Soludo said he was not aware of any investment in the state by any of his predecessors.

The Anambra State Governor, Charles Soludo, on Thursday said the purported investment of 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) by one of his predecessors in office, Peter Obi, is worth next to nothing.

Obi is the presidential candidate of the Labour Party.

Before clinching the party’s ticket, he governed Anambra State from 2006 to 2014.

He had invested millions of dollars in International Breweries on behalf of Anambra State as a governor.

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.

Speaking during an interview on Channels Television’s Politics Today on Thursday, Soludo said he was not aware of any investment in the state by any of his predecessors.

“I think there was something I read about somebody speculating about whatever investment. With what I’ve seen today, the value of those investments is worth next to nothing. So, let’s leave that aside,” the governor said.

He added, “We are handing out employment letters to more than 5,000 teachers to end an era of schools without teachers.

“We are going to have 240 plus doctors and consultants to man our general hospitals, so if you look at the five fingers approach of our programmes; we designed our budget to keep our eyes on the ball.”

https://saharareporters.com/2022/11/10/peter-obis-1224million-investments-anambra-governor-now-worthless-governor-soludo
Mynd44
Nlfpmod

Sense is poison to ipob pigs.

The animals will rather prefer Soludo lies that the $12m pandora Obituary stole is now worth $50b in Anambra possession, even though the state is seriously sinking from debt.

Meanwhile, the clowns are screaming everywhere that Tinubu pockets Lagos state. I mean same Lagos state that is most visited by economic migrants searching for daily bread.

Obi, the idiot with a Midas touch on reverse. Anything he touches turns to shit .

Obi is either a crook or a foolish investor.

I am going for crook.

Ok

etokhana:
Soludo said he was not aware of any investment in the state by any of his predecessors.



https://saharareporters.com/2022/11/10/peter-obis-1224million-investments-anambra-governor-now-worthless-governor-soludo

You blame APC government for frustrating investors in Nigeria with their bad policies, Anambra still control shares in Intafact, the company pays the highest tax to Anambra State Government till tomorrow

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, Anambra 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 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).
Under Peter Obi administration he attracted SABMiller, Orient Petroleum, Orenge drugs, Tiger Food, Stine rice, Innoson vehicle manufacturing, Eastern Distilleries, Tummy Tummy noodles and so many others, these companies paid huge taxes to Anambra State Government and employs thousands of Nigerians

Soludo is always unsettling Obimumu camp so that they won't come and hold him to turn Anambra to Dubai with money that isn't anywhere

post=118289832:


You blame APC government for frustrating investors in Nigeria with their bad policies, Anambra still control shares in Intafact, the company pays the highest tax to Anambra State Government till tomorrow

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, Anambra 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 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).
Under Peter Obi administration he attracted SABMiller, Orient Petroleum, Orenge drugs, Tiger Food, Stine rice, Innoson vehicle manufacturing, Eastern Distilleries, Tummy Tummy noodles and so many others, these companies paid huge taxes to Anambra State Government and employs thousands of Nigerians

Shut up or respond to the custodian of Anambra funds. Soludo said there is nothing like over $12m investment by pandora Obituary's govt, respond to that and stop telling useless stories.

Is Anambra the only state in Nigeria?

How come is only Anambra that investors are being frustrated?

This is an epic harsh verdict of posterity on the poor governance during Pa Obi's tenure.

While Asiwaju Tinubu invested LASG money in Airtel which has returned great returns and now the highest priced stock and pay dividends in US dollars on Nigeria Stock Exchange Pa Obi frittered Anambra state funds away.

Next February, fair minded and patriotic Nigerians will elect Asiwaju Tinubu as Nigeria's President as a punishment for mediocrity and wasteful judgement of Pa Obi.
check my signature for free stuffs!

etokhana:
Soludo said he was not aware of any investment in the state by any of his predecessors.



https://saharareporters.com/2022/11/10/peter-obis-1224million-investments-anambra-governor-now-worthless-governor-soludo
Mynd44
Nlfpmod

Even your wife, children, mother, father, siblings and even Nigeria itself is WORTH NEXT TO NOTHING since APC started ruling Nigeria.

Isn't God wonderful that Soludo was referring to the evil and failures of APC, Buhari and ThieffNubu the BatStard.

LeoDeKing:

Shut up or respond to the custodian of Anambra funds. Soludo said there is nothing like over $12m investment by pandora Obituary's govt, respond to that and stop telling useless stories.

Is Anambra the only state in Nigeria?
How come is only Anambra that investors are being frustrated?

You disgusting toad.
Why are you Yoruba pained?

Zombie and lifeless HIV positive idiot.

You've been sharing HIV to many Nairaland girls. I'll expose you if you keep attacking Peter Obi for no just reason.


Irredeemable Swine.

Soludo took over from Willie Obiano ("WO") so the queries should be directed to WO regarding what happened to the funds especially the over USD150 Million invested in Eurobonds at average yields of 10% per annum. This would have fetched USD15 Million per year whilst the principal amount of over USD150 will be repaid at the maturity of the Eurobond.

It's cheap blackmail to be ascribing the depletion of the funds to Peter Obi when he handed over to WO and WO handed over to Soludo. Anyway, it was rumoured that WO liquidated the investments and used the funds to build the Airport.

Even your wife, children, mother, father, siblings and even Nigeria itself is WORTH NEXT TO NOTHING since APC started ruling Nigeria.

