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'm 2008 set, then nairaland was filled with brilliant minds before tribalists and zazuu boys take over.
Where are these guys clemencykul, dayokanu, olawalebabs, jakumo, babyosisi, mukina2, billionaire, yuzedo, etc?

He only invested in companies he has interest and shares in
Like NEXT where he has interest, Fidelity where he was the chairman and others where he has interest and shares in.
Another fraudulent way of milking Anambra's money by blinding you lots

Afamed:


Achalugo with numerous monikers

Confused soul you mean?

bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing.

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

Okay then he got his facts wrong. I will verify when this statement was made because if it was in 2018 as people are claiming then he was very right because the price was almost $100 million.
For now I will say he gaffed until I verify when the video was recorded

Itsrm:


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.

Read my second paragraph again and ponder on it, don't let sentiment becloud your sense of reasoning..
I wouldn't engage you further.

Uniportadmision:


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.

Don't mind those fools. They messed the currency up and they blaming investors for it. How foolish and useless some Nigerians are

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?

bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing.

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

Oh boy, I just watched the video, obi can lie for Africa

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.

You obviously are not that literate and those 'praising this post sha are prime examples of why this country is not moving forward... people focus on irrelevant things.

The post i read earlier countered a purported story that Peter Obi stated during an interview on Arise TV in 2018 that a $20m investment in the referenced brewery is now worth $100m.

Even I was wondering how an investment could have such meteoritical rise in value over 4 years considering the economic climate during the period. If indeed that story that PO stated this is true then he needs to provide further clarity doesn't he?

And other state governments routinely invest in projects and strategic businesses. Government's also provide counterpart funding in projects - even this government- so nothing special about what Mr. Obi is saying.

What was special was the thought of an investment return of $80m - but alas true to the saying... if it sounds too good to be true ...it usually is.

Anyway good luck to you lots focusing on the past and not the present and future.

Uniportadmision:

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.

Why should I be "bitter", when I know that Obi's candidacy has about as much chance of succeeding as Nnamdi Kanu's fantasies about going to Abuja to remove "Jubril Al Sudani"? Your attempt at rebuttal is as unconvincing as the OP's: whether it's $5 to $100 million or $20 to $100 million, the reality is that the current financial value of the investment is wildly different from that, and even if the claim had been true for some few days in 2018, it's being used to campaign for Obi in 2022 - and is therefore a falsehood intended to mislead about Peter Obi's supposed investment wisdom.

If Obi were really the investment genius you and his other supporters wish to make him out to be, he'd have been publicly pushing for the incumbent Anambra government to cash out the investment before the shares went into freefall, but instead he chose to boast about their value at the time, as if he thought the share price would always stay that way (or he imagined no one would ever ask him in future about his past boasting). It's no sign of brilliance to have an investment that peaks at some stratospheric value for a few days and then comes crashing down, as all the cryptocurrency fanatics are currently learning the hard way.

The bottom line with Obi is that his candidacy is largely substance-free hot air, being pushed by aggressive lying and threat-making. Obi offers no concrete policies that set him apart from Atiku and Tinubu, and he is at least as compromised by corruption as Atiku and Tinubu (who, like the Obi fanatics say of their god, has never been arrested by the EFCC or convicted by the Nigerian courts). The only genuine selling point I see for Obi is the one his supporters are least ready to admit to (at least while they aren't attacking "Afonjas", "Yoruba Muslims", "Foolanis", etc.) - he happens to be the only Igbo man currently running for the presidency. That's it, the rest is all dishonest puffery.

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?

honourable,my question is versus simple,I’d Peter going to rule for 16 years?he ruled his state for 8 years,what is the living like conditions of a common man in that state?Did he increase minimum wage in his state in those 8 years?remember Fashina ruled Lagos perfectly but bleeped up when he was minister for electricity!!!if you can’t turn a state around,what do u do with a country?

tycoolest:
bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing.

Check dollar to naira rate from 2008 to 2014 then Check the rate which the dollar gained from 2014 to 2022 you will start having sense ...

Check the rate of obi's investment gain from 2014 to 2022 . The investment is doing so well but local currency keep inflating at a high rate .

So because of that dangote should close his investments and stop building refinery? Think about that for a moment

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?

All these children that have not even counted half a million won't let us rest with their useless analysis.

Ikem11:


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

Go and read before you engage me. The US experiences inflation. Maybe the APC/Buhari also killed the dollar

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?

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.

Itsrm:


Go and read before you engage me. The US experiences inflation. Maybe the APC/Buhari also killed the dollar

Inflation at what rate? All currency suffer same but current administration murdered it at a fast pace

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.

