The global Pandora Papers project leads the list of corruption allegations against Peter Obi, the Labour Party Presidential candidate for 2023
A former governor of Anambra State in Southeast Nigeria, Peter Obi is well-known in Nigeria as a supporter of openness, transparency, and good administration.
In addition to his administration’s accomplishments and statistics-heavy recommendations for Nigeria’s development, Peter Obi also enjoys highlighting his enormous commercial success before entering politics.
Mr. Peter Obi is never reticent in running off his numerous professional affiliations and achievements in speeches and written materials.
The former governor, for instance, claimed on his website that he “was chairman of Next International Nigeria Ltd, then chairman and director of Guardian Express Mortgage Bank Ltd.
Others are Future View Securities Ltd., Card Center Ltd., Paymaster Nigeria Ltd., Chams Nigeria Ltd., Data Corp. Ltd., and Guardian Express Bank Plc.
Corruption Allegations Against Peter Obi
The global Pandora Papers project, which is being headed by the International Consortium of Investigative Journalists (ICIJ), conducted an investigation.
To complete the project, 600 journalists from 150 news organizations around the world combed through 11.9 million confidential files, contextualized content, found sources, and examined additional documents and public records.
The exposed documents were collected from several international offshore services providers that created offshore accounts and other offshore organizations for clients,
One of the people whose secret business dealings were made public by the project was the Labour Party presidential candidate, Peter Obi.
He was said to have several off-the-record business dealings and connections that were kept hidden for years.
These are enterprises he secretly established and ran outside of Nigeria, notably in infamous tax havens and secrecy havens.
Peter Obi, the former governor acknowledged that he failed to disclose these businesses, as well as the money and assets they hold in his asset declaration filings with the Nigerian government’s Code of Conduct Bureau.
The Bureau deals with matters of corruption, conflicts of interest, and abuse of office by public officials.
Peter Obi said he was not aware that he was required by law to disclose any joint financial assets or businesses with his family, friends, or anybody else.