Isn't God wonderful that Soludo was referring to the evil and failures of APC, Buhari and ThieffNubu the BatStard.

LeoDeKing:

Shut up or respond to the custodian of Anambra funds. Soludo said there is nothing like over $12m investment by pandora Obituary's govt, respond to that and stop telling useless stories.

Is Anambra the only state in Nigeria?

How come is only Anambra that investors are being frustrated?

O
D
E
APC bad policies affected shares of the companies quoted in Nigeria stock market, empty brain how will you blame Peter Obi, SABMiller companies is very active pay highest tax to state government still employed husbands of Nigerian effect of Obi, Under Peter Obi Orient Petroleum started exploration in Anambra, it was Soludo government that is benefiting, Innoson vehicle manufacturing plant started under Peter Obi administration, Orenge drugs company started under Peter Obi these firms are paying tax to Anambra State.

FSBoperator:
Obi, the idiot with a Midas touch on reverse. Anything he touches turns to shit .

Obi is either a crook or a foolish investor.

I am going for crook.

See the way you exposed your ignorance

FreeStuffsNG:
This is an epic harsh verdict of posterity on the poor governance during Pa Obi's tenure.

Peter Obi is the biggest threat to APC and PDP we are ready for you guys

post=118290279:

Peter Obi is the biggest threat to APC and PDP we are ready for you guys

Same Pa Obi you dragged in the mud as incompetent and mediocre fraud in governance or another one sir?

See your village o. Still you are recruiting other shifty less discerning folks to vote for someone who abandoned your village in the stone age. smh.

Nobody will take you all serious. Asiwaju Tinubu is not una mate in brilliance, competence and vision. Nigerians will elect Asiwaju overwhelmingly and ignore the less competent candidates.

Gbogbo yin ti lule sir.

post=118290258:

O
D
E
APC bad policies affected shares of the companies quoted in Nigeria stock market, empty brain how will you blame Peter Obi, SABMiller companies is very active pay highest tax to state government still employed husbands of Nigerian effect of Obi, Under Peter Obi Orient Petroleum started exploration in Anambra, it was Soludo government that is benefiting, Innoson vehicle manufacturing plant started under Peter Obi administration, Orenge drugs company started under Peter Obi these firms are paying tax to Anambra State.

Shinedu, listen to what Soludo said and respond appropriately.

Soludo said, the $12.24m invested by pandora Obituary is nowhere to be found. Answer him and stop typing nonsense.

Na Soludo talk am, no be me.

LeoDeKing:

Shinedu, listen to what Soludo said and respond appropriately.

Soludo said, the $12.24m invested by pandora Obituary is nowhere to be found. Answer him and stop typing nonsense.

Na Soludo talk am, no be me.

at least he didn't use it to traffic drugs �

Willie Obiano should take the blame for messing it up

LeoDeKing:

Shinedu, listen to what Soludo said and respond appropriately.

Soludo said, the $12.24m invested by pandora Obituary is nowhere to be found. Answer him and stop typing nonsense.

Na Soludo talk am, no be me.

I know one ex-governor that would have invested the money in his Chicago drug business instead of invest it in Sabmilller that is the highest employer of labour today in Anambra

I am here to press the useless heads of urchiins

Because Buhari economy made most investments in Nigeria worthless




Agbado urchins gloating in their failures

Ha

I wonder why people are twisting what Soludo said?

Soludo did not even mention Peter Obi's name. All he said is that he read about an investment somewhere and that the investment is worth next to nothing

He did not say what investments that was, or who did the investment

But people have already pushed Peter Obi's name forward and even claim they know the investments Soludo was taking about

Terrible

LeoDeKing:

Shut up or respond to the custodian of Anambra funds. Soludo said there is nothing like over $12m investment by pandora Obituary's govt, respond to that and stop telling useless stories.

Is Anambra the only state in Nigeria?

How come is only Anambra that investors are being frustrated?

Tinubu investments are in luxurious private jets.
Have shame for yourself

Don't blame the investor, blame your Government policies.

Even your life in Nigeria worth nothing as at today.

How can you even invest money that is badly needed for the development of your state in a private company worst still a company you have interest in ?

owobokiri:

Tinubu investments are in luxurious private jets.
Have shame for yourself

and also drugs in Chicago

Urchiins have no Shame at all

Olowoeko11:
How can you even invest money that is badly needed for the development of your state in a private company worst still a company you have interest in ?

You can because the money would have yielded profit if Buahari didn't kill the economy.
It's why they call it investment, are you urchins just daft?

Generational Urchins, won't stop amusing me.

PointZerom:
Generational Urchins, won't stop amusing me.

we are here to press their useless heads filled with drugs that Tinubu imported from Chicago

LeoDeKing:

Shinedu, listen to what Soludo said and respond appropriately.

Soludo said, the $12.24m invested by pandora Obituary is nowhere to be found. Answer him and stop typing nonsense.

Na Soludo talk am, no be me.

O
D
E
I believe SABMILLER is situated in your village

Igbos complaining Obi is bring attacked same you that insulted Tinubu behind oblivion.

TinubuDeDrugLor:



You disgusting toad.
Why are you Yoruba pained?

Zombie and lifeless HIV positive idiot.

You've been sharing HIV to many Nairaland girls. I'll expose you if you keep attacking Peter Obi for no just reason.


Irredeemable Swine.

https://www.youtube.com/watch?v=hJ1MHo0viEU