Celebrities › Re: Paul Okoye And Ifeoma Ivy's Traditional Marriage (Video) by anonimi: 8:36pm On May 25, 2024 |
Thundafireseun:
Run things Rude boy …
Prayers were going on and RUDE boy refused to remove his cap 🤔 How many people removed their cap in the picture  |
Travel › Re: The Underground Drainage Tunnel In Port-Harcourt Road, Aba (Pictures) by anonimi: 8:33pm On May 25, 2024 |
OMBIIGA: Kidnapper den loading!! Kidnappers because of the governor’s failure to employ workers and pay them well to provide common services and utilities  |
Travel › Re: The Underground Drainage Tunnel In Port-Harcourt Road, Aba (Pictures) by anonimi: 8:30pm On May 25, 2024 |
OkpaNsukkaisBae: Otti is working Because he built a gutter? Chai, whoever do you this thing can’t make heaven. |
Travel › Re: The Underground Drainage Tunnel In Port-Harcourt Road, Aba (Pictures) by anonimi: 8:29pm On May 25, 2024 |
igwebuike01: Say goodbye to flooding Na by building a big drain underground? What of employing people to clean up and clear the drain regularly  |
Politics › Re: FG Assessment Portal: Nigerians Rate Power, Defence, Agric, Education Ministers by anonimi: 8:24pm On May 25, 2024 |
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Politics › Re: Olubunmi Tunji-Ojo Conducts Inspection Of New 21 E-Gates At Lagos Airport by anonimi: 3:05pm On May 25, 2024 |
DonDaDa234: I hope efforts are being put in place for maintenance! Very important. I commend the minister for the job so far. Let’s see how it turns out Given the rate of unemployment and the amount of foreign currency that would have paid for the new gadgets and the subsequent maintenance, how is this the best way to spend money that is unavailable? I hope you are ready to work like a donkey to pay off the debts of buying foreign goods without exporting our own goods and services? |
Politics › Re: Olubunmi Tunji-Ojo Conducts Inspection Of New 21 E-Gates At Lagos Airport by anonimi: 3:01pm On May 25, 2024 |
forgiveness: This guy they work wella. With prison problems everywhere  What is this your low expectations of government workers like him? |
Crime › Re: Mother Of Four Murdered In Sokoto Hotel by anonimi: 11:22am On May 25, 2024 |
ceejay80s: Good for her Sebi she no wan sidon for husband house.... I bet u the ex husband will be saying now sebi I tell una say she dey fucckkk up and down that why I left, Una don believe me now? How senseless can one be with a comment like this? Do you want the killer freed when the person is finally arrested  |
Crime › Re: Mother Of Four Murdered In Sokoto Hotel by anonimi: 11:20am On May 25, 2024 |
UselessBuharist: They will leave their marriages due to some irreconcilable differences and start running around with other women’s husbands. Una go wise soon, deluded bunch Where did you get this information from in the OP  |
Politics › Re: We Need $360 Billion To Achieve Energy Transition By 2060 — VP Shettima by anonimi: 6:40am On May 25, 2024 |
GreenxGreen: This eeedddiiioottt stupidity is becoming serious by the day 😁😁😁😁 There was a book- Our husband has gone mad again. Is it not time to have a new one with the title of- Our leaders looters have gone mad again  |
Politics › Re: SGF Akume: Tinubu Administration Prioritizes Youth Development by anonimi: 6:36am On May 25, 2024 |
TriCee: This SGF has just been yarning dust recently. At what time was he not yarning dust? Has he not been yarning dust since time immemorial  |
Politics › Re: SGF Akume: Tinubu Administration Prioritizes Youth Development by anonimi: 6:34am On May 25, 2024 |
Redomi: Do you mean Lagos youth? Becusee I don't know which youth they are referring to Even the Lagos youths, how has he prioritised their development by making them into area boys and agberos for recruitment purposes as thugs by MC Oluomo his chief agbero? For the 25 years of ThiefNuibu’s IGR raising master plan, how many Lagos youths have been recruited into the teaching profession to give free education to all their children? Are ThiefNuibu, Akume and others in APC truly progressive or just a-looter comrades of propaganda who say what they don’t do  |
Politics › Re: Oba Vs Edo Govt: Benin Traditional Council Gives Obaseki Conditions For Peace by anonimi: 4:09pm On May 24, 2024 |
achimendy: Obaseki should be careful b4 the gods visit him in a way he will not like. How did the gods visit the British after caging and sending Ovonramwen on exile?Was that not how Obasanjo was talking about using black magic to fight SA apartheid regime? How much black magic has he exported to make Nigeria as rich as China  In quick order, a large British military force—deemed the Punitive Expedition—was assembled, and on February 18, they arrived in Benin City under orders to invade and conquer it. In time they captured Oba Ovonramwen and sent him into exile to Calabar, a town east of Benin.
