Pandora Papers: What failure to investigate, prosecute suspected 'violators' may cost Nigeria

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There has been no serious action taken by the Nigerian government or its relevant agencies since PREMIUM TIMES exposed some current and previous Nigerian public officers named in the Pandora Papers as having secret assets in tax havens.

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In a series of publications by PREMIUM TIMES as part of the Pandora Papers project, some former and current Nigerian public office holders were exposed as having secret and suspicious assets kept away in tax havens.

Mr Prusa spoke virtually at a three-day workshop for selected journalists reporting on corruption in Nigeria. In Canada, 85 Canadians identified in the Panama Papers leak were investigated for tax evasion, the Canada Revenue Agency revealed at the time. Past and current officials exposed by PREMIUM TIMES in the Pandora Papers series include former Anambra State governor, Peter Obi; acting Managing Director of the Nigerian Ports Authority , Mohammed Bello-Koko; and former minister of aviation and serving senator, Stella Oduah.

In its October 12 letter to PREMIUM TIMES, the bureau acknowledged that the Pandora Papers project led by the ICIJ “has created ripples across the globe.” This, he said, was made possible through “proactive and collaborative” efforts of some foreign governments. This strategy may, however, be jeopardized if Nigeria fails to prosecute suspects in the Pandora leaks.

“Internationally, our image as a country is at stake; we need to do something, otherwise our foreign partners won’t take Nigeria seriously,” Mr Radda, a professor of law, explained in a telephone interview with this reporter.Itse Sagay, PACAC chairperson, said there was nothing wrong in investing offshore, but added, “public officials who invest abroad must declare such assets as failure to do so amounts to a crime.

The Executive Director of CISLAC and Head of Transparency International in Nigeria, Auwal Rafsanjani, said “Nigeria must probe and prosecute her citizens that have been exposed in the latest leaks .”

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