oyebanji:
obviously you dont know what you re saying. now let me educate you a little:

IB Plc's majority shareholder was the Castel Group. they are the owners of castel beer and they introduced the beer through IB Plc, ilesa. They ran the company for some years until SAB miller as part of its expansion bought into castel group making them new owners of the trophy brand and other associated brands. As part of expansion plans they started to buy old beer brands across Nigeria which included Pabod breweries (Hero beer) and others.

After some years AB In Bev bought over SAB Miller making them the largest brewer I the world and new owners of the trophy brand and other SAB miller brands in Nigeria.

He may have attracted them to take over Pabod breweries but not into Nigeria. The Castel Group's relationship with SAB Miller is not new and it strategic.

I hope this helps put it into perspective for you.

Originalsly:
He should give details on how their exit cost us N95 trillion. These positions just be pulling numbers out of the air. Is it in taxes? ...do they even pay taxes?...if yes where is it recorded in the books? We depend too much on foreign investors... why can't the red carpet rolled out for them be rolled out for locals? Let them all go .... now we will be forced to fend for ourselves

Makunahatata:
give the slot to your father..thanks

jaxxy:
How people will defend rubbish in the name of tribe.

Makunahatata:
Boda Bitter the lamenter😹

mrvitalis:

Oya name one person better than him I dare you

NB I know he won't name any but for the neutral reader reading this years top come ... This

bennybuhari:
“’I cannot take anything back about Obi. I said Obi said he wants to move Nigeria back from consumption to production and I said that is not true. He cannot do it because his own business survives on consumption. Is that a lie? He has been an importer and I said he deals with cash and carry economics; container economics, imports”.

“All the goods that can be produced in Nigeria, Obi imports them in his supermarkets. That is consumption economics. That kind of person cannot tell you that he is moving you from consumption to production. He will then be committing self-economic suicide and Obi will not do that to himself”.

“So, Obi is deceiving everybody and I can’t take that back because that is true.

https://independent.ng/peter-obi-deceiving-everybody-i-wont-retract-my-statement-about-him-dele-alake/
 

AdesegunSanni89:
Thief go and return the monies you stashed away in Panama and build factories in Naija.

Bennycollins:
Continue to abuse him.
He is immune to the consequences of what he is talking about because he is a multi -billionaire. He is LAMENTING out of concern for the poor you.
You are now like a child mocking it's mother as she mourns the death of it's father.

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/

Eagleways:
his son just offered you the slot

Bennycollins:
Continue to abuse him.
He is immune to the consequences of what he is talking about because he is a multi -billionaire. He is LAMENTING out of concern for the poor you.
You are now like a child mocking it's mother as she mourns the death of it's father.

Ikumapkayi:
Peter Obi, did you read what Dangote said yesterday? You have never worked in a multinational company Mr Obi. You are so ignorant. I have worked in multinational companies. Like I said I will never lose sleep over this multinational leaving our country. They are more liability than any good. They don't develop the local economy. They deplete our reserves by importing raw materials they can source locally and repatriating same through profits. They pay their Nigerian workers peanuts compared to what they give folks in their home country and Europe. Friesland (WAMCO) makers of Peak Milk have been in Nigeria for many years but don't have a ranch. They have sucked our forex for years just like Guinness. Moreso, many of them will blame the economy while they are not innovative and forward looking. They will also want you to believe the reason Asians are doing well is because they cut corners with Civil Servants. These are all lies.

mrvitalis:

Any of my statement u feel is a lie challenge it and I would show u prove

No be by deflection

mrvitalis:

"Anambra is the highest none oil or gas producer in terms of GDP... It has zero federal presence"

9japride:
[color=#006600][/color]

Most people defending rubbish here might not even be Nigerians. There is no connection to them as regards situation of the things in the country or they might be children who haven't worked or even setup a business in their life.
To them, everything is pepper eye politics.

Makunahatata:
nobody is deflecting.... start from here please
😂



Wetin u smoke to come up with this lie of the century 😹

anonimi:


Better than the LieNus machine of Pandora Papers and tax dodger?
Are you kidding or just clowning

mrvitalis:
Peter Obi has brought in more foreign companies in Nigeria than any politicians

He has supported more real local businesses than any politician in Nigeria and this has lead to more job creation more than any politician

From Anambra to Ogun to Lagos to Abuja to rivers to Kano

So be rest assured he knows what he is talking about and he knows n fears the impact

twilliamx:

Lmao

mrvitalis:

Anambra is fifth largest GDP

Lagos, then IMO, then rivers then Delta and akwa ibom then Anambra

Makunahatata:
oga you're the one deflecting now😹...na wetin we ask be that?

mrvitalis:

Oya name one person better than him I dare you


NB I know he won't name any but for the neutral reader reading this years top come ... This

Funkycares:

Obasanjo and Atiku

mrvitalis:

Which foreign investors did they attract lol directly

Funkycares:

At least Obasanjo policies brought in Mtn,econet and he protected local investors like Dangote,he banned importation of frozen foods in order to protect local farmers.
Btw,do you mean Obi has more investments locally than Orji uzor Kalu?

mrvitalis:

There is a challenge there name someone better