Panama Paper: Saraki denies tax evasion

Forum 7 years ago

Panama Paper: Saraki denies tax evasion

President of the Senate, Bukola Saraki, has denied evading tax by secretly acquiring assets in Panama, a tax haven.

Recall that earlier in the year, the Panama Papers had highlighted Saraki, his wife, Toyin Saraki among some highly placed personalities who in a bid to evade tax acquire off shore assets in panama.

Saraki, who is facing trial at the Code of Conduct Tribunal, CCT, over alleged false and anticipatory assets declaration made the claim in an interview with BBC Hausa service.


He said, “Based on legal advice the company was set up because they were acquiring an asset and it was advised at that time and that’s how it was set up to the best of our knowledge.

“It was not a company that was set up by ourselves; it was set up by a legal firm and under a legal firm as far as to the best of our knowledge no law was being broken.”