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Politics

Senator Umeh speaks on Obi ‘investing state funds in business he owns’

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The Labour Party candidate for Anambra Central Senatorial District, Senator Victor Umeh, has said that Peter Obi, presidential candidate of his party for the 2023 election, did not invest state fund in his personal business.

POLITICS NIGERIA reports that SABMiller Brewery ownership scandal in Anambra State had stirred a conflict of interest concerns following allegations linking former governor Obi to a stake in the firm which was established 10 years ago. This matter against Obi, has been in the spotlight since 2012.

Obi is accused of fraudulently financing the purported government-owned company with state funds when his company has an interest in the group.

Speaking in an interview on Channels TV’s Political Paradigm aired on Tuesday and monitored by POLITICS NIGERIA, Senator Umeh defended Obi.

“He didn’t invest state fund in his business. He did not. Maybe the state partnered in a business he also has interest. It’s a share,” he said.

“That his family company bought share in that company has not made it illegal.”

He added: “The conflict would be if the state fund was diverted to his advantage. There is no conflict in what he did, because he doesn’t manage the company.

“The SABMiller Brewery they are talking about, the owners largely are from South Africa.”

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