Throwback:


By why the outlandish claim that $20m is now $100m in value?

That is a straightforward lie.

No, it's true. That interview was from 2018 and INTBREW shares were trading at N58.69 per share, 11X what it is worth today and Anambra's stake was valued at over $98M at N300/$ exchange rate.

It's not Obi's fault that Buharinomics destroyed the economy.

michlins:
you are not a business owner if not you should have known how important it is to have an investment. Until we have an administrator who understands the need to make money for the government without depending on crude oil and taxes,we will keep searching for revenue source.

Let me tell you something about that brewery,no matter how bad Nigeria becomes, that investment will keep spinning money because we don't stop drinking alcohol. Just imagine if any state government was able to invest in MTN when they were new in this country.

Even this present government bought 20% stake in Dangote refinery even though it is yet to be completed and we don't have our own refinary as a country. So what are you talking about?

Ask him how much Buhari has borrowed because he has no investment sense.

IduNaOba:
E no go reach front page.
Watch and see

This is Tinubu campaign platform....we all know

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?

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

If you invest your child to be a footballer after 4 seasons , he got injured and never played again, is it your fault? At least you made any effort

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

First he did not make the claim that $20 million was now $100 million, the statement was attributed to Soludo which he debunked. It could have been one of his supporters or even an opposition. When campaign starts, we will scrutinize everyone. I hope Atiku and Tinubu would be able to defend their wealth and time in government.

agabaI23:

Witch go chop breakfast oo
I go go twitter drag Seun

you don win oh! witch done chop breakfast taaaah!!! Three posah 4 u oya! Posah! Posah!!posah!!! Confirm correct bobo drinks on my bill jor

Lying Peter Obi-tuary will not even win a single local government not to talk of a state.

Itsrm:


He actually lost a lot of money. There's something called inflation. The 2.24b is far more useless compared to the 1.96b he invested.

You're talking trash!
Is he the reason why Nigeria's economy nosedived so much?
For him to even make a profit of over 200m amidst heavy dip in naira value, just goes to show how much of a brilliant investment it actually was.

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

how u go think,if to say u comout dey stranded for bustop because transport fair has gone 50% high cos high price of fuel and agberos,u go look for politicians who cause it to pour ur fustration on

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.

I have always known you and your mods to be very biased, it's not a great investment because it's Peter Obi and not Tinubu, they don bash you commot from Twitter where you were twitting rubbish thinking it's your nairaland, what investment did tinubu made while incharge of Lagos state, rather than signing bills that will continue to put Lagos money into his personal pocket, stealing Lagos money with alpha beta, tribalistic and religious bigots

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.

I think you've actually bent too far backwards here in your attempt to be "fair" to the Obi worshippers, by letting this empty shell of a "debunking" reach the first page. The OP's write-up in no way "debunks" the original claim by Obi, which is that a USD $5 million investment of public money he made was now worth USD $100 million - a claim in which the exchange value of the Naira plays absolutely no role whatsoever.

It would be one thing if Obi hadn't said anything in the first place, and people just started attacking him out of the blue, but that isn't what happened: he chose to make the claim about turning USD $5 million into USD $100 million, a claim he must have known to be a lie. Obi made the claim anyway, safe in the knowledge that his uncritical followers would magnify it ad nauseum on social media, without once stopping to ask themselves what the evidence behind it was. Peter Obi is a liar and (at best) a tax-dodging law-breaker who was exposed by the Pandora Papers investigation, and no amount of noise-making or threats by those pushing lies on his behalf online will succeed in repacking this politician without core principles or even a policy platform close to smelling Aso Rock.

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.

That was from a quote in an interview by Peter Obi in 2018. The market price was around 20 - 30 naira per share I think, dollar rate was low too then. The claim was actually correct as at that moment. Some people are just trying to be clever and manipulative with this by trending an old quote, then debunk the claims and make his campaign look stupid.

[/b]

ogatboy:


First he did not make the claim that $20 million was now $100 million, the statement was attributed to Soludo which he debunked. It could have been one of his supporters or even an opposition. When campaign starts, we will scrutinize everyone. I hope Atiku and Tinubu would be able to defend their wealth and time in government.

Watch the video, it is there in the link:

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

[b]“I invested in it over twenty something million dollars, it is worth over one hundred today, that’s what government should do”.

From the horses mouth. Watch the video and Argue with yourself

Most of the people here condemning Obi has never led anything in their life. Nothing, not even cell leader in their church.

At least we have someone who made an investment that is still existing today and offering jobs to people.

We all know that the naira is useless now. Thanks to Buharinomics and his team APC dullards.

If I remember the lies enveloped in promises Tinubu made in 2015 when campaigning for Buhari, I laugh so much. I can't wait to hear the lies he want to tell now...

Wishing all the contestants sucess in the forthcoming presidential election..

NaughtyBrainiac:
Why una dey give una sef headache

I love the way you guys are seriously campaigning for Peter Obi on Social Media.

It will make Tinubu's presidency easier.

You guys should just ensure you don't allow PDP have too many votes in SS and SE. Help Tinubu and APC ruin PDPs chance in 2 zones that should ordinarily be PDPs stronghold.

