₦airaland Forum

anonymous1759:
You’re really shameless , when your likes were calling him a terrorist you didn’t know the law has not backed it up yet ? Your likes display fake pictures of shettima dining with Fulani and label the picture as terrorist .

It’s a shame you can’t defend it . You open your gutter mouth and call BAT a drug lord when he’s not been convicted of any such . Abeg leave my mention. Obedients hates truth . You’re not different from the people you call zombies. Instead of you to acknowledge your flaws your here capping nonsense.

So all this is based on "his likes"? Chai

I see nothing wrong with their four demands if at all we truly desire restructuring. We can't dodge the issue forever. Nigeria should entrench true federalism. Both the FG and the National Assembly want to maintain the odious status quo of weak units and an all powerful centre. It's not sustainable. Imagine what Lagos, Rivers, Anambra and Kaduna could be with true federalism.

9jahotblog:
then why did they got C of O from Kogi State government then when they know that they are not interested in buying the land. Kogi government should sanction them with fines seriously.

Can't you comprehend? Like seriously. Even after the comprehensive write up

LeoDeKing:
Sitting govs don't have control over DSS, they are Federal.

But according to ipob pigs, Bola Ahmed Tinubu, a private citizen has power over the military, may be because they are Local Government abi?

I know biafuro or death chants will rent the air few weeks after campaign starts in earnest.

I sincerely admire the way you effortlessly shift the goal post oga. Keep it up

KGD10:
Will you shut your Unintelligiblee hole? You dey mad?

Is that all you've got you candidate for ritual sacrifice? You have sacrificed your thinking for a relic and his children who don't give a f.ck about you. You. You are Nigeria's problem. An unthinking beast of burden fit to sing the praises of a degenerate slave master. An urchin you are an urchin you ever will be.

KGD10:
Tinubu is in his own different league of knowledge. Very high!

I love how Tinubu has been exposing the low intelligence of his haters without lifting a finger.. lol

Tinubu is in different class! The Asiwaju! No one come close!

My first explanation in the previous thread

Please just shut up! Just shut up! Do not be dumb for someone who doesn't know you. Ha!

KGD10:
You both dhumb lose'rs should go learn the meaning of comparative and superlative or shut your dhumb skull.

Don't overwork the little sense you have. You'll hurt yourself

Cantonese:
No be only gaffe. Na girrafe.

The man responded clearly that it was not an error. Do you want to correct him or cover up for him, when the man has personally clarified it?

He explained that Kaduna was in a rotten situation. To be rotten is to be condemned. Not useable, useless. He said it went from useless to bad. Please what's the difference?

For Tinubu, rather than admit it was a slip of tongue, he tried to find his way out in English. His team maintained that it was a slip of tongue, but the baba simply said NO, no be so?

Our politicians need to get Nigerians off their arrogant strangleholds. They need to admit their errors and be honest about it.

That's how APC made several promises,byet failed in practically all. You young men need to wake up and be yourselves.

You are really an urchin. Chai!

jcross19:
Mr tinubu made mistake but you are trying to defend your god but that have made you sound stupid!!.

As in I don't understand these guys. Maybe they're really urchins as perceived. If this gaffe came from another candidate they'd have crucified him, but see them making daft excuses

KGD10:
Olodoh, didn't you learn comparative and superlative at school? No wonder your Principal, Peter Obi graduated with D pass.

Anything rotten can never been made good hence 'bad' fit best to describe any improvement of it. Just like bad, worse, worst. Not worst to good. Tinubu was right. Unintelligble people should go learn the difference between comparative and superlative.

You shouldn't be let anywhere near school kids with this skewed way of thought

lhordspy:
Werey dey disguise..

We the good people of Nigeria are not moved by this your little fake 'attentiveness' strategy. Me especially, i can see through your black-clothes, brown skin and flat head. We all know you very well peter, stop acting upright.

Is it not you same peter that diverted anambra's state funds into your daughter's offshore account?

Is it not you same peter that inconjuction with the defunct sarz commander, murdered and cannibalised the innocent igbo anambra people.

Is it not you that devilish locked other politicians from other states that came to campaign in anambra state in 2013, are you not the one that locked them up inside an hotel?

Is it not you same Peter, that has been going around churches instigating christians not to vote for muslims?


I can go on and on, peter... You are nothing but a mesmerizing deceiver, a pretender and a clown.

This kind of emotion is manifestly unhealthy. I fear for your mental health.

PandoraObi:
if you have problems with your mother, please go and trash it out with her, no one is responsible for your frustration and disappointment here, stop looking for who to blame for your frustration and disappointment, if your problems are too many for your life, approach fast running trailers.

