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Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. - Politics (5) - Nairaland

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BBC Interview:Tinubu Questioned On 4 Billion Dollars (N1.84 Thrillion) Net Worth / Peter Obi Questioned On Why He Invested $30m State Funds In His Family Business / Peter Obi Questioned On Why He Invested $30m State Funds In Company Where His Fa (2) (3) (4)

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Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Nobody: 9:29am On Jan 31, 2019
MarianaTrench:


There is a conflict of interest in investing state funds in a company controlled by a governor and his close associates you móron!
You are a foòl. The brewery in question was established by investors outside the country. Only outside investors succeed in brewery business in Nigeria despite being very lucrative. Obi, being a wise business man, invested state funds to it. Nobody also stops his family from investing their family money into the business. But a foòl like you will not understand

4 Likes

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Nobody: 9:32am On Jan 31, 2019
rusher14:


But against the law.

It means you are using state money to enrich yourself.

It's funny how you might think it's ok but when an unsubstantiated story of a relative of Buhari bought a distressed bank, many of you brought your daggers out.

My problem with you guys is that you deliberately misquote someone for malicious reasons. Obi said his family invested in a brewery that came outside the country to establish. The state govt also invested in the brewery. Anybody can invest in the brewery, cos they want investors to get bigger. Pls stop all this rubbish of misquoting a man for malicious reasons. Buhari, was accused of letting his poor family members buy a bank without AMCON laid down rules

2 Likes

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by OBAGADAFFI: 9:35am On Jan 31, 2019
Sirjamo:
What's the difference between what Obi did and what Babachir did?

Obi put government money in his family business

Babachir put government money in his personal business

http://ibileholdings.com/about-us/

About Ibile Holdings Limited
The Investment Company of The Lagos State Government
In 1989, Ibile Holdings Limited was established by the Lagos State Government as a key agent to diversify the economy and deliver both financial returns and socio-economic benefits to the State and its citizenry.

The Company has over the years focused on investments in the Banking, Insurance, Building and Construction, and Real Estate sectors; with a portfolio valued at over ₦15 billion as at 31 December 2014.

Ibile Holdings Limited is poised for further growth by taking advantage of the numerous opportunities available in Lagos State by driving the establishment of new industry sectors in collaboration with strong strategic and technical partners.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Nobody: 9:44am On Jan 31, 2019
Basher8583:


Stop thinking like an igbo man and start thinking like an educated person.
Obi's action alone is enough to have him jailed.
He invested same amount a snake and rat swallowed under this administration that you people believed ryt? He made a precise decision that will benefit the state. Have u heard Anambra owing salary?
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by psalmsjob: 10:22am On Jan 31, 2019
My question is:

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF? You gave the response of Peter Obi and not the question he was asked.

Great2017:


This is Obi's response :

"Personally, I have no investment; not even one Naira. Go to Corporate Affairs Commission (CAC) today, if you will see Peter Obi as owner of one share; it doesn’t exist. Next is a family company started by my own parents and as their child, I ran it at a time, and when I became Governor, I had nothing to do with it till today."

Can you show us where he said he invested Anambra State money into his parents' company, Next? I am sorry; I think your comprehension skill is poor.

I have advised you to stop comparing apples to mangoes. I will still advise you to shove away your sentiment.

Obi invested in an international company, though, some critic believe there will be conflict of interest. On the other hand, Babachir stole millions of naira. Obi's 30 million naira investment on behalf Of the State is worth 100 million naira now. Can that be said of Babachir, "the grasscutter"?
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by sherify2011: 10:32am On Jan 31, 2019
NwanyiAwkaetiti:
He invested same amount a snake and rat swallowed under this administration that you people believed ryt? He made a precise decision that will benefit the state. Have u heard Anambra owing salary?

Snake and Monkey didn't swallow money under this administration! People were busted during this administration. It was discovered the act has been perpetuated over time
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Great2017: 10:44am On Jan 31, 2019
psalmsjob:
My question is:

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF? You gave the response of Peter Obi and not the question he was asked.

Can you tell us the aspect of the question that Obi's response did not address?

I am not standing in for Obi, but, try to stick to the argument. Obi invested while Babachir stole to enrich himself. It is out of place to compare both actions. That is my stand.

