The ex-Anambra Governor was indicted alongside a former Chief Justice of Nigeria (CJN), an ex-serving governor, lawmakers, business moguls, a pastor, among others.
In the major scandal, the influential citizens were accused of flouting “extant laws and legislations as they hid assets”.
The Pandora Papers investigation involved 600 journalists from the media including The Washington Post, the BBC, The Guardian, and Nigeria’s Premium Times.
The report is based on the leak of nearly 12 million documents from 14 financial service firms across the globe.
The International Consortium of Investigative Journalists (ICIJ), which published the papers, said they contain 336 leaders of countries, government officials, politicians and tycoons.
The content revealed how the Nigerians established set up shell companies and sometimes warehouse huge financial assets, in notorious secrecy jurisdictions.
The first series published on Monday showed that Peter Obi allegedly kept secret assets he did not declare to the Code of Conduct Bureau (CCB) before assuming office as governor.
Premium Times reports that in 2010, more than four years after Obi took a seat of power, he allegedly set up a discreet company in the British Virgin Island, and named it Gabriella Investments Limited, after his daughter.
Obi allegedly contracted Acces International, a secrecy enabler in Monaco, France, to help him incorporate an offshore entity.
Obi also allegedly paid Acces International to provide nominee directors for the company. These residents of tax havens were “paid” to sit on boards of companies to hide the identities of the real owners.
Access International then headed to the British Virgin Island where they contracted a local registered agent – Aleman Cordero Galindo & Lee Trust (BVI) Limited (Alcogal) to set up Gabriella Investments Limited for Obi.
“I don’t declare what is owned with others. If my family owns something I won’t declare it. I didn’t declare anything I jointly owed with anyone”, Obi told Premium Times.
The publishers of the Pandora Papers will release details of other Nigerians mentioned in the coming days.
from dailypost
Where is the anon that was shouting that it's a lie yesterday?
ReplyDeleteA man that owns 64 plots of land at New Nkisi in Onitsha. A land there is worth 10million each. All Nigerian Politicians are criminals.
DeleteLike people like you won't do worse if given the opportunity @ Amarachi
DeleteI am the anonymous, and I did not shout. I wrote in normal case letters. And what I wrote was from the list I saw here in the USA as at the time of posting. I stand by my comment then, as the list did not have Peter Obi /Gabriella on it. Obviously, they are releasing it in batches. when we see, then we acknowledge. But as at the time I checked, I did not see Peter Obi name or any Gabriella something on it. So, hold your horses and chill. Its like you are jubilating and dancing! Is it a thing to celebrate who is on there or not? I don't think so. It is not a new thing that high net-worth people (good and bad ones) have always used tax havens to store most of their wealth, to avoid taxes, this is what they do, all over the world. Regardless of how they got their wealth, which is another topic. So unless this "leaked papers" gives an insight into the origins of any ill-gotten wealth, I really don't see the essence or how it will benefit me and you, except to abuse people.
DeleteAs far as Nigerians on the list are concerned, this is all about HOW they got the wealth being stored in tax havens, and even more importantly in Mr Obi's case if the accumulation of that wealth is linked to his political positions. An individual cannot be advocating change while living a corrupt life in the shadows. That is the starting point. So, you may not see the essence of exposés like these, but many others do.
DeleteI dey wait for the list o. Naming Saint Obi is not enough. We need more names 😜
ReplyDeleteExactly, I'm awaiting the list. Let's know the ones who have been paying lip service.
DeleteHey October! October!! Don become mate with September...I greet you October though you no answer me...Please release their names with immediate alacrity make we know who be who...
ReplyDeleteConveniently did not see Peter Obi ☝️
DeleteIn conclusion...My personal mantra is this...Don't go into depression because of the fun you assumed others are having. Everybody just dey lie!!
ReplyDeleteOctober did not come to play at all
ReplyDeleteA company Peter obi co- owned with other business men cannot be declared as his company. That is business law, they should field another lie about the Obi
ReplyDeleteco-OWNED!!! Duh
DeleteHe needs to declare it and declare his percentage ownership. That is business law.