Tinubu knows how to deliver Southwest

Northern APC Governors know how to pull the numbers needed in the North for Tinubu.

And the Election is over!

God bless me and You.

God bless Asiwaju the next President of the Federal Republic of Nigeria.

God bless Nigeria.

Copy and paste propaganda joke of the century

agabaI23:
Peter Obi Invested N1.96 billion and the value now is N2.24 billion (Picture)

Response to “Peter Obi's $12.24 m Investment In Breweries Now Worth

I read through the article titled “Peter Obi's $12.24m Investment In Breweries Now Worth $5.38m” and I saw a desperate attempt to find something negative on Peter Obi’s past. The writer obviously did not think through the implication of his deceptive title. Because there is no tangible thing to use again Peter, he had to exploit the outcome of fiscal policy and economic failure of Buhari’s administration to craft a title that the BMC crew will feast on. Obviously the BMC crew do not have the mind of their own and cannot think for themselves. Otherwise they would have understood the implication of the intellectual yahoo-yahoo displayed by the author of that article.

To put the record straight, N1.96 billion was invested and N2.24B (CBN) or (N3.28B) black market is the value today. There was no loss whichever way you want to look at it. it is disingenuous to report the values in dollars while you talk about Tinubu’s forced investment in Naira. ( https://technext.ng/2022/06/02/did-bola-tinubu-bring-econet-nigeria-2001/)
In fact, you have to praise Peter for investing a company that did not go bankrupt under Buhari’s administration.

Dangote, the richest man in Africa had a net worth of $7bn as at April, 2016 as against $25bn he was worth in 2014. (https://nairametrics.com/2020/04/16/aliko-dangote-and-his-slide-from-25-billion-to-7-billion/). That was an $18bn or 72% loss incurred under Buhari’s body language induced recession. Tinubu told us he single-handedly made Buhari Nigeria’s president. Even now, with Federal governments push such as selective opening of the land bother to allow him export his products, Dangote is yet recover. His current Net is still $14.2 billion.

Going by Dangote’s experience, we now know that the company lost at least 72% of its equity value. Because we do not know the profit made as at 2014, we shall work with the investment capital which was $12.24 million. Assuming there was no growth, losing 72% means $8.81 million was lost. So as at April, 2016, the value of the investment was $3.43 million. This company has without any government’s incentive grown the $3.43 million by $1.95 million to get $5.38 million. That is 36% growth in 6 years under Buhari’s hash economy. That tells you that Peter is an investor and wealth creator.

The writer of the article actually shot Buhari and Tinubu(Buhari’s Godfather) on the back because he just highlighted the damage Buhari has done to our economy.

Thanks sir, for making the clarification, the writer is mischief,who wanted run Peter Peter Obi down . Common sense dictate that for a company that is productive a d functional his allusion did not hold water.

omohayek:

I think you've actually bent too far backwards here in your attempt to be "fair" to the Obi worshippers, by letting this empty shell of a "debunking" reach the first page. The OP's write-up in no way "debunks" the original claim by Obi, which is that a USD $5 million investment of public money he made was now worth USD $100 million - a claim in which the exchange value of the Naira plays absolutely no role whatsoever.

It would be one thing if Obi hadn't said anything in the first place, and people just started attacking him out of the blue, but that isn't what happened: he chose to make the claim about turning USD $5 million into USD $100 million, a claim he must have known to be a lie. Obi made the claim anyway, safe in the knowledge that his uncritical followers would magnify it ad nauseum on social media, without once stopping to ask themselves what the evidence behind it was. Peter Obi is a liar and (at best) a tax-dodging law-breaker who was exposed by the Pandora Papers investigation, and no amount of noise-making or threats by those pushing lies on his behalf online will succeed in repacking this politician without core principles or even a policy platform close to smelling Aso Rock.

You are bitter, even when the claims about the investment was flying around no body said anything about $5m to $100m, it was claimed to be $20m to $100m. Go and do your research when he made that interview. That was 2018. You can borrow this explanation I gave to Seun....

That was from a quote in an interview by Peter Obi in 2018. The market price was around 20 - 30 naira per share I think, dollar rate was low too then. The claim was actually correct as at that moment. Some people are just trying to be clever and manipulative with this by trending an old quote, then debunk the claims and make his campaign look stupid.

Maverick777:

You're talking trash!
Is he the reason why Nigeria's economy nosedived so much?
For him to even make a profit of over 200m amidst heavy dip in naira value, just goes to show how much of a brilliant investment it actually was.

He didn't make money dumbass. Its common sense to adjust the present value of the money by inflation.

Will 2.24bn buy what 1.96bn would have bought when he invested? There you have your answer.

But you have to remember Obi invested Anambra's money in the companies he has interests or share in,
He invested in Fidelity where he was the chairman, invested in NEXT where he has interest.
All the investments is because he has share in them, another fraudulent way to milk you lots �

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.

It's a terrible investment when you adjust for inflation.

Bacteriologist:
Hahaha isn't ot even funny that were talking about a Nigerian governor making investments and the value of the investments?

