PHIPEX:
There was no lie in what he said when the interview was made over 3 years ago. The calculations were accurate using the share price and dollar value 3 years ago. Your Buhari killed investments in Nigeria

I am a man who stands for truth and I just checked the share price in 2018. I deal in verifiable facts. I have no problem in admitting that on this I was wrong and Peter Obi was indeed right. Whether or not the interview was done in 2018, the stake was worth more than $100m in 2018. My other issues against Obi still stand until proven otherwise.

As for Buhari I have never been a fan or apostle of Buhari, never voted for him, even though I will vote Tinubu in 2023. I was around to see what he did when he 1st came in in 1983 and I warned he would be a disaster.

EkelediliBuhari:


Let me lay out a similar scenario;

Dangote was worth $20bn in 2013 but now worth $14bn in 2022. However, his naira investment have grown astronomically;

$20bn @ 155 in 2012 = N3.1tn
$14bn @ 419 in 2022 = N5.8tn

That's a growth of over 87% in 10 years.

Tinubu on the other hand invested in Econet privately.

For TINUBU, Note the fact that he abused his power by using his VETO power as governor to invest state funds in a business and selling it One year down the line in a shady deal.

Does Lagos still own equity shares in econet? Meanwhile where is Econet today??
Econnet > Zain > Etisalat > Airtel . This is one company in 16 years (change of ownership every 4 years, i call it laundering of ownership... Meanwhile MTN and GLO still stand strong.

As a state, you can not just dump shares because you are a lead investor and should be able to hold shares through tough times, this will encourage other shareholders.

Read the article below, Tinubu as Governor facilitated the purchase in 2008 bu Lagos state government. However, in 2009 LASG sold all its shares via an unknown broker - African Development Fund Inc. (ADFI) and to an undisclosed buyer. Till today no trace or update on it. Your guess is as good as mine.

https://www.vanguardngr.com/2009/09/my-position-on-econet-shares/

Our future is in our hands tho

So he is the one that invested state fund for personal gains not Peter Obi. We already know but he is not my focus. Peter Obi is my focus.

shigishege:
oga who ask him to dey keep money anyhow without utilising them on tangible things. Na so him mate they do?? Lagos governors for they keep development money without using them for development una for dey run come Lagos in batches today?

Hoebi thinks he's wise.
He kept that money and away for future stealing.
But he was clever about it.
Trust ibo people at your detriment.

omohayek:

Snooze ... If anyone owes anyone else an apology, it's you and your kind, attempting to use 2018 stats to bamboozle the unsuspecting in 2022. Would it kill you to feel a little shame, and show contrition by refraining from the endless propaganda and the invented quotes you put in the mouths of others to make your candidate out as something more than the empty tribal vessel he is?

It is you who was too lazy to research an information before writing an epistle in support of your demigod and to damage his reputation, ypu rushed to call him a liar even when you are the liar. Obi owes you no apology for granting an interview in 2018 but Nigeria poor education quality makes every one regurgitate infor without proper fact checks.

Imagine a whole news media Cable fact checking a 2018 interview with 2022 share prices and dollar price, isn't that dunce?

Has the value of Guinness and Nigerian breweries dropped within the same time period?

That should be the question.

The economy is bad, but it has not impacted on the consumption of beer

Afamed:

Do you want to force your lies on us?
Obi said he invested $20m above. Record said it was $12.24m. While Obi claimed of worth of $100m which is less than $5.38

Pass this post

ChicagoBar:
? Vote Jagaban Bola Tinubu

Based on?

Soso990240:
For the Records, the finance minister Then okonjo iweala told The Government and Governors to save money and invest because of the coming recession, why una no de get sense? others embezzled states fund and u still wan to blame someone that invested his state fund? tueeehh... Tinubu while leaving office had a total domestic debt of #530 billion naira, he also had a foreign debt of $143 million dollars that he borrowed from African development bank. What did he do with all that money? yet u people still said that he generated billions everyday for lagos state government. Please, how did Tinubu suddenly became so rich after being a lgovernor for 8years? if u cant get an answer to that, then u are just a wasted space.

