Our own Pandora, By Wole Olaoye

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The Pandora Papers by the consortium of ICIJ are hitting the headlines more than five years after the Panama Papers revelations of 2016.

Thanks to PREMIUM TIMES and its global partners, in what has now become the journalistic equivalent of a tsunami, we now know that, for many of our politically exposed persons and business elite, charity begins and ends abroad.The world inherited the word Pandora from the ancient Greek poet, Hesiod. In the poem, “Works and Days”, he told the story of Prometheus and Pandora. Prometheus had attempted to deceive the gods, whose prefect was Zeus.

Politicians all over the world are thick-skinned. They shrug off criticisms with the ease of a duck shaking off water. If threatened with the opening of their Pandora box, however, they become really attentive. But if you think you can make them contrite by publicising their hypocrisy and betrayal, you’re grossly mistaken.

More than 100 billionaires feature in the leaked data. So do well known celebrities, religious leaders and business tycoons, who use shell companies and incognito bank accounts to conceal their wealth and, in several cases, avoid paying the requisite tax in their countries of origin. Late Petr Kolbin, a childhood friend of Russian President Vladimir Putin, is on the list, along with other associates of the Russian strongman. They have been described as the ‘wallets’ in which Mr. Putin allegedly hides his loot. One woman who is said to have once been romantically linked to Putin pops up on the list too.

“Naija no dey carry last”, so goes a popular saying in Nigeria. Out of every five Africans on the surface of the earth, one is a Nigerian. In any sphere of life, for good or for ill, Nigerians are no pushovers. The country is therefore well represented in the eye-popping list of billionaires. It must be noted that there is nothing illegal in a private Nigerian citizen owning offshore accounts but the law requires full disclosure, especially for those taking public office.

 

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