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Tuesday, September 27, 2022

#Breaking! PETER OBI’s Foreign Accounts, Tax Evasion And Other Details Exposed. (Documents).

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Peter Obi, his daughter and a secret business

Mr Obi has two children- a daughter, Gabriella Nwamaka Frances Obi, and a son, Gregory Peter Oseloka Obi. Sometime in 2010, more than four years after he became governor, the politician developed an appetite to set up his first discreet company in the British Virgin Island. He named the company Gabriella Investments Limited, after his daughter.

To set up what has now become a convoluted business structure, Mr Obi first approached Accses International, a secrecy enabler in Monaco, France, to help him incorporate an offshore entity in one of the world’s most notorious tax havens noted for providing conduits for wealthy and privileged corrupt political elites to hide stolen cash to avoid the attention of tax authorities.

Tax havens are politically and economically stable offshore jurisdictions or countries with extensive laws and systems that provide little or no tax obligations, but enable high secrecy and privacy protection for foreign individuals and businesses.

Mr Obi also paid Access International to provide nominee directors for the company. Nominee directors are residents of tax havens paid to sit on boards of companies to hide the identities of real owners of offshore firms.

So, after accepting a brief from the then governor or his representatives, Acces International officials headed to the British Virgin Island, a notorious tax haven, where it contracted a local registered agent – Aleman Cordero Galindo & Lee Trust (BVI) Limited (Alcogal) — to set up Gabriella Investments Limited for Mr Obi.

The 36-year old Alcogal is a Panamanian law firm that went on to open overseas subsidiaries offering company formation and registered agent services in BVI, Seychelles, Belize, and Bahamas, and the preparation of corporate documentation in relation to the companies formed. It also provides trust services through its subsidiary trust companies in Panama, BVI, and Belize.

After extensive documentation, Gabriella Investment Limited was born on November 17, 2010, with registration number 1615538. Two figureheads – Antony Janse Van Vuuren and Lance Lawson — were appointed its first directors while ultimate control resided with Mr Obi.

On the same day the company was incorporated, the nominee directors met and issued 50,000 shares of Gabriella Investment in favour of Hill International Holding Corporation, a shell International Business Company operating under the laws of Belize, another tax haven. The director of the company is Mr Van Vuuren, also one of the directors of Gabriella Investment.

It is unclear what businesses Mr Obi transacted with the entities but in some communications, they were sometimes referred to as investment vehicles. Mr Obi told Headlinenews.news that the offshore entity is the holding company for most of his assets and that the business structure he adapted was to enable him to avoid excessive taxation.

“I am sure you too will not like to pay inheritance tax if you can avoid it,” he told the reporters who interviewed him.

The Memorandum of Incorporation of Gabriella Investment said it was set up to carry on or undertake any business or activity, including trading of any commodities or goods, to do any act or enter into any transactions.

Recalibrating the structure and bringing family under the umbrella

Mr Obi has since rearranged his offshore businesses. First, he renamed Gabriella Investment. Beginning February 10, 2017, the company became known as PMGG Investments Limited in what is a combination of the first letters of the first names of Mr Obi’s nuclear family. P for Peter (ex-governor), M for Margaret (the ex-governor’s wife), G for Gabriella (the ex-governor’s daughter) and G for Gregory (the ex-governor’s son).

Mr Obi has also now created a trust known as The Gabriella Settlement, an entity also registered in the BVI. According to Fidelity Investments, a trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Experts believe that trusts are traditionally used for minimising taxes even though they can offer other estate plan benefits as well.

By the current structuring of Mr Obi’s wealth and offshore businesses, The Gabriella Settlement, which appears to hold all or a majority of his assets, is the sole shareholder of PMGG Investments.

In turn, a New Zealander entity, Granite Trust Company Limited is the sole trustee of The Gabriella Settlement. Sam Access International, the Monaco-based secrecy enabler Mr Obi first hired in 2010 to set up his offshore structure, was until August 23, 2019, the sole shareholder of Granite Trust.

Antony Janse Van Vuuren, who has acted as a consistent and perpetual director for almost all of Mr Obi-related offshore entities popped up again, making the filing that brought in another Monaco-based company, Rhone Acces Sam as the sole shareholder of Granite Trust. However, Rhone Trust and Fiduciary S.A., a Swiss entity, is the ultimate holding company for Granite Trust.

