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Victor Umeh Speaks On Obi Investing State Funds In Personal Business

Senator Victor Umeh, a prominent member of the Labour Party (LP), has refuted allegations that Peter Obi, the party’s presidential candidate, used public money in his own venture.

According to claims cited by Anaedoonline.ng, the former governor of Anambra allegedly has stock in SABMiller Brewery and that Obi invested state money there.

The LP presidential candidate is charged with using state funds to fraudulently finance the alleged government-owned firm while his business has a stake in the organization.

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In an interview that aired on Tuesday on Channels TV’s Political Paradigm, Senator Umeh denied allegations that the former governor had invested public money in his company.

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A share in that company was purchased by Obi’s family company, according to the LP candidate for the Anambra Central Senatorial District, who emphasized that the transaction was lawful.

However, Umeh asserted that South Africans are primarily the owners of the SABMiller Brewery.

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

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

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“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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