The Pandora Papers still unveil many alleged shady financial deals as a former National Security Adviser, Sambo Dasuki has been accused to have laundered money through the establishment of shell companies in the British Virgin Islands.
Dasuki was alleged in a report published by Premium Times recently in conjunction with United Kingdom-based Finance Uncovered within the bigger Pandora Papers Investigation overseen by the International Consortium of Investigative Journalists, ICIJ.
According to the report, “Nigerian multi-billionaire businessman, Leno Adesanya, approached a secrecy seller in the British Virgin Islands, Trident Trust Company Limited, to help family members of Sambo Dasuki, the National Security Adviser at the time, to register a shell company, Hydropower Investments Limited.
“In the documentation submitted for the company’s incorporation, Mr Adesanya indicated that Hydropower Investment was set up to own real estate and investment portfolios.”
The Pandora Papers further revealed that the company was “locked in a long-drawn dispute with the Nigerian government over the Mambilla power project. The legal dispute is stalling the key funding from the Chinese EXIM Bank to execute the Mambilla project, an ambitious electricity generation infrastructure considered key to tackling Nigeria’s long-standing power sector crisis.”
The report however clarified that there was “no evidence that that was the case here, although Mr Dasuki was a key political office holder in Nigeria at a time two of Mr Adesanya’s companies were seeking major favours from the Nigerian government.”