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GSK, Producer Of Panadol, Shuts Down Operations In Nigeria

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GlaxoSmithKline (GSK) Consumer Nigeria Plc has announced that it will suspend operations after assessing the options for transitioning its pharmaceutical products to a third-party distribution strategy.

Augmentin, Neosporin, Panadol, Sensodyne, Advair, Ventolin, and Theraflu are among the company’s well-known products.

GSK Nigeria revealed the news in a statement delivered to the Nigeria Exchange Limited (NGX) on Thursday and signed by the company secretary, Frederick Ichekwai.

The firm stated that it is working with its counsel to agree on next actions and intends to file a scheme of arrangement with the Securities and Exchange Commission (SEC) that, if accepted, will result in the return of cash to all shareholders except its parent company, GSK UK.

The company, which employs over 290 people, assured that all necessary legal proceedings would be met as regards employees and shareholders.

‘In our published Q2 results we disclosed that the GSK UK Group has informed GlaxoSmithKline Consumer Nigeria PLC of its strategic intent to cease commercialization of its prescription medicines and vaccines in Nigeria through the GSK local operating companies and transition to a third-party direct distribution model for its pharmaceutical products,” the statement reads.

“The Haleon Group has also separately informed the Board of its intent to terminate its distribution agreement in the coming months and to appoint a third-party distributor in Nigeria for the supply of its consumer healthcare products.

“For the above reasons, and having, together with GSK UK, evaluated various other options, the Board of GlaxoSmithKline Consumer Nigeria Plc has concluded that there is no alternative but to cease operations.

“Today we are briefing our employees whom we will treat fairly, respectfully and with care, meeting all applicable legal and consultation requirements.

“The Board is conscious that shareholders will have many questions; we have been working assiduously with our professional advisors to agree on next steps and we will be shortly submitting to the Securities and Exchange Commission (“SEC”) a draft Scheme of Arrangement which may, if approved, see shareholders other than GSK UK, receive an accelerated cash distribution and return of capital.

“The Board acknowledges the support of the GSK Group in its intentions to make this possible, full details of which we hope to publish shortly. In the meantime, however, we cannot give you assurance of the final terms of any scheme, or that any scheme will be approved by the SEC or by shareholders.

“Shareholders are advised to seek professional advice and continue to exercise caution when dealing in the company’s shares until a further announcement is made.”

BIG STORY

Resident Doctors Give Federal Government Four Weeks To Meet Demands

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The Nigerian Association of Resident Doctors (NARD) has issued a four-week ultimatum to the federal government to fully implement outstanding agreements on salaries, allowances and welfare.

The decision was taken at the end of the association’s national executive council (NEC) meeting and scientific conference, held from January 25 to 29, 2026, in Jos, Plateau state.

In a communiqué signed by Mohammad Suleiman, NARD president, the association expressed appreciation to President Bola Tinubu, Vice-President Kashim Shettima, and other key stakeholders for their roles in ongoing engagements.

The NEC acknowledged the reinstatement of disengaged doctors at the Federal Teaching Hospital, Lokoja, and commended the intervention of the Ministry of Labour and Employment and the integrated payroll and personnel information system (IPPIS) on the outstanding 25 and 35 percent consolidated medical salary structure (CONMESS) and accoutrement allowance arrears.

NARD also noted that promotion and salary arrears had been forwarded to relevant authorities, with assurances from the minister of finance that payments would be expedited.

However, the association expressed concern over delays in circulating the directive affirming CONMESS 3 as the approved entry level for medical doctors.

It also decried the non-payment of the professional allowance provided for in the 2026 Appropriation Act and persistent salary arrears across several health institutions.

The association warned of worsening industrial relations at the Benue State University Teaching Hospital. It demanded urgent action, alongside calls for improved welfare, timely release of training funds and renewed investment in health infrastructure nationwide.

“The NEC demands the expeditious clearance of the outstanding 25%/35% CONMESS arrears and accoutrement allowance arrears within the assured two weeks, as committed by the Integrated Payroll and Personnel Information System (IPPIS), following the intervention of the Federal Ministry of Labour and Employment,” the communique reads.

