…Sacks Over 1000 workers
…Shutdown 90% of his Manufacturing Investments earnings
…May contest for Anambra South Senatorial Ticket
…Seeks To Use Nnewi Cathedral project as his Campaign Tool
… Kickstarts Akwamozu , Akwa Nkwu, Ikuputa Nwa, Umu Asa event going campaign strategy
My investigative report and collaborated by a reliable informant has revealed the current body language of Chief Cletus Ibeto is indicative that he is now set to become a full time politician and with the following steps and decisions he has taken already, it doesn’t take a soothsayer to know where he is headed. Below are some of the steps taken by Ibeto to enable him to fully concentrate on his new line of career:
95% of his businesses haved closed… e.g
1. Union Battery …. Gone Moribund… Workers sacked while a Chinese firm in Aba have taken over the once lucrative business that employs a lot of our people
2. Union and Ibeto Brake Pad … Plant closed … Workers sacked
3. Union Brake lining … Plant closed … Workers sacked
4. Motorcycle fender … Closed … Workers sacked
5. Battery Lead Factory at Umuzu … Factory closed … Workers sacked
6. Clutch Plate plant … Closed …. Workers sacked
7. Wheel cover plant … Closed … Workers sacked
8. Photo studio … Closed
9. Marble plant … Closed
10. Rear light cover … Closed
11. Traffic indicator cover … Closed
12. Fan belt …. Closed
13. Vehicle Front Grille …. Closed
14. Motorcycle Traffic Indicator Plant…closed
15..Motor rear light plant… closed
16. All spare parts and machinery … Closed
17. Workforce … 90% sacked (over 1000 out of about 1200)
18. Kings Palace Hotel Main … Working at 15% capacity … reduced room rates to 5000 Naira per night and 2500 Naira for short time, Generator set goes off from 6am to 7pm unless there is a paid event, with fans not air condition
19. Kings Palace Hotel Extension opposite Nnewi High School …. Closed completely
20. Warehouses in Lagos …. On lease to 3rd parties with some converted to event center.
21. Tank Farm in Lagos … On Lease to 3rd parties
The only unit working in the entire Ibeto Group are some estates as well as the Lubricant unit Nnewi, of which their market share in that sector is less than 5% unlike major players like, Dozzy Oil, AZ, Seahorse, Wizoil, Tonimas etc
And many other indicators.
Taking cognisance of the level of decadence and a long list of failed and collapsed businesses in Ibeto Group, it immediately becomes clear to all and sundry, why Ibeto is desperate to sell Nnewi agenda, in hopes of currying favour and recover his past investment in sponsoring a candidate in the last election against the wishes of his people to resuscitate his collapsed businesses through Ego Anambra which he has started with Orient Petroleum Gas and Crude development in omasi Anambra North
This was hacked through the help of Dozzy Oil’s 4.8 Billion Naira and that of African Export-Import Bank (Afreximbank)
In pursuit of this, Ibeto has been accessing Gas through Orient Petroleum, even as he used Court processes to hamstring their Management, while EFCC and FG are investigating this presently
He tells everybody that this is his own share of Anambra empire which also explains why Anambra State doesn’t get a single kobo from Orient Petroleum deal for years now owing to the manipulations.
My candid advice to Chief Cletus Ibeto is to think about how to repay Dozzy (Akudo) his 4.8 Billion Naira plus acrued interests of over 5 Billion Naira (case coming up on 8th of March in Port Harcourt) and avoid the embarrassment of criminal forgery charges from EFCC, face his Ibeto Group squarely or recall his good but rejected Sons to bring back his dead businesses and restore his sacked workers (90% majorly from Nnewi).
It is also advisable Ibeto stops futher scheming to take over Nnewi roundabout square and Ugwu Akpati Ozu lands
As a matter of urgency, he should start the rehabilitation of Kings Palace Hotels as it is a big shame to Ndi Nnewi before embarking to help to finish the Cathedral which is almost 85% completed by Sen Dr Ifeanyi Ubah
Finally, Ibeto should come clean with the Family issues of Arinzechi in Nnewi, Mazi Omechalu in Ichi , Nwafor Orizu in Nnewi, Udeaja in Nnewi, Cameroon Man, Mama in London and others….
Someone who lives in a glass house respects himself and never throws stones at people.
Facts are incontrovertible and a word ( like this) is enough for the wise even at 70
In the light of the above, I hereby challenge anyone to disprove the above facts but most especially, to prove that Ibeto is the great industrialist as he is being hailed as well as show me hi positive influences and impact on Nnewi. It’s not a question of according a big name cum title on someone, but a question of the person being worthy of the name or title as the case may be so for someone who claims to speak for Nnewi, his positive impacts must be indelible and irrefutable…. I am waiting
This is just opening remark,expect more if any rejoinder comes.
MercedesBenz aka Mazi Onyeachonam