NewStats: 3,263,262 , 8,179,592 topics. Date: Thursday, 05 June 2025 at 10:05 AM 4c2b5z

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, Anhe-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 istration 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).”


IB PLC’S SHAREHOLDERS & THEIR CURRENT STAKES


Checks by TheCable showed that International Breweries has two major shareholders with stakes above 5 percent. The highest shareholder is AB INBEV Nigeria Holdings BV with 72.03 percent followed by Brauhaase International Management GMBH with 8.85 percent. These details are contained in the company’s financial report dated March 2022.

AB INBEV NIGERIA HOLDINGS BV – 78.44%
BRAUHAASE INTERNATIONAL MANAGEMENT GMBH – 8.85%
FREE FLOAT – 11.03%.
Further checks showed that these individuals/ special purpose vehicles (a subsidiary company that is formed to undertake a specific business purpose) are part of the company’s minority stakeholders. They include:

Olugbenga Awomolo – 1.24%
Michael Onochie Ajukwu – 0.27%
Igwe Nnaemeka Alfred Achebe – 0.15%
Akintoye Sunday Omole – 0.01%
Peter Nwokike Anugwu – 0.02%

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

Nigerians are just looking for someone because of the hardship this current istration brought us. but Peter Obi has nothing to show,shout,abuse,tag and say anything u like. Peter Obi is not better than the others still a failure as the rest.. continue shouting OBIEDIENT, election is not done on social media. The party that doesnot even have a campaign office... mark my word Obi will never be the president in 2023.. wailers 1-2-3

This authentic news is from Ogbomosho propaganda machine the Cable but Afonjas will still be doubting it and calling the people's choice Peter Obi a fraud. Afonjas never ceases to amaze us

Obi: invested in hopes of bettering state financial standing. Took significant loss

Tinubu: Receives Lagos Tax revenue, uses it for personal politics

Atiku: Primary sponsor of Miyetti Allah

Lol bad investment..... Lack of foresight I must say...cash out is allow after few years, just exactly what Tinubu did in Lagos , Invested 4bn Lagos money , made 15Bn profit through Econet share.

So now he really invested money before thought you guys said he never did now the 12million na 5million APC and PDP go shit for shot while trying to under-market peter obi i am seriously radical obedient Mr,go and

Peter Obi news everywhere. Atiku and Tinubu boys make Una try rest. The same things you guys are accusing PO's ers, you guys are doing worst. Wahaluuur!

Nigeria cluless leadership should be blamed for this. Na obi fault say over 2bn naira is now worth less than $5m ?

Someone invested 1.9bn and the money is worth 2.2bn today but the exchange rate just messed it up

This one pain you because beer dey involved bah, hypocrite swear sey you no dey pour gulder or beer for inside buta when you wan do alwala

Hisbah21:
Nigerians are just looking for someone because of the hardship this current istration brought us. but Peter Obi has nothing to show,shout,abuse,tag and say anything u like. Peter Obi is not better than the others still a failure as the rest.. continue shouting OBIEDIENT, election is not done on social media. The party that doesnot even have a campaign office... mark my word Obi will never be the president in 2023.. wailers 1-2-3

Peter Obi is on every one's lips morning , afternoon and night

We like the audience

Peter Obi Tsunami is sweeping everywhere and we are happy

after4:
This one pain you because beer dey involved bah, hypocrite swear sey you no dey pour gulder or beer for inside buta when you wan do alwala

no 1 wailer..next

HIM TU LIE er lies a lot, if your candidate is truly the best you don’t need all these lies.

People are struggling to dent this guy's image.

Hisbah21:
Nigerians are just looking for someone because of the hardship this current istration brought us. but Peter Obi has nothing to show,shout,abuse,tag and say anything u like. Peter Obi is not better than the others still a failure as the rest.. continue shouting OBIEDIENT, election is not done on social media. The party that doesnot even have a campaign office... mark my word Obi will never be the president in 2023.. wailers 1-2-3

This reminds me of what an unlucky spinster would say, All men are the same.

Peter Obi just dey give them assignments

I think sey una talk sey hem no invest, so now the money no reach 100m
Abeg show us the one wey Lagos landlord invest or atifku the Dubai tenant invest for adamawa

walefresh3:

..but Obi Pandora laughed all the way to secrete foreign Pandora with almost triple that amount, $15 millions.


The man is not only a thief, he's a poor and incompetent money manager.


Poor people of Anambra got swindled in broad daylight...


Sad..

Come out make I finish you, hypocrite. How many bottles of beer you don drink today.

Abi you dey still dey fin who you go bomb make you fit drink that imaginary rivers of ogogoro? See ogogoro no dey give blood oh, nothing dey inside

Hisbah21:



no 1 wailer..next

We have said it countless times that Peter Peter Obi is a thief

after4:
Come out make I finish you, hypocrite. How many bottles of beer you don drink today.

wail wailer

I dey wait for you oh, zombie

Hisbah21:


wail wailer

after4:
I dey wait for you oh, zombie

ok

At least he is a manager, show me you tilumbu own

plaindealer:
..but Obi Pandora laughed all the way to secrete foreign Pandora with almost double that
amount, $9 millions.


The man is not only a thief, he's a poor and incompetent money manager.


Poor people of Anambra got swindled in broad daylight...


Sad..

Imagine even Olugbenga Awomolo is the single largest individual shareholder in the said brewery.

I’m pretty sure he has the largest stake as a Nigerian in that brewery but yet these guys won’t let us hear word.

What I don’t understand is Obi Pandora penchant for lying. Why should he say it is $100million openly when he’s not sure of that and he clearly know it isa lie?

I now see why those IPOB bureau of statistics guys are always emboldened when they quote fake statistics. It is as tho that in that region, people generally just quote figures and no one ask them for sources which explain why lot of them have that fake attitude to everything.

If they lie and you try to ask them for sources, their response is always “go and ” or they can say “Yoruba media” or say “Lagos Ibadan expressway”. I’m sure they will still do same on this thread.

Double check

These are paid dogs and we know



This is how far they can go just to control the narrative, unfortunately they cant

EtinosaDLaw:


Stop trying to create imaginary beef between Igbos and Yorubas. Dead this stupid narratives, we shouldn't let rubbish like this dictate our future and who to move us forward. Over the years that we have been making tribalistic decisions, how has it affected us??


TO ALL PETER OBI ERS NATIONWIDE:

I say this to you, DO NOT RELENT OR REST ON YOUT OARS. The fact that both PDP and APC have combined to attack you is a sign that you're doing something right. Don't let anyone convince you that a leader should be elected on basis of tribe or turn. Despite that Obi is from a region that has been shortchanged

If God be God.e no suppose better for anybody still ing apc

What’s it called when you keep doing the same thing over and over again expecting different results?



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