₦airaland Forum

mrvitalis:
All these APC people self... What is different with what I said here now?

The investment is land investment valued at that amount

Did you do economics at all

Maybe you dropped out of school at the primary level. I have checked and checked many sites on this issue. Not a single one has indicated that the investment was in the form of land. It clearly stated that Obi invested 2 Billion Naira at that time. No mention of land investment.
You can play that dumb game with your fellow low-IQ Obi supporters but not with me.


Here is more. It clearly stated that it's the state's money not in the form of land. Read and comprehend.


In August 2013, Peter Obi, the governor of Anambra state, invested 2 billion Naira (approximately US\$12,616,356.43) of state money for a 10% stake in Next International, a company that owns shares in International Breweries Plc. In 2018, Obi said he invested $20 million in International Breweries on behalf of Anambra state, and as of June 2022, the stake was worth $5.38 million. As of 2021, Anambra state is the largest shareholder in International Breweries Plc, with a 43% economic interest.
International Breweries Plc is a subsidiary of Intafact Beverages Limited, which owns the Hero Lager brand. Other brands owned by Intafact Beverages Limited include: Budweiser, Castle Milk Stout, Grand Malt, and Beta Malt.
AB InBev, the world's largest brewing multinational company, is also a major investor in International Breweries Plc.

mrvitalis:
Anambra state only provided land which was valued at 10% and the host community 5%

I dare you to show any evidence Anambra state invented physical cash on that brewery

A controversy arose in August 2013 about the issue of shares to Next International a company owned by the Anambra state governor Peter Obi.[4] It is also reported that he invested 2 billion Naira of the state money for a 10% stake in the brewery.

From 2012
premiumtimesng .com/news/98281-anambra-governor-peter-obi-in-brewery-ownership-scandal.html?tztc=1


Statement from Anambra State GOVERNMENT. They will know more than you -

Given the repeated fake news about the current dollar value of the investment by the Peter Obi administration in SABMiller, it has become imperative to clarify the matter in public interest.

The Peter Obi Administration invested the sum of N1,955,535,247.00 (equivalent of approximately US$12,616,356.43 at the then average CBN exchange rate of N155.00/$1.00) in Intafact Beverages Limited, a green-field brewery being set up in Onitsha by SABMiller Breweries of South Africa in 2012. The Naira equivalent of this investment is stated and carried in the Reports of the State Accountant General with the Financial Statements for the fiscal years ended 31st December since then. These are public documents.

According to Ifeatu Onejeme, Commissioner of Finance, Intafact Beverages was subsequently consolidated into International Breweries Plc when the parent company, SABMiller of South Africa was acquired by Anheuser-Busch InBev (AB InBev), the world’s largest brewer. Based on this development, AB InBev consolidated and merged all its brewery operations in Nigeria under International Breweries Plc and all shareholders of Intafact Beverages Limited, including Anambra State Government (ANSG), received shares of International Breweries Plc for their respective investments.

ANSG received and still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for its investment in Intafact Beverages Limited . Based on the NGX closing price of N5.50 as at 20/6/22, these shares were valued at N2,240,266,952 on that date. 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).

We do not want to join issues with the purveyors of the fake news but only need to state the facts to inform the public.

mrvitalis:
Obi investment was cash given to banks for interest

U obviously don't know jack about what you are talking about

You are clueless as to how investment works. Obi has never denied investing money into the Brewery. If Obi did not invest in HERO Beer Brewery, how come the State of Anambra has substantial ownership of the business? How did Anambra become a major shareholder in the Hero beer company? Who invested Anmbra money into the business for the State to have substantial ownership in the company?
There is a video of LP chairman back then complaining that Obi invested the state money into HERO beer.

This is the same way you guys claimed he built schools even after Obi himself said that he did not.


You are obviously clueless about what you are talking about or just lying like Pandora pathological lair Obi.

Appletek:
One idiot from Agulu is talking nonsense. When Tinubu was working on the Eko Atlantic project, that idiot called Peter Obi was busy using Awkuzu Sars to kill Igbo youths.

The idiot with no legacy project in Anambra has now become an expert on coastal road.

