₦airaland Forum

Whether prices is going down for this particular investment or not but he invested money. How many state governors invest states money

Peter obi invest this money when he was a governor but before The money added value maybe his tenure might have finished. The next governor That entered supposed make used the investment before The value depreciated assuming that govt has foresight.

Ofodirinwa:
Obi: invested in hopes of bettering state financial standing. Took significant loss

Tinubu: Receives Lagos Tax revenue, uses it for personal politics

Atiku: Primary sponsor of Miyetti Allah

Thank you my brother, some people claiming to be intelligent did not care to observer that he bought at an exchange rate of 155 naira to dollars and rate it now 600 to the dollars thanks to their almighty Buhari and APC... Hypocrits

GreenCovering:
That's one useful stat there.
So how will Obi explain 290% rise in product value, accepted that the economy shrunk by 260%, to his investment shrinking by 240%?

The value of naira deprecated though

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.

Keep crying because the dude is giving you guys heart attack o, you conveneintly ignored the part that stated he bought at 155 naira to dollars and your almighty Buhari and APC has crashed the naira value to 600 naira per dollar, or that he left power over 8 years ago and the other governor could have done the needful if required... Hypocrits, wether he wins or not, I am just glad his candidacy is giving you guys hypertension.

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..

No, you are an ignorant person who does not want to learn, the pandora spoke about his wealth he might not have declared and did not say he stole state finds, if he stole why can't your almighty Buhari proof it. Obi was a very wealthy man before politics, even his opponents in other parties have good things to say about him, you a nobody is talking as if ur opinion matters in the larger scheme of things.

plaindealer:
Obi Pandora aka Him Tu Lie don teach the future Pandora generation how to lie...

You don change mouth.

VERDA:
No, you are an ignorant person who does not want to learn, the pandora spoke about his wealth he might not have declared and did not say he stole state finds, if he stole why can't your almighty Buhari proof it. Obi was a very wealthy man before politics, even his opponents in other parties have good things to say about him, you a nobody is talking as if ur opinion matters in the larger scheme of things.

You get time to type of these for that illiterate.

So we should not vote man wey get vision to invest part of state money in better thing?
U are wasting ur time...its OBI or nothing else

nony43:
You get time to type of these for that illiterate.

VERDA:
No, you are an ignorant person who does not want to learn, the pandora spoke about his wealth he might not have declared and did not say he stole state finds, if he stole why can't your almighty Buhari proof it. Obi was a very wealthy man before politics, even his opponents in other parties have good things to say about him, you a nobody is talking as if ur opinion matters in the larger scheme of things.

bdon123:
So we should not vote man wey get vision to invest part of state money in better thing?
U are wasting ur time...its OBI or nothing else

Una don graduate from Obi Pandora lying Academy with honors....

JavaScript90:
Nigeria cluless leadership should be blamed for this. Na obi fault say over 2bn naira is now worth less than $5m ?

Someone invested 1.9bn and the money is worth 2.2bn today but the exchange rate just messed it up

Keep quiet and stop defending nonsense.All these politicians are the same and I have come to realize that there are millions of muguns in this country,most especially the youths.He claimed he invested $20m and as at today turned to $100m,so the main question is for the verification of whether the investments has gained interest to $100m or not .Same people that are praising him today would be the same that. Will castigate him later.May God not let us miss Buhari

michlins:
The shares value has doubled but it's not Peter Obi's fault that the value of naira has depreciated to a level that when converted to dollar, the investment sum is lower

But he said the $20m is now $100m?He might even be worse than Buhari,believe all these politicians at your own peril.
Nigerians are the real Muguns

nony43:
You get time to type of these for that illiterate.

Just like your Father

Ofodirinwa:
Obi: invested in hopes of bettering state financial standing. Took significant loss

Tinubu: Receives Lagos Tax revenue, uses it for personal politics

Atiku: Primary sponsor of Miyetti Allah

Please because you are on front page, kindly edit your comment to tell them the report is skewed. It didn't report at what value per share when Peter Obi invested over $12M of Anambra state funds, and the report did not state how much jobs and businesses have been created along the value chain?
The fraudulent report didn't mention why the dollar equivalent of the investment will definitely have to be low, which is the loss of value of the Naira to the dollar courtesy the APC government.

chinchum:
Fraud cases since 1998 that PDP that was in power from 1999-2015 could not subtantiate. He is now out of power since 2007. So for 8 years 2007-2015. They could not try him and make him pay.

I am critical thinker and not swayed easily. Sahara reporters owner is a presidential candidate and has increasingly been throwing shades on all the frontline candidates. I deal with facts and figures. Obi imvestment in Naira value has only increased marginally. Obiano did better with creating value with the airport and bridges built in Anambra. Obi did next to nothing with Anambra IGR. I took time to study his tenure from 2006-2014. Nigeria badly needs someone who can astronomically increase revenue, while putting an end to fuel subsidy to stop one of the biggest leakage.

