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Nairaland Forum / Nairaland / General / Politics / PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law (1141 Views)
Pandora Papers: Inside The Secret Assets Of Nigerian Lawmaker Nicholas Mutu / Pandora Papers: Inside Dapo Abiodun's secret businesses & How He Broke The Law / Pandora Papers: Inside Peter Obi’s Secret Businesses — And How He Broke The Law (2) (3) (4)
PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by blackpanda: 4:06pm On Jul 18, 2022 |
Peter Obi serially violated the law by failing to declare to the Code of Conduct Bureau the companies and assets he tucked away in secrecy havens. Peter Obi, the ex-governor of Anambra State in Southeastern Nigeria, is widely regarded in Nigeria as an advocate of good governance, openness, and transparency. In addition to speeches on his governance records and statistics-laden prescriptions for Nigeria’s development, he likes to talk about how hugely successful he became in business before diving into politics. In speeches and in printed literature, Mr Obi is never shy, reeling out his numerous business affiliations and accomplishments. On his website, for example, the former governor said he “was chairman of Next International Nigeria Ltd, then chairman and director of Guardian Express Mortgage Bank Ltd, Guardian Express Bank Plc, Future View Securities Ltd, Paymaster Nigeria Ltd, Chams Nigeria Ltd, Data Corp Ltd and Card Centre Ltd.” On that same platform, the former governor also described himself as the youngest board chairperson ever appointed by Fidelity Bank Plc, a 34-year old Nigerian lender listed on the Nigerian Stock Exchange. But beyond the facade of priggish speeches and appearances, an investigation by PREMIUM TIMES has now shown that Mr Obi is not entirely transparent in his affairs as he likes Nigerians to believe. The investigation is part of the global International Consortium of Investigative Journalists (ICIJ)-led Pandora Papers project. The leaked files were retrieved from some offshore services firms around the world that set up shell companies and other offshore entities for clients, many of them influential politicians, businesspersons and criminals, seeking to conceal their financial dealings. The two-year collaboration has so far revealed the financial secrets of not less than 35 current and former world leaders, more than 330 public officials in more than 91 countries and territories. Mr Obi is one of the individuals whose hidden business activities was thrown open by the project. Indeed, he has a number of secret business dealings and relationships that he has for years kept to his chest. These are businesses he clandestinely set up and operated overseas, including in notorious tax and secrecy havens in ways that breached Nigerian laws. The former governor admitted that he did not declare these companies and the funds and properties they hold in his asset declaration filings with the Code of Conduct Bureau, the Nigerian government agency that deals with the issues of corruption, conflict of interest, and abuse of office by public servants. He said he was unaware that the law expected him to declare assets or companies he jointly owns with his family members or anyone else. Peter Obi, his daughter and a secret business Mr Obi has two children- a daughter, Gabriella Nwamaka Frances Obi, and a son, Gregory Peter Oseloka Obi. Sometime in 2010, more than four years after he became governor, the politician developed an appetite to set up his first discreet company in the British Virgin Island. He named the company Gabriella Investments Limited, after his daughter To set up what has now become a convoluted business structure, Mr Obi first approached Acces International, a secrecy enabler in Monaco, France, to help him incorporate an offshore entity in one of the world’s most notorious tax havens noted for providing conduits for wealthy and privileged corrupt political elites to hide stolen cash to avoid the attention of tax authorities. Tax havens are politically and economically stable offshore jurisdictions or countries with extensive laws and systems that provide little or no tax obligations, but enable high secrecy and privacy protection for foreign individuals and businesses. Mr Obi also paid Acces International to provide nominee directors for the company. Nominee directors are residents of tax havens paid to sit on boards of companies to hide the identities of real owners of offshore firms. So, after accepting a brief from the then governor or his representatives, Acces International officials headed to the British Virgin Island, a notorious tax haven, where it contracted a local registered agent – Aleman Cordero Galindo & Lee Trust (BVI) Limited (Alcogal) — to set up Gabriella Investments Limited for Mr Obi. https://www.premiumtimesng.com/news/headlines/487997-pandora-papers-inside-peter-obis-secret-businesses-and-how-he-broke-the-law.html 2 Likes 1 Share
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by EkelediliBuhari: 4:08pm On Jul 18, 2022 |
If this is the best you can come up with you have nothing As a business man with a business that large there must be some “corporate adjustments”.. the threshold however is acceptable… it has nothing to do with state funds and it’s just business. amc: so since he is a governor, his business should stop growing did you not notice that he distanced him self from management during his tenure as governor Same thing trump did 7 Likes 1 Share |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by fasmukol: 4:09pm On Jul 18, 2022 |
