Satanically written nonsense to paint Peter Obi black. It can't work. Go look for another one.

What was the value of the investment as at 2017, and 2018?
We know how things can be manipulated overnight in Nigeria to score cheap point.

plaindealer:



Even though the topic and thread were based on credible facts, including official facts and claims by the Anambra state government as stated in the article, you still cluelessly managed to say we don't have facts.

Sometimes I just wonder about you and your kind, either you have zero reading and comprehension skills, ignorant, or just mentally and crookedly deceptive.

LoL..i Wonder who is crooked ND deceptive between u and i ..u have blatantly refused to see the light and feel the darkness is better of because u've been leaving in it for quite a long time...oga i can see u are so dumb to the tooth...Oya rest...u can't be educated..rest

Paullo19:

How can u call that a loss..u invested 1.8billion and u made 2.3billion and u are seeing it as huge loss...oga make una still leave this guy called obi...what i know is there was no loss made.so weda u like it or not he did something profitable for his state...in ur state, how much have ur governor invested?? U guys are just helping people in selling out obi and making home more popular..and it's actually a plus for him...keep it up

Which kind of nonsense is this.

Sabmiller is a foreign south african company, which means they obviouly deal with dollars(the most popular currency in the world)

Obi invested approximately 12million dollars which depreciated to 5 million dollars and you call that profit That is an huge about 60% loss.

I will explain something to you now: as at when Obi invested the funds in dollars. Dollar to Naira was approximately #159 to $1.
Meaning the $12 000 000 obi invested then worth about $12 000 000× 159= $1.9Billion
The shares further depreciated to a cost of $5000 000.
Using the same rate 5000 000 × 159 = $795 million

Now 2022, the rate is about #450 to 1$. If Obi's 12 million dollars investment had not depreciated or appreciated at all, it should worth about $12 000 000×450 = 5.4billion dollars

which is much lower than the $5000 000 ×450= 2.2billion it worths now

Now you can see that the devaluing of naira is what inflated the value of the investment. He made a huge loss in dollars.

Anambra state made a very bad loss.

What the shares worth now ,is much lesser than the initial amount that was used to purchase it.

marsman:

Which kind of nonsense is this.

Sabmiller is a foreign south african company, which means they obviouly deal with dollars(the most popular currency in the world)

Obi invested approximately 12million dollars which depreciated to 5 million dollars and you call that profit That is an huge about 60% loss.

I will explain something to you now: as at when Obi invested the funds in dollars. Dollar to Naira was approximately #159 to $1.
Meaning the $12 000 000 obi invested then worth about $12 000 000× 159= $1.9Billion
The shares further depreciated to a cost of $5000 000.
Using the same rate 5000 000 × 159 = $795 million

Now 2022, the rate is about #450 to 1$. If Obi's 12 million dollars investment had not depreciated or appreciated at all, it should worth about $12 000 000×450 = 5.4billion dollars

which is much lower than the $5000 000 ×450= 2.2billion it worths

Now you can see that the devaluing of naira is what inflated the value of the investment.

Anambra state made a very bad loss.

What the shares worth now ,is much lesser than the initial amount that was used to purchase it.

Naira devaluating, is that the fault of obi??
That's The fault of ur federal government ND not obi's..

/

Someone invested $12m into public enterprise and lost $7m with a balance of $5m.

Someone invested more than $12m into his private pocket with no yield seen to the masses.

Which one is causing ruckus? The one who tried. Not the ones who looted 100% into their private pockets.

I am very disappointed at Buhari. Obviously he is not making Nigeria hard enough.

/

Hisbah21:
Nigerians are just looking for someone because of the hardship this current administration brought us. but Peter Obi has nothing to show,shout,abuse,tag and say anything u like. Peter Obi is not better than the others still a failure as the rest.. continue shouting OBIEDIENT,remember election is not done on social media. The party that doesnot even have a campaign office... mark my word Obi will never be the president in 2023.. wailers 1-2-3

No one is saying you should like Peter Obi, but tagging a man who has proactively taken giant positive strides in government in the past a failure, simply he is not your candidate shows more of the kind of person you are.

