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Nairaland Forum / Nairaland / General / Politics / Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) (48952 Views)
₦96 Billion Naira Fraud: Group Cautions Wike Against Judicial Rascality / ₦96 Billion Fraud: Supreme Court Judgment Vindicates Me – Amaechi / Ebonyi, Three Others Get ₦24 Billion For Ranching (2) (3) (4)
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Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by PurestBoy(m): 10:38am On Jun 22, 2022 |
agabaI23: I'm 2008 set, then nairaland was filled with brilliant minds before tribalists and zazuu boys take over. Where are these guys clemencykul, dayokanu, olawalebabs, jakumo, babyosisi, mukina2, billionaire, yuzedo, etc? |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Theman18: 10:39am On Jun 22, 2022 |
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 |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by haffaze777(m): 10:39am On Jun 22, 2022 |
Afamed: Confused soul you mean? 1 Like 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by tycoolest: 10:39am On Jun 22, 2022 |
bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing. |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by ogatboy(m): 10:40am On Jun 22, 2022 |
casualobserver: Okay then he got his facts wrong. I will verify when this statement was made because if it was in 2018 as people are claiming then he was very right because the price was almost $100 million. For now I will say he gaffed until I verify when the video was recorded 1 Like |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Maverick777: 10:41am On Jun 22, 2022 |
Itsrm:Read my second paragraph again and ponder on it, don't let sentiment becloud your sense of reasoning.. I wouldn't engage you further. |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Ikem11(m): 10:41am On Jun 22, 2022 |
Uniportadmision: Don't mind those fools. They messed the currency up and they blaming investors for it. How foolish and useless some Nigerians are 1 Like |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by tycoolest: 10:41am On Jun 22, 2022 |
michlins: bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing. |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by tamdun: 10:41am On Jun 22, 2022 |
Afamed:Oh boy, I just watched the video, obi can lie for Africa 1 Like 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by 27Pushing30: 10:46am On Jun 22, 2022 |
agabaI23: You obviously are not that literate and those 'praising this post sha are prime examples of why this country is not moving forward... people focus on irrelevant things. The post i read earlier countered a purported story that Peter Obi stated during an interview on Arise TV in 2018 that a $20m investment in the referenced brewery is now worth $100m. Even I was wondering how an investment could have such meteoritical rise in value over 4 years considering the economic climate during the period. If indeed that story that PO stated this is true then he needs to provide further clarity doesn't he? And other state governments routinely invest in projects and strategic businesses. Government's also provide counterpart funding in projects - even this government- so nothing special about what Mr. Obi is saying. What was special was the thought of an investment return of $80m - but alas true to the saying... if it sounds too good to be true ...it usually is. Anyway good luck to you lots focusing on the past and not the present and future. |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by omohayek: 10:46am On Jun 22, 2022 |
Uniportadmision:Why should I be "bitter", when I know that Obi's candidacy has about as much chance of succeeding as Nnamdi Kanu's fantasies about going to Abuja to remove "Jubril Al Sudani"? Your attempt at rebuttal is as unconvincing as the OP's: whether it's $5 to $100 million or $20 to $100 million, the reality is that the current financial value of the investment is wildly different from that, and even if the claim had been true for some few days in 2018, it's being used to campaign for Obi in 2022 - and is therefore a falsehood intended to mislead about Peter Obi's supposed investment wisdom. If Obi were really the investment genius you and his other supporters wish to make him out to be, he'd have been publicly pushing for the incumbent Anambra government to cash out the investment before the shares went into freefall, but instead he chose to boast about their value at the time, as if he thought the share price would always stay that way (or he imagined no one would ever ask him in future about his past boasting). It's no sign of brilliance to have an investment that peaks at some stratospheric value for a few days and then comes crashing down, as all the cryptocurrency fanatics are currently learning the hard way. The bottom line with Obi is that his candidacy is largely substance-free hot air, being pushed by aggressive lying and threat-making. Obi offers no concrete policies that set him apart from Atiku and Tinubu, and he is at least as compromised by corruption as Atiku and Tinubu (who, like the Obi fanatics say of their god, has never been arrested by the EFCC or convicted by the Nigerian courts). The only genuine selling point I see for Obi is the one his supporters are least ready to admit to (at least while they aren't attacking "Afonjas", "Yoruba Muslims", "Foolanis", etc.) - he happens to be the only Igbo man currently running for the presidency. That's it, the rest is all dishonest puffery. 3 Likes 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Nobody: 10:47am On Jun 22, 2022 |
