₦airaland Forum

Peter Obi, vice-presidential candidate of the Peoples Democratic Party (PDP), has explained why he invested $30million of Anambra State funds in a company owned by his family.

He stated this in response to a question by Kadaria Ahmed, host of ‘The Candidates’, a presidential town hall co-production between Daria Media and the Nigerian Television Authority (NTA), with support from the MacArthur Foundation, held in Abuja on Wednesday.

He claimed that the company belonged to his parents, and he had no dealings in it after he became a public officer.

His words: “I brought International Breweries into Nigeria and as a Governor of a state, they built a greenfield facility in the state and they came to me and said ‘as our partner, we want you to own 15 per cent of this company’, and I said to them ‘No, right now, I am the Governor of a state. I know the future of this brewery, and I want the state to own 10 per cent and since I’m no longer involved in the company, they can own five per cent’. I put in $30million of state money there, it’s now worth $100million and it’s still there. No other state in this country has such investment.

“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.

“I also invested $50million of Anambra State money in the power sector. I invested several billions in banks, including banks where I have shares. I was investing for the future of the state; it doesn’t matter whether I have shares or not. If I have the opportunity of building the future of the state, wouldn’t I have done that?

“I left office in this country, leaving Anambra State with investment in cash of N75billion. The day I left office, we had $56million, N12billion in Fidelity Bank.; in Diamond Bank, $50million, N12billion; in Access Bank, $50million, N12billion for Anambra State. Show me in the history of this country where anybody has left 10 per cent of that.”

http://saharareporters.com/2019/01/30/peter-obi-questioned-why-he-invested-30m-state-funds-company-where-his-family-owns-shares

rusher14:
First question:

Did he really bring international breweries to Nigeria?

Joevics:
Mynd44 Lalasticlala . Seun

Always try to verify news before posting. Despite been a Forum, you may be tarnishing someone's image by moving unverified news to front page.

naijapips02:
Face the topic. Did peter obi say he inherited $170 million from his parents? Can you show me where he said this? or did you guys listen to a different interview than the one every other sane Nigerian listened to?

I demand as a matter of urgency that that topic be taken down from the front page or I would have this site closed down for peddling false news.

rusher14:
First question:

Did he really bring international breweries to Nigeria?

naijapips02:
This site should be closed down. You can't hide under the pretence of being a forum to peddle news that can destroy the Nation.

Seun we know you and we know where you are. You pushing a false news to the frontpage is giving it credibility.

Don't let your overzealous moderators drag you into problems that you can't handle.

This is your final warning.

Zombicmodz:
NO
International breweries was founded by Lawrence Omole in the 1970s.

rusher14:
I'm facing the question using your quote.


He claims he brought international breweries to Nigeria. Is this true?

You are avoiding this easily verifiable fact, aren't you?

His words: “I brought International Breweries into Nigeria and as a Governor of a state, they built a greenfield facility in the state and they came to me and said ‘as our partner, we want you to own 15 per cent of this company’, and I said to them ‘No, right now, I am the Governor of a state. I know the future of this brewery, and I want the state to own 10 per cent and since I’m no longer involved in the company(family company), they can own five per cent’. I put in $30million of state money there, it’s now worth $100million and it’s still there. No other state in this country has such investment.

naijapips02:
Mr man read the topic of this thread. Are you sure you are okay? Did peter obi say he inherited $170 million from his parents yes or No?

your poor attempt at diverting the main course of discuss will not work. Either you face the topic or you get out.

maybachmusic:
Lalasticlala


Front page pls


Before nairaland gets sued

rusher14:
I would use any portion of his statement to examine his truth or falsehood.

naijapips02:
That statement reads "I brought international breweries into anambra a a governor and not the INTERNATIONAL BREWERIES"

Peter obi brought in Intafact breweries with is co-owed by sabmiller.

Read up, this thing.

Almaiga:
Op stop trying too hard to defend your pay master. Peter Obi is a serial LIER. Nothing you say will change Nigerians view about Obi.

naijapips02:
This site should be closed down. You can't hide under the pretence of being a forum to peddle news that can destroy the Nation.

Seun we know you and we know where you are. You pushing a false news to the frontpage is giving it credibility.

Don't let your overzealous moderators drag you into problems that you can't handle.

This is your final warning.

rusher14:

His words: “I brought International Breweries into Nigeria and as a Governor of a state,

This is a direct quote from the OP.

Are you suggesting the OP, quoted him wrongly?

rusher14:
First question:

Did he really bring international breweries to Nigeria?

gidgiddy:
Obi never said he brought international breweries to Nigeria, he said he brought it to Anambra.

gidgiddy:
Obi never said he brought international breweries to Nigeria, he said he brought it to Anambra.

rusher14:
But the quote by the OP suggests otherwise.

naijapips02:
SAB Miller breweries is a local brewery owned and started by Tinubu abi? you zombies are just so daft it's annoying.

naijapips02:
obi did bring international breweries to Nigeria as a governor. One of those international breweries is SAB Miller which opened a plan in Anambra.

rusher14:


Your oga said international breweries.