DeleteDundee you skipped your business laws classes.
DeleteCo-owner is not owner.
You are the dundee here. Ode.
DeleteGuys I'm not a lawyer, let's conclude on this matter.
DeleteWhich one are we going for? Co-owner business should or should not be declared?
Cornflakes for nasco
ReplyDeleteU are funny ooo
DeleteSoutherners were busy watching BBN, while their northern peers are scheming. They should continue shouting cornflakes and nasco ooo.
DeleteNaked we come into this world, naked we will all leave. All the money and thirst for power will not stop anyone from facing God's judgement day.
ReplyDeleteWill greed allow them have sense?
DeleteThey should declare all. We're waiting.
ReplyDeleteMy question now is; you detailed only Peter Obi's own, how about the other Nigerians?
ReplyDeleteits coming
DeleteThank you McKenna
DeleteI'm waiting to see other names. Posting only Peter Obi seems to be a hatchet job. We need to see others named as well.
ReplyDeleteThat doesn't change the FACT that he is included!!
DeleteTry to read. It clearly states in the post that the other people whose jobs/positions were mentioned will be listed in the coming weeks. That's how you make news by garnering attention and riding the wave.
DeleteThe amount of property the Qatar ruling family bought in the UK is 😲😲. Islamic agenda..
ReplyDeleteChapter 1 Episode 1,Not Guilty until proven guilty. Business Law is very clear on this. BL 101.
ReplyDeleteWe for hear the names of the other ppl at least; even if the story will come later. Why only Pete Obi?
ReplyDeleteSounding like, 'we have the names of sponsors of terrorists but we want to prosecute them first'. Story. Pls come out with the names if u're not trying to shield criminals.
Exactly! Before we start hearing stories that touch, mention names, story can come later.
DeleteMay God help Nigerians, election is close. I am not even a fan of Obi but just read between the lines, this article could mention his name over 10times but still beating about the bush for other names. Make una no worry Tinubu go rule una eyes go clear.
ReplyDeleteU dey mind dem? So obvious.
DeleteIt was so easy to call Obi's name but not even to hint a the names of the the CJN, politicians and others. Mtchwwww!
U dey mind dem? So obvious.
DeleteIt was so easy to call Obi's name but not even to hint a the names of the the CJN, politicians and others. Mtchwwww!
Wait, so you want to close an eye to the fact that Peter Obi is on this list? It's about the thief from my place vs other thieves from elsewhere.
DeleteYou all deserve the leaders you get.
The Pandora Papers investigation involved 600 journalists from the media including The Washington Post, the BBC, The Guardian, and Nigeria’s Premium Times.- not everything is about local Nigerian politics.
DeleteThe report is based on the leak of nearly 12 million documents from 14 financial service firms across the globe.
The International Consortium of Investigative Journalists (ICIJ), which published the papers, said they contain 336 leaders of countries, government officials, politicians and tycoons.
Before he became governor right? Maybe he has given them to his kids.
ReplyDeleteIf it is from a Nigerian newspaper, then I don't believe it. See how they had to mention mainly Peter Obi. The North should know it fully that the South will no more be deceived by that their divide and rule methods. The South has woken up,we are one,united South ready to face you people. By the way,Nasco is cancelled.
ReplyDeleteIt’s like you people lack basic comprehension skills or you just ethnic bigots. Do you all miss the part that said the investigation was carried out by 600 journalists from all parts of the world and more names will be published? Instead of you guys to focus on the issue, you are interested in why it’s only Peter Obi.
DeleteYou that has basic comprehension skills,did you not see where it was written 'culled from dailypost'??? Moveee jare. It's only Peter Obi's name that is on the front page,abi??? While others will be revealed later? Ndi area
DeleteSame Peter Obi that his children jump bus and do not own cars. Look, nigerian politicians are thieves. Big thieves. Forget that Mr righteous face. The money this peter don thief no get part 2.
ReplyDelete