1 November 2017

Liberia: Sirleaf Named in Paradise Papers

Photo: allafrica.com
Nigerian Senate President Bukola Saraki, former Kenyan minister Sally Kosgei, Zambian opposition leader Hakainde Hichilema, Liberian President Ellen Johnson Sirleaf, Uganda's Foreign Affairs Minister Sam Kutesa and the brother of former Ghanaian president John Mahama, Ibrahim.

Ellen Johnson Sirleaf has served as the president of Liberia since 2006. Before her presidency, Johnson Sirleaf was a director of Databank, a financial services provider based in the West African country of Ghana.


In the data
Johnson Sirleaf was listed as a director of the Bermuda company Songhai Financial Holdings Ltd. a subsidiary of Databank’s finance, fund management and investment company Databank Brokerage Ltd., from April 2001 until September 2012, according to Appleby’s files. Ken Nana Yaw Ofori-Atta, now Ghana’s finance minister, was a co-founder of Databank and a co-director, with Johnson Sirleaf, of Songhai Financial Holdings.
Response
Stephen D. Cashin, chief executive of Pan African Capital and a board member of Databank, responded to a request for comment from Sirleaf-Johnson that Songhai was designed for offshore investors to invest in Ghana’s Databank and that Databank had no business in Liberia. Sirleaf-Johnson was elected to the board of Databank before being elected president, he told ICIJ, and she has no interest in Songhai or Databank. Cashin said Sirleaf-Johnson actually resigned from Songhai before her election campaign, but the resignation was “not effected” until 2012 due to “an administrative oversight” in Bermuda.

Related documents
Master File Document From Appleby - Johnson Sirleaf

Disclaimer
There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any people, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities located in the database based on addresses or other identifiable information. If you find an error in the database please get in touch with us.

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