Newsrand
Newsrand

GENERAL NEWSPandora Paper: How Peter Obi Used His Daughter’s Name For Fraud

Published 8 months ago on October 4, 2021By Tunde Osunfemi

A former Governor of Anambra State, Peter Obi has been named in a global tax evasion scandal and investigative reporting carried out by more than 600 journalists in 117 countries.

The investigation is called Pandora Papers.

The BBC writes that the “Pandora Papers is a leak of almost 12 million documents that reveal hidden wealth, tax avoidance and, in some cases, money laundering by some of the world’s rich and powerful.”

The Pandora Papers details how rich and powerful individuals from across the world– including more than 330 politicians from 90 countries–launder money by setting up businesses in tax havens like the Cayman Islands, the British Virgin Islands, as well as in countries like Switzerland and Singapore.

These places are called ‘tax havens’ because it is easy to set up companies there, there have laws that make it difficult to identify owners of companies and there is low or no corporation tax within their jurisdictions.

Peter Obi used his daughter’s name
According to Premium Times, a Nigerian publication that was part of the global investigation under the International Consortium of Investigative Journalists (ICIJ) umbrella in Washington DC, Obi discreetly set up a company called Gabriella Investments Limited, in the British Virgin Island.

He named the company Gabriella Investments Limited, after his daughter Gabriella Nwamaka.

Obi, the online newspaper reports, 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.

Acces International then contracted a local registered agent – Aleman Cordero Galindo & Lee Trust (BVI) Limited (Alcogal) — to set up Gabriella Investments Limited for Obi.

Gabriella Investment Limited was born on November 17, 2010.

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, who is also one of the directors of Gabriella Investment.

Change of name and breaking Nigeria’s laws
Gabriella Investment is now known as PMGG Investments Limited in what is a combination of the first letters of the first names of 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).

Obi has also created a trust known as The Gabriella Settlement, an entity also registered in the BVI.

The Gabriella Settlement is the sole shareholder of PMGG Investments.

Obi also incorporated another company called Next International (UK) Limited on May 16, 1996, in London.

Investigations show that Obi continued to act as director of Next International (UK) Limited for 14 months after becoming Governor of Anambra State, thereby breaking Nigeria’s laws.

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

Obi resigned from Next International on May 16, 2008, 14 months after he assumed duties as Anambra Governor.

Obi also contravened Section 11 of the 1999 constitution (as amended) which stipulates that 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.

Investigations have revealed that Obi did not declare the companies he tucked away in offshore secrecy havens to the Code of Conduct Bureau.

Asked about his offshore assets and shell companies, Obi told Premium Times that: “I am sure you too will not like to pay inheritance tax if you can avoid it.”

Obi, 60, was PDP’s vice presidential candidate in the 2019 general elections.

He often preaches frugality, parsimony, anti-corruption, lean governments, and probity every other day on prime-time television.

He also once told the world that he owns only one wristwatch, even though images of him at different events showed him wearing different brands of pricey wristwatches.


https://www.google.com/amp/s/newsrand.com/2021/10/04/pandora-paper-how-peter-obi-used-his-daughters-name-for-fraud/amp/

They are all corrupt, we just need to choose the one with lesser evil

Biodun556:
They are all corrupt, we just need to choose the one with lesser evil

You said it all!

We just choosing a better and more brilliant thief!

Ok

We already know. Pandora obituary is a confirmed thief.

From that same Pandora report, it was said that Peter Obi has had shell companies and offshore accounts since 1990s.
If he committed frauds, I seriously wonder why you or the government haven't dragged him to court to prove your case?

The more you dig for dirts on Peter Obi, the more frustrated you become.

Do you know someone who was also mentioned in the Pandora report? Tinubu!

Here are the evidences that Tinubu was a fraudster

Obi will sell Nigeria and keep the money in Pandora account in his daughter's name.

Who doesn't know that Peter Peter Obi is a thief?

Can someone from Mr Obi camp convince me how this man is different the from the same set of greedy,selfish politicians we ve around.We can't over look all this allegations like nothing happened

noleflendum:
Who doesn't know that Peter Peter Obi is a thief?

the youths are coming

they have no manifestos to campaign with apart from their usual old tribalism and tribal card tactics.

But we'll remind them that tribalism won't bring back dollars to at least 400
tribalism won't bring back fuel to 95 naira
tribalism won't send our undergraduates back to school.
tribalism won't fix our security.
tribalism won't develop our economy.

since suffering knows no tribe or religion, since we're suffering together irrespective of our tribe and religion, it's also fair if we get it right together by sending thieves and those who thinks they can rape Nigeria TURN by TURN.
Enough is Enough!!!

2023 will be the youths vs the criminals
it won't be business as usual.

The Pandora man has no hiding place.

Tinubu's bullion van overrides any corrupt practices anybody may have had in the history of Nigeria


Know this know peace of mind and move forward

Saint in the day, devil at night.

