The Prime Minister of Iceland, Sigmundur Gunnlaugsson, announced his resignation from public office moments ago, according to media reports monitored by BizwatchNigeria. This marks the first major political fallout from the Panama Papers leak which was considered to be the largest data leak in history.
On Monday the International Consortium of Investigative Journalists (ICIJ), along with journalists across the world, exposed how the wealthy and political elite have been concealing their money in shell companies using the law firm Mossack Fonseca in Panama.
The revelations coming from this reporting have touched every quarter of the world implicating prominent leaders including the son of former UN Secretary General Kofi Annan, Nigeria’s Senate President Bukola Saraki, immediate past Senate President David Mark, Rtd. Gen. Theophilus Danjuma and numerous others.
Mr. Gunnlaugsson was accused of concealing millions of dollars of his family’s assets. His resignation comes after a major showing of protesters in the Iceland capital Reykjavik.
According to the media report, Iceland Minister of Agriculture and Fisheries Sigurður Ingi Jóhannsson would likely be the next Prime Minister. It was him that announced the ex Prime Minister’s resignation.
Meanwhile, it was only Bukola Saraki among the Nigerians mentioned in the trending Panama Paper scandal that has bothered to respond to the allegations, others seems not bothered about the revelations.