michlins:honourable,my question is versus simple,I’d Peter going to rule for 16 years?he ruled his state for 8 years,what is the living like conditions of a common man in that state?Did he increase minimum wage in his state in those 8 years?remember Fashina ruled Lagos perfectly but bleeped up when he was minister for electricity!!!if you can’t turn a state around,what do u do with a country? 1 Like |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Ikem11(m): 10:47am On Jun 22, 2022 |
tycoolest: Check dollar to naira rate from 2008 to 2014 then Check the rate which the dollar gained from 2014 to 2022 you will start having sense ... Check the rate of obi's investment gain from 2014 to 2022 . The investment is doing so well but local currency keep inflating at a high rate . So because of that dangote should close his investments and stop building refinery? Think about that for a moment 1 Like |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by sekundosekundo: 10:48am On Jun 22, 2022 |
shigishege: All these children that have not even counted half a million won't let us rest with their useless analysis. |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:48am On Jun 22, 2022 |
Ikem11: Go and read before you engage me. The US experiences inflation. Maybe the APC/Buhari also killed the dollar |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Soso990240(m): 10:49am On Jun 22, 2022 |
shigishege:For the Records, the finance minister Then okonjo iweala told The Government and Governors to save money and invest because of the coming recession, why una no de get sense? others embezzled states fund and u still wan to blame someone that invested his state fund? tueeehh... Tinubu while leaving office had a total domestic debt of #530 billion naira, he also had a foreign debt of $143 million dollars that he borrowed from African development bank. What did he do with all that money? yet u people still said that he generated billions everyday for lagos state government. Please, how did Tinubu suddenly became so rich after being a lgovernor for 8years? if u cant get an answer to that, then u are just a wasted space. 1 Like |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Ikem11(m): 10:50am On Jun 22, 2022 |
Itsrm:Inflation at what rate? All currency suffer same but current administration murdered it at a fast pace |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by philipobiz: 10:51am On Jun 22, 2022 |
agabaI23:Omo! See super analysis. Weldone bro 1 Like 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by obailala(m): 10:51am On Jun 22, 2022 |
One clown even suggested that Mr Obi should be arrested for theft by EFCC cos of the drop in value of the investment. Ignorance on steroids! |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Uniportadmision: 10:51am On Jun 22, 2022 |
Ikem11: What most don't know or remember is that, the Obiano administration actually cashed out from that investment when the price was still decent. Agenda most agend. These days coming to nairaland makes me sick! The uneducated or illeducated (if I can use such a term) trolls are just too many. They spam the threads and topics with no meaningful arguments, they just talk aimlessly. Seun himself surprises me to be honest. 2 Likes 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by omomummy13: 10:52am On Jun 22, 2022 |
WE ARE HIRING!!! Job Title: Head, Financial Control Location: Lagos Employment Type: Full-time Requirements: A minimum of a 2:2 Bachelor’s Degree in Accounting, Finance, or any other related discipline • ACCA/ACA is required • 4 - 5 years’ experience in management and fund accounting. • He / She should have strong financial and accounting background, including an understanding of financial statement, ratios, and analysis. • Experience working with regulatory authorities, external auditors, internal controls, and compliance-related issues. • Ability to prioritize • A team player and goal oriented individual. • Excellent interpersonal, written, and verbal communication skills. • Exceptional organization and time-management skills. Job Description • Responsible for overseeing all of the company’s financial operations including Finance & Accounting, Tax, Admin etc. • Preparation of the monthly financial statements, including analysis and reconciliation of all key balance sheet and income statement accounts. • Preparation of the annual budget, analysis of operating results and a comparison of those results to prior year and budgeted results. • Cash flow management, including investment of excess cash and repayment of debts. • Ensure that all internal accounting procedures and policies are sound and in compliance with SEC and IFRS rules and regulations and other regulatory authorities. • Liaise with the Company’s auditors and ensure annual external audits are done in timely/effective manner. • Provide timely and accurate analysis of budgets, financial reports, and financial trends to executive management team and external sources. • Must be a SEC sponsored individual WE ARE HIRING!!! Job Title: Head, Compliance & Risk Management Location:[/b] Lagos [b]Employment Type: Full-time Requirements: Minimum of 3 - 5 years cognate experience in similar position • Strong knowledge of regulatory frameworks across financial services • In depth knowledge of financial crime and regulatory compliance • Previous experience in dealing with regulators including the Securities and Exchange Commission and other external stakeholders/law enforcement • Effective and comfortable in dealing with and liaising with a range of internal stakeholders across the business • In depth Experience in implementing globally acceptable compliance frameworks • Strong communication skills Job Description • Responsible