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Guinness hopeful of favourable NAFDAC verdict

27 November 2015, 07:44Emeka Okonkwo

Abuja - Guinness, the local brewery, is hopeful of a fair outcome to investigations the National Agency for Food and Drugs Administration and Control (NAFDAC) has initiated against the company.

NAFDAC recently announced sanctions against the company over alleged “infractions.”

Chairman of the company, Babatunde Savage, said Guiness would explore every path for a fair resolution of the matter.

“We have had very robust relationship with NAFDAC for as long as I can remember. We intend to maintain that relationship. Discussions are ongoing. I believe the issues will be amicably resolved.”

Also Read: Guinness to partner with Lagos state government on wealth creation

He reiterated Guinness’ commitment to continuously entrench the highest standards of good manufacturing practices and to ensure its products were top quality, noting that many of the company’s brands had been in existence for many years, which is made possible by its focus on quality and customer satisfaction.

Savage was speaking in Abuja at the company’s 65th Annual General Meeting.

A dividend of N4,8 billion has been approved by shareholders of Guinness Nigeria for the period ended June 30, 2015 with a pledge by the board and management to maintain sustainable growth for the business through good business strategies and quality products.

Savage said although the operating environment remained daunting during the period under review, the company recorded a credible performance in its full year results and is now poised for better performance in the 2016 financial year and beyond.

“Going into the 2016 financial year, the board and management are resolute in their commitment to improve the performance of the company and deliver greater value and return on investments to shareholders,” he stated.

- CAJ News


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