Monday, 4 April 2016

DOCUMENTS; Panama Papers and not Onion Papers

The Panama Papers are a set of 11.5 million confidential documents created by the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore  companies, including the identities of shareholders and directors. Those identified include numerous wealthy and powerful political figures and organizations of many countries. Comprising 11.5 million documents created since the 1970s, the 2.6-terabyte set was given to the German newspaper Suddeutsche Zeitung in 2015 and subsequently to the washington-based International consortium of Investigative Journalists (ICIG).  The papers were distributed to and analyzed by about 400 journalists at 107 media organizations in more than 80 countries. The first news reports based on the set, along with 149 of the documents themselves  were published on April 3, 2016. Among other planned disclosures, the full list of companies is to be released in early May. The super rich hiding up to $32 trillion offshore. No doubt , Nigerians  remain the most fingered amongst other West African state.Nigerians on the Panama Papers will be be exposed.

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