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?

Funkyswagzz:


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

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?

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?

Throwback:


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

That is a straightforward lie.

agabaI23:
Who do you prefer? Sell your candidate to me.

Slynation:
Hmmm.... It's obvious Nigerians doesn't wanna emancipate themselves from the servitudes bad leadership has done to them...!! What I know is that even if we get it wrong the time around, the catastrophic effects won't see the genuine ones...!!

As a long time crypto investor, the dollar increment was even to my own benefits!! My prayer be say make the money no finish

agabaI23:

What if it was a mistake? That was 4 years ago. Has he repeated that since then? You know you can easily verify directly from him because he has been holding interactive sessions and more will come. Have you also verified the investments in bonds?
have you seen this hand over note? What do you say?

Image123:
Na so Obi go dey use naija money invest in beer parlor?

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?

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?

BigYash:
No be only you oh.. I see them all as the same.. Same alcohol(politician) in different container(Party)

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.

agabaI23:
My own just remain small but I will sit it out

PericomaNwankwo:


So it didn't grow in dollar value? Your debate is disappointing. Seriously disappointed by your undiplomatic views. Such a disgrace to the spirit of entrepreneurship.

That's why this platform haven't gone beyond what it used to be. You can't even hide your biasness and sentimentalism.

Latakia:
Bad investment. How I wished Obi Pandora was given the opportunity to become governor in Anambra state, maybe Onitsha, Awka and Nnewi would have been like Singapore, Tokyo and Dubai today

shigishege:
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

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?

Sixfiguresmart:
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 history 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. This implies that the finance commissioner lied or does not understand his onion? I did not do due diligence though because I took it that the government knows exactly what is current.

Sixfiguresmart:
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 history 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.

Freethinker87:


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.

agabaI23:
Don't attack Seun, engage him.

agabaI23:
This implies that the finance commissioner lied or does not understand his onion? I did not do due diligence though because I took it that the government knows exactly what is current. We may have to come up with a query for the finance commissioner.

Freethinker87:


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.

Chukwumawisdom:
was lagos develop by any of your governors? Lagos has been developed before you were born.stop attributing Lago development to tinubu because Lago was actually developed with nigerian resources as capital territory. Tinubu only develop National Road transport workers

casualobserver:


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.

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?

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.

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?