With these events, the daily routines of the royal court were disrupted and the Edo people were severed from their leaders.
https://archive.artic.edu/benin/conquest/#:~:text=In%20quick%20order%2C%20a%20large,a%20town%20east%20of%20Benin. |
Politics › Re: Oba Vs Edo Govt: Benin Traditional Council Gives Obaseki Conditions For Peace by anonimi: 4:04pm On May 24, 2024 |
kedeojo: He can't in our state, by September his Candidate will lose. No one fight the great king and succeed. Obaseki has given Apc victory already. He has been having issues with Pdp and now Palace. He was a mistake as a governor we made, expecially 2020. Is this not the whole essence of the propaganda by LP labourer Olumide Akpata  |
Politics › Re: Oba Vs Edo Govt: Benin Traditional Council Gives Obaseki Conditions For Peace by anonimi: 4:03pm On May 24, 2024 |
gbengene1234: Obaseki did not deem it fit to restore peace all this while until election period. Even if he adhere to all the demands of the Royal Palace. I don't think Benin's will forgive him. He is bound to lose this coming election. Is Obaseki on the ballot  |
Politics › Re: Oba Vs Edo Govt: Benin Traditional Council Gives Obaseki Conditions For Peace by anonimi: 4:01pm On May 24, 2024 |
Ekpenuwa: Lol. 😆😆😆 Senior man u too funny That's politics for you and beside this is also a propaganda I think so there's no conflict between THE BENIN TRADITIONAL COUNCIL AND THE STATE GOVERNMENT keep it in mind..... Olumide Akpata and his fellow LP labourers are doing propaganda to swindle Edo people just as Gbajue Peter Obi laboured in vain and failed to scam us last year. bennybuhari: “’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.
“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.
“So, Obi is deceiving everybody and I can’t take that back because that is true.
https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/ |
Politics › Re: Court Orders Interim Forfeiture Of Emefiele’s $4.7m, ₦830.8m, Properties by anonimi: 3:57pm On May 24, 2024 |
Antoeni: Two To Die For Armed Robbery, Stealing ₦105,000, Phones, Others In Ekiti
Yet Emefiele Lives Just as ThiefNuibu is not only living but he is the president prosecuting Emefiele, the smaller rogue.Any difference  How much revenue and loans did Jakande have in 4 years compared to what ThiefNuibu has looted since 1999? eluquenson: REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE
* His government built the current Lagos State Secretariat which houses all the state ministries as well as the popular round house hitherto occupied by all subsequent governors of the state.
* His government built the Lagos State House of Assembly complex.
* His government built the Lagos State Television
* His government built the Lagos Radio
* His government built Lagos State University
* His government established General Hospital in zones all over the state with assurance of free health care.
* His government established Teacher Training College and the College of Education.
* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.
* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.
* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.
* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.
* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.
* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.
* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.
* His government established Asphalt Plant for the Department of Public Works.
* His government established Electricity Board for Rural Electrification with provision of street lights.
* His government modernized, expanded and commissioned Onikan Stadium in 1982.
* His government established a singular school system and ensured genuine free education in Lagos State and the beneficiaries of this policy are in different positions of eminence in the country and around the world.
* His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979).
* His government constructed 11, 729 classrooms with the maximum of 40 children per class between March and August 1980, by 1983, he had constructed over 22,000 classrooms.
* In July 1983, two commercial passenger boats christened "Baba Kekere and Itafaji" to run the Mile 2 - Marina (CMS) route via the lagoons were inaugurated by his government to mark the official launch of the Lagos State ferry services.
* His government took over the ownership and financing of Lagos State Printing Corporation in July 1980
* His government established the first State Traffic Management Authority (Road Marshals).
* His government established small scale Industries Credit Scheme which preceded the EKO bank.
*His government established LASACO Insurance.
*His government expanded existing market and built new ones.
*His government established Traditional Medicine Board.
WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?
IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE. |
Celebrities › Re: Banky W Survives Fourth Cancer Surgery by anonimi: 3:47pm On May 24, 2024 |
CitynewsNG: Read again, he appreciates everyone, wife, family, Doctors and pastor. Why did you only see the pastor?? Where did he say anything about contributing and mobilising others to contribute to cancer research through continuous awareness campaigns  |
Politics › Re: One Year Of ‘renewed Hope’: Tinubu’s Costly Reforms Leave Nigerians On Edge by anonimi: 3:42pm On May 24, 2024 |
Risingblue008: This ma just came to destroy this country He came to loot, steal and destroy our country. How did we elevate him to Abuja seeing how he has destroyed Lagos since 1999? Na which kain juju be that  itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019. > > The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.
https://businessday.ng/uncategorized/article/lagos-ranks-amongst-worst-cities-to-live-in-for-nine-straight-years/ |
Politics › Re: One Year Of ‘renewed Hope’: Tinubu’s Costly Reforms Leave Nigerians On Edge by anonimi: 3:37pm On May 24, 2024 |
ebinpawa: Renewed shege From change to shege, how did we miss all the signs, including from Baba Iyabo who cluelessly supported Buhari and APC over Jonathan and PDP, the party that made him president from Abacha's prison  citizenisb: Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters.
“Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said.
The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.
While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’ We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria.
“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”
http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/ |
Politics › Re: One Year Of ‘renewed Hope’: Tinubu’s Costly Reforms Leave Nigerians On Edge by anonimi: 3:33pm On May 24, 2024 |
Creamypie: Very hopeless government Renewed hopelessness is what ThiefNuibu & co are giving us. |
Crime › Re: Jonah Comfort Dismissed For Stealing N35M Gold Jewellery From Army General Wife by anonimi: 9:03am On May 23, 2024 |
Ajehkpako4naija: Then the generals wife must be a thief also. How much is her husband's salary. Probably 35m meant for military artillery was channelled into that You know how they roll in the barracks. blacksta: Apr 28, 2009
The Brig.-Gen. Ishaya Bauka-led court martial on Monday sentenced 27 former United Nations peacekeepers to life imprisonment for protesting the non-payment of their peacekeeping allowances.
The convicts include three female members of the peace operation.
The court, however, discharged and acquitted one of the 28 accused soldiers, Lance Corporal Bala Aliyu, for want of evidence.
The female soldiers, Yetunde Olanihun, Mary Idoko and Esther Nkawor, and other convicted soldiers who have been[b] in detention since July 2008,[/b] did not betray any emotion as the court handed them the maximum punishment for their offence.
The defence counsel, Mr. Femi Falana, who appeared briefly during the judgment, described it as a charade, saying the soldiers would appeal the judgment.
Falana had accused the president of the court martial of bias during the hearing.
He claimed that Bauka had said that no matter what, the soldiers would be punished for protesting. The human rights lawyer and the president of the court martial had an altercation during the hearing which led to Bauka walked away from the court.
In a judgment that was read for more than five hours, the president of the court martial said that the prosecution team, led by Lt.-Col. Sampson Nurseman, proved beyond reasonable doubt that the 27 soldiers, who served in the United Nations Mission in Liberia, were guilty of a one count charge of mutiny levelled against them.
The court held that the soldiers violated Section 12 subsection 2 of the Armed Forces Act of 2004.
It added that the punishment prescribed by the law was life imprisonment for the offenders, subject to the confirmation by the superior authorities.
The 27 soldiers jailed for life include Sergeant Oliver Akwara, Corporals Princewill Onwunari, Corporals Abass Saliu and Paul Maikudi.
Others are Lance Corporals Umar Abdukadir, Musa Salisu, Paschal Steven, Ibrahim Yusuf Loveday Nnadi, Yomi Ibukun, Bello Zaharadeen, Okani Pope, Wanogho Shadrack, Lawal Abubakar, Innocent Egbuna and John Felix.
The rest are Kabiru Mohammed, Chukwudi Onwukanjo, Samuel Ogbe, Jonathan Komo, Adaraloye Olalekan, Salisu Ibrahim, Anthogah Jonathan and Kelechi Anukan.
All the soldiers served under Lt. Col.-Godwin Umelo in NIBATT 15 at the United Nations Missions in Liberia.
Bauka held that the soldiers disobeyed the order of the commanding officer of the 323 Artillery Regiment, Akure, Ondo State, where they staged a public protest to press for the payment of their compulsory savings.
Bauka said, “A junior serving personnel is bound to obey the order of their superior once the order is legal. The refusal to obey the order fails to meet the military standard.”
The soldiers had during the trial said that they were arrested at random, adding that one of the officers collected a bribe of $150 from some of those arrested for the same offence.
They stated that the officer freed those who paid the bribe and refused to let go those of them who refused to cooperate with him.
