The former Governor of Anambra State and PDP Vice Presidential candidate in the 2019 presidential election, Peter Obi was listed in an investigation conducted by Pandora Papers, an international investigative platform.
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The document released by the International Paper unveiled hidden offshore companies of current 35 leaders from different countries and also unveiled the hidden companies of 130 public officials from over 91 countries of the world.
Mr. Peter Obi is one of the influential figures mentioned by the International Paper with hidden businesses outside Nigeria.
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According to a report by Premium Times, part of the revelations of the hidden businesses of Peter Obi by Pandora Papers are offshore companies named Gabriella Investments Limited and The Gabriella Settlement which is a trust.
The report explained that Peter Obi has also reacted to the revelations, saying the offshore companies are jointly owned with members of his family and not under obligation to declare such businesses.
Why Peter Obi May Be Prosecuted By The Revelation Of Pandora Papers
While Peter Obi maintained that he is not under obligation to declare the companies jointly owned with family members, the Nigerian constitution states otherwise.
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According to Section 11 of the Fifth Schedule of the 1999 Constitution of the Federal Republic of Nigeria, public officers in Nigeria are mandated to declare assets after taking office and thereafter.
The assets to be declared are either partly or jointly owned and the Constitution states specifically that public officers should declare their assets and those of his or her children under the age of 18 years.
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The report explained that if Nigerian authorities decided to take appropriate action against Peter Obi, he may likely be prosecuted at the Code of Conduct Tribunal because he has violated the provision of Nigeria Code of Conduct Law.
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