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Home » Events » Burial » l’m keeping just $15m for my children off shore, not $500m
-Peter Obi

l’m keeping just $15m for my children off shore, not $500m
-Peter Obi

Trying to get out of the release of the Pandora Papers, a project carried out by a global International Consortium of Investigative Journalists (ICIJ).

A former governor of Anambra State and vice-presidential candidate of the Peoples Democratic Party in the 2019 general elections, Peter Obi

Obi has said: “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”.

Obi was exposed in the report as one of the personalities who clandestinely set up and operated businesses overseas, including in notorious tax and secrecy havens in ways that breached Nigerian laws.

Appearing on Arise KTV on Monday, monitored by POLITICS NIGERIA, he addressed the issue stating that the he breached no law and committed no crime. In his words;

“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 asked by one of the Programme anchors if he had $500 million in offshore accounts. Obi replied;

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

About Younews Ng

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