But while the soldiers were jailed for life, the officers who were responsible for the mix-up which triggered the protest were given a very light punishment.
http://www.punchontheweb.com/Articl.aspx?theartic=Art200904283573534 |
Crime › Re: Jonah Comfort Dismissed For Stealing N35M Gold Jewellery From Army General Wife by anonimi: 8:54am On May 23, 2024 |
greggng: Some of you think the general wife is a poor woman? Being a house wife doesn't make her poor ..people get gift worth more than that . Some if this general wives are richer than them Balablu town hall justifier of oppressors afflicted by Stockholm Syndrome.Did you see her personal income tax returns with all the details you are spewing  We truly deserve our leaders looters and the impoverishment plus deprivation they unleash on us. |
Crime › Re: Jonah Comfort Dismissed For Stealing N35M Gold Jewellery From Army General Wife by anonimi: 8:51am On May 23, 2024 |
seunayantokun: That is to say, never you thief if your boss is a bigger thief! Is that why Hushpuppi's olopa tailor is given bail instead of being extradited to the US to join his criminal friend  ijustdey: A Federal High Court in Abuja has granted the former commander of the Force Intelligence Response Team, DCP Abba Kyari, two weeks’ bail after 27 months in detention.
Kyari is expected to conclude his mother, Yachilla Kyari’s burial rites.
https://punchng.com/breaking-abba-kyari-gets-bail-after-27-months-in-detention/?amp |
Crime › Re: Jonah Comfort Dismissed For Stealing N35M Gold Jewellery From Army General Wife by anonimi: 8:48am On May 23, 2024 |
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Politics › Re: IMF Ranks Nigeria Second Least Indebted Country In Africa by anonimi: 7:47am On May 23, 2024 |
PrinceofSarcasm: While it is tempting to celebrate Nigeria's relatively low debt-to-GDP ratio of 41.3% as a testament to prudent financial management and economic stability, we must critically examine the broader context and avoid falling prey to government propaganda that often distracts from more significant issues. This pattern of overhyping modest achievements, unfortunately, obscures deeper systemic problems and reflects a troubling reliance on superficial metrics to paint an overly optimistic picture of economic health.
First, it's essential to understand that the debt-to-GDP ratio is just one of many indicators of a country's financial well-being. While a lower ratio can suggest economic stability, it does not automatically equate to overall economic prosperity or effective governance. For instance, Nigeria's external debt stood at a staggering $41.59 billion (N31.98 trillion) as of December 2023. Despite the favorable debt-to-GDP ratio, this figure represents a significant financial burden that the government often downplays.
Moreover, Nigeria's total debt is approximately N97.34 trillion, according to the Debt Management Office (DMO). This figure, when considered alongside other economic indicators such as[b] inflation, unemployment, and poverty rates, paints a more comprehensive and less rosy picture of the country's economic health.[/b] Celebrating a low debt-to-GDP ratio without addressing these critical issues is misleading and fails to provide a complete understanding of Nigeria's economic challenges.
This tactic of highlighting mediocre achievements to distract from broader failures is not new. In the past, the government has celebrated minor improvements in literacy rates or the addition of a few kilometers of roads while ignoring the crumbling infrastructure and inadequate educational facilities. Such selective reporting serves as a distraction from the government's overall poor performance in critical areas that directly impact the quality of life of its citizens.
For instance, the government previously touted a slight increase in literacy rates as a significant achievement, despite the increase being a negligible 0.2%. Similarly, the addition of a few dozen kilometers of new roadways was heralded as a major success, even as the existing road network remained in disrepair, contributing to severe traffic congestion and hampering economic activities.
The celebration of Nigeria's debt-to-GDP ratio in isolation follows this familiar pattern. It is essential to hold the government accountable for providing a holistic view of the country's economic status rather than relying on selective statistics that offer a skewed perspective. While debt management is undoubtedly important, it must be seen in conjunction with other economic factors to provide a true picture of the nation's financial health.