Pakute:
Saint in the day, devil at night.

the youths are coming

they have no manifestos to campaign with apart from their usual old tribalism and tribal card tactics.

But we'll remind them that tribalism won't bring back dollars to at least 400
tribalism won't bring back fuel to 95 naira
tribalism won't send our undergraduates back to school.
tribalism won't fix our security.
tribalism won't develop our economy.

since suffering knows no tribe or religion, since we're suffering together irrespective of our tribe and religion, it's also fair if we get it right together by sending thieves and those who thinks they can rape Nigeria TURN by TURN.
Enough is Enough!!!

2023 will be the youths vs the criminals
it won't be business as usual.

He is still a saint compared to somebody that is receiving 10% of Lagos state revenue.

QueenOfTheCoast:


the youths are coming

they have no manifestos to campaign with apart from their usual old tribalism and tribal card tactics.

But we'll remind them that tribalism won't bring back dollars to at least 400
tribalism won't bring back fuel to 95 naira
tribalism won't send our undergraduates back to school.
tribalism won't fix our security.
tribalism won't develop our economy.

since suffering knows no tribe or religion, since we're suffering together irrespective of our tribe and religion, it's also fair if we get it right together by sending thieves and those who thinks they can rape Nigeria TURN by TURN.
Enough is Enough!!!

2023 will be the youths vs the criminals
it won't be business as usual.

I don't envy this your job, niggar.

Pakute:

I don't envy this your job, niggar.

but the youths are coming niggar

be part of it
be obidient

QueenOfTheCoast:
but the youths are coming niggar
be part of it be obidient

Obi, a 60 year old grandpa is a yoot

Pakute:

Obi, a 60 year old grandpa is a yoot

be Obidient
it'll do you good and that of your generation.
Election no be intertribe competition
it's an avenue to better ourselves and our generation.
suffering knows no tribe.
Apc government have proven that Nigeria doesn't need them and promoting them again is a very big disservice to the country you claim to love.
Apc have failed.
you have to kiss this truth bro.

QueenOfTheCoast:

be Obidient
it'll do you good and that of your generation.
Election no be intertribe competition
it's an avenue to better ourselves and our generation.
suffering knows no tribe.
Apc government have proven that Nigeria doesn't need them and promoting them again is a very big disservice to the country you claim to love.
Apc have failed.
you have to kiss this truth bro.

Fraud is neither a tribe

Pakute:

Fraud is neither a tribe

stale
Hehehehe
the youths are coming

they have no manifestos to campaign with apart from their usual old tribalism and tribal card tactics.

But we'll remind them that tribalism won't bring back dollars to at least 400
tribalism won't bring back fuel to 95 naira
tribalism won't send our undergraduates back to school.
tribalism won't fix our security.
tribalism won't develop our economy.

since suffering knows no tribe or religion, since we're suffering together irrespective of our tribe and religion, it's also fair if we get it right together by sending thieves and those who thinks they can rape Nigeria TURN by TURN.
Enough is Enough!!!

2023 will be the youths vs the criminals
it won't be business as usual.

QueenOfTheCoast:

be Obidient
it'll do you good and that of your generation.
Election no be intertribe competition
it's an avenue to better ourselves and our generation.
suffering knows no tribe.
Apc government have proven that Nigeria doesn't need them and promoting them again is a very big disservice to the country you claim to love.
Apc have failed.
you have to kiss this truth bro.

Arindin because of that we should vote for a laya, (Pandora)

Segzy22:
Arindin because of that we should vote for a laya, (Pandora)

the youths are coming

they have no manifestos to campaign with apart from their usual old tribalism and tribal card tactics.

But we'll remind them that tribalism won't bring back dollars to at least 400
tribalism won't bring back fuel to 95 naira
tribalism won't send our undergraduates back to school.
tribalism won't fix our security.
tribalism won't develop our economy.

since suffering knows no tribe or religion, since we're suffering together irrespective of our tribe and religion, it's also fair if we get it right together by sending thieves and those who thinks they can rape Nigeria TURN by TURN.
Enough is Enough!!!

2023 will be the youths vs the criminals
it won't be business as usual.

The report mentione how ur grandfather stole billions of Naria and use it to buy property's outside Nigeria u never mention it and even ur grandfather and the people he use to steal the bulliona never come out to defend themselves but u saw how Obi came on TV Clear everything. Be using the same propaganda u guys use against Jonathan but we promise u guys that it won't work this time around cus Nigerians are wiser now. Am sure u are enjoying the change and u are buying fuel at N65 and changing dollar at N100. Na una go still suffer it continu

OP ur name na Abiodun and u dey behave like mumu Abiodun.mchew

CYBERSOLDIERSre:
Here are the evidences that Tinubu was a fraudster

Pls I don't understand that picture

I am here to learn

Here not the proofs that politicians disciplined a offender

G

Biodun556:
G

Biodun556:
G

.