“The NEC demands the prompt payment of all promotion arrears already forwarded to the appropriate authorities, in line with the assurances of the Honourable Minister of Finance for payment within the next four (4) weeks.

“The NEC demands the expedited payment of all outstanding salary arrears owed to specific centres, which have been duly forwarded to the Federal Ministry of Finance for processing, within the assured four (4) week timeline.

“After exhaustive deliberations and in recognition of the progress made by the Federal Government towards addressing the legitimate demands of Nigerian resident doctors, the NEC has resolved to extend the suspension of the Total Indefinite Comprehensive Strike (TICS) for a further period of four (4) weeks as a further goodwill gesture, to allow for the full implementation of the Association’s demands.”

The association had earlier suspended its plan to commence another strike on January 12.

The doctors said this was done after firm commitments from critical stakeholders following Shettima’s intervention.

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BIG STORY

Lagos Couple Stages Self-Kidnap To Raise Funds For Husband’s US Return Ticket, Arrested With N10m Ransom

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A Lagos-based couple, identified simply as Fred and Goodness, have been arrested for allegedly staging their own kidnap and extorting N10m in ransom from their families and friends.

According to Punch Newspaper, the couple faked the abduction on January 7 to solicit funds for the husband, who intended to return to the United States due to a lack of financial support.

A police source who spoke to our correspondent on Thursday said the suspects contacted relatives on both sides of the family and claimed they had been kidnapped while demanding ransom.

The source added that the families raised N10m within three days, believing the money was meant to secure their release.

“The couple faked their kidnapping, thereby calling on friends and families for contributions towards the ransom payment. And what happened was, according to them, the husband wanted to travel back to the US, and he needed some money, but their sponsors were not forthcoming, so they planned it together that maybe by the time they do that, they’ll be able to raise some money.”

Speaking on their arrest, another police source in the command said the couple arranged a meeting at a school in Cappa, Mushin, Lagos, where the ransom was to be delivered.

“Operatives monitoring the area noticed the woman entering the premises alone, while the man arrived separately moments later. However, suspicion was raised when both suspects later emerged together carrying a bag.

“The operatives stopped them, searched the bag, and discovered the ransom money, prompting their immediate arrest. The wife said she was the one who encouraged the husband to make them plot the kidnap.”

The suspects were subsequently handed over to the police, where investigations confirmed that the incident was a case of self-kidnap.

The state Police Public Relations Officer, Abimbola Addebisi, confirmed the incident.

She said, “The couple will be charged to court upon the conclusion of investigations.”

The incident added to the growing number of self-orchestrated abduction cases uncovered by law enforcement.

 

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BIG STORY

Police Arrest Six For ‘Hacking Telecoms Firm To Divert N7.7bn Airtime’, Recover 400 Laptops, 1000 Mobile Phones

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Operatives of the Nigeria Police Force (NPF) have arrested six suspects for allegedly hacking into a telecommunication company in Nigeria to divert airtime and mobile data worth N7.7 billion.

A statement on Wednesday by Benjamin Hundeyin, the force spokesperson, said the suspects allegedly gained unlawful access to the telecommunications company’s core systems.

The suspects are Ahmad Bala, Karibu Mohammed Shehu, Umar Habib, Obinna Ananaba, Ibrahim Shehu, and Masa’ud Sa’ad.

Hundeyin said operatives recovered two mini plazas, retail outlets containing over 400 laptops, 1,000 mobile phones, and a Toyota vehicle.

The force spokesperson said a “substantial” amount of money was traced to the suspects’ bank accounts.

“The syndicate was responsible for the illegal diversion of a telecommunications company’s airtime and data resources, resulting in an estimated financial loss of over ₦7.7 billion,” the statement reads.

“The breakthrough followed a petition by a Nigerian telecommunications company, which reported suspicious and unauthorized activities within its billing and payments infrastructure.

“Investigations revealed that internal staff login credentials had been compromised, granting threat actors unlawful access to core systems.

“Following weeks of planning, coordinated enforcement operations were executed in October 2025 in Kano and Katsina States, with a follow-up arrest in the Federal Capital Territory.

“The suspects would be charged to court on the completion of the investigation.

“Meanwhile, the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has commended the officers involved in the investigation for their professionalism.”

 

 

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