Former Senate President David Mark has been associated with running eight offshore companies registered in British Virgin Island. His former wife is also listed as owning shell accounts.
Senator Mark (Benue South), who recently won re-election into the upper chamber for the fifth time, is the latest Nigerian to be named in the secret assets leak of files belonging to Panamanian law firm, Mossack Fonseca.
The firm, reputed as one of the most secretive companies in the world, helped clients to register offshore entities, some of which are then used to launder money, evade taxes and dodge sanctions.
Senate President Bukola Saraki’s wife, former Delta State Governor James Ibori, Saraki’s brother Laolu, his associate Obi Asika and Olufela Ibidapo have also been named as running shell companies in the tiny islands.
Already the global scandal has claimed Iceland Prime Minister who resigned on Tuesday following pressure from the citizens for keeping a secret account.
Panama Papers: Mark Named With UK Properties