In reaction to reports that he failed to declare some of his assets, the Senate President, Dr. Abubakar Bukola Saraki, has said that he has fully complied with the provisions of the law on declaration of assets by public officers.
The ‘Panama Papers’ have detailed how some members of the Saraki family set up shell companies in tax havens and how he failed to disclose assets belonging to his wife, Toyin. Bukola Saraki, through his Special Adviser (Media and Publicity), Yusuph Olaniyonu, said that the property in question forms part of his wife’s family asset.
“It is public knowledge that Mrs. Saraki comes from a family of independent means and wealth with numerous and varied assets acquired over decades in family estates and investments.
“Furthermore, the law only requires a public officer to declare both his own assets and those held by his spouse and his children under 18 years of age. The law does not require a public officer to declare assets held by the spouse’s family.
“It is not expected by the law that a public officer should declare such assets held in the spouse’s family estate. Indeed, the Code of Conduct form does not make provision for declaration of spouse’s family assets”, Saraki said. -Leadership