If you have other unsettled matter against the candidature of Obi because you are unhappy or paid, that is a score you have to settle with Obi's supporters. I argue with my head and not with my heart.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by manikspears: 10:51am On Jan 31, 2019
Shayetet13:
If i see a lucrative business there is nothing stopping me from asking everyone i know to invest in it. Whoever has money can invest! I see no issue here. My family and a state government i control, investing on the same lucrative business with their various monies is not a bad thing

they behead people with this kind of mentality in Singapore.but this is Nigeria so you can carry on.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by psalmsjob: 11:02am On Jan 31, 2019
Just answer this question with your head please and I will explain how mango and orange are both fruits;

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF?

Great2017:

Can you tell us the aspect of the question that Obi's response did not address?

I am not standing in for Obi, but, try to stick to the argument. Obi invested while Babachir stole to enrich himself. It is out of place to compare both actions. That is my stand.

If you have other unsettled matter against the candidature of Obi because you are unhappy or paid, that is a score you have to settle with Obi's supporters. I argue with my head and not with my heart.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Born2Breed(f): 11:11am On Jan 31, 2019
MrSix:

You don't have any reasonable thing to say.

Stop being a media zombie, use your head.

I know one Moro.on will crave for my attention. Now you have it twerp. So compare both candidates interview and tell me how much of a ninny you will always be for supporting the lifeless demented one.

1 Like

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Great2017: 11:15am On Jan 31, 2019
psalmsjob:
Just answer this question with your head please and I will explain how mango and orange are both fruits;

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF?


Sorry, I am not interested. Go and debate that with PDP and APC supporters.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Okoroawusa: 11:16am On Jan 31, 2019
Robbing Peter to pay Paul
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Born2Breed(f): 11:18am On Jan 31, 2019
psalmsjob:
Just answer this question with your head please and I will explain how mango and orange are both fruits;

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF?


Stop this unnecessary repetition. States has been investing in multinational companies and its a profitable venture. Some states did with Econet and co.

Obi admin invested $30m and worth $100 in Obiano admin. This money will be channeled into Anambra states economy to the benefit of all Anambarians which includes the traders. So what's your point?

2 Likes

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Nobody: 11:34am On Jan 31, 2019
sherify2011:


Snake and Monkey didn't swallow money under this administration! People were busted during this administration. It was discovered the act has been perpetuated over time
See denial oooooo. So d snake wey swallow billion na during Jonathan time abi Or was that silly news a joke?
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by dominusgai(m): 11:35am On Jan 31, 2019
rusher14:


But against the law.

It means you are using state money to enrich yourself.

It's funny how you might think it's ok but when an unsubstantiated story of a relative of Buhari bought a distressed bank, many of you brought your daggers out.
It is not against the law sir, states have the autonomy to invest in anything that will bring profit to them. Did you not see the place where the state is now 70 million dollars richer because of that investment?

1 Like

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Basher8583: 12:14pm On Jan 31, 2019
NwanyiAwkaetiti:
He invested same amount a snake and rat swallowed under this administration that you people believed ryt? He made a precise decision that will benefit the state. Have u heard Anambra owing salary?

Basher8583 will refrain from bashing you simply because you are DROP DEAD GORGEOUS .
You shouldnt be in the political section please. Its not for prety ladies like you. It a really ugly section for rough necks.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by MrCounselor: 12:35pm On Jan 31, 2019
Baselm:

And that is why there has been the longest shutdown in US government history, because the House and senate wouldn't approve of such budgetary allocation

Nope, that's not why they didn't approve but that fencing themselves in is such a stupid idea in the first place.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by MrSix: 12:38pm On Jan 31, 2019
Born2Breed:


I know one Moro.on will crave for my attention. Now you have it twerp. So compare both candidates interview and tell me how much of a ninny you will always be for supporting the lifeless demented one.

Clap for yourself, you win.
...
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by sholatech(m): 2:36pm On Jan 31, 2019
umarshehu58:

My friend keep quiet. The only thing legal here is if he uses his own money, not state owned. Don't be a blind follower just because you hate the opposition

I dont argue with kids. Please answer, who are the owners of the company that Anambra state Govt invested in? Heard the name Sab Miller before?
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by psalmsjob: 2:40pm On Jan 31, 2019
Born2Breed:


Stop this unnecessary repetition. States has been investing in multinational companies and its a profitable venture. Some states did with Econet and co.

