Connect with us

Today Headline News

I Have Solely $15 million in My Offshore Accounts – Peter Obi (Video)



I Have Solely  million in My Offshore Accounts – Peter Obi (Video)
I Have Solely  million in My Offshore Accounts – Peter Obi (Video)

Peter Obi

Peter Obi


A former Governor of Anambra state, Peter Obi has debunked studies that he has $500 million in his offshore account.


Making clarification on Monday throughout an interview on Come up TV, Obi mentioned he has solely $15 millon. He maintained that he by no means violated any regulation.


This comes after his title turned an merchandise following the discharge of the Pandora Papers, a undertaking carried out by a world Worldwide Consortium of Investigative Journalists (ICIJ).


The undertaking noticed 600 journalists from 150 information organisations all over the world poring via a trove of 11.9 million confidential recordsdata, contextualising data, monitoring down sources and analysing public information and different paperwork.


The leaked recordsdata had been retrieved from some offshore companies corporations all over the world that arrange shell corporations and different offshore entities for shoppers, lots of them influential politicians, businesspersons and criminals, in search of to hide their monetary dealings.


Obi was uncovered within the report as one of many personalities who clandestinely arrange and operated companies abroad, together with in infamous tax and secrecy havens in ways in which breached Nigerian legal guidelines.


Reacting, he mentioned:


“Trust company is a legitimate vehicle used everywhere globally for investment, savings and estate planning purposes. In my Particular case and that of my family, it was done on very valuable advice of our then bankers, Loyce TSB. This is what they did for all their international clients who operated at the time i lived in the UK. They will help you to see that the formulated trust company offshore and that is what we did.”

“This company was never used to launder money before, during and after till date. It wasn’t used for anything during my time in office. It was strictly a trust company for savings and family planning that was used to support our borrowings which we even invested in this country”.


When requested by one of many Programme anchors if he had $500 million within the account. Obi replied;


“If you see more than 3% of that in there confiscate all my properties here and abroad”.

He continued: “As a father, I save for my children, i save for my family and they Know”.

“If you go there and find more than 3%, about 3% which is about $15 million, if i bequeath my children $500 million, i have cursed them. There is money you bequeath People, you curse them. You bequeath them what is manageable so that they can start their life. If you see anything more than $15 million there, confiscate what i have overseas and here”.

Watch video beneath: