requests at the end of April 2016.

Mrs Saraki registered Sandon Ltd in 2011 and used it to buy a family property at #8 Whittaker Street, Belgravia, London SW1W 8JQ.

Mr Saraki denied links to the offshore assets in 2016, saying they belonged to his wife’s family. But information obtained by PREMIUM TIMES at the time indicated that the Senate President merely used his wife as a front, and Seychelles authorities also found the denial unconvincing.

The revelations were amongst the findings of a lengthy investigation by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other global news organizations – including PREMIUM TIMES.

PREMIUM TIMES was the only Nigerian publication involved in the investigation, which lasted a year before the first set of stories started running on April 3.

For two weeks, Yusuph Olaniyonu, a spokesperson for Mr Saraki, did not return PREMIUM TIMES requests for comments about the criminal investigation of his principal and spouse in Seychelles.

Nigerian authorities had previously stated that they were investigating Mr Saraki’s offshore assets that were not declared in contravention of the law, but no charges have been brought against him.

Offshore shell entities are not necessarily fraudulent. There are legitimate uses for them by businesspersons across the world, but several other people, including criminals, have used them for untoward activities.

When Mrs Saraki registered Sandon Ltd on January 12, 2011 in Seychelles, she listed Babatunde Morakinyo, a long-term personal aide and friend of Mr Saraki, as a shareholder.

Mr Morakinyo was amongst the top aides of Mr Saraki who were identified by the Economic and Financial Crimes Commission as laundering billions of naira in suspected bribes from the Paris Club refund to Nigerian states in 2017.

While incorporating that Sandon Ltd, documents show, Mrs Saraki bought a curious service from Mossack Fonseca, the Panamanian firm under which she tucked the hidden assets.

PREMIUM TIMES further reported at the time that Sarakis used nominee directors in order to perhaps avoid being identified as the beneficial owner of Sandon. Nominee directors are sometimes used in tax havens to conceal real owners of companies and assets.

She then made an undertaking indemnifying the Panamanian company “in respect of all claims, demands, actions, suits, proceedings, costs and expenses whatsoever as may be incurred or become payable by you in respect of or arising out of any member or employee or associate of your company or associated companies holding any office, directorship or shareholdings in the company or by reason of or in consequence of any act or decision made by any such person or company in connection with the management and/or administration of the said company.”

Shortly after the company was incorporated, Mrs. Saraki used it, in July 2011, to buy the property on Whuttaker Street, Belgravia, London SW1W 8JQ.

The property, acquired from Renocon Property Limited, a company registered in the British Virgin Island, was never disclosed to Nigerian authorities as required by the country’s code of conduct law


https://www.premiumtimesng.com/news/headlines/273330-exclusive-seychelles-begins-probe-of-saraki-wife-for-alleged-money-laundering.html

deji68:
is like u calling the poor woman a thief without telling us what she stole.....abi na Okada Buhari pikin dey ride .. u now see u are the idiot

fk002:
Criticism and opposition is allowed in politics but only if it will bring development positively


I am irredeemable Buhari supporter