It has been revealed that in 2013 Mr. Ahmed Gulak was listed
among a growing list of Nigerian business and political elites, who ran or
still run secret offshore companies and accounts where they either hide their
wealth to evade taxes, launder money or commit fraud.
Mr. Gulak, whose company dealt in the supply of fast boats,
radial systems and naval communication equipment as well as military hardware
to the Nigerian government, was linked to Erojim, a secret shell company in the
British Virgin Islands, one of the world’s most notorious tax havens.
Taking advantage of the loose laws in several jurisdictions,
shell companies like Mr. Gulak’s are easy to form and owners can remain
anonymous, while using nominee directors as fronts and deploying the
corporations to hide ill-gotten assets, launder funds, dodge litigations or
evade tax. According to Premium Times, the sacked presidential adviser declined
to respond to the allegation at the time, and the Nigerian government failed to
open an investigation.
0 Comments