You haven't surprised me.

You're not in any way different from an IPOB youth. And in truth I think you're one. A riff raff destined to roam the earth an uncouth vagabond and a sacrifice for pigs in power. Your end will be a thing of wonder as men will not be able to believe that you were perceived in the same cadre as human. Ruminate over this and know nothing will change for a fool you are and a fool you ever will be

PandoraObi:
Hehehehehehehehehe miserable and mischievous IPOB miscreants, zombidients and zombidiots criminals are full,
"turning a critical situation to a bad one" like turning a worst situation to a correctable situation, like bringing a almost brain dead accident victim to consciousness but could not talk, the bitterness and hatred in those Biafra idiots that have submitted their brains to Kanu, do not have anything to reason with

Say the truth. Is this how you would've rationalized it if another candidate had said this, you shameless sophist

YorubarLord:
LINUS OBI AND HIS PARTY JUST SPIT ON THE GRAVES OF ENDSARS VICTIMS. BUT THEN LET THEM CONTINUE TO SCREAM OBIDIENT. THIS FLATHEADDD FOOL KEEPS SHOOTING HIMSELF IN THE FOOT AND PROVING TO US WHY HE MUST NEVER BE PRESIDENT

But you don't believe there were victims. What's the fuss here?

SmartPolician:
It's called blogging or vlogging, not journalism.

Blogging is someone keeping their personal diary. However, it has been monitized today.

If you need journalism, go to Vanguard, the Nation, Guardian, Bloomberg, New York Times, BBC, etc.

Why waste your time on someone who has sworn not to have sense?

CrimeKsmart:
This is the structure most Obidients don't understand. Tinubu don't need to be in Sokoto but his structure is on ground to work for him. Majority of people shouting Obi don't need structure are Igbos and by virtue of being an Igbo man, Obi doesn't need structure in the East and SS. Soon the chaff will be separated from the wheat by then Obidients will understand they are only noise makers

So how many of the organic LP rallying states was Obi physically present in. The way you guys shift the post, it's easy to sense the trepidation

haslaw:
Mr. IPOB, is your brain working properly at all?

What is the population of Northern Christian as against their Muslims counterparts. Compare that to the population of IGBOS in Sokoto.

BIGOTRY has eaten too deep into your soul.

Just take a moment to read what you wrote again. Now adjust it to have some semblance of a comment written by a human rather than a beast of burden and we could possibly break words. I'm not an internet tramp oga

LeoDeKing:
If this man still wants to come 4th in the election, I think he should start learning how to always stfu at the right places instead of these nonsense he keeps spewing up and down.

The more he talks, the clearer the emptiness of that his big flat head is exposed.

Just like BAT stfu, abi? Continue liking your own post with your cronies. It's the worst case of personality disorder o

haslaw:
It's too late. The cat has already been let out of the bag.

Labour Party has been highjacked by IPOB and Peter Hoebi is basically an IPOB project.

Peter Pandora Hoebi is a religious and tribal extremist with no tolerance for people who he considers not his own.

Labour brought a man with a name as Ifeanyi Ezeagu as campaign director for Sokoto state. Shame on Peter Obi and LabourParty for such crass BIGOTRY. So Labour Party is telling us that there is no single Sokoto person to lead campaign in the entire Sokoto state.

Abi? Just like BAT couldn't find a worthy NORTHERN CHRISTIAN in the entire NW, NE and NC. I'm worried about Nigeria with people like you

HomoSapiien:
Peter Obi wants to steal the show from the real Labour Party officials.

He thought he could just bank and eat on a party he didn’t sow anything in.

He’s such an opportunist. Chai!

Has your account been credited for this interesting post?

Arysexy:
And they said he has first class in accounting. Is this not supposed to be his professional body, where he should be at home and tutor them in accounting?

If you ask me na who I go ask my brother. Politicians just consider us cruise worthy......... until we say IT'S ENOUGH

Person dodge lawyers, come dodge accountants too

Sigh

ipobarethieves:
I knw u refer ur father to a child.indomie kid

The irony of this comment of yours

Moh247:




On a $500 million USD IGR in comparison to Dubai Emirate $46 billion USD

With 25 million people mostly people from failed States like Aba and Anambra

Lagos was able to build

Working Bus rapid system

Lagos Metro Rail

Working VIP boat transport system

World class cable bridges, flyovers and interchange

Man-made Island like Eko Atlantic city

Lekki deep sea port

First independent power plant

Millenium schools in all nooks and crannies

Rapid Response Squad RRS

It's easier to sit in your house watching the game to blame manager Pep Guardiola, or Striker Cr7 , Gbadebo rhodes is not better than Fashola SAN, Ambode or Sanwo-Olu, he is only furtunate to be from the rich Rhodes family



.