His achievements are there for verification, stop being unnecessarily emotional. Balance and support your claims with facts..

Hisbah21:
Nigerians are just looking for someone because of the hardship this current administration brought us. but Peter Obi has nothing to show,shout,abuse,tag and say anything u like. Peter Obi is not better than the others still a failure as the rest.. continue shouting OBIEDIENT,remember election is not done on social media. The party that doesnot even have a campaign office... mark my word Obi will never be the president in 2023.. wailers 1-2-3

The parties that has all the campaign offices have only led to destruction of lives and properties and Nigerians are tired...you should go to inec offices and see what's happening there... Nigerian youths are tired of those dumbass old men

Paullo19:

LoL..i Wonder who is crooked ND deceptive between u and i ..u have blatantly refused to see the light and feel the darkness is better of because u've been leaving in it for quite a long time...oga i can see u are so dumb to the tooth...Oya rest...u can't be educated..rest

This is the problem with ignorant people like you, you want to argue and jump into discussions, but you can not read, comprehend or follow simple internet discussions.

Fool asking for facts even though is right there in black and white from Anambra state government itself.

The fool said currency when in fact customers are just not interested in what the company is selling, even market and social conditions don change sef.

A huge segment of our population is not like our beer drinking parents now we drink wine, cocktails, liquors like Hennessy, Vodka, Tequila and so on.

The market is changing and smart investment and money managers should know all about market and consumption trends and quickly make adjustments or diversify.


Dude, abeg go back to elementary school, you are a huge embarrassment.

Paullo19:

Naira devaluating, is that the fault of obi??
That's The fault of ur federal government ND not obi's..

Calm down. Naira has nothing to do with the investment he made in dollars. The devaluation of naira actually helped him, since it gave dollars more value, so $5 million in 2013 is less than $5 million today.

What me I am trying to point out is how the 12 million dollar shares,which should be about 5billion naira today ,went down to 5 million dollars which is about 2 billion naira.
Anambra made a huge loss in dollars, but the amount got inflated by the lower value naira.

Remember Inflation rate since then has also increased significantly. So even with the fact that the valueless naira gave it a leg, the neck pressing Inflation rate since twill take it back.

plaindealer:


This is the problem with ignorant people like you, you want to argue and jump into discussions, but you can not read, comprehend or follow simple internet discussions.

Fool asking for facts even though is right there in black and white from Anambra state government itself.

The fool said currency when in fact customers are just not interested in what the company is selling, even market and social conditions don change sef.

A huge segment of our population is not like our beer drinking parents now we drink wine, cocktails, liquors like Hennessy, Vodka, Tequila and so on.

The market is changing and smart investment and money managers should know all about market and consumption trends and quickly make adjustments or diversify.


Dude, abeg go back to elementary school, you are a huge embarrassment.

U should think before u talk that's ur problem...u come here because I've been given some token to talk less on someone who is not even ur problem... someone who's investments speaks for...you voted buhari in ND after he has finished the economy u are blaming it on obi who u can obviously see what he has been doing..dumb people everywhere... God help us

plaindealer:
..but Obi Pandora laughed all the way to secrete foreign Pandora account with almost triple that amount, $15 millions.


The man is not only a thief, he's a poor and incompetent money manager.


Poor people of Anambra got swindled in broad daylight...


Sad..

Pandora ko Pandora ni, more like

P-Powerless/pointless
A-Accusations
N-Never
D-Dent
O-Obi's
R-Rich
A-Achievements..


If you say him tu lie, then you and your candidates tu daft... I will rather choose a man who lies down when nature calls than an old man who is tu greedy to respect his old age when nature demands so..
Hehehe...the joke is on you son..

marsman:

Calm down. Naira has nothing to do with the investment he made in dollars. The devaluation of naira actually helped him, since it gave dollars more value, so $5 million in 2013 is less than $5 million today.

