August 16, 2018

PanamaPapers: Gbadamosi denies owning $2.6m penthouses

PanamaPapers: Gbadamosi denies owning $2.6m penthouses

A former Minister for National Planning, Rasheed Gbadamosi, has denied owning two luxury penthouses worth $2.6m in Panama.  Gbadamosi said this while speaking with our correspondent on the telephone on Monday.

Nigerian online medium, Premium Times, had stated in a report that according to leaked data it Panamanian law firm, Mossack Fonseca, Gbadamosi, while serving as the Chairman of the Petroleum Products Pricing Regulatory Agency, bought two houses worth $2.6m.

However, Gbadamosi described the report as “the lie of the century.” The septuagenarian said long before joining the public service, he had established successful enterprises none of which had ever been found wanting. Gbadamosi, who was recently appointed co-chairman of the Lagos at 50 Planning Committee, said he had never visited Panama before and therefore questioned his possible rationale for buying properties there.  Read more 

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