Guinness Nigeria Plc has joined the list of firms such Skye Bank, UBA, FirstBank and MTN who have been slapped with billion naira fines for defaulting in the ethics of their businesses.
The National Agency for Food and Drug Administration and Control, NAFDAC, revealed through its Head, Investigation and Enforcement, Kingsley Ejiofor, that it has fined the multinational the sum of N1 billion for re-validating expired products without authorization and supervision.
Guinness was also ordered to disclose all its warehouses in the country and submit the inventory level of the stock; submit a written voluntary consent of forfeiture for destruction of the expired and re-validated raw materials discovered in your warehouse; and submit a notarised undertaking to comply with all the guidelines, rules, regulations and enactments of the agency, and to refrain from any future violations.
Reacting to the news on Wednesday, Guinness said it received a letter from NAFDAC asking for the payment of N1 billion and that they were given 2 weeks to pay the said fine.
“The management of Guinness Nigeria does not fully understand the basis for the computation of the administrative charges nor the particular regulations alleged to have been infringed, and is currently in discussions with NAFDAC with a view to gaining better clarity on the issue and hopefully have it resolved,” it said.