The Pandora Papers is set to expose some powerful Nigerian politicians, a notable pastor and government officials following investigations by investigative journalists from across the world.
The investigation tagged ‘Pandora Papers’ took about 2 years and is facilitated by the International Consortium of Investigative Journalists (ICIJ). The team obtained a trove of 11.9 million confidential files.
600 journalists from 150 news organisations around the world, spent 2 years studying and sorting files, contextualising information, tracking down sources and analysing public records and other documents.
Premium Times reports that the investigators exposed the financial secrets of not less that 35 current and former world leaders, more than 300 public officials in more than 91 countries and territories.
The study is expected to expose a former Chief Justice of Nigeria, current and former governors, past and present lawmakers, businessmen, a popular pastor, and many others.
They are accused of setting up shell companies and sometimes warehousING huge financial assets, in notorious secrecy jurisdictions.
ICIJ explained that “the Pandora Papers investigation provides an unequalled perspective on how money and power operate in the 21st century and how the rule of law has been bent and broken around the world by a system of financial secrecy enabled by the U.S. and other wealthy nations.
In popular imagination, the offshore system is often seen as a far-flung scattering of palm-shaded islands. The Pandora Papers showed that the offshore money machine operates in every corner of the world, including financial capitals of the richest and most powerful economies,” the ICIJ added.
According to ICIJ, “It provides more information than what’s usually available to law enforcement agencies and cash-strapped governments.
“Large numbers of public officials and mega-wealthy individuals who in some cases are one and the same use the offshore system to manage, move and, often, hide their wealth. They play by different rules from the rest of humanity, in a game of intrigue and privilege that fuels crime and corruption and entrenches the power of the world’s economic and political elites.
“The Pandora Papers investigation is larger and more global than even ICIJ’s landmark Panama Papers investigation, which rocked the world in 2016, spawning police raids and new laws in dozens of countries and the fall of prime ministers in Iceland and Pakistan.“
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