Former Governor Peter Obi And 9 Other Nigerian Politicians Implicated In The Pandora Papers

peter obi
No less than 10 Nigerian politicians have been implicated in the Pandora Papers.  At least eight African countries are featured in the document. The investigation is called Pandora Papers.

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.
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The BBC writes that the “Pandora Papers is a leak of almost 12 million documents that reveals 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.
READ ALSO: 110m Nigerians Will Be Poor By End Of 2020 – Peter Obi

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.

In all, there are 336 politicians listed in the document, according to the International Consortium of Investigative Journalists, which published the earth-shaking papers on Sunday.

The ‘Pandora Papers’ is an investigation based on one of the biggest-ever leaks of financial documents which, on Sunday, exposed a hidden world of shielded wealth belonging to hundreds of politicians and billionaires.

Considered as one of the largest ever global media investigations, the Pandora Papers involved more than 600 journalists who, together, analysed some 11.9 million documents from financial services companies around the world.

Pandora Papers

They found links between almost 1,000 companies in offshore havens and 336 high-level politicians and public officials, including more than a dozen serving heads of state and government.

According to an interactive map of the leaked documents, five Côte d’Ivoire politicians were helped by foreign agents to stash money suspected to be looted away from public view.

Ghana has three politicians listed in the documents, which has been described as “An offshore data tsunami.”

Chad, Kenya and Congo Brazzaville have two politicians each listed in the infamous documents that had reportedly sent shivers down the spines of public figures globally; while Gabon has three politicians listed.

Angola has nine politicians listed in the document, while Zimbabwe and South Africa have two each.

Mozambique has one.

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Photo Credit: Getty

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