for providing support to the team in ensuring compliance with the company’s operational guidelines for both internal and external operations. • Responding to correspondences and inquiries from regulatory authorities, and government agencies, as well as proactively liaising with them to resolve all Compliance-related issues. • Rendition of periodic returns to SEC and provision of information for half-year returns to client companies. • Support the implementation, continuous improvement, and monitoring of AML (Anti-Money Laundering) and CFT (Counter-Terrorism Financing) programs across the organizations. • Identify potential areas of compliance vulnerability and risk, as well as drive the development and implementation of corrective action plans for the resolution of problematic issues. • Exception Management: Provide support to the team by following up with relevant parties in resolving exceptions raised in Regulators’ audits. • Proactively seek to build mutually beneficial, and trusting relationships with both internal stakeholders (subsidiaries and shared service functions), and external stakeholders (i.e. regulators). * Must be a SEC sponsored individual Please send your CV to - info@dfcassetmanagement.com Thank you |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by nnamdi640: 10:52am On Jun 22, 2022 |
NaughtyBrainiac:You are wasting your time if you think Tinubu will get a meaningful vote in the north where you have a strong opponent Atiku and Kwa, again the Lagos vote will be divided. Obi already have south south and southeast. He just needs to get more vote from other zone not 100% but atleast 30%. It is only a criminal that will support Tinubu |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by sekundosekundo: 10:52am On Jun 22, 2022 |
tycoolest: Maybe your parents shouldn't have sent you to school considering your bad educational system? In investment, risk is the game and if you can't take the risk forget it. Obi took the risk as an investor and should be appreciated. If you're waiting for your economy to be top-notch before you invest, you won't go far in life. 2 Likes |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by casualobserver: 10:53am On Jun 22, 2022 |
ogatboy: He seems to be in a habit of getting his facts wrong. While you are verifying please also verify that 1. Anambra state government wa a the largest shareholder in the company as you heard him say….a lie 2. Contrary to the position being touted that he left 75b when he left Anambra, the real state of affairs was that he left a net liability of 105B. As he does by always being economical with the truth, he conveniently failed to mention that the state govt had contingent liabilities of 185B. A man of Peter Obi’s stature and business experience knows how to prepare accounts. I refuse to believe he was incompetent or inept. This was either deliberate attempt at being fraudulent or he is incompetent. But no accountant will give you a balance sheet and not state liabilities because they are not due today. The man is very clever with his choice of words. You have to decipher and investigate when Obi talks about his affairs. Because they are mostly lies and half truths. 3 Likes |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Afamed: 10:53am On Jun 22, 2022 |
tamdun:Share and keep the video for future use. We will surely bury the Pandora thief before 2023 election |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by OderaOdesigo: 10:53am On Jun 22, 2022 |
agabaI23: A lot of these people from Peter Obi’s camp actually do him more harm than good and they also exhibit a lot of low IQ. Even if what the previous writer put forward about Peter Obi was false, this so-called defence does him more harm than good. If someone invested that huge amount around 10 years ago and it has only appreciated in value by #240m then it is shameful. It is very terrible business. Consideration inflationary trends, what N20m could buy 10 years ago cannot be afforded by #240m today. For a state that was behind in basic amenities, what that #1.96bn could afford in 2012, #5bn cannot buy it today. This is such simple economics but those who are blinded by cheap talk can’t see the light. 2 Likes 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Itsrm(m): 10:54am On Jun 22, 2022 |
Ikem11: Even if we discount it at the rate of inflation in the US over that period of time, he still lost money. What exactly are you arguing about? |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Emnyte(m): 10:54am On Jun 22, 2022 |
PurestBoy:where is barcanista sef 1 Like |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Ikem11(m): 10:54am On Jun 22, 2022 |
Uniportadmision: Well I guess that's how to play their politics...spam the media to confused the minds of uneducated which rate is above the educated ones 1 Like 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Goalnaldo(m): 10:55am On Jun 22, 2022 |
Anytime I remember that we'll be fighting Boko Haram, ISWAP and other terrorists sects with only cassava and corn in our stomachs when Tinubu becomes President, my heart skips. 1 Like 1 Share |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by cheerishMe: 10:56am On Jun 22, 2022 |
Flora2Sweet:here in sweden Tinubu should be old people's home being taken care n clean his pampers daily |
Re: Peter Obi Invested N1.96 Billion And The Value Now Is N2.24 Billion (picture) by Soso990240(m): 10:56am On Jun 22, 2022 |
NaughtyBrainiac:Please aside Kaduna, please tell me a state in the North where Tinubu can defeat Atiku and Kwankwaso.. because e sure me say Kwankwaso go beat Atiku and Tinubu cleansheet in Kano |
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