While Nigeria's debt-to-GDP ratio may be commendable at face value, it is crucial to approach such figures with a critical eye and demand transparency and comprehensive reporting from the government. Only then can we move beyond propaganda and truly assess the country's economic standing and address the underlying issues that hinder sustainable development and prosperity. Thank you sir. Let those ho have ears hear and those who have eyes see that a few bright spots on the plantain may not be a sign of ripening but a sign of rotting. |
Politics › Re: IMF Ranks Nigeria Second Least Indebted Country In Africa by anonimi: 7:42am On May 23, 2024 |
Onyiiobi7735: Great news,if it's actually true.Gradually we shall soon get there. BAT's efforts are not in vain after all. Where else is BATeria infection leading us apart from the land of more extreme poverty, hunger, unemployment, inflation insecurity ati beebee lo  |
Politics › Re: IMF Ranks Nigeria Second Least Indebted Country In Africa by anonimi: 7:40am On May 23, 2024 |
Smartcitizen: Please what is the meaning of enemies of Nigeria you people keep using here? They are mixing up and equating Nigeria with the A-looter Poverty Confusionists, APC.What can they do for their own deliverance from the confused state  |
Politics › Re: IMF Ranks Nigeria Second Least Indebted Country In Africa by anonimi: 7:39am On May 23, 2024 |
ElSudani: The report says it is not. I know this doesn't go with the doom and gloom narrative of the enemies of Nigeria. Rather than call it propaganda present your own data to refute it. Can we divide it by population and see where we are at on the per capita debt ranking  |
Celebrities › Re: Ex-Model, Crystal McKinney, Accuses Diddy Of Sexually Assaulting Her In 2003 by anonimi: 12:30am On May 23, 2024 |
sojayy: Chall, the whites wants to bring all prominent negro down, R. Kelly, now Diddy. Jeffery Epstein is also black like you. |
Politics › Re: Peter Obi Visits 'Saving Little Hearts Program' At Cardiocare Hospital, Abuja by anonimi: 2:13pm On May 22, 2024 |
Krankhead: Meanwhile IPOB/ESN has declared sit at home in the East preventing students from writing Eaxm. Obi is blind to that. But if it happens elsewhere, he will call UN and ICC to intervene Drinking too much Hero beer can make a person go blind with desperate wakaabout for Insta pictures  SATANICALLY: In a 2018 interview, Peter Obi said he invested $20 million in International Breweries on behalf of Anambra state as a governor.
Obi’s claim was in response to questions on economic development, Anambra politics and his presidential ambition.
“… Anambra state is the single-highest shareholder in that facility. I invested in it, over $20 million,” Obi had said.
“It is worth almost $100 [million] today. That’s what government should do.”
TheCable had previously fact-checked some of the claims.
Chukwuma Soludo, governor of Anambra, also debunked a recent statement ascribed to him regarding the investment.
International Breweries (IB) Plc is a subsidiary of the world’s largest brewer, Anheuser-Busch InBev (AB InBev) — a multinational drink and brewing giant based in Leuven, Belgium.
In its 2021 audited financial statement, the company said it holds 43 percent economic interest in International Breweries Plc, a publicly listed company in Nigeria.
According to a report by The Nation, AB InBev merged its Nigerian operations under a single corporate entity in 2017. It had three indirect Nigerian subsidiaries — International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited. SABMiller Nigeria Holdings BV — another subsidiary of AB InBev — was also a major stakeholder in Intafact and Pabod.
ANAMBRA’S INVESTMENT
In a statement made available to TheCable on Tuesday, Ifeatu Onejeme, Anambra’s commissioner of finance, confirmed that Peter Obi’s administration invested the sum of N1,955,535,247.00 (an equivalent of approximately $12,616,356.43 at the then average CBN exchange rate of N155.00/$1) in Intafact Beverages Limited, a green-field brewery set up in Onitsha by SABMiller Breweries of South Africa in 2012.
Onejeme added that the state government still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for the Intafact Beverages Limited investment.
“Based on the NGX closing price of N5.50 as of 20/6/22, these shares were valued at N2,240,266,952 on that date,” the statement reads in part.
“Based on the Central Bank of Nigeria I&E exchange rate of N415.75/US$1.00 on same June 20, 2022, this investment was valued at an equivalent of approximately US$5,388,495.37 (and at N604/$1.00 parallel market rate, only US$3,709,051.24).”
https://www.thecable.ng/revealed-peter-obi-administrations-12-24m-investment-in-international-breweries-now-worth-5-38m/ |
Politics › Re: Peter Obi Visits 'Saving Little Hearts Program' At Cardiocare Hospital, Abuja by anonimi: 2:11pm On May 22, 2024 |
Coolsat: I find it hard to believe this man is what people think he is. Atleast we should have heard of his doings as governor. Hmmm I don't fall for deceits easily Neither should any sane Nigeria fall for the deceits of this gbajue master of Pandora dealings. bennybuhari: “’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.
“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.
“So, Obi is deceiving everybody and I can’t take that back because that is true.
https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/ |