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How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios - Politics (2) - Nairaland

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Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Qadaffi2idiamin: 8:34pm On Sep 15, 2022
JewsAreSatanic:
In saner climes this is blatant corruption and not only a conflict of interests but diversion of public funds to private use.

For idiots celebrating this as a good thing, hope you did not complain when Obi refused to negotiate with Medical practitioners when they went on an 18month long strike. Obi would rather take the state resources and dispose of it as his personal money .

This same Obi refused to conduct local govt elections for 8ys and ran the LGs through his appointed care taker administrators from where LG funds were siphoned into his family ventures under the guise of investments.

Obi also laundered huge sums of money from the state coffers using the Nigerian Stock exchange.

All these investments he claimed to have done on behalf of Anambra state were not managed by a public investment management team as they ought to which should include members of the State Assembly drawn along bipartisan lines, an independently appointed chairperson alongside civil servants. Instead he managed the funds and investments as his personal portfolio.

And fools are using this highly corrupt act as a campaign point?


Much of that investment has lost over 60% of its original value as a result of insider trading, stock flooding to whittle the value of the shares or outright selling of the stock by Obi without consent from Anambra people .

Is this not corruption ?


The emergence of PO is giving all of you nightmare.

APC is running on a Muslim-muslim ticket and all of you are masturbating on Everything that concerns OBi.

See, OP you must start looking for a good mental asylum else you'll run naked on the street.

1 Like

Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by JewsAreSatanic: 4:49pm On Sep 16, 2022
Qadaffi2idiamin:
The emergence of PO is giving all of you nightmare.

APC is running on a Muslim-muslim ticket and all of you are masturbating on Everything that concerns OBi.

See, OP you must start looking for a good mental asylum else you'll run naked on the street.

Osuegbe so any one who rejects your Pinocchio OSU is a Tinubu supporter?
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by rickyrex(m): 4:58pm On Sep 16, 2022
JewsAreSatanic:
In saner climes this is blatant corruption and not only a conflict of interests but diversion of public funds to private use.

For idiots celebrating this as a good thing, hope you did not complain when Obi refused to negotiate with Medical practitioners when they went on an 18month long strike. Obi would rather take the state resources and dispose of it as his personal money .

This same Obi refused to conduct local govt elections for 8ys and ran the LGs through his appointed care taker administrators from where LG funds were siphoned into his family ventures under the guise of investments.

Obi also laundered huge sums of money from the state coffers using the Nigerian Stock exchange.

All these investments he claimed to have done on behalf of Anambra state were not managed by a public investment management team as they ought to which should include members of the State Assembly drawn along bipartisan lines, an independently appointed chairperson alongside civil servants. Instead he managed the funds and investments as his personal portfolio.

And fools are using this highly corrupt act as a campaign point?


Much of that investment has lost over 60% of its original value as a result of insider trading, stock flooding to whittle the value of the shares or outright selling of the stock by Obi without consent from Anambra people .

Is this not corruption ?


how much you collect to write this scrab about your incoming president obi
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Kingozymandias(m): 6:16pm On Sep 16, 2022
JewsAreSatanic:


Osuegbe so any one who rejects your Pinocchio OSU is a Tinubu supporter?

Seun Mynd4 lalasticlalà mukiŋa2 rocktatioŋ justwisè óam4j nlfpmoɗ
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Qadaffi2idiamin: 9:38pm On Sep 16, 2022
JewsAreSatanic:


Osuegbe so any one who rejects your Pinocchio OSU is a Tinubu supporter?

You, a stack dimwit call a hardworking successful man an outcast?

Are you a li7ard or your a nincomp0op??
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Kingozymandias(m): 9:59pm On Sep 16, 2022
JewsAreSatanic:


Osuegbe so any one who rejects your Pinocchio OSU is a Tinubu supporter?


Have you been served breakfast? grin

Tears are flowing ...
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by FakeIgboJew: 7:17am On Sep 18, 2022
Kingozymandias:


Have you been served breakfast? grin

Tears are flowing ...

Good morning oga Nwosu
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Kingozymandias(m): 9:16am On Sep 18, 2022
FakeIgboJew:


Good morning oga Nwosu


This is the same person using JewsAreSatanic

Rule 19 violated .

Using alternate accounts

Seun Mynd44 Lalasticlala mukina2 rocktation justwise oam4j nlfpmoɗ
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by GodHatesJews: 12:55pm On Nov 12, 2022
Kingozymandias:



This is the same person using JewsAreSatanic

Rule 19 violated .