Obi admin invested $30m and worth $100 in Obiano admin. This money will be channeled into Anambra states economy to the benefit of all Anambarians which includes the traders. So what's your point?

The question I kept asking you which you are accusing me of repeating but that you keep avioding to answer is:

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF?

From your crafty answer I'll show you how much of a Cunny-Thief Peter Obi is:

You said it's ok for him to give $30m Anambra State money to a multinational company that's now worth $100m after almost 10years...BUT that's a bad investment choice....

Because if Cunny-Thief Peter Obi had invested $30m at $1000 each in 30,000 Anambra State traders almost 10 years I'm 100% sure those traders would have earned more than $233 each by now over thesame period which is the $100m or $70m profit he claims that investment in the multinational is worth now.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by psalmsjob: 2:49pm On Jan 31, 2019
Great2017:

Sorry, I am not interested. Go and debate that with PDP and APC supporters.

There's really no debating this because it's obviously a self serving investment that he's still secretly benefiting from because if Cunny-Thief Peter Obi had invested $30m at $1000 each in 30,000 Anambra State traders almost 10 years ago I'm 100% sure those traders would have earned or returned more than $233 each by now over thesame period.

The $100m or $70m profit he claims that investment in the multinational is worth now translate to $233 from each trader but you and I in our Church mind knows an Ibo man would have done more than that if $1000 to boost his/her business on a plata of gold the way Peter Obi gave it to those multinational?
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by Born2Breed(f): 3:24pm On Jan 31, 2019
psalmsjob:


The question I kept asking you which you are accusing me of repeating but that you keep avioding to answer is:

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF?

From your crafty answer I'll show you how much of a Cunny-Thief Peter Obi is:

You said it's ok for him to give $30m Anambra State money to a multinational company that's now worth $100m after almost 10years...BUT that's a bad investment choice....

Because if Cunny-Thief Peter Obi had invested $30m at $1000 each in 30,000 Anambra State traders almost 10 years I'm 100% sure those traders would have earned more than $233 each by now over thesame period which is the $100m or $70m profit he claims that investment in the multinational is worth now.



With your gibberish epistle,you are not still making sense.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by psalmsjob: 3:43pm On Jan 31, 2019
Born2Breed:


With your gibberish epistle,you are not still making sense.

Don't mind please...just wail on as usual because you can't understand this simple maths that's why they keep pressing your mumu button and you hail them as heros.

By February 16/17 everything will make sense to you grin
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by od501: 5:25pm On Jan 31, 2019
PaChukwudi44:

Devoloping a state and increasing $30m to $100m should carry a jail term?


Bro.. Na u get time dey educate this one. One with Buhari will always think like Buhari!
The whole thing is clear, the man said if you doubt him go to the CAC. So why the fuss? Jst save ur data for thing useful. What does Buhari know about business and investment ?
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by chiefobdk(m): 6:34pm On Jan 31, 2019
MrSix:
Errrm
I just finished streaming the interview on YouTube and I'd say that ,on a general note, I wasn't impressed.
There are implications to the answers made by Peter Obi especially. He wouldn't answer the questions but would throw them back, and also points stuffs in a direction I'd break down with their logical implications below. And as a matter of fact, he cared less if he was wrong as long as it paid or he wasn't caught. Same thing for Atiku, especially on the latter.

*If you steal money to feed the society, it's ok since the end of the outcome is good.
Question: What about where the money was taken from?
*If you can't prove God exists, then he doesn't exist.
Why: Because according to the Atiku/Obi/PDP logic, if you can't prove Atiku guilty of any corruption allegation, as a matter of fact, he didn't commit any.
Atiku expressly claimed OBJ investigated him more than any other politician/person and yet found no evidence for his allegations.

Those above break downs were the overtones of the interview; it doesn't matter if it's legal, but as long as Obi invested $30mil to result $100mil, it's ok. Clearly, the ends justify the means here. And also, if you've no evidence, it never happened.





