EXCLUSIVE: Mossack Fonseca dumps ex-NNPC boss after Panama Papers revelations

After a PREMIUM TIMES investigation revealed how a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Abubakar Yar’Adua, bought a £890,000 home in London while still in office, infamous offshore-provider, Mossack Fonseca, which was at the centre of the global leak known as Panama Papers, resigned as the registered agent of his secret offshore company, Hydrocarbon Assets Investments Limited.

The investigation was made possible from documents retrieved from Mossack Fonseca’s database and obtained by German newspaper, Süddeutsche Zeitung, and shared by the International Consortium of Investigative Journalists (ICIJ) with PREMIUM TIMES and other media organisations around the world.

But fresh documents obtained by PREMIUM TIMES has now revealed that Mossack Fonseca cut ties with Hydrocarbon Assets Investments Limited for not fulfilling the law of the British Virgin Island and the due diligence requirement.

The secrecy provider was miffed that Mr. Yar’Adua did not disclose to it that he was a politically exposed

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