Let me break your heart if you are open minded, he installed his crony from Fidelity Bank as a successor(Obiano) thinking he can control him but they fell apart in little time.

The airport you are talking about, obiano came out to tell us he did it with the money Obi saved for the State..obj in an interview as it then said he can't allow his running mate to be taken for trial then..and the same set of criminals have been to the ones in power since then..how then do u think they will look into into those fraudulent activities...they are same set of thieves moving from APC to PDP and then back...

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..

This zombie wey dey live under bridge calls peter Obi(a self made billionaire)a poor money manager....Smh

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

If this crap actually came from Soludo's team, then something is really wrong from them. This Ifeatu (if not fictitious) should not be involved in managing any sort of finance in Anambra State!


First in Naira terms the investment norminally went from 1.9 billion to 2.2 billion in less than a decade, and based on a local economy.

By Buhari's evil economic magic, courtsey of Asiwaju Tinubu, every asset in this country lost =(580-320)/580= 45% of there value from the day Buhari took over this country and Aso Rock became an Old Peoples home, dedicated to nursing dead people back to life. This 45% loss of value includes any thing you ever had before Buhari, not just Peter Obi's investment. Your car, you tv, house, private jet, etc.


Now to the valuation idioticity of so called Ifeatu Ona-something.
1. He failed to tell us how many people in Anambra Sab Miller Onitsha has employed directly.
2. How much they earned in the last 9 years, which went into circulation of the economy of Anambra State.

3. He failed to tell us how many people in Anambra Sab Miller Onitsha has employed indirectly, as cleaning contractors, trucking contractors, fuel supply contracts, cereal supply contracts, maintenance contracts, etc.
3. How much these people and their employees earned in the last 9 years, which went into circulation of the economy of Anambra State.

Not that any cost of labour is a full profit to the labourer.

4. How Much Anambra State government recieved as direct liquid tax payments from intefact Breweries, their direct employees and their indirect employees

5. He also failed to calculate the appreciation in the value of the land around Intefact Brewery Onitsha and the additional industrial establishment it has attracted, at least I am involved in one.

6. The local shareholders and Anambra State have been earning dividends from the Brewery, this is the only value among the gamut on the value chain represented by the share value of intefact brewery.

7. All of the above have been earned over 9years, he must also project their earnings in the remaining life of the plant, which if I take the usual 30 years, still has 21years to impact Anambra State before needing any major overhaul.

These are the real profits of an investment by a state or society, not just how much the shares are worth. Shares are a value only to a private or individual investor, Anambra State is a society.

For someone from Soludo's economic team to even be quoted on this kind of half baked asset valuation, without a rejoinder or a rebuttal, it puts a lot of Questions on Soludo's Credibility as a Prof. Of Economics, who could not find a knowledgable finance commissioner.

marsman:
He made profit in naira. But lost woefully in dollars. With the current rate of inflation, it might end the naira value of what he initially invested which will be lesser than $5 million. If they decide to pull out

Okay. There is still pandora and this.

The Pandora of a Thing, u should read more on it..they still came out to tell us Obi didn't carry out any fraudulent activities there..that those involved were picked up...all this things are only coming up to spoil his image,..... but thãt of tinubu and Atiku are clear..just that those people keeps hiding under The umbrella of party men so they can't be trialed.

Babaken:
that's how they use propaganda and fake stories deceive Nigerians to bring calamity from evil forest for Nigerians but this time then go fail

PDP and APC pack and Nigerians are tired of your type of government and politics.

Everybody want to be OBIDIENT to good development peace unity and progress we are not asking too much.

God bless you

MadamExcellency:
Stop facing Peter Obi, APC is the government of the day and PDP is the opposition that has failed woefully in forcing good policies on APC.

You only got hate and frustrations on emerging opposition.

Is Obi not part of the rot system, was the fraud not in PDP?

Paullo19:
He actually made profit..
$12.24 million at 2014's official exchange rate is ₦1.897 billion. $5.38 million at 2022's official exchange rate is ₦2.233 billion.

SAB Miller generates its revenue in naira, so it has actually been profitable. The problem is the naira has lost 33% of its value.

Yeah, you are right

Apart from the fact that the claim is factually wrong, it's also ludicrous of The Cable to portray a 14.5% gain as a 57% loss by mischievously quoting the amounts in dollars even though the investment was made in naira.