I wouldn't have responded to you desident but let me put the record straight for you.
1. The money Tinubu borrowed according to your written statement here if true at least we can obviously see the tangible developmental result in Lagos of today. If you don't know the development in Lagos pls take a motor from you Enugu or I and come and check Lagos or listen to olamide's songs. If I carry you come Lagos my guy, you go love Lagos.

2. If okonjo ask you guys to save money ey is it only your governors that save the money. Why then is it thier own savings that's generating issues and complains??

3 Tinubu did not start his life in politics. He only delved into politics after fulfilling his destiny in private sector, if you want to know more about it, Google: Asiwaju Bola Ahmed Tinubu. He was already a made man before becoming a governor.

Lastly if you really want to know what bola Ahmed did with money ask your flat head colleagues who are in Lagos.

casualobserver:


Nobody said he stole. I will argue against anyone who says Obi is a thief. The problem with Obi is that he lies effortlessly. EFCc is not going to investigate anyone for dubious handover notes.

Atiku and Tinubu are shifty we know this. The problem is Peter Obi and his supporters are touting him as a man who is clean when in fact the whole Peter Obi phenomenon is based on lies, half truth and the manipulation of gullible desperate supporters clinging for anyone who is different but not discerning enough to navigate the BS. I was a Peter OBi disciple myself when he came to prominence on the platform, then I started to examine him closely he started to unravel. His biggest problem is he enjoys the limelight and he talks too much. So the more he talks the more he unravels because there is nothing underneath the rhetoric. The more he talks the more he lies for no reason because he has no track record to back the persona and hype he has created for himself.

Atiku and Tinubu are crooks true. but they will accomplish more than Peter Obi. Peter Obi has no meaningful record in government. Again it is because he has nothing to show for his time in office that he resorts to lies.

Sorry I have verified and those statements were made in 2018 and were true. The issue of the debt was cleared online. Maybe you should listen to him objectively and his defense of all accusations. Even the Pandora stuff, he came out publicly to explain what happened. I don't see any half truth.

He built roads, Universities and education went up in Anambra. Except you are just biased, he did more than even Fashola considering their resources

Golan007:
Is this the 100 billion you claimed?

Wrong thread dear

Sholaco:
Peter obi can not win presidential election in Nigeria. Ipob/ESN make una register PVC very well

Your wish not the wish of the people.
You bags of rice and money will fail you because they are chains of slavery

Vaughanlanrewaj:
Over 5 years!! Please what interest is this? Paltry

Did you read? It is actually 10 years. But if you do not read, you will not understand. Now go back and read

Ikem11:


Well that's how daft you are . So the current price of drink from 2014 to 2022 is same price? Investors didn't make any gain?

Lol, people resort to insults when they have nothing left to say.

Anyone following the argument knows who the daft one is. My last response to you.

salesbloo:


No more $20 million to $100m


you guys are too dull....

Passing this post

TheOgaBoss:
so in ur idiotic mind investment is not a tangible thing?

but your own former governor investments fail. So in your case a failure is not a good or tangible things.

agabaI23:
Did you read? It is actually 10 years. But if you do not read, you will not understand. Now go back and read

In maths and simple arithmetric,10 is over 5 and approximately 10.
It is to give allowance that the absolute date quoted there may as well be an approximation.

agabaI23:
Dear Seun,
I am one the old members left here. 2007 set.

Send this post to front page because it deserves it.

Don't make it too obvious that you support Tinubu.

Give others same coverage or at least some. You have 2 items on this issue on frontage against Peter.

There is a counter. Post it too.

It is the norm on NL

I love this on your profile

You sef like quarrel pass food

Freethinker87:


You're wrong

Anambra's 4.7% stake is worth N7.32B. Respectfully, I'll like to know how you arrived at your figure.

