Freethinker87:


Let me explain this investment to you. I'm hoping that you're actually curious to learn and not to score online brownie points.

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 share to 4.7% making her the 2ndsingle investor in INTBREW.

At the time of the $100M article, INTBREW was trading at N58.69 per share, so Anambra's 4.7% stake was worth around N29.64B. Assuming that the USD/NGN exchange was N300 at the time, then Anambra's stake would be worth a little over $98M.

It's really not Peter Obi's fault that Buhari collapsed Nigeria's economy. Every business is suffering right now.

tempest01:
Una use 155 naira to dollar calculate the investment, come use 415 take convert am back.

sekundosekundo:


Obi and Tinubu are not mate in economics, anytime any day Obi is ahead.

PHIPEX:
Stop lieing, Anambra has the lowest poverty rate in NIGERIA today

Moh247:


Oya give us a scenerio of such multiple taxation in Lagos

Remember Alpha Beta doesn't make tax laws or set tax amount, their own is simply to collect and remit to Alausa

So what multiple taxation exist in Lagos

hush15:


Thank you. A very good and obvious example is the TV and radio license. After we paid for vehicle license, why pay for radio again? The vehicle comes with it hence why pay separately when its attached to the vehicle?

After paying radio and license tax while paying for vehicle license, if you run a shop, you still pay for it again irrespective of the one you paid during vehicle license

Moh247:


That is totally inexcusable multiple taxation which Lagos State Assembly must look into

Magnoliaa:


Oho. So you knew this before flying off the handle. Do well to keep this in mind next time. Now clear off from my Mentions.

Pakute:
Your choice to be dumb and remain so. You can't seem to read in between the line.

livinbygrace:
I have come to realized that there are millions of Muguns/Mumus in this country and that’s why politicians are just taking us for granted.All these”I have one shoe,enter economy flight,don’t waste money are all formats.
The Saint OBI claimed he invested $20m and that as at today has gained interests to $100m ,how come the state government is contradicting that statement?Nigerians, shine your eyes and make God not let us miss Buhari

Timmi:


So it’s Bihari’s fault that Naira have to adjust to at least reflect market trends and not been subsidize. Sense is no longer common for some people.

IduNaOba:
They are saying the 1.9b is up by at least another 500million naira
Is this not profit??

That 2.4b is now 5m usd is not PO's fault nah
Na him devalue naira?
Na him dey use buharinomics spoil things?
Make una blame APC abeg

hush15:


There are others too. Even the Land Use Chare must be reviewed but the question is

Who is Lagos State assembly, who is alpha beta? Assembly that is filled with their sons and daughters, friends and concubines!

onosbaba3310:
$12.24 million at 2014's official exchange rate is ₦1.897 billion. $5.38 million at 2022's official exchange rate is ₦2.233 billion.

SAB Miller generates its revenue in naira, so it has actually been profitable. The problem is the naira has lost 33% of its value.

kayperry:




Companies are folding up not becos of bad investment, buh rather as a result of high cost of operation, incessant extortions and bad policies. people are relocating to ghana becos of stable power supply, the investment is not bad buh the cost of running it in ghana is more feasible than remain here.
Govt policies are bad, buh still on still telecomms, dstv, and even shoprite are recording massive profit every year ... so the major factor here is choice bad or good.
investment is a prediction base in what the investor envisioned. good or bad investment sums it up

Magnoliaa:


Satisfactorily.

Now again, stop crying in my Mentions; mucus doesn't look good on your face.

livinbygrace:
I have come to realized that there are millions of Muguns/Mumus in this country and that’s why politicians are just taking us for granted.All these”I have one shoe,enter economy flight,don’t waste money are all formats.
The Saint OBI claimed he invested $20m and that as at today has gained interests to $100m ,how come the state government is contradicting that statement?Nigerians, shine your eyes and make God not let us miss Buhari

Pipefitter:
This same thing was posted yesterday as an investigation from Thecable.

https://www.nairaland.com/7189779/peter-obis-12.24m-investment-breweries

I don't know how Anambra commissioner pulled something online and signed it.
First I think we should verify the source of the news, now let's assume it's authentic, a lot of people who read that will fail to understand that the investment made profit considerably, excluding the dividends the must have gotten over the years, the value of the shares has grown from 1.9B to about 2.2B.

Get it, the investment was made in naira, now the exchange rate of dollar made it less than the invested amount, who do you blame for that? Who's accountable for a country's economy?

Pakute:
If trolling is all you could than learn in politics section, you better stick your gossip ass in romance section where your brain is always at its finest.

Abi werey leleyi? Abi, ke? No. You're mad. There is no doubt about it.

You come into my mention, hurling insults at me and you're saying I am trolling.

I am a gossip ass, yet you know me reach romance section and even how well I comment. Eskiss sir, ori yin ti gbale. E be like say you smoke skunk before logging into NL this morning abi? I won't be surprised. That's what your paymasters have rendered your life- drugs and hooliganism. Laaro kutukutu.

It's not too late for you sha. SUPPORT PETER OBI today and turn your life around for good.

jaxxy:
Still better than tinubu 10times

sekundosekundo:


Sorry you know nothing about investment for you to mention Telecoms, DStv and ShopRite. What Obi did was never a bad investment but your government policies are to be blamed. The only investment your government policies don't affect nagatively is land and property investment.

Golan007:
Obi too lie.

Freethinker87:
Let's dive right into the facts.

* Peter Obi invested N1,955,535,247.00 in SABMiller, now INTBREW (In Naira, not USD)
* Anambra currently owns 4.7% of International Breweries.
* As of 6AM, 22/06/2022 INTBREW is valued at N155.771B
* Anambra's 4.7% stake is currently valued at N7.32B (Not N2.3B)
* Anambra's stake in INTBREW is up by 374%

...but somehow the political science and mass comm graduates at TheCableNG want me to believe that Anambra took a heavy loss from this investment. So if I bought a piece of land for N500,000 in 2012 and sold it for N1.87M in 2022, I'm trading at a loss.

It's not Obi's fault that Buharinomics crashed the Naira. Hold APC responsible for that.