#PanamaPapers: Senate President Saraki Says Assets Discovered Belongs To His Wife’s Family

Date:

Senate President Bukola Saraki says the Nigerian law does not require him to declare the assets of his wife’s family.

He was reacting to reports that he failed to declare at least four assets listed in a massive leak of documents detailing how prominent global figures are helped to stash away billions of dollars in secret offshore accounts by Panama-based law firm, Mossack Fonseca.

Read the statement below…

Senate President, Dr. Abubakar Bukola Saraki today said he has fully complied with the provisions of the law on declaration of assets by public officers.

In a reaction to the claim contained in the Panama-based offshore provider, Mossack Fonseca and shared by the International Consortium of Investigation Journalists (ICIJ) that he failed to declare assets belonging to his wife, Mrs Toyin Saraki, in secret offshore territories, Saraki said he has in his different asset declarations included properties owned individually by himself and his wife.

The property in question forms part of Dr. Saraki’s wife’s family asset. It is public knowledge that Mrs. Saraki comes from a family of independent means and wealth with numerous and varied assets acquired over decades in family estates and investments.

“Furthermore, the law only requires a public officer to declare both his own assets and those held by his spouse and his children under 18 years of age. The law does not require a public officer to declare assets held by the spouse’s family.

“It is not expected by the law that a public officer should declare such assets held in the spouse’s family estate. Indeed, the Code of Conduct form does not make provision for declaration of spouse’s family assets”, he stated.

End..

Yusuph Olaniyonu
Special Adviser (Media and Publicity) to Senate President

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