Peter Obi Named in “Pandora” Stashed Funds investigation

Nigeria’s former CJN, governors, pastors named in Pandora Papers

Former Anambra State Governor and 2019 vice Presidential candidate of the peoples democratic Party, Peter Obi is among ten Nigerians have been listed among prominent Global leaders and top public officials who have allegedly stashed funds and own “secret” properties in so-called safe havens, in violation of laws of their own respective countries.

A number of high-profile persons in Nigerians have been named in the Pandora Papers scandal for flouting “extant laws and legislations as they hide these assets,” Premium Times reported.

Pandora Papers investigation — involving some 600 journalists from media including The Washington Post, the BBC, The Guardian, and Nigeria’s Premium Times — is based on the leak of some 11.9 million documents from 14 financial services companies around the world.
In all, there are 336 politicians listed in the document, according to the International Consortium of Investigative Journalists (ICIJ), which published the earth-shaking papers on Sunday. The document contains some Nigerian politicians.
Premium Times said contents of the document will reveal how some of the most influential Nigerians – a former Chief Justice of Nigeria, current and former state governors, past and present lawmakers, businesspeople, a popular pastor, and many others – set up shell companies, and sometimes warehouse huge financial assets, in notorious secrecy jurisdictions.
The first series published on Monday said former Anambra State governor Peter Obi of keeping secret assets he did not declare to Nigeria’s Code of Conduct Bureau (CCB).
In 2010, more than four years after Obi became governor, Obi reportedly set up his first discreet company in the British Virgin Island, and named the company Gabriella Investments Limited, after his daughter

The journalists found links between a thousand companies in off-shore havens and these prominent individuals.

5 politicians from Cote d’ivoire, two from Chad, Congo and Kenya are listed, while Ghana has three named

Perhaps the most prominent Nigerian listed is Vice Presidential candidate in the 2019 election, Peter Obi.

In a publication by Premium Times, an online platform, which was involved in the investigation, Obi, a former governor of Anambra State violated the Code of Conduct laws by not declaring he investments identified in the safe havens, on his asset declaration forms while in offfice as governor.

The former governor is quoted by Premium Times to have replied in a questionnaire interview, that he did indeed admitted to having not declared the assets listed against his name.