PHIPEX:
You think you are smart but empty. The interview was over 3 years ago when the company share price was around #40 per share. Your god Buhari supported by Tinubu killed Nigeria economy crashing share prices and naira value to what it is today, the share price is now down at #5. Calculate the value using the share price and dollar price when the interview was made in 2018 then return here with an apology

Buhari and Tinubu are not the reason why Nigerians are not drinking beer, our young folks and middle-class folks are not drinking beer like their fathers and rand fathers, they drink wine, Vodka, Champagne, Hennessy Whiskey, and so on, this is what you see on the table when you go to events, parties and weddings, you hardly see beer on the table.

Beer is going out of fashion and it's not Buhari's fault.

Abeg, come up with a sensible excuse for your poor investment choices,

And instead of changing direction like properly managing the investment against risks and downturns, they left the investment in that company unattended, they did not pay attention to losses and the fact that they are not getting dividends and return on investment for their money, they did not diversify, but Buhari is responsible for their poor choices and incompetence.

If you are a tinubu or atiku supporter, sorry, good leaders like peter obi is beyond your scope.

You should argue with your fellow supporters of corrupt politicians.

You have no credibility to demand for anything better than the crap you are supporting.

Meanwhile, Obi Pandora laughed ll the way to his secret foreign Pandora tax-dodging account..


Sad..

casualobserver:


I am a man who stands for truth and I just checked the share price in 2018. I deal in verifiable facts. I have no problem in admitting that on this I was wrong and Peter Obi was indeed right. Whether or not the interview was done in 2018, the stake was worth more than $100m in 2018. My other issues against Obi still stand until proven otherwise.

As for Buhari I have never been a fan or apostle of Buhari, never voted for him, even though I will vote Tinubu in 2023. I was around to see what he did when he 1st came in in 1983 and I warned he would be a disaster.

And you will vote for someone who brought him in? You will vote for Peter Obi. I will make sure you do personally.

plaindealer:



Buhari and Tinubu are not the reason why Nigerians are not drinking beer, our young folks and middle-class folks are not drinking beer like their fathers and rand fathers, they drink wine, Vodka, Champagne, Hennessy Whiskey, and so on, this is what you see on the table when you go to events, parties and weddings, you hardly see beer on the table.

Beer is going out of fashion and it's not Buhari's fault.

Abeg, come up with a sensible excuse for your poor investment choices,

And instead of changing direction like properly managing the investment against risks and downturns, they left the investment in that company unattended, they did not pay attention to losses and the fact that they are not getting dividends and return on investment for their money, they did not diversify, but Buhari is responsible for their poor choices and incompetence.

Peter obi left office more than 8yrs ago. He did his Job by securing for his state a profitable investment.
He and his the immediate past governor are not on very good terms. And peter obi is not a godfather that rules after he has left office.

As much as we can blame the immediate past governor for not carefully monitoring the investments(they call him a drunk afterall), we can not divorce buhari from the main fault here.

That old guy messed up our macro economics. Investments suffering across board.

The only person with the least fault here is peter obi.
While his mates were looting, he was investing for his state.

That is a good leader.

plaindealer:
Meanwhile, Obi Pandora laughed ll the way to his secret foreign Pandora tax-dodging account..


Sad..

Now I know you are trying to defame him.

Transparency has become a bad quality?

How many of your leaders can come out and be that transparent?

Why are you painting good as bad?

You think he has not been probed by the efcc?

shigishege:
I wouldn't have responded to you desident but let me put the record straight for you.
1. The money Tinubu borrowed according to your written statement here if true at least we can obviously see the tangible developmental result in Lagos of today. If you don't know the development in Lagos pls take a motor from you Enugu or I and come and check Lagos or listen to olamide's songs. If I carry you come Lagos my guy, you go love Lagos.

2. If okonjo ask you guys to save money ey is it only your governors that save the money. Why then is it thier own savings that's generating issues and complains??

3 Tinubu did not start his life in politics. He only delved into politics after fulfilling his destiny in private sector, if you want to know more about it, Google: Asiwaju Bola Ahmed Tinubu. He was already a made man before becoming a governor.

Lastly if you really want to know what bola Ahmed did with money ask your flat head colleagues who are in Lagos.

