New Panama Papers Series Exposes Secret Deals in Africa
- Washington DC The International Consortium of Investigative Journalists 2016
- 5p.
New revelations by the International Consortium of Investigative Journalists (ICIJ), in collaboration with more than a dozen news organizations in Africa have exposed fresh details about the misuse of corporate secrecy and hidden wealth in Africa, the world’s poorest continent. The Panama Papers,a cache of 11.5 million files from the Panama-based law firm, Mossack Fonseca,ongoing investigations have revealed new details about the middleman at the center of a probe into hundreds of millions of dollars in suspected bribes paid for oil and gas contracts awarded in Algeria. The files also reveal the offshore assets, including a luxury yacht and jet, of a Nigerian aviation and oil magnate who is reportedly close to a former oil minister and has recently had some of his assets seized as part of a $1.8 billion probe into oil sales. The revelations include investigations from countries that are being examined for the first time, including Tanzania, Burkina Faso, Ghana, Mozambique and Togo.
