The crisis in the African Democratic Congress (ADC) has taken a new dimension as different factions have now endorsed three different presidential candidates while its own standard-bearer, Dumebi Kachikwu, continues to express displeasure over the moves by the party.

Meanwhile, elements in the party have on different occasions announced their endorsements for the presidential candidates of the Peoples Democratic Party (PDP), All Progressives Congress (APC) and Labour Party (LP), Atiku Abubakar, Bola Tinubu and Peter Obi, respectively.

But the gale of endorsement has met stiff resistance from the presidential candidate of the party, Dumebi Kachikwu, who has dismissed it as the handiwork of people trying to allegedly sell the party for a pittance.

Tribune Online checks on Monday revealed that the party standard-bearer is livid that those he referred to as corrupt party members are making his campaign difficult by creating the impression that the party has no presidential candidate.

Sources close to Dumebi Kachikwu affirmed that due to the actions of a few members of the party, he has been unable to kick off his presidential campaign in states because he has been left with nobody to welcome him.

“The other day, they endorsed PDP, APC and today again, it is Labour after collecting money from them. How can one party endorse three parties? That means what am saying is true,” the source lamented.

Kachikwu’s camp is however, blaming the situation on the erstwhile national chairman of the party, Chief Ralph Nwosu, who, despite being ousted by the court for overstaying his tenure, is believed to still be in control of much of its affair.

Latest report on ADC’s endorsement of the Peter Obi presidential bid was said to have come at the heels of the formation of a grand coalition working for the realization of the LP victory in Saturday’s presidential election.

CoronaVirusRelo:
Peter’s loot did not go round.

The money he dropped couldn’t have paid all party members.

CoronaVirusRelo:
Peter’s loot did not go round.

The money he dropped couldn’t have paid all party members.

Jestin:
Obi is coming like a tornado

CallmeTrinity:
NO ONE CARES ON SATURDAY THW WHOLE COUNTRY IS VOTING OBI

AnonPoet:

https://tribuneonlineng.com/confusion-trails-adcs-purported-endorsement-of-obi-atiku-tinubu/

Donvictor2015:
ADC is for LP. The earlier agbado and mikano urchins accept the fact, the better for them.

speedyGonzales:
Atiku Abubakar lists all the companies he owns

Below is some information on his companies:
1. Intels

Intels Nigeria Limited provides integrated logistics services for the Nigerian oil and gas industry. It offers agency services; cargo services; port management and support services in shore bases; and manages client operations, including pipe racks, stacking areas, warehousing, enclosed areas, jetties, offices, water tanks, fuel storage, generators, compressors, and various other services and facilities.

2. Prodeco

Prodeco operates in Nigeria with two companies: Prodeco (Property Development Company) operating within the main territory of Nigeria and Prodeco International operating in Oil & Gas Free Zones. The first company was incorporated in March 1996 as a property development company. Over the years, PRODECO has engaged in building, marine, and infrastructural construction for various clients in the oil and gas industry.

3. Atiku Abubakar farm

He also has a farm in Adamawa state. In 1981 he moved into agriculture, acquiring 2,500 hectares of land near Yola to start a maize and cotton farm. The business fell on hard times and closed in 1986. "My first foray into agriculture, in the 1980s, ended in failure," he once said in 2014. However, since then his farm has expanded and blossomed.

4. ABTI schools

The major part of this is the American University of Nigeria (AUN). It is located in the city of Yola, capital of Adamawa, one of Nigeria's 36 states. The campus, which occupies nearly 1000 hectares, is a serene mixture of desert and farmland. Adamawa, one of the six states in northeast Nigeria, shares the longest borderline with Cameroon Republic.

https://www.naija.ng/1124128-atiku-abubakar-lists-companies-owns.html#1124128

politicoNG:
Mikano International Limited, promoters of Mikano Generators, has denied any link to former Vice President and the presidential candidate of the Peoples Democratic Party, PDP, in the 2023 general elections, Alhaji Atiku Abubakar.

The Managing Director of the company, Firas Mamlouk in a statement said Mikano is not affiliated to the former vice president in any way.

The statement reads: “The attention of the Management of Mikano International Limited, promoters of Mikano Generators (amongst other products), has been drawn to numerous articles and press statements stating that the Company is owned by/affiliated with Atiku Abubakar, GCON.

“This disclaimer is a notice to the general public that the news does not represent the true facts as it concerns Mikano International Limited. Please be informed that Mikano International Limited is not owned, affiliated, associated, authorized, endorsed by, or in any way officially connected with HE Atiku Abubakar GCON.

“Members of the public are therefore advised to disregard the news”.

https://www.vanguardngr.com/2022/07/mikano-denies-link-with-pdp-presidential-candidate-atiku/

Urheadmaster:
Peter doesn't give shishi get that into your medulla oblongata

post=121088653]Urchins and Mikano hitting dear heads over structureless party
[/quote]

Is everyone supporting Peter Obi a pathetic liar just like the useless man who hides money looted from Anambrarians in Panama, while pretending to be a stingy pauper to scam those who are not diligent in information searching for fact-checked sharing?

[quote author=SATANICALLY:
In a 2018 interview, Peter Obi said he invested $20 million in International Breweries on behalf of Anambra state as a governor.

Obi’s claim was in response to questions on economic development, Anambra politics and his presidential ambition.

“… Anambra state is the single-highest shareholder in that facility. I invested in it, over $20 million,” Obi had said.

“It is worth almost $100 [million] today. That’s what government should do.”

TheCable had previously fact-checked some of the claims.

Chukwuma Soludo, governor of Anambra, also debunked a recent statement ascribed to him regarding the investment.

International Breweries (IB) Plc is a subsidiary of the world’s largest brewer, Anheuser-Busch InBev (AB InBev) — a multinational drink and brewing giant based in Leuven, Belgium.

In its 2021 audited financial statement, the company said it holds 43 percent economic interest in International Breweries Plc, a publicly listed company in Nigeria.

According to a report by The Nation, AB InBev merged its Nigerian operations under a single corporate entity in 2017. It had three indirect Nigerian subsidiaries — International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited. SABMiller Nigeria Holdings BV — another subsidiary of AB InBev — was also a major stakeholder in Intafact and Pabod.

ANAMBRA’S INVESTMENT

In a statement made available to TheCable on Tuesday, Ifeatu Onejeme, Anambra’s commissioner of finance, confirmed that Peter Obi’s administration invested the sum of N1,955,535,247.00 (an equivalent of approximately $12,616,356.43 at the then average CBN exchange rate of N155.00/$1) in Intafact Beverages Limited, a green-field brewery set up in Onitsha by SABMiller Breweries of South Africa in 2012.

Onejeme added that the state government still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for the Intafact Beverages Limited investment.

“Based on the NGX closing price of N5.50 as of 20/6/22, these shares were valued at N2,240,266,952 on that date,” the statement reads in part.

“Based on the Central Bank of Nigeria I&E exchange rate of N415.75/US$1.00 on same June 20, 2022, this investment was valued at an equivalent of approximately US$5,388,495.37 (and at N604/$1.00 parallel market rate, only US$3,709,051.24).”

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