[OPINION] Healthplus: Why PCN Must Remain Neutral africanexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanexaminer.com Daily Mail and Mail on Sunday newspapers.
HealthPlus: Why PCN must remain neutral
The Pharmacists Council of Nigeria (PCN)
By
The Pharmacists Council of Nigeria (PCN) has recently involved itself in a needless controversy over the disagreement between Alta Semper Capital, a renowned U.K. investment firm and Mrs. Bukky George, the founder and erstwhile Chief Executive Officer (CEO) of pharmaceutical retailer HealthPlus Limited.
It all started in 2017 when Alta Semper began talks with HealthPlus to give a lifeline to the business and help grow it. At the time Mrs George approached the PCN to secure a letter of “no objection” to the investment. Although such a letter was neither a pre-requisite for foreign investment in a pharmaceutical company in Nigeria, nor has the PCN ever issued it before, the regulatory body honoured the request in a bid to support Mrs. George and save HealthPlus from a potential collapse due to paucity of funds.
Daily Post Nigeria
Published
Good morning! Here is today’s summary from Nigerian Newspapers:
1. The Niger State Governor, Abubakar Sani Bello, has said that none of the abducted students of Government Science College Kagara, Rafi Local Government Area of the state has been released. The Governor said this shortly after the Islamic Scholar, Sheikh Ahmed Gumi met with the bandits.
2. The Governor of Kaduna State, Mallam Nasir El-Rufai, yesterday called on the Federal Government to immediately implement recommendations of the All Progressives Congress Committee on True Federalism to address the insecurity in the country. El-Rufai stressed on the failure of the central security system and advocated state police system.
Reps to probe UK-based firm’s stake in HealthPlus
Leke Baiyewu, Abuja
The House of Representatives has received a petition alleging that the Pharmacists Council of Nigeria has granted a waiver to a private equity firm, Alta Semper Capital UK, otherwise known as Idi Holdings, to become a part owner of a popular retail pharmacy chain, HealthPlus, in Nigeria.
A lawyer, Oladimeji Ekengba, of the Oladimeji Ekengba & Co (KKLM Chambers), petitioned the House over the alleged illegal issuance of a certificate of ‘No Objection’ to the firm by the PCN.
The lawmaker representing Bende Federal Constituency in Abia State, Benjamin Kalu, had on Tuesday laid the petition, dated February 15, 2021, before the chamber on behalf of the lawyer.
House Probes Firm over Alleged Unlawful Waiver to Co-own Retail Pharmacy thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.