Pandora Papers: Peter Obi Reveals How He Made Money

The Vice Presidential candidate of the Peoples Democratic Party in the 2019 general elections, Peter Obi, on Monday revealed how he made his money before becoming the governor of Anambra State.

Obi further said he did not violate any law, before, during and after his tenure as the governor of Anambra State.

This is coming at the time the former Governor was accused in a report by Pandora Papers of setting up and operating businesses overseas, including notorious tax and secrecy havens in the ways that breached Nigerian laws.

Obi, however, during an interview on Arise TV on Monday said he ran a planned market management company before becoming a governor.

He said, “I did not in any respect whatsoever violate any law before, during and after my stewardship as the governor of Anambra.

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

He added 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.”

“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.”

The PDP chieftain disclosed that he had major shares in the banks where he was a board member.

He noted that he even became poorer as a governor but does not regret his action.