You are an embodiment of mediocrity

Yamiriflathead:
So obi no go win Lagos again? Obi suppose win Lagos with 60% margin atleast na.
Wahala oil rice

Obi will win Lagos. If you can't comprehend the comment meant his strong base only ends in Lagos. I know you want to make a buck but oga reason well along the way

adioolayi:
Achievements Chris Ngige wasn't proud of when interviewed yesterday night on Channels

He said and quote...."Peter Obi neglected infrastructure in Anambra during his first tenure as Governor...he abandoned the foundation we have layed ....realising this great mistake....he tried correcting some wrong during his second term"

That's what Chris Nigige said about Peter Obi yesterday night.

Yes. The same Chris Ngige that fraudulently won the Governorship elections swore an oath to his godfathers and was booted out by the Supreme Court. The same man presently ensuring that Nigerian students remained home for upwards 8 months.

Okealaaye:
PANDORA PAPERS: Inside Peter Obi’s Secret Businesses — And How He Broke The Law

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.

ByTaiwo-Hassan Adebayo October 4, 2021

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 project saw 600 journalists from 150 news organisations around the world poring through a trove of 11.9 million confidential files, contextualising information, tracking down sources and analysing public records and other documents.

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.

PREMIUM TIMES contacted Mr Obi with written questions and had an in-person interview with him weeks ahead of this publication.

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.

The Pandora Papers, the biggest cross-border collaboration of journalists in history, is an investigation into a vast amount of previously hidden offshore companies, exposing secret assets, covert deals and hidden fortunes of the super-rich – among them more than 130 billionaires – and the powerful, including more 30 world leaders and hundreds of former and serving public officials across the world.

The confidential documents also feature a global cast of fugitives, convicts, celebrities, football stars and others, including judges, tax officials, spy chiefs and mayors.

The leaked records came from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients like Mr Obi, who seek to shroud their financial activities, often suspicious, in

Code of Conduct Tribunal HQ

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.

The 36-year old Alcogal is a Panamanian law firm that went on to open overseas subsidiaries offering company formation and registered agent services in BVI, Seychelles, Belize, and Bahamas, and the preparation of corporate documentation in relation to the companies formed. It also provides trust services through its subsidiary trust companies in Panama, BVI, and Belize.

After extensive documentation, Gabriella Investment Limited was born on November 17, 2010, with registration number 1615538. Two figureheads – Antony Janse Van Vuuren and Lance Lawson — were appointed its first directors while ultimate control resided with Mr Obi.

On the same day the company was incorporated, the nominee directors met and issued 50,000 shares of Gabriella Investment in favour of Hill International Holding Corporation, a shell International Business Company operating under the laws of Belize, another tax haven. The director of the company is Mr Van Vuuren, also one of the directors of Gabriella Investment.

It is unclear what businesses Mr Obi transacted with the entities but in some communications, they were sometimes referred to as investment vehicles. Mr Obi told PREMIUM TIMES the offshore entity is the holding company for most of his assets and that the business structure he adapted was to enable him to avoid excessive taxation.

“I am sure you too will not like to pay inheritance tax if you can avoid it,” he told the reporters who interviewed him.

The Memorandum of Incorporation of Gabriella Investment said it was set up to carry on or undertake any business or activity, including trading of any commodities or goods, to do any act or enter into any transactions.

Recalibrating the structure and bringing family under the umbrella
Mr Obi has since rearranged his offshore businesses. First, he renamed Gabriella Investment. Beginning February 10, 2017, the company became known as PMGG Investments Limited in what is a combination of the first letters of the first names of Mr Obi’s nuclear family. P for Peter (ex-governor), M for Margaret (the ex-governor’s wife), G for Gabriella (the ex-governor’s daughter) and G for Gregory (the ex-governor’s son).

Mr Obi has also now created a trust known as The Gabriella Settlement, an entity also registered in the BVI. According to Fidelity Investments, a trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Experts believe that trusts are traditionally used for minimising taxes even though they can offer other estate plan benefits as well.

By the current structuring of Mr Obi’s wealth and offshore businesses, The Gabriella Settlement, which appears to hold all or a majority of his assets, is the sole shareholder of PMGG Investments.

In turn, a New Zealander entity, Granite Trust Company Limited is the sole trustee of The Gabriella Settlement. Sam Access International, the Monaco-based secrecy enabler Mr Obi first hired in 2010 to set up his offshore structure, was until August 23, 2019, the sole shareholder of Granite Trust.