Ask Peter Obi and his Obidients why they didn't criticise the construction of the Second Niger bridge despite the bad roads in the South East. But because this Coastal road doesn't include Igboland, Peter has suddenly become an activist.

Aptly stated.

Vicotex:
I no even understand wetin dem dey try go prove or explain

Too complex for you

Without a doubt.

All these fools making noise are ignorant of the situation in that area before Tinubu. I still remember the ocean surge that was constantly flooding the area back then. It was Tinubu that turned the tide and created Eko Atlantic in the process.
That's a visionary man.
Without the barriers and Eko Atlantic, there wouldn't even be Lnadmark in the first place.

Amadu Bello Way used to be flooded and the guest houses that used to be on that road were being abandoned one at a time. I know because I used to rent some of the rooms back then when on Holiday to Nigeria.

May God continue to bless Tinubu and may God continue to bless Nigeria.

mrvitalis:
Firstly obi never invest 30 million dollars into brewery

But if you call international brewery today in Nigeria's a failed projects then you know nothing

Yes shares in the nigerian stock exchange hace falled drastically since APC came to power

But the company outlook is fantastic

Yes yes I know the above flew right above you sha

Oh yes, he did invest 30 Million dollars into the business in which he has a financial interest. That in itself is a crime, Obi is a fraud and a criminal.
Secondly, the investment has not lived up to its potential as stated by the current Governor of the state.
Why will you invest even a kobo into a brewery while your state is under the threat of gully erosion, dilapidated schools, bad roads, no public water, and many more critical needed infrastructures?

Why will you even invest a kobo into beer beer-making venture instead of these other critical projects?

Pls tell us how much was invested, olodo.

indigenous234:
Since Chinaza Philip don cast Una don turn to Chibuzor Micheal 🤭.

These urchins know nothing about business. So you believe a 200ml Dollars invest which is over 230Billion naira is not capable of providing over 100k direct/indirect jobs?. Wetin Una dey sniff for that APC?

Dummy, so because he claimed 200 Million, that means it's really worth 200 Million dollars? You are dumber than a jelly fish.

I'm pretty sure that his investment is less than 20 Million dollars, if that. I have been there at least 3 times in the past 3 years.
The biggest asset is the beach which HE DOES NOT OWN. Try and use your small brain some times.

mrvitalis:
Obi played with the idea of mono rail like every right thinking person realized that

1) base on the current economics of the state it made no sense

It could never never break even and would need money to run monthly

And state can't afford it

So why borrow to build with would eat your money

Not every one is as foolish as Lagos people

But the idiot invested 30 million dollars into a brewery that is now a loss business venture to the state. We all know who the real foolish and dumbest people are.

Beautifulday:
A lot of idiots have access to microphone in Nigeria.This writer has not been to a beach before.

There are more that 100 businesses that offer products and services in a moderate beach without any investment interest not to talk of 200 million dollars investment.

When a company of these size goes down, a lot of other smaller businesses that offers complimentary businesses and services go down.

The smaller businesses may have 5 to 10 employees but when you multiply it by the number of such businesses, you will understand the after effect of such businesses going down.

Stop lying.

I have lived in that area before anything like a Landmark ever became popular. There were many beach businesses in that area before the Landmark. When I was young, it was Bar Beach, and then later came Lekki Beach.
The value of that project is much more than any value of any current beach business. Most of you calling 200 Million dollars like we are talking about 200 Million Naira. I just laugh every time I hear that trash. The only thing that can make that place worth 200 Million dollars is the beach itself which he does not own. Did he buy the beach from anyone? NO, he did not.
In the future, there will be many beach businesses with international brands of hotels and more.

I love this part


My advice to you is just to sit back, relax and watch as Engr. Dave Umahi delivers what you think is impossible. Action is better than cho cho cho.

I also think you are threatened by the rising profile and undeniable competence of Minister of Works, Dave Umahi and the reality that he will one day become the first president of Nigeria from the South East in the 4th Republic while you take your place as one of most dangerously deceitful and bitter politician to have ever graced Nigeria's political landscape

cho cho cho lunatic.

Umahi and Tinubu are writing their names into the Nigerian history book with diamond pens. Obi will only remembered as the sore loser who tried to create chaos because he lost an election.