Is the fallen exchange rate Peter Obi's fault?
- David Hundeyin

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

You really are a clown. Was the investment made in USD? If you fixed 500k in 2014 and the current amount plus interest in now 750k. Ideally you should have made profit. But converting the said amount into USD would have made you lose a huge chunk of your investment. The blame should be put on the inept govt of Buhari who has seen the Naira lose its value over 300% in 7 yes. Ask why Dangote lost his spot on the billionaires list? Did his investments crumble or your demigod just made a mess of the Naira?

This allegation is pure evil. What was the exchange rate at the time of investment and what is the exchange rate now? The fact that you left the facts of the matter to demonize this man, rather desperately, means no one should make the mistake of taking you seriously. Your witchcraft skills is obviously work in progress.

VaginaMiners:
Lol
All your chest beating ends up on nairaland.
You are a scum of earth. A worthless piece of garbage who's living on borrowed time. An osu already dedicated to the spirirts
You are not doing better than the most useless dog in the world and you should feed your poo to your worthless parents since they were unfortunate enough to bore a social misfit such as you.

The effeminate looting machine from Agulu is going no where and your hollow noise won't change that reality.

See Obi sharing 50 naira to your worthless mothers below. The money is not even enough to purchase a loaf of bread

I'm not from the east and you calling those women worthless mothers only proves that you are a BASTARD OF A THOUSAND FATHERS. Simple condoms would have prevented a nuisance like you.

Paullo19:
The airport you are talking about, obiano came out to tell us he did it with the money Obi saved for the State..obj in an interview as it then said he can't allow his running mate to be taken for trial then..and the same set of criminals have been to the ones in power since then..how then do u think they will look into into those fraudulent activities...they are same set of thieves moving from APC to PDP and then back...

I wont subscribe to dem say dem say. Show me any where Obiano stated Obi money was used to build airport. Someone who is notoriously known to lie with statistics since the VP debate in 2018 can hardly be trusted. "The cable" is not the usual Nigeria print, they did an investigate journalism and crosscheck Obis claim of investing $20 million to now worth $100million. The stats shows a terrible performance. Obi quoted his investsment in dollars and not Naira, even if we cut him some slack for depreciated value of Naira

As of last month, Obi was still in PDP. I am not discussing party at this time. I am simply saying he is not what some superficial youths on social media is painting him to be. He is clearly médiocre. His investment is also self centred as there is a report stating his family ties to the company he invested in. He was saving money and refusing to borrow in a state with large infrastructural deficit. A road contract worth 5 billion in 2010 is now maybe 15 billion to get the same road fixed. Nigeria has never had an intelligent president, Tinubu is the nearest chance if he doesnt suffer any mental decline as he has obviously shown signs of physical illness.

When people say Buhari didnt perform as expected because he was sick, i tell them, you can not give what you dont have, it is not because of Buharis health.

chinchum:
I wont subscribe to dem say dem say. Show me any where Obiano stated Obi money was used to build airport. Someone who is notoriously known to lie with statistics since the VP debate in 2018 can hardly be trusted. "The cable" is not the usual Nigeria print, they did an investigate journalism and crosscheck Obis claim of investing $20 million to now worth $100million. The stats shows a terrible performance. Obi quoted his investsment in dollars and not Naira, even if we cut him some slack for depreciated value of Naira

As of last month, Obi was still in PDP. I am not discussing party at this time. I am simply saying he is not what some superficial youths on social media is painting him to be. He is clearly médiocre. His investment is also self centred as there is a report stating his family ties to the company he invested in. He was saving money and refusing to borrow in a state with large infrastructural deficit. A road contract worth 5 billion in 2010 is now maybe 15 billion to get the same road fixed. Nigeria has never had an intelligent president, Tinubu is the nearest chance if he doesnt suffer any mental decline as he has obviously shown signs of physical illness.

When people stay Buhari didnt perform as expected because he was sick, i tell them, you can not give what you dont have, it is not because of Buharis health.

If u say obi is not what they are painting him to be, the who is? The drug baron , the father of thugs plus a fraudster or the other one who sold Nigerian properties some to himself and others out ND forwarded public money to his foreign account �

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

you might be correct, but how would we know if we don't try. Tinubu and Atiku are massive failures and even a hazard to an already damaged country. You don't expect me to cast my vote for such characters. and still, if you have someone who you believe is the ideal candidate and is contesting, then tell us, we will see if we can cast our vote. Besides that, please be quiet and let pple that have valuable points to make chair the campaign. Thank you

obembet:
Just like your Father

You must be very stupid. Did I mention you here? PIG

Missy89:
Another good example of a low iq Obi supporter. How does his butt taste?

Obidient butt licker

You people will fail this time since PDP and APC don't want Nigeria to change for good Nigerians will change them for better.

plaindealer:
Una don graduate from Obi Pandora lying Academy with honors....

What is Pandora?