What me I am trying to point out is how the 12 million dollar shares,which should be about 5billion naira today ,went down to 5 million dollars which is about 2 billion naira.
Anambra made a huge loss in dollars, but the amount got inflated by the lower value naira.

i wonder why u are just going back ND front with this...just go read on this well on another platform.. before u dey talk here

A former Governor of a state invested N1,955,535,247, and today the investment worth is about N2,240,266,952. An increase of about 15%, despite the harsh business environment in Nigeria now. Surprisingly, the only screeching headline the author of this piece could come up with is the USD equivalence of the investment and some folks are gleeful about the investment ‘loss”.

While some of Peter Obi peers in various states looted their state treasury, he had the uncommon sense to invest for the future. And here, based on a slanted headline, some folks are ecstatic. Jumping up and down…we finally got him. What a country!

Paullo19:


U should think before u talk that's ur problem...u come here because I've been given some token to talk less on someone who is not even ur problem... someone who's investments speaks for...you voted buhari in ND after he has finished the economy u are blaming it on obi who u can obviously see what he has been doing..dumb people everywhere... God help us

This can't read and comprehend joker left the topic to gyrate to Buhari inside Aso Rock.

How hard is it to intelligently read, comprehend and follow simple internet discussion..

Dude, you are worse than a 2-year-old baby.

beerfraud:
We have said it countless times that Peter Peter Obi is a thief

Pandora ko Pandora ni, more like

P-Powerless/pointless
A-Accusations
N-Never
D-Dent
O-Obi's
R-Rich
A-Achievements..

Paullo19:
i wonder why u are just going back ND front with this...just go read on this well on another platform.. before u dey talk here

Dude, stop embarrassing yourself, just take the lecture and say thank you, it is not by force to be ignorant.

Paullo19:
i wonder why u are just going back ND front with this...just go read on this well on another platform.. before u dey talk here

What am I saying that is wrong guy... Even the profit he made from the lower value naira will be cancelled by the inflation rate that has increased over the years.
12 million dollars reduced to 5 million dollars is profit, abi?

marsman:

What am I saying that is wrong guy... Even the profit he made from the lower value naira will be cancelled by the inflation rate that has increased over the years.
12 million dollars reduced to 5 million dollars is profit, abi?

Basically what they are saying..

ogatboy:


Reality is your government of today is clueless. Every company on the NSE is on downward slope. I suppose short Nigeria stock exchange

which Peter Obi is one of them , imagine if he had use that money to develop human capital or employer farmers … do you know that money is enough to build ranch that would provide cow meat for the entire south-east ?

plaindealer:



Dude, stop embarrassing yourself, just take the lecture and say thank you, it is not by force to be ignorant.

Sha u dumb Sha ...i just had to go back to some of ur comment to see how retarded ur brain really it...u are actually worst than a fool..i rest my case dude.

Paullo19:

Sha u dumb Sha ...i just had to go back to some of ur comment to see how retarded ur brain really it...u are actually worst than a fool..i rest my case dude.

Read and comprehend very slowly, I know you are slow and have problems reading and comprehending, read gently, don't rush

plaindealer:



Basically what they are saying..

Lol, many of them are confused. One was actually blaming our exchange rate, not knowing, it was even the high exchange rate that gave them the little profit they are clinging to in naira.

Profit that inflation will still collect from them.
Anambra lost in the most valued dollars, but gained in low value naira. AND they call that profit.

I really don't understand our level of intelligence anymore. Peter Obi governed Anambra state for eight years and made investments and savings decisions for the state.
On the day he handed over to the next governor Obiano who has also ruled Anambra state for another eight years thereafter what was the value of the investment and savings?

You cannot blame Peter Obi if the investment has suffered liosses thereafter because Obiano should have liquidated the investment.

Anyway who God has blessed, no one can curse. We are totally OBIDIENT.

marsman:

What am I saying that is wrong guy... Even the profit he made from the lower value naira will be cancelled by the inflation rate that has increased over the years.
12 million dollars reduced to 5 million dollars is profit, abi?

