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NBC IN TROUBLE: AS CONSUMER PROTECTION COUNCIL DRAGS COCA COLA TO COURT….

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Nigeria filed a suit Monday against Coca-Cola for allegedly refusing to comply with orders from the Consumer Protection Council over two half-empty cans of evaporating Sprite.

A consumer complained to the council, which investigated the short-filled cans of Sprite bought at a supermarket in Abuja and recommended legal action.

The consumer council in February warned Coca-Cola that Nigeria was not a “dumping ground for substandard products” and said that it had also been been inundated with complaints about rusty cans, rusty bottle tops and foreign particles in beverages.
It said the half-filled cans continued to evaporate during its investigation.

Attorney General Mohammed Bello Adoke, who is also the justice minister, filed the suit at the Federal High Court in Abuja against Coca-Cola Nigeria and its chief executive, and the Nigerian Bottling Company and its managing director for criminal breach of the Consumer Protection Act.

He accused both companies of “deliberately failing, refusing and/or neglecting to comply” with orders to subject their manufacturing processes to its inspection, and filed an additional charge against Coca-Cola for refusing to appear before the council. Nigerian Bottling manufactures the products under the license and authority of Coca-Cola Nigeria.

The infractions carry jail terms of three to five years. Coca-Cola did not immediately respond to a request for comment.
Considering the wide coverage of Coca-Cola products in Nigeria, Africa’s most populous nation of some 160 million people, the council found the development with the cans of Sprite a threat to public health, as opposed to an isolated incident.

Keep a date with us as we will update you with information as they unfold.

NBC RESPONDS TO THE ABOVE ALLEGATION…………..

 

NBC, COCA COLA’S RESPONSE TO CPC’S CHARGES OF VIOLATING CONSUMER PROTECTION ACT…………

The attention of Nigerian Bottling Company Limited (NBC) and Coca-Cola Nigeria Limited

(CCNL) has been drawn to certain news reports on the subject.

We wish to comment as follows:

1. We note from media reports that criminal charges have been filed against NBC and CCNL in

relation to alleged violations of the orders that were issued by the Consumer Protection

Council in February 2014 following a consumer complaint involving two (2) short-filled cans

of Sprite. To date we have not been served with any criminal charges.

2. NBC and CCNL have the utmost respect for the Consumer Protection Council as a regulator

and an agency of government and will continue to cooperate with the Council on this matter.

3. We filed applications for a judicial review of these orders in February 2014, which review is

pending in the courts. We do not believe that our submission to judicial review is in violation

of the Council’s orders. We have full trust in the Nigerian judicial system.

4. Our consumers and customers are our highest priority. NBC and CCNL take all matters

relating to our products very seriously and remain committed to maintaining the highest

international quality and food safety standards.

5. Out of respect for the ongoing court processes, we do not wish to comment further in public

on this issue.

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.
The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Kebbi.
The financial inclusion initiative is being implemented with technical support from National Identity Management Commission (NIMC), to help the farmers acquire the relevant documentation and identification required to open bank accounts.
Union Bank will facilitate account opening and expand its agency banking network to cover the areas while supporting its agents on ground with digital banking solutions to enable seamless transacting and account management.
Farouk Gumel, Chairman WACOT and Board Chair, Union Bank was on ground in Kebbi State to kick-off the drive and paid a visit to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to discuss expanding the programme state-wide.
In his recent keynote address at the recently concluded and  Chartered Institute of Bankers of Nigeria (CIBN) Conference, Mr. Gumel said:
 “As we work towards achieving financial inclusion to reach the unbanked, we must commit the same resources and investments to rural-local customers as we have done to urban-global clients to help create the growth that will lift us all to collective prosperity.”
WACOT Rice is a subsidiary of TGI Group. TGI Group, through another of its subsidiary Titan Trust Bank, recently acquired Union Bank in a landmark transaction which was announced in 2021.

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FIRSTBANK PARTNERS VERVE INTERNATIONAL, MAKES CUSTOMERS MILLIONAIRES IN THE FIRSTBANK VERVE CARD PROMO

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In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.

The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers monthly.

On the other hand, 2620 FirstBank verve cardholders that double their transactions every week, stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking on the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank said “we appreciate our partnership with Verve Card through the years; a partnership of empowerment and opportunities which include growing the economy, supporting new businesses and preventing unemployment. FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes safe, convenient and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. Verve card is accepted across all ATMs, POS, Web and Mobile Platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank – in partnership with Verve – rewarded over 2601 FirstBank verve cardholders with various prizes; including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas, smart TV and the grand prize of a brand-new car to a lucky winner.

 

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Federal Government Orders University Vice-Chancellors To Reopen Schools, Begin Lectures Amid 7 Months Lecturers’ Strike

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The government issued the directive through the National Universities Commission (NUC), and a letter signed by its Director, Finance and Accounts, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed.

The Nigerian government has directed vice-chancellors to re-open universities and allow students to resume lectures immediately.

The government issued the directive through the National Universities Commission (NUC), and a letter signed by its Director, Finance and Accounts, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed.

 

The letter which The PUNCH obtained on Monday, was reportedly addressed to all vice-chancellors; Pro-Chancellors and chairmen of governing councils of federal universities.

 

“Ensure that ASUU members immediately resume/commence lectures; Restore the daily activities and routines of the various University campuses,” the letter partly reads.

We had reported that the National Industrial Court of Nigeria (NICN), on Wednesday, September 21, 2022, ordered the Academic Staff Union of Universities (ASUU) to call off its ongoing nationwide strike.

 

It reported that the umbrella body of the lecturers in public universities had declared a warning strike on February 14, to force the Nigerian Government to implement agreements it earlier signed with the union.

 

The agreement stipulated how university education would be funded for better improvement.

 

The strike has since rolled over and is now in its seventh month following the government’s failure to implement all the agreements.

 

Several meetings between ASUU and the Federal Government have ended in a deadlock.

 

Consequently, the Federal Government went to court to challenge the strike.

 

The government through its counsel, James Igwe, prayed the court for an interlocutory injunction restraining ASUU from taking further steps as regards the strike, pending the determination of the substantive suit.

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