10/6/2021- 8:54 p.m.
PANDORA PAPERS: Queen’s lawyers helped Nigerian politician accused of helping launder BILLIONS of his country’s state funds
The Pandora Papers have revealed that Farrer & Co, who have represented Queen Elizabeth throughout her reign, aided a Nigerian politician transfer around $153mn to his personal account via trusts and holdings across the globe – even though they knew he’d faced embezzlement charges.
The Guardian reports that Abubakar Bagudu was instrumental in aiding the late General Sani Abacha syphon around $5bn in state funds, some which Bagudu admitted to receiving.
A settlement with the Nigerian government saw Bagudu pay $300mn back without admitting guilt, which Farrer & Co used to pass “extensive due diligence” on their client.
