Pandora Papers: Throwing stone in a market place | The Guardian Nigeria News - Nigeria and World News

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The release of the much-talked about and controversial Pandora Papers is akin to throwing stone in a market place, which could fall on an innocent person.

The thrower, before releasing the stone , must have made up his mind to cause injury, knowing full well that the stone must fall on somebody’s head who could be innocent. But despite that awareness, he still goes ahead to throw it not minding who the victim might be. The Pandora Papers has caused harm in that perspective.

The likes of WikiLeaks, Panama Papers, Paradise Papers, to name but a few, that set out to expose alleged illegal financial deals by individuals and corporate bodies worldwide remain the opinion of those behind them.

The quantum of information leaked revealed how the rich in many countries in Africa, Europe and Asia allegedly made huge financial gains through offshore businesses in the so-called tax havens. Peter Obi is one of the very few individuals who could be called upon to help correct the mounting ills plaguing Nigeria. If every leader in Nigeria behaves like him, Nigeria will be a lot better for all of us.

With regard to having businesses in offshore tax havens, the question is how having business in tax havens constitutes an act of corruption. A tax haven is a country or independent area that levies low tax rate with the aim of attracting foreign investments. The 10 top tax havens include corporate-focused havens like the Netherlands, Singapore, Ireland, and the U.K.

There is no doubt that there are top officials who have stolen public funds and have it invested in tax havens with the aim of hiding it. But there are also honest individuals who have genuinely invested their hard-earned money in tax havens with the sole aim to make profit as in a business. Peter Obi, without doubt belongs to the second group, which is why he has demanded that the source of fund be investigated rather than lumping the thieves together with innocent businessmen.

 

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