Well i didn't just read this post here before making my comment..i actually went to some other platform, the rate it was actually calculated to give us $5m is the current rate...ND the rate at which it was calculated the was the old rate ...so the fault isn't actually Peter's...but the devaluation of the Naira..i learnt they operate in naira too..

SATANICALLY:


https://www.thecable.ng/revealed-peter-obi-administrations-12-24m-investment-in-international-breweries-now-worth-5-38m/

Oga, list capital projects u hv done while u were gov.
Stop beating around the bush with nothing to show.

marsman:

Lol, many of them are confused. One was actually blaming our exchange rate, not knowing, it was even the high exchange rate that gave them the little profit they are clinging to in naira.

Profit that inflation will still collect from them.
Anambra lost in the most valued dollars, but gained in low value naira. AND they call that profit.

They are very clueless and do not think, they are not even dealing with obvious facts because they don't know how.

Onyipk:
I really don't understand our level of intelligence anymore. Peter Obi governed Anambra state for eight years and made investments and savings decisions for the state.
On the day he handed over to the next governor Obiano who has also ruled Anambra state for another eight years thereafter what was the value of the investment and savings?

You cannot blame Peter Obi if the investment has suffered liosses thereafter because Obiano should have liquidated the investment.

Anyway who God has blessed, no one can curse. We are totally OBIDIENT.

The same Obi Pandora is still out there bragging and lying about the investment, how much he invested and the huge profit the investment is recouping..

You people are not serious..

Paullo19:

Well i didn't just read this post here before making my comment..i actually went to some other platform, the rate it was actually calculated to give us $5m is the current rate...ND the rate at which it was calculated the was the old rate ...so the fault isn't actually Peter's...but the devaluation of the Naira..i learnt they operate in naira too..

Devaluation of naira helped your guy. If naira was not devalued, the Investment would be about 750 million naira and not 2.2b. Inflation will still do its part.

He bought the shares in dollars. Revenue in Nigeria is obviously in naira, but you buy shares from international companies with popular currencies. Sabmiller invested 100million dollars in Onitsha brewry not naira, Anambra added their amount in the brewry in dollars. Obi is always saying dollars for a reason .

International brewries normaly is not doing fine, the the value of their shares has had a decrease of about %1000 since 2013. So the decrease in the value of anambra's shares is not rocket science.

sammy329:


HIM TU LIE supporter lies a lot, if your candidate is truly the best you don’t need all these lies.

Don't you want a better life?

The siege must be broken...we know it might be a little tough, but we shall prevail.

tolue42:
Lol bad investment..... Lack of foresight I must say...cash out is allow after few years, just exactly what Tinubu did in Lagos , Invested 4bn Lagos money , made 15Bn profit through Econet share.

Atleast he step down and have no access to the state account, can you tell me boldly that Tinubu don't have access to the state account. He invested the money for the state rather than looting it or running it as it's own investment. No matter what you post against Obi, you will soon become obedient.

plaindealer:



I don't know, please educate me, including all Tinubu's money inside tax-dodging secret foreign Pandora accounts like crooked and corrupt Obi Pandora..

Thanks in advance..

U can keep ur money in offshore tax free havens. along as its legit money. unlike some hiding it with other people's names, buying properties in lagos and draining lagos treasury since 1999 till date.

Luchitec:
A former Governor of a state invested N1,955,535,247, and today the investment worth is about N2,240,266,952. An increase of about 15%, despite the harsh business environment in Nigeria now. Surprisingly, the only screeching headline the author of this piece could come up with is the USD equivalence of the investment and some folks are gleeful about the investment ‘loss”.

While some of Peter Obi peers in various states looted their state treasury, he had the uncommon sense to invest for the future. And here, based on a slanted headline, some folks are ecstatic. Jumping up and down…we finally got him. What a country!

So we should be celebrating the investor who lost $7,000,000?

Sigh.....

Investment was a loot pipeline. #FACT