Unexplained Wealth: Bukola Saraki Listed As Owner Of £15m UK Mansions

Bukola Saraki

LAGOS FEBRUARY 5TH (NEWSRANGERS)-Senate President Bukola Saraki has allegedly been listed as one of the five owners of “unexplained wealth” in the UK.
Other persons listed by Unexplained Wealth Orders (UWOs), according to Transparency International UK, are first family of Azerbaijan with estimated property value of £18 million; Igor Shuvalov, Russian First Deputy Prime Minister with estimated property value of £11.44 million; Ahmed Mahmoud Azwai, former Libyan Major General with property valued at £1 million; Nawaz Sharif, former Prime Minister of Pakistan with property worth £8 million at least. Unexplained Wealth Orders (UWOs) allegedly listed Senate President Bukola Saraki’s property as worth £9 million and £6 million.
UWOs, a new investigative power designed to help law enforcement act on corrupt assets, noted that the said property are located at 7 and 8 Whittaker Street, Belgravia, London.
According to the report by UWOs, Land Registry documents show that these two addresses are owned by Landfield International Developments Limited and Renocon Property Development Limited.
UWOs said that according to data released as part of the Panama Papers, these companies were controlled by Toyin Saraki, wife of Saraki as well as one of his personal aides.
“Based on current market estimates by Zoopla, the properties are worth a combined total of around £15 million”, UWOs noted.
“The report is particularly useful where there is no realistic prospect of cooperation or conviction in the country of origin, but there are sufficient grounds for suspicion that an asset has been acquired with the proceeds of corruption”, UWOs noted.
It said “based on open source information, we have pulled together five cases where we believe law enforcement should consider using UWOs in forming a case for civil recovery proceedings against potentially illicit wealth.”
Daily Independent

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Posted by on Feb 5 2018. Filed under National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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