I based my calculation on the information I got from the scandalous publication which they claimed came from the commissioner of finance.
See my attached spreadsheet for how I got my figures and for the source of my data ---https://www.nairaland.com/7189779/peter-obis-12.24m-investment-breweries#114025775

I need a feedback too with evidence because I want you to be right please

arantess:

Hmmm, yamayama reasoning

You should weep that buhari has destroyed the economy

If it affected Anambra on a large scale, imagine what happens to small business

Then again you obviously are not a business man because you are collecting your BMC 25k, so no wahala for you

Go and ask business men in Nigeria how theire investment are doing, then weep for your foolishness and children at home if any

apart from private individual, we are talking about state investments. Is that the same way it's affecting Lagos State, Rivers State, Ogun state, Oyo state, kano state, akwa ibom state that they are generating big IGR for thier state. And mind you obasanjo withheld Lagos government funds for any years yet tinubu forged ahead and made it without federal government input for good 9years. Shame on you.

RichDad1:
Investor Waya Waya
Low budget, Made in China warren buffet

Tinubu is draining lagos of its revenues and u are here insulting sm1 who added profits to his state??

Even when he speaks, you'll see a great leader in him, kudos Peter Obi!.

shigishege:
oga who ask him to dey keep money anyhow without utilising them on tangible things. Na so him mate they do?? Lagos governors for they keep development money without using them for development una for dey run come Lagos in batches today?

The article said invested. Not keep.

Let me help you with a sentence so you can see the difference. The money your parents invested your education should have been kept in a piggy bank.

Can you spot the difference

Afamed:
Obi in the video interview, he said he invested over $20m and the $20m worth over $100m. I really don't know why these idiots love to defend this Pandora thief at every giving opportunity.

My take:
1) Obi claim of over $20m investment: False.
Evidence shows he invested $12.24 thereabouts
2) Obi claims the current worth is $100m now
Evidence shows the current value is $5.38


Conclusion: Obi is a serial habitual liar.
Who tries at every time to impress people with fake information/ data

Watch the video below where Obi claimed he invested $20m instead of $12.24m. Where the Pandora thief also claimed the value now is $100m but record showed it's $5.38
I really don't know why these Pandora fraud wants to force the lies on others

https://www.facebook.com/100012374645375/posts/pfbid0hZ2Re9MAn2fJLBY2WWREqVqwDcXYfrvqtj58n4vPSmha36gP1im3tZ2irb5QBnT2l/?sfnsn=scwspwa

Oga he made that statement in 2018 and the value then was close to $98M go and verify and stop being smart by half

chatinent:
Am I the only one not even thinking about any politician? Like no time?

Then you are not wise except you don't stay in Nigeria, because whoever becomes your leader through election would affect your finances, one way or he other.

Investor Obi

Ifaremi:
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Why always posting this rubbish nobody cares about?

Abeg this is news platform not for business..

Go open shop jari

casualobserver:


The point is that Peter Obi claimed the investment was now worth $100m. That’s a bare face lie like all things Peter Obi. He also lies that Anambra was the largest shareholder when it only owned 10% of Interfact breweries and consequently 4.7% of international breweries post consolidation. Peter Obi is a man who lies effortlessly at will.

You can watch the video here

https://twitter.com/deeoneayekooto/status/1539354902840889346?s=21&t=XGmeR98dIp4PNmS7HT2OQg

Who do you prefer? Sell your candidate to me.

shigishege:
oga who ask him to dey keep money anyhow without utilising them on tangible things. Na so him mate they do?? Lagos governors for they keep development money without using them for development una for dey run come Lagos in batches today?

Can you tell me why lagos is the centre for economic development in nigeria? Just give me a simple answer

rigarmortis:


The article said invested. Not keep.

Let me help you with a sentence so you can see the difference. The money your parents invested your education should have been kept in a piggy bank.

