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Dollar value of Peter Obi’s investment for Anambra now US$3.7million or US$5.3 million depending on exchange rate

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By Chioma Anyagafu

Given the repeated fake news about the current dollar value of the investment by the Peter Obi administration in SABMiller, it has become imperative to clarify the matter in public interest.

The Peter Obi Administration invested the sum of N1,955,535,247.00 (equivalent of approximately US$12,616,356.43 at the then average CBN exchange rate of N155.00/$1.00) in Intafact Beverages Limited, a green-field brewery being set up in Onitsha by SABMiller Breweries of South Africa in 2012. The Naira equivalent of this investment is stated and carried in the Reports of the State Accountant General with the Financial Statements for the fiscal years ended 31st December since then. These are public documents.

According to Ifeatu Onejeme, Commissioner of Finance, Intafact Beverages was subsequently consolidated into International Breweries Plc when the parent company, SABMiller of South Africa was acquired by Anheuser-Busch InBev (AB InBev), the world’s largest brewer. Based on this development, AB InBev consolidated and merged all its brewery operations in Nigeria under International Breweries Plc and all shareholders of Intafact Beverages Limited, including Anambra State Government (ANSG), received shares of International Breweries Plc for their respective investments.

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ANSG received and still holds 407,321,264 ordinary shares of International Breweries Plc in exchange for its investment in Intafact Beverages Limited . Based on the NGX closing price of N5.50 as at 20/6/22, these shares were valued at N2,240,266,952 on that date. 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).

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We do not want to join issues with the purveyors of the fake news but only need to state the facts to inform the public.

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Crime

Rivers state police neutralize four suspects in CDC chairman’s murder

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Rivers State Police Neutralize Suspects in CDC Chairman's Murder

The Rivers State Police Command has neutralized four suspects involved in the murder of Ndidi Livingstone, the CDC Chairman of Mgbuoshimini. The suspects were killed in a crossfire during a police operation. The police also arrested three additional suspects and six others linked to their criminal network.

 

The Rivers State Police Command has successfully neutralized four individuals linked to the murder of Ndidi Livingstone, the Community Development Council (CDC) Chairman of Mgbuoshimini. Livingstone was shot dead on January 13, 2024, in front of his church, Peculiar Faith Ministries, located in Rumueme, Obio/Akpor Local Government Area of Rivers State.

At a press briefing, Commissioner of Police Olatunji Disu provided details of the operation. He revealed that the suspects were killed in a crossfire between the police and the gang members.

 

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Also read: Rivers State police rescue 16 children from alleged trafficker

 

The incident occurred when four men attacked the church, dragged Livingstone out, and shot him multiple times with AK-47 rifles, all while his family and church congregants witnessed the horrific act.

Disu outlined that a team from the FID-Intelligence Response Team and the Rivers State Command conducted a nationwide manhunt for the perpetrators, following a viral video that captured the assassination.

The operation led to the identification and subsequent killing of Peter Daddy Chukwu, the mastermind behind the assassination, in his hideout in Ibusa, Delta State, on April 5, 2024.

The police also arrested three other suspects directly involved in the murder and six additional members of their criminal network.

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The arrested suspects are:

 

1. Nnamdi Emmanuel (alias BYC, 35 years)** from Onicha LGA, Ebonyi State. Emmanuel was identified in the video as the person who shot Livingstone in the foot.

2. John Lucas (34 years)** from Logoro LGA, Bauchi State. Lucas, a dismissed Lance Corporal from the Nigeria Army, was seen in the video firing the fatal shot. He also operated a gang specializing in procuring firearms for hire. The police recovered Improvised Explosive Devices (IEDs), military uniforms, five Skyrun refrigerators, and the Black Highlander vehicle used during the murder from him.

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3. Adebayo Adebayo (48 years)** from Ado Ekiti LGA, Ekiti State. Adebayo, a dismissed Sergeant from the Nigeria Army in 2019, was recruited by Lucas for the assassination. He was seen in the video wearing a special forces shirt and was apprehended while working as a Chief Security Officer at a Waste Management Company in Kwale, Delta State.

CP Disu praised the relentless efforts of the police in tracking down the suspects and emphasized the commitment to bringing all those involved in the crime to justice.

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Religion

Apostle Suleman reveals 3-year Jet servicing ordeal and divine message on forgiveness

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Apostle Johnson Suleman Private Jet Service Story

Apostle Johnson Suleman shared his frustration over a three-year ordeal with his private jet servicing, revealing a divine message on forgiveness.

 

Apostle Johnson Suleman of the Omega Fire Ministry has disclosed a personal struggle involving his private jet during a recent church service.

Suleman recounted how he faced frustration with the servicing of his jet, which he claimed was deliberately neglected by the service providers who wanted to pressure him into selling it.

 

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Also read: Gistlover confirms impersonator arrested after Apostle Suleman allegedly paid N10M

 

According to Suleman, after sending the jet for servicing, the maintenance team refused to work on it, despite repeated attempts to contact them.

Over a period of three years, Suleman alleged that they allowed the plane’s parts to exceed their recommended time frame, which is crucial for safe operation.

Suleman described his ordeal of repeatedly trying to get the jet serviced, only to face resistance from the service providers who were reportedly interested in buying the jet.

This situation caused him significant distress, as he struggled to get the necessary repairs done and faced mounting aviation costs.

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During this period, Suleman said he received a divine message while praying. He was instructed to forgive the individuals who had frustrated his efforts, with a warning that unresolved bitterness could jeopardize his spiritual well-being.

The cleric expressed that the Holy Spirit revealed to him that his inability to forgive could impact his chances of entering heaven.

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Eventually, after he chose to forgive, Suleman noted that the service providers contacted him, expressing their regret and readiness to complete the servicing.

He emphasized the emotional and spiritual lessons he learned from the experience, highlighting the importance of forgiveness.

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Education

Nigeria to integrate technology in education, says VP Shettima

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Technology Integration in Nigeria Education

Vice President Kashim Shettima announced plans to integrate technology into Nigeria’s education system to enhance learning outcomes, inspired by India’s success with KYAN smart class solutions.

 

Vice President Kashim Shettima has announced that the Federal Government plans to integrate technology into Nigeria’s education system to improve learning outcomes.

During a meeting with the World Bank Nigeria team at the Presidential Villa in Abuja, Shettima outlined the government’s commitment to addressing human capacity and resource challenges within the education sector.

 

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Also read: International education day: How NGO educated 33 students on peaceful coexistence

 

Shettima assured that President Bola Tinubu is dedicated to leveraging technological advancements to add value to the country.

He drew inspiration from India’s use of KYAN smart class solutions, which teach 50,000 pupils in rural areas, and expressed confidence that similar innovations could transform Nigeria’s education system.

“The integration of technology will significantly upgrade our education system,” Shettima said. He also stressed the need for a comprehensive education reform plan, including better infrastructure, teacher training, and technological implementation.

 

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Shettima emphasized that the federal government is committed to driving these changes, but success will require the cooperation of all stakeholders, including state governors.

Dr. Ndiame Diop, World Bank’s Country Director for Nigeria, highlighted the bank’s focus on improving governance, health, and education through its HOPE series projects.

These initiatives aim to reform governance processes, primary healthcare, and education facilities across Nigeria, with an emphasis on human capital development.

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