Soludo…sigh. Weird to see one so brilliant come across as fighting for relevance. Perpetually punching up. Anambra’s International breweries holding went from 4.7% to 1.5% due to Obiano not responding to rights issues, ergo dilution. As of today worth N1.6B from high of N26B. Some have asked for clarification on the “dilution” and how it affects valuation. Let’s look 4 friends who plan to start a business together and contribute 25k equally, so their capital is 100k. Biz does well and 2 years later they decide to make an acquisition to expand. They….

Whenever there is gist about lack of savings during last admin and they say governors didn't want to save, the comeback is why didn't FG save its share. With the way the federation finances are set up by law, this was not doable. A thread to explain. Starting point is the Constitution which was designed based on pre-democracy mindset where all money came into the FG and was then distributed to States. It requires ALL revenue to go into ONE Consolidated Revenue Fund account from where it is shared among FG, States and LGs.