Using alternate accounts

Seun Mynd44 Lalasticlala mukina2 rocktation justwise oam4j nlfpmoɗ


Still here muthafcker
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Kingozymandias(m): 1:17pm On Nov 12, 2022
GodHatesJews:



Still here muthafcker

E pain am grin

Another ban loading now imma be on your case again grin
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by ElSudani: 2:47pm On Nov 12, 2022
Obi is super corrupt, he would have ended up in jail in most other countries. He was even brazen enough to admit it, knowing most of his supporters cannot distinguish their left from the right.

1 Like

Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by GodHatesJews: 4:29pm On Nov 12, 2022
ElSudani:
Obi is super corrupt, he would have ended up in jail in most other countries. He was even brazen enough to admit it, knowing most of his supporters cannot distinguish their left from the right.

Just imagine . openly admitting to diverting public funds to his personal private portfolio without recourse to legislative approval or oversight and single handedly doing so without constituting a trust to manage it and report to the House


And after 9ys , you tell me the funds were lost due to poor investment returns with out any audit carried out.

Obi is a wicked crook and a liar.
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by Kingsmeal: 4:30pm On Nov 12, 2022
JewsAreSatanic:


Address the issue or GTFO.

Go and take your drugs

Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by GodHatesJews: 4:32pm On Nov 12, 2022
Kingsmeal:


Go and take your drugs

Solodu should begin the process of acquiring full ownership of both Sabmiller distilleries, Fidelity bank and NEXT supermarket franchise and chain of stores.

Anambra must recover every penny stolen with interests.
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by julaion: 5:17pm On Nov 12, 2022
JewsAreSatanic:
After leaving govt house , Pinocchio will begin gradually liquidating Anambra assets held not in trust but by fiat by him.

One particular brazen act by Obi is how he diverted much of Anambra allocations and borrowed against it to deposit into his Fidelity Bank .

Fidelity Bank was facing imminent shutdown by the CBN if it did not increase it's capital base with the CBN.

Obi will then use Fidelity Bank as the sole bank for Anambra state govt and all the LGAs he managed by himself.

All the funds went into Fidelity bank to meet up with the recapitalization minimum of #25bn set by the CBN.

Obi's heist of Anambra is unique as he did not rely solely on direct funds transfers to accounts or withdrawal of raw cash to be exchanged in the black market for forex. Rather Obi abused not only his trusted position as governor but also the stock market and financial investment sector to steal massively the wealth of Anambra state.

What Obi did is no different than what used to transpire in govt MDAs where heads of such organizations would divert allocations for both capital and salaries to fixed deposit accounts and scheme off the interests accrued only that Obi will end up stealing the entire funds for himself.

Did Obi as Governor publish an annual or quarterly report of the said claimed investments when he was governor?

Why did Obiano (his successor) also not publish financial reports on said money ?

Even Solodu isn't doing same or mentioning Anambra investments Pinocchio claimed to have made for the state.

Obi remains a thief, a liar and a charlatan
Shame on your ancestors for bringing a rotten maggot like you into the family,the must be rolling on their grave because of your stupidity
Re: How Pinocchio Obi Diverted Public Funds To Private Investment Portfolios by OsunOriginal: 5:24pm On Nov 12, 2022
JewsAreSatanic:
In saner climes this is blatant corruption and not only a conflict of interests but diversion of public funds to private use.

For idiots celebrating this as a good thing, hope you did not complain when Obi refused to negotiate with Medical practitioners when they went on an 18month long strike. Obi would rather take the state resources and dispose of it as his personal money .

This same Obi refused to conduct local govt elections for 8ys and ran the LGs through his appointed care taker administrators from where LG funds were siphoned into his family ventures under the guise of investments.

Obi also laundered huge sums of money from the state coffers using the Nigerian Stock exchange.

All these investments he claimed to have done on behalf of Anambra state were not managed by a public investment management team as they ought to which should include members of the State Assembly drawn along bipartisan lines, an independently appointed chairperson alongside civil servants. Instead he managed the funds and investments as his personal portfolio.

And fools are using this highly corrupt act as a campaign point?


Much of that investment has lost over 60% of its original value as a result of insider trading, stock flooding to whittle the value of the shares or outright selling of the stock by Obi without consent from Anambra people .

Is this not corruption ?



Peter Obi is the best packaged fraud - Omoyele Sowore

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