Saint Obi 2 Likes 1 Share |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by NaijaRoyalty(m): 4:10pm On Jul 18, 2022 |
Tinubu is the pandora thief not Obi Obi is innocent according to the report 4 Likes
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by alsudan: 4:12pm On Jul 18, 2022 |
Still waiting for the stories of Tinubu’s drug trade indictment, his shittinng on himself and his unemployed daughters owning over 500 million dollars properties in US to hit the front page. Won’t be surprised if this rubbish about Obi gets move to the FP before any of those mentioned above. |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by Kagd10: 4:13pm On Jul 18, 2022 |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by blackpanda: 4:13pm On Jul 18, 2022 |
NaijaRoyalty: Because you like Obi it is now fake news abi. Lol 4 Likes 1 Share |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by NaijaRoyalty(m): 4:16pm On Jul 18, 2022 |
blackpanda: Obi is innocent , Tinubu the drug baron is the real Pandora thief 1 Like
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by Orubebe01: 4:22pm On Jul 18, 2022 |
Op, one agbado for you 1 Like
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:37pm On Jul 18, 2022 |
1 Like
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:38pm On Jul 18, 2022 |
1 Like
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:38pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:39pm On Jul 18, 2022 |
APC see your Jagaban ololololo e don dey fall ooo ololololo buga oooo.
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:41pm On Jul 18, 2022 |
Tinubu is SICK.
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:42pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by SocialJustice: 4:42pm On Jul 18, 2022 |
EkelediliBuhari:They absolutely have nothing on the man. People who have a low understanding of shell companies and how he used it always bring this rubbish up. Tinubu should come and clear his name. He's not even the best candidate without all the baggage he's carrying. 1 Like |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by popez: 4:42pm On Jul 18, 2022 |
Tifnubu urchins leave Peter Obi alone ooo. Peter Obi is not the candidate of the party that has kept Nigerian students at home for over 5 months now. Neither is he the candidate of the party that sent soldiers to shoot at innocent protesters at Lekki toll gate. Your party has brought untold hardship and heightened insecurity to Nigerians. Leave Peter Obi alone. You just lost an election few days ago and you're already here posting trash. You should be apologizing to Nigerians not playing this disgusting politics. 2 Likes
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:43pm On Jul 18, 2022 |
How can Buhari who couldn't squart while praying hand over to Tinubu who's almost crippled
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:43pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:43pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:45pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:45pm On Jul 18, 2022 |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by Sincinnati: 4:45pm On Jul 18, 2022 |
blackpanda:Take Cassava till you go yo Take cassava till you go yo Take cassava till you go yo!
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:47pm On Jul 18, 2022 |
WHEN I DISCOVERED THAT THE MUSHROOM PARTY WAS WINING, I QUICKLY RAN TO ABUJA FOR FINAL MANIPULATION BUT IT DIDN'T WORK -----------Tinubu crying over Osun Wotowoto.
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:47pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by seunmsg(m): 4:52pm On Jul 18, 2022 |
Seun and his mods won’t move this to front page? |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by PointZerom: 4:57pm On Jul 18, 2022 |
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Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by cybersoldiers: 5:19pm On Jul 18, 2022 |
blackpanda: Why didn't you post Pandora papers that involved Tinubu? Do you illiterate know what's called a Shell company? Go to school and don't constitute nuisance on Nairaland again. |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by EkelediliBuhari: 5:55pm On Jul 18, 2022 |
SocialJustice: One word AlphaBeta |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by blackpanda: 6:40pm On Jul 18, 2022 |
EkelediliBuhari: ok. what about that |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by blackpanda: 6:44pm On Jul 18, 2022 |
SocialJustice: Hypocrisy is when you play the ostrich when someone u like commits an offence but then try to kill a fly with sledge hammer when someone you hate is even remotely tainted with impropriety. I am very sure that if this Pandora publication was about buhari, you these hypocrites on nairaland would have gone berserk screaming blue murder. But today you are looking for every excuse under the sky to cover fraud. You dont need shell companies if you are doing the right thing and obeying the law. Shell companies are for tax evasion and fraud. Period. |
Re: PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law by EkelediliBuhari: 6:49pm On Jul 18, 2022 |
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