Omo! See super analysis. Weldone bro

One clown even suggested that Mr Obi should be arrested for theft by EFCC cos of the drop in value of the investment.

Ignorance on steroids!

Ikem11:


Don't mind those fools. They messed the currency up and they blaming investors for it. How foolish and useless some Nigerians are

What most don't know or remember is that, the Obiano administration actually cashed out from that investment when the price was still decent. Agenda most agend. These days coming to nairaland makes me sick! The uneducated or illeducated (if I can use such a term) trolls are just too many. They spam the threads and topics with no meaningful arguments, they just talk aimlessly. Seun himself surprises me to be honest.

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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.

You are wasting your time if you think Tinubu will get a meaningful vote in the north where you have a strong opponent Atiku and Kwa, again the Lagos vote will be divided. Obi already have south south and southeast. He just needs to get more vote from other zone not 100% but atleast 30%. It is only a criminal that will support Tinubu

tycoolest:
bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing.

Maybe your parents shouldn't have sent you to school considering your bad educational system?

In investment, risk is the game and if you can't take the risk forget it. Obi took the risk as an investor and should be appreciated.
If you're waiting for your economy to be top-notch before you invest, you won't go far in life.

ogatboy:


Okay then he got his facts wrong. I will verify when this statement was made because if it was in 2018 as people are claiming then he was very right because the price was almost $100 million.
For now I will say he gaffed until I verify when the video was recorded

He seems to be in a habit of getting his facts wrong. While you are verifying please also verify that

1. Anambra state government wa a the largest shareholder in the company as you heard him say….a lie

2. Contrary to the position being touted that he left 75b when he left Anambra, the real state of affairs was that he left a net liability of 105B. As he does by always being economical with the truth, he conveniently failed to mention that the state govt had contingent liabilities of 185B.

A man of Peter Obi’s stature and business experience knows how to prepare accounts. I refuse to believe he was incompetent or inept. This was either deliberate attempt at being fraudulent or he is incompetent. But no accountant will give you a balance sheet and not state liabilities because they are not due today. The man is very clever with his choice of words. You have to decipher and investigate when Obi talks about his affairs. Because they are mostly lies and half truths.

tamdun:

Oh boy, I just watched the video, obi can lie for Africa

Share and keep the video for future use.

We will surely bury the Pandora thief before 2023 election

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

A lot of these people from Peter Obi’s camp actually do him more harm than good and they also exhibit a lot of low IQ.

Even if what the previous writer put forward about Peter Obi was false, this so-called defence does him more harm than good.

If someone invested that huge amount around 10 years ago and it has only appreciated in value by #240m then it is shameful. It is very terrible business.

Consideration inflationary trends, what N20m could buy 10 years ago cannot be afforded by #240m today.

For a state that was behind in basic amenities, what that #1.96bn could afford in 2012, #5bn cannot buy it today.

This is such simple economics but those who are blinded by cheap talk can’t see the light.

Ikem11:

Inflation at what rate? All currency suffer same but current administration murdered it at a fast pace

Even if we discount it at the rate of inflation in the US over that period of time, he still lost money. What exactly are you arguing about?

PurestBoy:


I'm 2008 set, then nairaland was filled with brilliant minds before tribalists and zazuu boys take over.
Where are these guys clemencykul, dayokanu, olawalebabs, jakumo, babyosisi, mukina2, billionaire, yuzedo, etc?

where is barcanista sef

Uniportadmision:


What most don't know or remember is that, the Obiano administration actually cashed out from that investment when the price was still decent. Agenda most agend. These days coming to nairaland makes me sick! The uneducated or illeducated (if I can use such a term) trolls are just too many. They spam the threads and topics with no meaningful arguments, they just talk aimlessly. Seun himself surprises me to be honest.

Well I guess that's how to play their politics...spam the media to confused the minds of uneducated which rate is above the educated ones

Anytime I remember that we'll be fighting Boko Haram, ISWAP and other terrorists sects with only cassava and corn in our stomachs when Tinubu becomes President, my heart skips.

Flora2Sweet:
Peter Obi still remains the best candidate for that position' tifunubu or whatever he's called should be in the Hospital or care home'

Imagine Dpk Now sells for 1650

here in sweden Tinubu should be old people's home being taken care n clean his pampers daily

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.

Please aside Kaduna, please tell me a state in the North where Tinubu can defeat Atiku and Kwankwaso.. because e sure me say Kwankwaso go beat Atiku and Tinubu cleansheet in Kano