Exposed: How Stella Oduah Transferred N5b For London Mansions

Pandora Papers, one of the biggest leaks of financial documents in the world, has uncovered how Senator Stella Oduah secretly acquired mansions in London.

According to investigation led by the International Consortium of Investigative Journalists, including more than 600 journalists, some from PREMIUM TIMES, seven London properties are connected to Oduah.

One of the properties is said to be in her name, two through her Nigerian-incorporated firm, and four secretly through her Seychelles offshore company.

International Trading and Logistics Company Limited (ITCL) was incorporated in Seychelles, a commonly used secrecy and tax haven, with Oduah as the ultimate beneficial owner.

Oduah reportedly used the company to acquire the four London properties worth a total of 6.7 million pounds between October 2012 and August 2013.

At the time, Oduah was a minister in the government of ex-President Goodluck Jonathan.

She served as Minister of Aviation between 2011 and 2014 when she was fired over massive corruption scandal.

Before the issue of the mansions and houses in London, Oduah was indicted by two panels, which probed the purchase of two bullet-proof cars by the Nigerian Civil Aviation Authority (NCAA), an agency under her supervision, for N255 million in violation of Nigeria’s public procurement and appropriation laws.

According to the UK Land Registry records, on October 19, 2012, ITCL, a company incoporated by Oduah, bought  a house at 23 St Edmunds Terrace, London, NW8 7QA for 5.3 million pounds.

Then, in the following year, 2013, between August 6 and 15, the following three more properties were bought in the name of ITCL:

Source: Daily Trust

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG