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Offshore Leaks Database

Data from
Paradise Papers - The Power Players
President of Senate, Nigeria (2015-present)

Bukola Saraki

Related to

Nigeria Cayman Islands

About

Bukola Saraki is the president of Nigeria’s Senate, which makes him the third most powerful politician in Nigeria.

In the data

Saraki was director and a shareholder of Tenia Ltd., a company established in the Cayman Islands in April 2001. Appleby’s records describe Tenia Ltd. as a “holding company.” In August 2013, Appleby had recorded Saraki’s company as “low” risk and listed the company’s address as 30 Saka Tinubu Street on Victoria Island in Lagos, which his lawyers said was rented by him.

In 2016, Nigerian officials obtained a search warrant on the property, as part of an investigation examining alleged false declaration of assets, according to local media. In June 2017, a tribunal in Nigeria dismissed charges against him of having falsely declared assets, but Nigeria’s federal government vowed to appeal. Tenia Ltd was listed as active as of 2015.

Response

“There is nothing unlawful in the ownership of offshore companies,” Saraki’s lawyers told ICIJ, adding that Tenia Ltd. was incorporated two years before Saraki was elected as governor. Tenia Ltd. has never held assets nor conducted business and Saraki rented the property given as Tenia Ltd.’s address in Lagos, Nigeria, his lawyers told ICIJ. They also said that he believes the case against him is politically motivated and he is confident that the appeal will be dismissed.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.

Disclaimer

There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more

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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.