Tuesday, October 19, 2021

Pandora Papers: How I Made My Money – Peter Obi

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The former Governor of Anambra State and former vice-presidential candidate of the People’s Democratic Party for the 2019 general elections, Peter Obi has gone on the popular terrestrial TV channel Arise TV to clear his name about the recent Pandora Paper investigation publication, saying before he went into politics at all he was a big scale trader and from there he ventured into banking before becoming Governor Anambra State in 2006. Peter Obi

Obi said this during an interview on The Morning Show, an Arise TV program that aired on Monday.
READ ALSO: Pandora Papers: I Didn’t Break Any Law – Peter Obi

This is amid allegations from a report inspired by Pandora Papers which listed him as one of the personalities who clandestinely set up and operated businesses overseas, including in notorious tax and secrecy havens in the ways that breached Nigerian laws.

Obi had reacted to the report, saying, “I did not in any respect whatsoever violate any law before, during, and after my stewardship as the governor of Anambra.”

He added, “I think that the authors displayed ignorance on matters of Trust and International Investment Practices.”

Speaking during the Arise TV programme Obi answered a question on how he made money before becoming a governor.
READ ALSO: You Can’t Use Infrastructure To Drive Economic Growth – Peter Obi To Buhari

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He said he ran a planned market management company, adding that he “was the sole importer of Heinz salad cream, just to give you an example of one company.
“I was the sole engineer of South African Breweries. I was also bringing in Ovaltine.
“The company I was with before, I left it for my brother who took over and paid me off. That company became the Next Cash and Carry which you see in Port Harcourt and Abuja.”

He further revealed that he used to import wine back in the days, adding that “everyone knew I was a very big trader.”
He said, “I had a very good business but went into banking. “I was sitting in the board of three banks and was the chairman of one before I became a governor.”
Obi also revealed that he had major shares in the banks where he was a board member.
He, however, stated that joining politics made him poorer even though he doesn’t regret the decision he took.

Watch our trending video of the day below;

Photo Credit: Getty

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