About 12 offshore companies have been linked to the Group Chief Executive of Oando PLC, Mr. Wale Tinubu, who is also a nephew of the Nat...
About 12 offshore companies have been linked to the Group Chief Executive of Oando PLC, Mr. Wale Tinubu, who is also a nephew of the National Leader of the All Progressives Congress, Bola Tinubu.
The companies include 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. and Triton Trading Ltd.
The latest revelation was contained in the leaked massive internal data belonging to Panamanian law firm, Mossack Fonseca which was obtained by German newspaper, Süddeutsche Zeitung.
Tinubu, documents showed, secured the services of Mossack Fonseca to help him incorporate the companies in Seychelles, one of the fastest growing offshore jurisdictions in the world and notorious tax haven, the British Virgin Islands.
The documents also revealed that Mossack Fonseca coordinated the operation through its offices in Geneva, the British Virgin Islands and Panama.