So u cant tell us what Tinubu did with the Billions he Borrowed? You people always say that Tinubu generated much revenue for Lagos state, i agree.. but where is the money? what did he use #530 billion loan he borrowed for? what did he used the $143 million dollars he borrowed for? we de complain of Buhari borrowing, go and read about ur master Tinubu. So u were deef when Okonjo iwela told the then Government of this coming recession and asked state Government to invest and save? You are here blaming an economists that understood the implication of what the finance minister said and obeyed, yet you praise the Governors that embezzled funds and even borrowed Billions too.. chaii..ur IQ level is below 20% walahi. So you cant mention what Tinubu was doing before he became Governor? Why is Tinubu still collecting individual task from every shop in every market in Lagos state? After explaining all these, if u still expect me to tell you that Tinubu is the most corrupt Politician in Nigeria, then you will wait for Long. I have my fellow sincere yorubas that know who Tinubu truly is. Ask Obanikoro or Jimi Agbaje who Tinubu is

CSTRR:

Peter obi left office more than 8yrs ago. He did his Job by securing for his state a profitable investment.
He and his the immediate past governor are not on very good terms. And peter obi is not a godfather that rules after he has left office.

As much as we can blame the past governor for not carefully monitoring the investments(they call him a drunk afterall), we can not divorce buhari from the main fault here.

That old guy messed up our macro economics. Investments suffering across board.

The only person with the least fault here is peter obi.
While his mates were looting, he was investing for his state.

That is a good leader.

Was Oga Pandora not in office back in 2013 and in March 2015?

The man was incompetent as a governor and as an investor.

SugarGirl44:


Hoebi thinks he's wise.
He kept that money and away for future stealing.
But he was clever about it.
Trust ibo people at your detriment.

lol, you sound like you need ice cream

DaveDGreat:


I love this on your profile

You sef like quarrel pass food

Dave, I am innocent
I was helping them post their advert

Theman18:
He only invested in companies he has interest and shares in
Like NEXT where he has interest, Fidelity where he was the chairman and others where he has interest and shares in.
Another fraudulent way of milking Anambra's money by blinding you lots

Can we get a list of the companies he invested in?

CSTRR:

Now I know you are trying to defame him.

Transparency has become a bad quality?

How many of your leaders can come out and be that transparent?

Why are you painting good as bad?

You think he has not been probed by the efcc?

Parking money inside a secret bank account is now transparent and of good quality.

Is it possible for something to be secret and transparent at the same time? Do you even know what you are talking about?

Is dodging taxes that you must pay in Nigeria a good and transparent quality?

People like you cry about bad roads, no water, electricity, and so on, but people like crooked and unpatriotic Oha Pandora are not paying taxes in their massive wealth to build the roads and bridges that they walk and drive on.

Obi Pandora is crooked, corrupt and an unpatriotic leech on society.

Navalsadiq:
you guys will receive the shocker of your lives.you think politics is about online noise making.it will shock you all.go and get your PVC

That's fine. But if it turns out you are the one shocked, hope you won't. mind?

casualobserver:

I have since verified Obis claims to be true.

You are not a regular BMC crew sir respect. I had someone like you here supporting Buhari in 2015. But he ran away after everything I told him will happen about Buhari began to happen. You are like him in that he is reasonable and can do what you just did. His mind about Buhari was made up. We were friends here but he couldn't bear the shame of Buhari's performance within 18 months.

Sir, join me now to campaign for Obi. Obi will help all of us. I am not from Anambra but I have lived here since his days in the Government house and I am talking from a point of experience.

casualobserver:


Why didn’t he include the 185b in contract liabilities if he can include FG refund that hasn’t crystallized

He has said in several media appearances that he did not owe any contractor when he left office. You can actually watch his interview with 90.3 fm on YouTube

https://www.youtube.com/watch?v=1RY2D7SLDE0

shigishege:
so you guys have forgotten kanu. How time flies

Meaning?

agabaI23:
He has said in several media appearances that he did not owe any contractor when he left office. You can actually watch his interview with 90.3 fm on YouTube

https://www.youtube.com/watch?v=1RY2D7SLDE0

....but he's a chronic liar..

PericomaNwankwo:


My engagement might seem like an attack. His engagement was an attack too.

He wasn't calling names

agabaI23:
He has said in several media appearances that he did not owe any contractor when he left office. You can actually watch his interview with 90.3 fm on YouTube

https://www.youtube.com/watch?v=1RY2D7SLDE0

you are clearly ignorant. I borrow 1m from the bank, I am due payment every month today is 22nd and my payment is not due till 30th. it is fraudulent for me not to include my loan (liability or debt) of 1m simply because it is not due till 30th. i have been through this adnauseum. it is fraud!!! it presents a picture of me being more financially buoyant than I am. Plus it breaches all rules of accounting.

agabaI23:
You are not a regular BMC crew sir respect. I had someone like you here supporting Buhari in 2015. But he ran away after everything I told him will happen about Buhari began to happen. You are like him in that he is reasonable and can do what you just did. His mind about Buhari was made up. We were friends here but he couldn't bear the shame of Buhari's performance within 18 months.