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[s]
MrSix:
Errrm
I just finished streaming the interview on YouTube and I'd say that ,on a general note, I wasn't impressed.
There are implications to the answers made by Peter Obi especially. He wouldn't answer the questions but would throw them back, and also points stuffs in a direction I'd break down with their logical implications below. And as a matter of fact, he cared less if he was wrong as long as it paid or he wasn't caught. Same thing for Atiku, especially on the latter.

*If you steal money to feed the society, it's ok since the end of the outcome is good.
Question: What about where the money was taken from?
*If you can't prove God exists, then he doesn't exist.
Why: Because according to the Atiku/Obi/PDP logic, if you can't prove Atiku guilty of any corruption allegation, as a matter of fact, he didn't commit any.
Atiku expressly claimed OBJ investigated him more than any other politician/person and yet found no evidence for his allegations.

Those above break downs were the overtones of the interview; it doesn't matter if it's legal, but as long as Obi invested $30mil to result $100mil, it's ok. Clearly, the ends justify the means here. And also, if you've no evidence, it never happened.





Check my signature
I sell USA used Laptops
Free delivery within Lagos only and it's pay on delivery.
[/s]
MrSix:
Errrm
I just finished streaming the interview on YouTube and I'd say that ,on a general note, I wasn't impressed.
There are implications to the answers made by Peter Obi especially. He wouldn't answer the questions but would throw them back, and also points stuffs in a direction I'd break down with their logical implications below. And as a matter of fact, he cared less if he was wrong as long as it paid or he wasn't caught. Same thing for Atiku, especially on the latter.

*If you steal money to feed the society, it's ok since the end of the outcome is good.
Question: What about where the money was taken from?
*If you can't prove God exists, then he doesn't exist.
Why: Because according to the Atiku/Obi/PDP logic, if you can't prove Atiku guilty of any corruption allegation, as a matter of fact, he didn't commit any.
Atiku expressly claimed OBJ investigated him more than any other politician/person and yet found no evidence for his allegations.

Those above break downs were the overtones of the interview; it doesn't matter if it's legal, but as long as Obi invested $30mil to result $100mil, it's ok. Clearly, the ends justify the means here. And also, if you've no evidence, it never happened.





Check my signature
I sell USA used Laptops
Free delivery within Lagos only and it's pay on delivery.


If you cant prove Atiku guilty of stealing so it means he is guilty according to apc zombie logic
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by MrSix: 7:01pm On Jan 31, 2019
chiefobdk:
[s][/s]


If you cant prove Atiku guilty of stealing so it means he is guilty according to apc zombie logic
You obviously have badluck when it comes to thinking/logic.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by chiefobdk(m): 9:34pm On Jan 31, 2019
MrSix:
You obviously have badluck when it comes to thinking/logic.
Mtchewww. No be everybody get time
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by dominusgai(m): 11:03pm On Jan 31, 2019
MrSix:

You obviously have badluck when it comes to thinking/logic.
I beg to differ sir, it is APC guys that have badluck in thinking logic. Apparently Gaduje that was caught on camera receiving bribe is not guilty but Atiku that has never been condemned by any court known to man or has any document of any illicit transfer in his name is a criminal. How is that a good thinking pattern.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by dominusgai(m): 11:13pm On Jan 31, 2019
MrSix:
Errrm
I just finished streaming the interview on YouTube and I'd say that ,on a general note, I wasn't impressed.
There are implications to the answers made by Peter Obi especially. He wouldn't answer the questions but would throw them back, and also points stuffs in a direction I'd break down with their logical implications below. And as a matter of fact, he cared less if he was wrong as long as it paid or he wasn't caught. Same thing for Atiku, especially on the latter.

*If you steal money to feed the society, it's ok since the end of the outcome is good.
Question: What about where the money was taken from?
*If you can't prove God exists, then he doesn't exist.
Why: Because according to the Atiku/Obi/PDP logic, if you can't prove Atiku guilty of any corruption allegation, as a matter of fact, he didn't commit any.
Atiku expressly claimed OBJ investigated him more than any other politician/person and yet found no evidence for his allegations.

