President Muhammadu Buhari on Tuesday approved Mohammed Bello-Koko as the substantive Managing Director of the Nigerian Ports Authority (NPA).
This was contained in a statement by the Director of Press and Public Relations of the ministry, Eric Ojiekwe.
This is coming after the former suspended Chief Executive, Hadiza Bala Usman was cleared of allegations of impropriety.
Bello-Koko has been the acting Managing Director of the nation’s ports since the suspension of the former managing director in May 2021.
Before his confirmation, Bello-Koko was the Executive Director, Finance and Administration of the NPA.
The statement reads, “The President and Commander in Chief of the Armed Forces, Federal Republic of Niger Muhammadu Buhari, GCFR, has approved the appointment of Mr Mohammed Bello-Koko as the substantive Managing Director, Nigerian Ports Authority.
“Prior to this appointment, Mr Koko was the Executive Director, Finance and Administration of the Authonty.
“This appointment takes immediate effect.”
In October 2021, Bello-Koko, was reported in Pandora Papers, hiding behind two shell companies incorporated in a tax and secrecy haven to anonymously invest in the United Kingdom property market, potentially violating Nigeria’s public service code of conduct laws.
Mr Bello-Koko enlisted the services of financial secrecy seller, Cook Worldwide and Alemán, Cordero, Galindo & Lee (Alcogal), an offshore law firm, to register Coulwood Limited (reg. number: 1487897) and Marney Limited (reg. number: 1487944) in the British Virgin Islands (BVI), one of the world’s most commonly used tax havens, in 2008. Both companies were registered the same day, June 19, 2008.
The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 billionaires, celebrities, and business leaders.