FIRS Headquarters

Antony Janse Van Vuuren, who has acted as a consistent and perpetual director for almost all of Mr Obi-related offshore entities popped up again, making the filing that brought in another Monaco-based company, Rhone Acces Sam as the sole shareholder of Granite Trust. However, Rhone Trust and Fiduciary S.A., a Swiss entity, is the ultimate holding company for Granite Trust.

Mr Peter Obi and his Man Friday

A central and recurring figure in former Governor Obi’s network of offshore companies and on whom the politician appears to place immense trust is Antony Janse Van Vuuren, a 70-year old South African based in the principality of Monaco in France. Experts in Illicit Financial Flows consider Monaco a tax haven because of its generous tax laws and policies.

According to KPMG Multi Family Office, the principality of roughly 30,000 inhabitants does not charge wealth tax, property tax, investment income tax, and capital gains tax. It also does not tax dividends and directors’ fees and unless they are French nationals, resident individuals are not subject to personal income tax while inheritance tax is zero per cent for spouses and direct beneficiaries. It is unclear if it was this mouth-watering tax regime that attracted Mr Obi to Monaco.

What is however clear is that, in 2010, four years after he became governor, the politician or his representatives hired Monaco-based Acces International, where Mr Van Vuuren has been partner and director for 25 years, to help him create a secret and intricate scheme for managing his assets. Mr Obi told PREMIUM TIMES that British Lloyds Bank’s advice informed his offshore structure decision.

From Monaco in France to Tortola in the BVI, to Wellington in New Zealand, and to Geneva in Switzerland, Mr Van Vuuren has travelled around the world running business errands for Mr Obi and taking major decisions on his behalf.

While Mr Obi stays comfortably behind the curtain, the South African has remained the face of the ex-governor’s companies and the assets they hold. For the past decade, he is the politician’s number one business arranger in the offshore world as well as the custodian of the politician’s business-related documents and correspondences.

Mr Van Vuuren, a veteran nominee director for possibly tens or hundreds of shell companies, attended the University of KwaZulu-Natal, where he graduated in 1967 with a Bachelor of Commerce, Accounting and Business Management. He also obtained an MBA from Durham University in 1977.

A History of Playing Offshore

A 1991 leaked incorporation document reveals a certain Peter Obi and two other individuals – Donatus Ogbogu and Uche Okagbue – to have incorporated Beauchamp Investments Limited in Barbados.

The firm was incorporated as an international business company on August 20, 1991, with registration number 7305. The setting up of the company was handled at the time by a certain Peter L. Chase. What businesses the company does and what assets it holds remain unclear. Mr Obi denied knowledge of the firm as well as of Messrs Ogbogu and Okagbue. He said the individual who incorporated Beauchamp was possibly another businessman who happened to bear a similar name as him.

However, Next International (UK) Limited, another of the former governor’s overseas companies, was incorporated on May 16, 1996, in London. Mr Obi and his wife, Margaret, were listed as directors while Next International (Nigeria) Limited (with 999 ordinary shares) and Mr Obi (with one ordinary share) were listed as shareholders.

The exact businesses the company undertook in its 25-year history remained unclear, although, on March 8, 2001, the firm reported taking a mortgage from Lloyds TSB Bank Plc for a property on 53 Clyde Road, Croydon.

Breaking the Law: Number 1

In Nigeria, a person is statutorily obligated to withdraw from engaging in or directing a private business, except if it is farming, upon becoming a public officer, Section Six (6) of the Code of Conduct Bureau and Tribunal Act stipulates.

However, our investigation, based on records obtained from the UK Companies House shows that Mr Obi continued to be a director of Next International (UK) Limited for 14 months after becoming the governor of Anambra State, thereby breaking Nigeria’s law. The politician resigned from the company on May 16, 2008, 14 months after he assumed duties as Anambra governor. He took office on March 17, 2006.

Mr Obi did not dispute the records PREMIUM TIMES cited but he claimed he “resigned immediately” by handing his wife his resignation letter. He suggested that his company might have failed to effect the changes on time or the UK Companies House did not immediately document his exit. But the UK companies registry said Mr Obi indeed resigned on May 16, 2008, and that it received his notice of resignation for electronic filing on June 16, 2008.

Breaking the law: Number 2

Nigerian public officers are required to declare “immediately after taking office and thereafter all” their properties, assets, and liabilities and those of his (or her) unmarried children under the age of eighteen years,” Nigeria’s 1999 Constitution stipulates (Section 11, Part of the Fifth Schedule).