Sir, join me now to campaign for Obi. Obi will help all of us. I am not from Anambra but I have lived here since his days in the Government house and I am talking from a point of experience.

I deal in facts, you on the other hand dont seem to want to,. I have already told you that Obi's handover statement that you keep posting is actually evidence of accounting fraud because he failed to include the N185B contract. i have explained this many times and i wont go through it again with every Obi supporter, You can read my posts in this thread. The picture you keep posting to attract my attention is a fraudulent statement of accounts. liabilities. In your ignorance you dont know you are posting evidence of fraud. At least you know if presented with facts i will recant, now you show you are capable of same.

below is a post on the same issue I will not keep repeating myself with every Obi supporter. Obi commited accounting fraud in his handover notes.

casualobserver:


Clealry I am wasting my time with you. why did he include FG refund that he hasnt received but failed to include contracts he hasnt paid for. At least be consistent, if you are going to include cash refunds that havebnt materialised, then include contractor liabilities that havent materialised. If you are going to include bond investments that you have no access to because they havent matured, then include liabilities that havent matured. You cannot pick and choose, that is accounting fraud.

There is no doubt He inherited debt and will pas on debt to his successor, he also inherited assets and will pass on assets. Government is a continium. My contention is that he deliberately did not include the 185B debt because saying I left 75B sounds better than the truth which is he left N105 billion in net debt and liabilities as confirmed by Obiano a trained career accountant and professional banker, who knows how to prepare accounts.

There is nothing wrong with admitting your man was wrong, this is why Obi supporters have developed a reputation, it is as if admitting fault means you cant support your man. What you instead do is present yourselves a a bumch of people who dont use their brains and cant be reasoned with. I support Tinubu, he has many flaws, I wont defend it when people accuse him of this or that that I know is true. I will even admit he has plenty K-leg but upon all his K-leg, I still feel he is the better of the poor choices we have. The problem with the vast majority of you people is that you defend the indefensible.

casualobserver:


Abeg please stop quoting me. I am not interested in debating someone who does not understand the legal and accounting implications of a contract or someone who doesnt understand the basics of accounting and how many fundamental accounting principles are breached in that handover note.

including

Accrual principle, Conservatism principle, Consistency principle, Full disclosure principle, Reliability principle, Revenue recognition principle
Time period principle but i am certain you have no idea what any of these mean or else you will not be spewing out the crap you are typing.

There are a few level headed reasonable Obi supporters, i encountered one earlier in this thread but they are few and far between and you are clearly not one of them. I refuse to engage imbec1les who will continue to argue the world is flat because their leader says it is flat. I dont have time for idiots and the brain dead!

Freethinker87:


Not really, the Anambra ministry of finance does not have access to these funds as the investment is a CBO. A CBO is a corporate bond that pays annual dividends to shareholders and the full capital at maturity which will be in 2050. I don't think successive Anambra governors are interested in it since they don't have access to it.

I think they're not really happy about it.

. Thanks. On a good day I will add flesh and come out with a convincing stuff

olatuns2017:



Igbos and cruise

Trust you guys


I know when Tinubu is president in 2023

Una will start another propaganda

So that's all you can contribute to this post?

plaindealer:



Parking money inside a secret bank account is now transparent and of good quality.

Is it possible for something to be secret and transparent at the same time? Do you even know what you are talking about?

Is dodging taxes that you must pay in Nigeria a good and transparent quality?

People like you cry about bad roads, no water, electricity, and so on, but people like crooked and unpatriotic Oha Pandora are not paying taxes in their massive wealth to build the roads and bridges that they walk and drive on.

Obi Pandora is crooked, corrupt and an unpatriotic leech on society.

He is a businessman.

An importer long before he entered politics.
He has businesses in the UK and was recently invited by the UK govt for a dinner for business owners in the UK.

Its not secret account. You just did not know.

The relevant authorities know about it.

His taxes are up to date. He already submitted his tax returns dating back more than 10 years to the FIRS.

agabaI23:

He wasn't calling names

Did I ??

PAQ:


Na 3 course meal witch chop o!

Sixfiguresmart:

Firstly, I will advise you to learn how to quote someone on Nairaland. You quoted me twice and adjoined my comment to yours.

