German newspaper, Süddeutsche Zeitung, had on Sunday released the Panama Papers, the biggest leak in the history of data journalism, publishing online 11.5 million documents from Panamanian law firm Mossack Fonseca, which showed how prominent people including Senate President, Dr. Bukola Saraki, a former governor of Delta State, James Ibori, ex-Senate President, David Mark and others criminally hid money using anonymous shell corporations across the world.
The Panamanian law firm, regarded as one of the world’s most secretive companies, according to the documents, has helped clients launder money, dodge sanctions and evade tax.
According to documents sighted by online medium, Premium Times, Danjuma is a long time user of offshore entities, and the Mossac Fonseca files have now exposed another of his companies.
The database, Opencorporates, indicate that Danjuma served as director and vice-president of Cross Group Holdings International, which was registered in Panama on October 15, 1976.
Danjuma was still in service and was Chief of Army Staff at the time the company was incorporated.
He was also director of Zara Logistics, a company registered in Cyprus on September 2, 1993.
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