Can you spot the difference

though I love that your twisting figurative expression/sentence. But as it is, my parent are proud of the money they spent on my education. If not Yaminrins for they tell us blue na black

I strongly believe that it is a great investment. A stride above embezzled funds. He endeavored in a volatile market and that is better than looting. It is called investment and every success story can resonate with that. Tinubu looted the national coffer in broad daylight with hundred of onlookers witnessing the historic bullion vans moving the national (every single Nigerian's) money into his PRIVATE residence. The impunity. There is no theft bigger than that recorded by a non-elected civilian.
Anything away from this chain of unscrupulous grandees is welcome. The people are revolting already. They need a fresh face and something away from the corrupt system.

I see no reason why a sane human being would support Tinubu if not for either selfish or tribal reasons. A man with a throng of villainous mobs on his pay list. What can he every achieve? He believes in the same old autocratic godfatherism system. Enough! That system is hurting. The entire country is sinking already.

Time to get off that horse and try something new.

Seun:
Peter Obi's supporters had claimed that his investment grew in dollar value, so that justifies debunking the claim based on the dollar value. However, there is value in continuing the debate so there's no reason why we shouldn't feature this thread also. It still doesn't look like a great investment to me though.

agabaI23:
I based my calculation on the information I got from the scandalous publication which they claimed came from the commissioner of finance.
See my attached spreadsheet for how I got my figures and for the source of my data ---https://www.nairaland.com/7189779/peter-obis-12.24m-investment-breweries#114025775

I need a feedback too with evidence because I want you to be right please

Anambra Invested N1,955,535,247.00 for a 10% stake in SABMiller in 2012. SABMiller is a subsidiary of AB Inbev. In 2017, AB Invec decided to consolidate its stake by merging SABMiller, Intafact Beverages Limited and Pabod Breweries to create a new subsidiary in Nigeria called International Breweries PLC. This merger increased the value of INTBREW greatly, however, diluted Anambra's shares to 4.7% making her the 2nd largest single investor in INTBREW. Anambra was 1st largest single investor in SABMiller.

As of this moment, the market cap of INTBREW is N151.771B.

N151.771B x 0.047 = N7.32B

I challenge anyone to prove otherwise.

ogatboy:


Sorry I have verified and those statements were made in 2018 and were true. The issue of the debt was cleared online. Maybe you should listen to him objectively and his defense of all accusations. Even the Pandora stuff, he came out publicly to explain what happened. I don't see any half truth.

He built roads, Universities and education went up in Anambra. Except you are just biased, he did more than even Fashola considering their resources

I am not disputing that he left 75b in cash and investments. The point of contention is that he conveniently and deliberately failed to mention that there were outstanding contract liabilities worth 185 billion. That is not how you prepare a handover note which is effectively a balance sheet. Please ask any accountant. You don’t state the cash you have without stating the your liabilities even if they are not due today. You don’t prepare a balance sheet and say as at today June 22, I have no payments due, so I won’t include the money I owe ogatboy on my balance sheet because I am not due to pay him until he asks, thats false accounting. Or else every outgoing administration can just borrow huge sums from a bank, list it as cash and not reveal the repayments due on that loan because no repayment is due on that particular date.

The argument that the payments on the contracts we’re not due is a mischevious argument. Many of the bonds and cash investments have a maturity date in the future and cannot be accessed on the handover date….so why state those? Why state money you will get in 3,4,5 years but don’t state liabilities that may be due anytime a contractor presents a bill of payment? Handover notes are like a balance sheet. A snapshot of affairs at a point in time. Failing to include liabilities from contracts entered into is either a display of incompetence or manipulation aka accounting fraud.


I was just presented facts on Peter Obi’s claims on $100m. I verified and found it to be true and I had no problem in admiting I was wrong. I deal in facts. The problem with many Obi supporters is they deny facts. If you present facts I will readily shift my position as I have already displayed but as someone who works in finance, I know I am right on this.