Wale Tinubu, the group chief executive of Oando plc, reportedly runs about 12 shell companies in tax havens.
This fresh revelation follows from initial revelations made public by the now popular Panama Papers leaks for which several other Nigerians have been implicated as well.
According to documents obtained by a news site from the huge database showed that Tinubu has links with at least 12 shell companies and also secured the services of Mossack Fonseca to help him incorporate the companies in Seychelles.
The documents also reveal that Mossack Fonseca coordinated the operation through its offices in Geneva, the British Virgin Islands and Panama.
See the list of the shell companies incorporated in Seychelles and the BVI, where the business mogul is director.
Sigma Technology Inc.
Techventure Inc.
Anglesey Management SA
Caine Trading Corp
Keligh Engineering Corp
Hud Trading Corps
Meridian Procurement International Services Ltd
Lynx Shipping Ltd
Equinox Shipping Ltd
Everglade Oil Inc.
Framlingham Ltd
Triton Trading Ltd
According to findings, Tinubu is either sole director of most of the companies or has unlimited powers to make decisions
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Source: http://drumbeatnews.com/panama-papers-reveals-wale-tinubu-operates-12-shell-companies/
