Nigerian central bank governor named in ‘Paradise Papers’

Emefiele’s lawyers say commercial bank failed to carry out governor’s instructions to end stake

Godwin Emefiele
CBN governor Godwin Emefiele
Photo: IMF

Nigeria’s central bank governor has been named in the so-called Paradise Papers as holding an interest in a company registered in an offshore tax haven and linked to a Nigerian commercial bank.

The Guardian, the UK newspaper that first ran the story on Godwin Emefiele, alleges that the leaked documents show Emefiele held 49% of the shares of Oviation Asset Management, a jet leasing company registered in Bermuda.

A partner in a law firm representing Emefiele tells Central Banking the governor

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