Those above break downs were the overtones of the interview; it doesn't matter if it's legal, but as long as Obi invested $30mil to result $100mil, it's ok. Clearly, the ends justify the means here. And also, if you've no evidence, it never happened.





Check my signature
I sell USA used Laptops
Free delivery within Lagos only and it's pay on delivery.
Comparing God to Atiku's innocence is one of the most abysmal things I have ever seen.
First of all, believe in God is not dependent on any thing real. But condemnation of guilt is.

In the court of Law, you are innocent until proven guilty. You seem to forget that Buhari still claims Avach did not steal despite Abacha's own family returning money.

In court, you do not condemn a person based on perception but based on evidence.

Yet Buhari seeing the video of Gaduje and the returned loot of Abacha still insists they are innocent but is determined to call Atiku a thief without even a piece of paper showing his name as a beneficiary of illicit funds.

So by your logic, we should find Atiku guilty because we don't have to see his evidence before hand but we should find Gaduje, Abacha and that grass cutter guy innocent despite all evidence seen against them.

What a logic, what a logic

1 Like

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by nwakibie3(m): 12:28am On Feb 01, 2019
psalmsjob:
Just answer this question with your head please and I will explain how mango and orange are both fruits;

If Cunny-Thief Peter Obi invested the $30million of Anambra State money on 30,000 Anambra traders at the rate of $1000 each wouldn't that be better than to give the whole money $30million to a multinational company?

Have you heard of SWF?


Give to people as trade money abi trader money

These apc supporters sef... so u think the best way to enrich people is to give them cash jst like your master osibanjo is sharing 5k
I dont think you saw the four walls of school.

1 Like

Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by MrSix: 4:19am On Feb 01, 2019
dominusgai:

I beg to differ sir, it is APC guys that have badluck in thinking logic. Apparently Gaduje that was caught on camera receiving bribe is not guilty but Atiku that has never been condemned by any court known to man or has any document of any illicit transfer in his name is a criminal. How is that a good thinking pattern.
Obasanjo has become a liar in that respect.

Ganduje bleeped up in the sense that he was videod, aside that he's no different froM other politicians.
Re: Obi Questioned On Why He Invested $30m State Funds In Company Where His Family.. by MrSix: 4:39am On Feb 01, 2019
dominusgai:

Comparing God to Atiku's innocence is one of the most abysmal things I have ever seen.
First of all, believe in God is not dependent on any thing real. But condemnation of guilt is.

In the court of Law, you are innocent until proven guilty. You seem to forget that Buhari still claims Avach did not steal despite Abacha's own family returning money.

In court, you do not condemn a person based on perception but based on evidence.

Yet Buhari seeing the video of Gaduje and the returned loot of Abacha still insists they are innocent but is determined to call Atiku a thief without even a piece of paper showing his name as a beneficiary of illicit funds.

So by your logic, we should find Atiku guilty because we don't have to see his evidence before hand but we should find Gaduje, Abacha and that grass cutter guy innocent despite all evidence seen against them.

What a logic, what a logic
Bro, morning
Did you happen to watch the interview? Atiku and even Peter Obi ran froM the questions they were asked to give answers in a way that even and intelligent man would operate in his folly to believe and be wowed by such answers. Peter Obi's was even worse.

Now, going by my initial stance and what you just wrote, let me point it out to you what's clear that you didn't see.

*Has God been proven to exist? NO! All we've are just claims, unsupported visions, perceptions etc. Same thing with Atiku.
In this case, Obasanjo has made his research and Atiku is guilty even though not charged in court, as according to you, you must be guilty before a courT of law. This is exactly why the God analogy came in. Has God been proven in the laboratory? NO! Yet people cast their beliefs on him. Tell me, how's that a problem that if God can't be proven then he doesn't exist which is parallel to the statement, "if Atiku's corruption allegations can't be proven, then they don't exist and thus, Atiku is not guilty."
But you see, you're being religious here. And I don't care because I expect any religious folk to always defend their God who doesn't give a fu...ck about them.

Ganduje has fell victim of the camera. He did what other politicians do but his was recorded with a camera, prolly unknown to hiM. Since there's evidence, he's guilty but has the court charged him? NO! If you think you're guilty only before the court then you need to have a rethink about the side you lay.



In another news...

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