PREMIUM TIMES investigation also found that Mr Obi breached this constitutional provision on assets declaration. We can authoritatively report that Mr Obi did not declare to the Code of Conduct Bureau the companies he tucked away in offshore secrecy havens.

Mr Obi caused to be created for him a structure of secrecy that had previously, until the Pandora Papers investigation, meant he could continue to hold foreign assets in a way that breaches Nigeria’s law without the knowledge of authorities in the country. In an extra layer of secrecy, Mr Obi used paid nominees as directors, while he remains the ultimate beneficial owner, making it nearly impossible to discover his interests in those companies but we obtained rare incorporation documents proving his link.

Otherwise, Mr Obi could have forever hoped to continue to hold the assets, that he did not declare when he had a statutory obligation to do so as a governor, without any authority or the public calling him to account.

In his response, Mr Obi ridiculously suggested that those offshore companies and assets are jointly owned with his family members and that he was not under obligation to declare companies jointly owned. “I don’t declare what is owned with others,” Mr Obi told PREMIUM TIMES. “If my family owns something I won’t declare it. I didn’t declare anything I jointly owed with anyone.”

This is contrary to the position of the Constitution, which specifies the declaration of all assets, whether jointly or partly owned, PREMIUM TIMES’ reporters told Mr Obi. He said he was not aware of that provision of the law.

Nevertheless, leaked records show Mr Obi is the sole ultimate beneficial owner of the offshore companies. So he did not even jointly own it with anyone.

In that case, Mr Obi has violated Nigeria’s Code of Conduct law and, if authorities decide to act appropriately, he could be arraigned before the Code of Conduct Tribunal, a special court that tries public officers for any contravention of the Code of Conduct for Nigerian public officers as spelt out in the Fifth Schedule of the Nigerian constitution.

The Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT) were established to enforce “a high standard of morality in the conduct of government business, and to ensure that the actions and behaviour of public officers conform to the highest standards of public morality and accountability.”

Breaking the law: Number 3

The former governor could be charged with failing to declare his offshore holdings and their associated assets and operating foreign accounts while being a public officer.

The Nigerian constitution and the Code of Conduct Bureau and Tribunal Act forbid a public officer from maintaining or operating a bank account outside Nigeria. However, as a governor, Mr. Obi continued to operate and maintain foreign accounts, including with Lloyds TSB.

Mr. Obi told PREMIUM TIMES that he received the advice to create an offshore structure from Lloyds TSB, which then introduced him to intermediaries who helped him to set up com where he continued to operate a foreign account as a governor.

The offences violate sections of the Fifth Schedule of the Constitution of the Federal Republic of Nigeria 1999, as amended.

Asked if he is concerned that Nigerians would be disappointed at him following our finding of his opaque and lawless dealings as a governor, Mr Obi said he was more concerned about his U.K. and U.S. schools alumni network, his business and foreign creditors. He insisted that he served well as Anambra governor and Nigerians already have their opinions about him.

The former governor could be charged for failing to declare the company and its associated assets and perhaps operating foreign accounts while being a public officer.

Mr Obi told PREMIUM TIMES that he received the advice to create an offshore structure from Lloyds where he continued to operate a foreign account as a governor.

The offences violate sections of the Fifth Schedule of the Constitution of the Federal Republic of Nigeria 1999, as amended.

Mr Obi and missed tax opportunity

In June 2017, the federal government launched the Voluntary Assets and Income Disclosure Scheme (VAIDS), an initiative seeking voluntary disclosure of previously undeclared assets and income with a view to paying all outstanding liabilities. The VAIDS offered a nine-month window and incentives that included immunity from prosecution for tax evasion and undeclared assets, which would have benefited people like Mr Obi.

A key objective of the VAIDS was curbing illicit financial flows and tax evasion, which commonly feature the use of offshore holdings to shift taxes from where they are earned to havens where little or no taxes are paid.

The government in 2017 said defaulting individuals and corporate bodies who failed to take advantage of the VAIDS would be subject to criminal prosecution.

A number of Nigerian public officials with previously undeclared assets tucked away overseas participated in the VAIDS and got clearance certificates. Mr. Obi shunned the scheme and continued with his opaque business dealings in breach of the law.

Nonsense!

GoodLife4live:
you see yourself. ? OBASANJO is never a Yoruba candidate.... He was brought out of prison to challenge a Yoruba choice... ( FALAE ) Igbos voted against him known vividly that his Yoruba choice candidate and supported obasanjo....

Not a Yoruba candidate but he's shaa Yoruba. Ogbeni die this matter......... you're not making any sense

iykofias:
Who’s the talkative YouTuber way no wan close mouth, tufiakwa

As in eh.....