Details of top Nigerian leaders, politicians and others indicted by the pandora papers have emerged.
The secret files indicted Peter Obi, an ex-Anambra Governor, 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.