Secondly, I do not represent Obi or his appointees but from a professional POV, investment profits are not decided by research or one's level of education. Like I rightly called it a "volatile market" (that is a term that you must get accustomed to), you need to understand how it works. The market can be determined by many factors. Traders of face masks, hand sanitizers, denatured alcohol and oxygen tanks didn't see the massive profit ahead of them back in the early 2000s. Traders of stationaries and educational tools didn't imagine that two years could elapse on a free fall scale. The fashion world didn't foresee 2 years without fashion events and international shows. Event center investors didn't believe that corrosion and closure were associated with their business? It is called busi"ness" for a reason. When the market isn't busy, profit is either stalled or lost.
Let me provide a more realistic example away from business. The value of properties on Banana Island soars above the financial roof, right? Imagine that a volcanic eruption began right in the middle of the Island. Wouldn't that crash the value? Would you blame the estate valuers or call them incompetent?

Thirdly, there is no formula for success. The only suggestion is endeavor. That is what the man did. There is still a potential for growth in that business.

Lastly, in comparison to looted funds (money approved to better the lives of all Nigerians stolen by a thief for his own selfish and greedy use) , invested fund is extensively more noble, legal and credible.

Now, who has a more credible character, the man who looted or the man who invested?

If Nigeria were your company, who would you throw in jail, (the embezzler) the thief or the manager man who made less profit?

Tell yourself the truth and let sentiment hide in shame

Apologies Chairman. I have heard you. I was trying to remove my focus from the price of rice and the rice in Tinubu's warehouse.
You are supporting my point of view actually. Obi the investor is my choice.

OmoEpe:

Stop being clever by half. The black market rate shouldn't be used to calculate the value of investment when you used official rate initially, black market isn't used for official calculations

I did not do that. Check my attachment

2) Even at that the ROI is less than 8% per annum, that is daylight robbery because fixing the money would have done 2.5times that value.

Obi robbed the state blind with this Yahoo investment

Did you read the article? Did you see anything about the recession? etc

3) If the investment was in rice mills or local agricultural sector, apart from the employment that would have been generated, the ROI would have been more same for tax and revenue for the state.
Same result if it was even done in construction of houses for sale in GRA or even in the educational sector.

This investment was a result of crooked thinking and lack of foresight

By a billionaire who had been investing before possibly your mother was born?

Lagos had a similar investment of #4bn in econet but few years after it appreciated to $19bn, it was removed to fund the Lagos State Teaching Hospital, which today gets referrals from even FG teaching hospitals, part was used as counterpart funding for LAMATA which gave rise to BRT buses still being enjoyed till today.

Where is the money? It was liquidated through an unknown broker into a private wallet.

The difference in the 2 scenario is the quality if thinking if Asiwaju and Peter Obi

Give your company for Tinubu to run not Nigeria

Seun:
Can we get a list of the companies he invested in?

Why not do your research. Engaging paid Tinubu supporters like Theman18 is a waste of time.

I for one will always read on my own sha
Most Nigerians are too tribalsitic and only speak from a tribal point of view

This issue has been over flogged

Let us agree to ignore the dollar equivalent of the investment. would an investment that yields a 14% increase in 10 years be considered a smart investment. Why would I put billions of naira into an investment that would only yield 14% profit at the end of 10 years? I don't understand what the OP is trying to defend but it just doesn't make any economic sense.

plaindealer:



I asked you for facts, but you end up producing a caption that actually countered and trashed your own claims and false narratives.

The state awarded the $182 million contract for preliminary work as explained in the caption you posted with your own hand.

You scored your own goal.

In fact, what do you think the cost of the rail bridge over the Lagos Lagoon into the marina alone cost?

Look what am sayin they only carried out only one project which was the blue line project

agabaI23:

You are correct. This is what freethinkers said which I believe

Exactly bro, I'm a trader and know how these things work. Sadly we have dozens of trolls in nairaland who's good at nothing but hate and bigotry and the admins are part of these lots unfortunately.

There is a lot of mathematical misappropriation in all of these calculation. Breaking it down in very simple terms, what ever investment you make and got less than 20% profit in the Nigeria of today is a loss by default. Negative profit margin sets in first by inflation then by exchange rate both have been in double digits for the past four years. Nigeria is at loss. The Almighty CBN is running and managing huge losses. An average Nigerian will manage the Nigeria economy better when compared to all of the prodigal sons and daughters parading empty certificates in the name of Doctoral and Proferssorship in their failed endeavours. They are all reduced to debt managers because they can't solve simple problems with all their scholastic profile and prowess. But a Time is coming that their billions and assets will be worth nothing when a government that knows what it's doing gets into power. Most of the daft slowpoke parading themselves as billionaires with exotic properties with little commercial values, will never be able to soar above the tide for 10years when when real economist are in power. Only real investors and knowledgeable experts will keep above the tide. All these opportunistic billionaires that are all culprits and beneficiaries in the pit of debt being dug by incorrigible Nigerians for well meaning Nigerians, will all be brought to their knees someday. Vote whoever you like they don't have the solution.