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Vol 58 No 20

Published 6th October 2017


Nigeria

Game of mansions

The fondness of the Nigerian oil elite for palatial homes in London’s exclusive St. John's Wood emerges from our latest investigation

Igho Sanomi, the Nigerian oil trader who became a billionaire from contracts obtained while Diezani Allison-Madueke was oil minister, bought a £28.5 million (US$39 mn.) British Virgin Island-registered company which controls a mansion in London, Africa Confidential has discovered. Sanomi is the latest hugely wealthy Nigerian to be added to the list of those whose fortunes passed through the hands of the Panamanian law firm of Mossack Fonseca. A vast store of the firm’s digital data – dubbed the Panama Papers – was obtained by journalists at Süddeutsche Zeitung and first published by the International Consortium of Investigative Journalists in April last year.

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