Former vice-presidential candidate Peter Obi on Monday gave an insight into how he made money following findings from Pandora Papers that he secretly set up and operated businesses overseas, including in tax havens.
Explaining how he made money during an interview on Arise TV, Mr Obi said he ran a planned market management company and was, for example, the sole importer of Heinz salad cream.
He said, “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.”
Obi further revealed that he used to import wine back in the days, adding that “everyone knew I was a very big trader.”
He said, “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 former Anambra State governor also revealed that he had major shares in the banks where he was a board member.
He, however, stated that joining politics made him poorer even though he does not regret the decision he took.
