The Economic and Financial Crimes Commission (EFCC) has summoned Peter Obi, the former governor of Anambra State, for questioning in connection with alleged secret assets and financial deals exposed in the Pandora Papers.
The Pandora Papers are the world’s largest leak of 11.9 million documents from offshore services providers, revealing the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state, as well as more than 100 billionaires, celebrities, and business leaders, including Nigerians.
The document leak, which included documents, images, emails, and spreadsheets from 14 financial service companies in countries such as Panama, Switzerland, and the United Arab Emirates, was described by news organisations affiliated with the International Consortium of Investigative Journalists (ICIJ) as their most extensive exposé of financial secrecy yet, surpassing their previous release of the Panama Papers in 2016, which contained 11.5 million confidential documents (2.6 terabytes).
The EFCC invited Obi last week, and he has been asked to report to the agency’s Abuja headquarters on October 27, 2021, to face a team of investigators, according to sources.
Obi incorporated offshore holdings that he did not declare to the Code of Conduct Bureau while serving as a governor, and he continued to manage his Next International UK Limited 14 months after becoming a governor, according to the Pandora Papers report. In addition, as a governor, he continued to manage a foreign account.
However, a source at the anti-graft agency told Premium Times that the Pandora Papers revelations were only a lead for investigators, and that “several issues” regarding Obi and his offshore dealings are now being investigated.
Governor Abubakar Atiku Bagudu of Kebbi State, Governor Gboyega Oyetola of Osun State, and his associates such as former Lagos State governor Bola Tinubu and Ogun State Governor Dapo Abiodun were among the others.
It was also revealed that the children of a former NSA, Col. Sambo Dasuki (rtd), and billionaire Leno Adesanya, perfected offshore deals under dubious conditions.
Apart from Obi, all other Nigerians indicted in the Pandora Papers will be investigated, it was also learned.