FKO81:


Intafact Beverages Limited
INTAFACT BEVERAGES LIMITED
Industry Brewing
Predecessor Intafact Properties
Founded Onitsha, Nigeria
Headquarters Onitsha , Anambra State,
Nigeria
Number of
locations
1 Brewery (Onitsha)
Products Brewing of Beer and Non-
alcoholic Malt drinks
In 2014 a decision was made to invest US
$110 million to increase the current annual
capacity from 700 000 to 2.1 million
hectolitres. The capacity upgrade is due to be
completed in 2015.
Brands
The brewery produces brands including
Hero Lager
Castle Milk Stout (6%ABV)
Grand Malt (non-alcoholic)
Beta Malt (non-alcoholic)
Ownership Controversy
2013
A controversy arose in August 2013 about the
issue of shares to Next International a
company owned by the Anambra state
governor Peter Obi. [2] It is also reported that
he invested 2 billion Naira of the state money
for a 10% stake in the brewery.

https://newafricanpress.com/2014/01/24/sabmiller-invests-more-n20billion-in-anambra-state/

www.premiumtimesng.com/news/98281-anambra-governor-peter-obi-in-brewery-ownership-scandal.html

https://www.vanguardngr.com/2012/08/former-rep-asks-obi-to-resign-over-brewery-ownership/

https://www.vanguardngr.com/2013/04/governor-obi-sued-over-alleged-diversion-of-n5bn-state-fund/

He invested state money. That means Anambra state owns the shares not Peter Obi. And you have NOT provided proof to show that Peter Obi owns those shares. Where is the proof that Next International is owned by Obi?

ademoladeji:


Yes of course.

Are you an insider in beer industry? You know in Nigeria, NB still control the market share

MeinKampf:


Are you an insider in beer industry? You know in Nigeria, NB still control the market share

I once worked @ IBPlc as a consultant