Money laundering: Saraki disowns Nigeria, says she’s British

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New records obtained by the International Consortium of Investigative Journalists revealed that financial intelligence operatives became interested in Bukola Saraki’s offshore assets uncovered in the Panama Papers investigation published in 2016, to see whether transactions linked to the shell companies were used to launder funds or carry out suspicious activities.

Operatives of the Seychelles Financial Intelligence Unit (FIU) are trying to uncover whether or not Toyin Saraki stood as a front for her husband in the ownership of some of the offshore holdings linked to the family.

Two weeks after the Sarakis were exposed as owning undeclared offshore assets in violation of Nigeria’s code of conduct regulations, detectives from that country’s FIU asked Mossack Fonseca to furnish them with all documents relating to Sandon Developments Ltd, a firm registered in Seychelles under Mrs Saraki’s name.

But when contacted by Mossack Fonseca to provide it with documents that adequately identified her, for onward transfer to Seychelles’ FIU, Mrs. Saraki sent the law firm her British passport and a statement of her Barclay Bank account, which suggested she was trying to show that as a British national, she could not have been in violation of Nigerian law.

Details of the passport she sent to Mossack Fonseca showed that it was issued on January 17, 2007 and would expire on January 17, 2017.

Mrs Saraki registered Sandon Ltd in 2011 and used it to buy a family property at #8 Whittaker Street, Belgravia, London SW1W 8JQ.

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