Peter Obi Questioned On Why He Invested $30m State Funds In Company Where His Family Owns Shares

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.”

52 Comments

  1. I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again!

  2. Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently fast.


  3. I just want to say I am very new to blogging and site-building and actually enjoyed your page. Probably I’m going to bookmark your blog post . You surely come with wonderful articles and reviews. Thank you for sharing with us your webpage.


  4. […]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[…]…

  5. There are certainly a great deal of details like that to take into account. That is a terrific indicate raise. I provide the ideas above as general motivation however clearly there are inquiries like the one you raise where one of the most essential thing will certainly be working in sincere good faith. I don?t recognize if best methods have actually arised around things like that, yet I make sure that your task is plainly recognized as a fair game. Both young boys as well as women feel the impact of just a moment?s pleasure, for the remainder of their lives.

  6. Thanks for writing this. I really feel as though I know so much more about this than I did before. Your blog really brought some things to light that I never would have thought about before reading it. You should continue this, Im sure most people would agree youve got a gift.

  7. Today, I went to the beach with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  8. Aw, this was a truly great blog post. In idea I want to put in writing similar to this additionally? taking some time and actual initiative to make a very good write-up? but what can I claim? I procrastinate alot and also never seem to obtain something done.

  9. great put up, very informative. I wonder why the other experts of this sector do not notice this. You must proceed your writing. I am confident, you’ve a huge readers’ base already!

  10. You made some respectable points there. I viewed the net for the issue and also located most individuals will certainly go along with with your website.

  11. I loved as much as you will receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this increase.

  12. I like this site so much, saved to bookmarks. “I don’t care what is written about me so long as it isn’t true.” by Dorothy Parker.

  13. hello there and thank you for your information – I have certainly picked up something new from proper here. I did however expertise a few technical points the usage of this web site, as I skilled to reload the website many instances prior to I could get it to load correctly. I had been thinking about in case your web host is OK? Now not that I’m complaining, but sluggish loading instances instances will often affect your placement in google and could damage your high-quality ranking if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Well I’m adding this RSS to my email and could glance out for much more of your respective exciting content. Make sure you update this once more very soon..

  14. I’m extremely inspired with your writing talents as well as with the format in your blog. Is that this a paid theme or did you modify it your self? Either way stay up the nice high quality writing, it’s uncommon to peer a great blog like this one nowadays..

  15. That is a really good tip particularly to those new to the blogosphere. Simple but very precise information… Appreciate your sharing this one. A must read article!

  16. This is a topic that’s near to my heart… Thank you! Exactly where can I find the contact details for questions?

  17. I’ve learn several good stuff here. Certainly price bookmarking for revisiting. I wonder how much effort you put to create this kind of excellent informative site.

  18. I wanted to thank you for this excellent read!! I certainly loved every little bit of it. I have got you book-marked to check out new things you post…

  19. There are some interesting points in time in this article yet I don?t recognize if I see every one of them center to heart. There is some legitimacy but I will take hold opinion up until I check into it additionally. Good post, many thanks as well as we want extra! Contributed to FeedBurner as well

  20. Szczepionka przeciw grypie jest około 40 do 60 procent skuteczna, gdy typ wirusa w szczepionce jest zgodny z krążącym wirusem. Dla tych, którzy zachorują po otrzymaniu szczepionki przeciw grypie, szczepienie może zmniejszyć nasilenie objawów.

  21. I was suggested this web site by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are amazing! Thanks!

  22. I just could not leave your website before suggesting that I extremely enjoyed the usual info a person supply to your guests? Is gonna be back regularly in order to check out new posts

  23. I simply want to say I am just all new to blogging and truly loved you’re web site. Most likely I’m likely to bookmark your website . You absolutely have tremendous well written articles. Thanks a bunch for sharing with us your website.

  24. Pretty! This has been a really wonderful post. Thanks for providing these details.

  25. Everything is very open with a precise description of the challenges. It was truly informative. Your website is extremely helpful. Thank you for sharing!

  26. Hi there! This article couldn’t be written much better! Looking at this article reminds me of my previous roommate! He constantly kept preaching about this. I most certainly will forward this post to him. Fairly certain he’s going to have a good read. Thank you for sharing!

  27. Dozowanie oleju Vape może być również trudne. Zależy to dokładnie od tego, ile wdychasz i od stężenia cieczy waporyzującej.

  28. Wonderful site you have here but I was wanting to know if you knew of any message boards that cover the same topics discussed in this article? I’d really love to be a part of community where I can get opinions from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Thank you!

  29. I needed to thank you for this fantastic read!! I definitely loved every little bit of it. I have you bookmarked to look at new stuff you post…

  30. Hey, you used to write magnificent, but the last several posts have been kinda boring… I miss your great writings. Past few posts are just a little out of track! come on!

  31. Wow that was unusual. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say great blog!

  32. Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I am going to come back once again since i have book-marked it. Money and freedom is the best way to change, may you be rich and continue to guide others.

  33. There are absolutely a great deal of details like that to take into account. That is a great indicate raise. I provide the thoughts above as basic inspiration yet plainly there are questions like the one you raise where one of the most essential point will be operating in truthful good faith. I don?t understand if finest practices have emerged around things like that, but I make certain that your work is plainly determined as a level playing field. Both kids and also ladies really feel the effect of simply a moment?s satisfaction, for the rest of their lives.

  34. This is the perfect blog for anyone who hopes to understand this topic. You realize a whole lot its almost hard to argue with you (not that I personally would want to…HaHa). You certainly put a new spin on a topic that has been discussed for years. Great stuff, just great.

  35. Very efficiently written article. It will be supportive to anybody who utilizes it, including myself. Keep up the good work – i will definitely read more posts.

  36. I’d should check with you here. Which isn’t one thing I often do! I get pleasure from reading a put up that can make folks think. Additionally, thanks for permitting me to remark!

  37. After looking at a few of the blog articles on your blog, I truly appreciate your way of blogging. I book-marked it to my bookmark site list and will be checking back in the near future. Take a look at my web site as well and let me know what you think.

  38. It’s really a nice and helpful piece of info. I am glad that you shared this helpful info with us. Please keep us informed like this. Thank you for sharing.

  39. I’m excited to discover this site. I want to to thank you for your time for this fantastic read!! I definitely appreciated every bit of it and I have you book-marked to look at new stuff on your website.

Leave a Reply

Your email address will not be published. Required fields are marked *