Mr Peter Obi and his Man Friday

A central and recurring figure in former Governor Obi’s network of offshore companies and on whom the politician appears to place immense trust is Antony Janse Van Vuuren, a 70-year old South African based in the principality of Monaco in France. Experts in Illicit Financial Flows consider Monaco a tax haven because of its generous tax laws and policies.

According to KPMG Multi Family Office, the principality of roughly 30,000 inhabitants does not charge wealth tax, property tax, investment income tax, and capital gains tax. It also does not tax dividends and directors’ fees and unless they are French nationals, resident individuals are not subject to personal income tax while inheritance tax is zero per cent for spouses and direct beneficiaries. It is unclear if it was this mouth-watering tax regime that attracted Mr Obi to Monaco.

What is however clear is that, in 2010, four years after he became governor, the politician or his representatives hired Monaco-based Acces International, where Mr Van Vuuren has been partner and director for 25 years, to help him create a secret and intricate scheme for managing his assets. Mr Obi told Headlinenew.news correspondent that British Lloyds Bank’s advice informed his offshore structure decision.

From Monaco in France to Tortola in the BVI, to Wellington in New Zealand, and to Geneva in Switzerland, Mr Van Vuuren has travelled around the world running business errands for Mr Obi and taking major decisions on his behalf.

While Mr Obi stays comfortably behind the curtain, the South African has remained the face of the ex-governor’s companies and the assets they hold. For the past decade, he is the politician’s number one business arranger in the offshore world as well as the custodian of the politician’s business-related documents and correspondences.

Mr Van Vuuren, a veteran nominee director for possibly tens or hundreds of shell companies, attended the University of KwaZulu-Natal, where he graduated in 1967 with a Bachelor of Commerce, Accounting and Business Management. He also obtained an MBA from Durham.

Nigerians React:
Oh my God! So na this kind person dey present for us to vote as President? God bless you for exposing him O.
Peter for carry all our money go hide for obodo oyinbo Oooooo.
Heyyyyu. God is so good. I will start campaigning against this liar. And I liked him well O. I believe him even as people dey say na liar, I think they want spoil him. This man na thief.
Chidiebere, Trader, FCT Abuja.

*So, Obi, na so you be? You get luck say I no fit see you, I for tear all your cloth. You have all this kind money, then you dey make poor people like us contribute money we dey manage for chop for you? God punish you. It is not well for you and your 419 supporters. You are all the same. You will lose in Jesus name. Amen.

Dame Clara, Rivers.

* Peter, So, you get this kind of money everywhere and you are collecting our widows mite? God will reward you so you will be seeing the position but you will never get there. Widows have cursed you now and you will never be well again. See all the money you pack go London, America? Them talk say you thief from Anambra, even the money you say you leave, dem confirm say na lie, say he no reach. APGA Chairman talk for all of us. You do 419 for widows? It will never be well for you and your family. For every penny we contribute, God will remove millions from your account, and remove good health from you and make it impossible for you to move far in the 2923 elections. Obi, you are cursed. We waka naked curse you Ooo.
Mama Chinyere, Nnewi.

* Mr. Obi is a fraud. He is a scammer. He should be stoned to death. He doesn’t deserve to be a President. This man is fake. He has been accused of telling lies, but today, I have seen it myself- live & direct. Thief. Yahoo yahoo Yeye Man. People are angry. I will spread this to one million followers on social media through influencers. Everybody must know this foolish useless Scammer who has been deceiving us. We donated money for him the other day. God punish this man. I no dey obidient o. I don become Disobidient.
I advise you all to become Disobedient before it’s too late. That man is just using us. He is a user. Look at the kind money the man keep safe?

Peter, namesake, Jos.

* Please everybody, shine your eyes O. Netzens, open your eyes well. If anything happens now, na we go suffer O. Obi go fly out. I hear he get private jet, he put am on lease make he dey pretend he get nothing. God will punish Obi. Na thunder go strike am down. He dey deceive us. President ? Na so? For where? He want collect money from US with all our tweets etc. US promise am $20m to gather millions of supporters. This man is a crook. My friend working in US congress told me. Obi dey use us Ooo. He will soon run.
Cynthia, IT, Abuja.


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