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.