99% of apc and PDP governors have bribery, corruption, and embezzlement charges filed against them. But the worst tinubu and Atiku supporters could do is to bring up an underperfroming investment from Obi.

The bar is so high lmao.

Tinubu urchins hide your empty heads in shame. Obi is coming!!

They keep comparing lagos to anambra everyday.
Lagos was the capital of Nigeria for over 30 years and stopped being a capital the same year anambra was formed.
Lagos state had a lot of funds from federal allocation, compared with the fact that lagos is a seaport site which is an ideal location for development.
They still open their silly mouths to compare lagos to anambra, and there isn't even much difference between both states.
Peter obi did exceptional work in anambra state, compared to tinubu with his less than mediocre portfolio in lagos.
If e sure for them, they should compare lagos to cities like Johannesburg, Kigali, Cairo etc.
Lagos is a slum compared to these cities and these tinubu followers should be ashamed of themselves.

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

only Biafra region will vote for stingy man. South West and the Northern parts candidates are by far superior to him.
the only chance for him is to accept Kwankwaso VP slot that will suit him better.
pls ask every one why Ojukwu the father of Peter Obi never never make it pass Biafra region with your votes and support

Itsrm:


He actually lost a lot of money. There's something called inflation. The 2.24b is far more useless compared to the 1.96b he invested.

LoL you still don't get the point do you? Who caused the inflation? The man's investment is doing so well.

Apc/ buhari government killed the local currency causing "inflation". If only you can bend down and read what @op pointed out maybe you might have little understanding how economics works .

But no you people only jump to figures and read headlines.

Us dollar is steady ....naira should be if not the bad mismanagement of the government. Reverse the naira to dollar as at 2014 then redo your math again....obi's should worth $100m he said

agabaI23:
Peter Obi Invested N1.96 billion and the value now is N2.24 billion (Picture)

Response to “Peter Obi's $12.24 m Investment In Breweries Now Worth $5.38 m
https://www.nairaland.com/7189779/peter-obis-12.24m-investment-breweries#114025775

I read through the article titled “Peter Obi's $12.24m Investment In Breweries Now Worth $5.38m” and I saw a desperate attempt to find something negative on Peter Obi’s past. The writer obviously did not think through the implication of his deceptive title. Because there is no tangible thing to use again Peter, he had to exploit the outcome of fiscal policy and economic failure of Buhari’s administration to craft a title that the BMC crew will feast on. Obviously the BMC crew do not have the mind of their own and cannot think for themselves. Otherwise they would have understood the implication of the intellectual yahoo-yahoo displayed by the author of that article.

To put the record straight, N1.96 billion was invested and N2.24B (CBN) or (N3.28B) black market is the value today. There was no loss whichever way you want to look at it. it is disingenuous to report the values in dollars while you talk about Tinubu’s forced investment in Naira. ( https://technext.ng/2022/06/02/did-bola-tinubu-bring-econet-nigeria-2001/)
In fact, you have to praise Peter for investing a company that did not go bankrupt under Buhari’s administration.

Dangote, the richest man in Africa had a net worth of $7bn as at April, 2016 as against $25bn he was worth in 2014. (https://nairametrics.com/2020/04/16/aliko-dangote-and-his-slide-from-25-billion-to-7-billion/). That was an $18bn or 72% loss incurred under Buhari’s body language induced recession. Tinubu told us he single-handedly made Buhari Nigeria’s president. Even now, with Federal governments push such as selective opening of the land bother to allow him export his products, Dangote is yet recover. His current Net is still $14.2 billion.

Going by Dangote’s experience, we now know that the company lost at least 72% of its equity value. Because we do not know the profit made as at 2014, we shall work with the investment capital which was $12.24 million. Assuming there was no growth, losing 72% means $8.81 million was lost. So as at April, 2016, the value of the investment was $3.43 million. This company has without any government’s incentive grown the $3.43 million by $1.95 million to get $5.38 million. That is 36% growth in 6 years under Buhari’s hash economy. That tells you that Peter is an investor and wealth creator.

The writer of the article actually shot Buhari and Tinubu(Buhari’s Godfather) on the back because he just highlighted the damage Buhari has done to our economy.

so he really invested,shame to bad balle people, I'm Obident already

We all know that they are looking for a way to blackmail him... Atiku, Sowore, Tinubu, Reno Omokri, why are they after this man? so they dont want us to have a good person as president? corruption is indeed fighting back. I pity people that will come and vote for Tinubu or Atiku.. una suffering still de do warm up. u want to vote somebody that will spend next 4 years complaining about Buhari Government. They should tell us what Tinubu invested the Billions of Naira and Millions of dollars he borrowed on.. where is the money?

QueenOfTheCoast:
ohh my beautiful Seun
leave twitter let's be engaging ourselves here.

from your wife Queen of the coast

Achalugo with numerous monikers

casualobserver:
[/b]

Watch the video, it is there in the link:

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

[b]“I invested in it over twenty something million dollars, it is worth over one hundred today, that’s what government should do”.

From the horses mouth. Watch the video and Argue with yourself

Thought you were clever? Check the date of the interview, check the price of the shares, then check the dollar rate. After that, check how much shares Obiano administration sold to finance their spendings. Make una get sense.