The Agulu packaged fraudster used state money to build a brewery while Anambra was experiencing erosion, no public water, bad roads, and delipidated schools among many other problems. But the idiot thought that investing in Brewery was the best way to spend public funds.
Na thunder go fire that bastard retard.

WIZ kid is their FATHER any day any time.

Mmesoma, the fraudster just like Obi pandora pathological liar. Everything about Obi , is fraudulent and a lie including his supporters. Sad.

BigYash:
You can graduate from such school and still be stupid.. I know of one N prize winner that protested against Gej then,and now that things are worst the white hair man is mute.. No be by school or awards o..

It only goes to confirm how easy it is to brainwash and influence gullible, low IQ, shallow impressionable fowls like.

Bye kid.

Kukutenla:
And the best you could make of your education is to become an online troll? Just look at your moniker!!

My moniker is a true reflection of the delusional retar@ded imb@cile often shallow IPOB retards. If it bothers you, then you can do the needful by proceeding to the 3rd mainland bridge.
Get lost.

mastermaestro:
You need summary lessons if you think the headline does not perfectly mirror the body of the story.

Kid, I graduated from one of the top journalism schools in the world before you were even born. That's what we call sensational headline.
He was referring to the inability to continue without rate increase, not a threat as the headline suggests.

The US continues to lose respect around the world just because of the apartheid terrorist state of Israel. Very sad.

Sava44:
Why is US always carrying Israel Matter for head

They have all been paid by AIPAC,the Israeli lobby terrorist organization.

LagosFirstSon:
Olufemi Esho why na

Why are you people disgracing Nigeria in UK na

IPOB TERRORIST from Abia still masquerading as a Lagos indigene, you never tire?
Stick to mkpuru mirri and cannibalism.

Rubbish headline. Read the content before posting comments.

Gbogbowa:
STop blaming social media,we have social medium in other countries and the students are doing well but any country where leaders believe in cheating and bribing to get what they want the students will not do well in academics

So your leaders just started cheating and bribing recently?

Just as the BVAS exposed election fraud numbers from previous elections, the new JAMB computerized system is also exposing the Miracle fraud centers.

Righteousness2 the Pastorprenual fraudster again.
She's using her yansh, while you and your fellow pastorprenual fraudsters are using religion to scam the people. What's the difference?

SensualMan:
Chilling in Monaco...see Agbado people papa

Pls say no to Mkpuru mirri and caniballism. They are bad for your mental and physical health.

Sergio103:
21st century??

Primitive people I share the country with

What can be more primitive and barbaric than CANNIBALISM?

AfghanEasterners who treat their women as second-class slave citizens too will be wailing and crying on the thread.

mohims:
Our people from Afghan-Eastern will soon flood this thread to insult him. Just wait for it

You already know.

Christistruth00:
.

For Clarification

HURIWA is the Media wing of Ipob run by a man called Onwubiko

The Nigerian press is complicit in this charade. They know very well that the clown is an agent of the IPOB terrorist organization yet they keep referring to the fraud as a "human rights organization" They can fool their mumus but we are not fooled, not even for a second.

Rubbish trash


HURIWA or whatever not a rights organization, this is purely an IPOB IGBO agenda fake group under the control of one single person Emmanuel Onwubiko.

His only agenda is promoting IGBO interest while attacking all other tribes.

Stop calling it a "group or organization" It's a one-man propaganda mouthpiece masquerading as a Human rights group.

He only goes after people from other tribes while ignoring the atrocities of his people. Go and check his track record, there's nothing about human rights, it's all about Igbo rights and the vilification of other tribes.

AqualinaXYZ:
Tinubu that sacrificed his own kinsmen to Fulani na who una dey put hope on





Same frog eyed mad man that asked WHERE ARE THE COWS





See not to brag with violence but most things that happening in this country can’t happen in Port Harcourt




Anyday Fulanis go Jonze kill for PH na that day una go know the usefulness of cultism

I'm sure that you have forgotten to take your mental health medication this morning.

Too complicated for IPOB retards to comprehend.

They will soon show up to rant like the deranged lunatics that they are.