No legal basis for NAFDAC’s N1bn fine –Guinness - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › No legal basis for NAFDAC’s N1bn fine –Guinness (17948 Views)
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by manny4life(m): 10:11pm On Nov 13, 2015 |
johhnnie:And they would sooner or later find another way to exploit more money (the legal gray area) from Nigerians because the fine has to be paid one way or another. In the U.S., the only companies that I know of that have been fined to the tune of billions of $$$ are mostly banks with hundreds of billions of $$$ in assets. I may well be wrong BUT I have not heard of a beverage or beer company fined billions, then again, like I said, I may be wrong. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Mrlekan07034617: 10:12pm On Nov 13, 2015 |
If guinness does not go along with the fine, let them go to court!! |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by symbianDON(m): 10:18pm On Nov 13, 2015 |
manny4life: ok bro.....let's hope at the end the fine can be negotiated to something agreeable. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Growingboi(m): 10:31pm On Nov 13, 2015 |
kayjasper:What's this one saying ![]() Someone should please explain the meaning of 'Ode' to him |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by ncoolsome(m): 10:32pm On Nov 13, 2015 |
kingzx0:U r wrong..1st it was the banks then mtn,then.... |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by GOVERNMEMT1(m): 10:48pm On Nov 13, 2015 |
I hope dis apc government are not to shot down nigeria beweries on a useless. Basis why is it now that nafdac have to weak up from their sleep GOD help naija |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Nobody: 11:10pm On Nov 13, 2015 |
Mtn, standbic ibtc and now guiness, I guess this year's budget deficit would be recovered from fines, first bank and skye bank already had their share. But then most businesses are already groaning under the harsh economic condition and cost of doing business, further fines would only assist in sending them under. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by kayjasper(f): 11:12pm On Nov 13, 2015 |
Growingboi:I need not say much to you, your name says it all.......Grow Up Boy. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Nobody: 11:18pm On Nov 13, 2015 |
manny4life:All the government needs to do to encourage investment is to create the enabling environment. Nigeria is a great market for any investor. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Nobody: 11:26pm On Nov 13, 2015 |
manny4life:Big tobacco in the US was fined $206 billion. BP $4 billion GlaxoSmithKline $3 billion |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by emzila(m): 11:30pm On Nov 13, 2015 |
eaglechild:AND WHO SAY THE IGBOS ARE NOT READY TO SQUEEZE OUT BITTER LEAVE WATER, TURN IT INSIDE BOTTLE, ADD LITTLE SALT PLUS SUGAR AND CALL IT STOUT? ABA KWENU!! |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Nobody: 11:31pm On Nov 13, 2015 |
kingzx0:Skye bank |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by uridadole: 11:49pm On Nov 13, 2015 |
politricks:Buhari is performing his regukatory duty. No prison for eering companies. Their punishment is fine. Maintain best practices and standards, that's all. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by ogene007: 12:07am On Nov 14, 2015 |
braimeddy:NAFDAC were simply dancing to the gallery and succeeded only in embarrassing themselves. We are obviously in the season of sycophancy with most of the heads of these MDAs trying to warm their way towards PMB. Our advice to them is for them to quit embarrassing themselves and Nigerians at large. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by mikolo80: 12:10am On Nov 14, 2015 |
Kx:did they have legal document that states they can fine companies arbitrarily? you go school na at least pretend you go school if you drive anyhow police Will fine you so and so amount not pull a number out of their asss same with nafdac if to say you drink stout vomit con sue dem, court com award you damages na different story |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by superstar1(m): 12:56am On Nov 14, 2015 |
These coys have taken Nigeria for long. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by saopauloman(m): 1:04am On Nov 14, 2015 |
ikechukwu354:guy you no dey tire ? |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by rextermail: 2:12am On Nov 14, 2015 |
kingzx0:boss that's just my mind set here. I just hope this government in its bid for change will not chase away all foreign firms and crumble this economy more than it is now. But come to think of it if eventually this companies pay all these fines are they aware that the resultant effect if retrenchment of workers thereby increasing the number of unemployed. Food for thought. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by arabianights: 3:42am On Nov 14, 2015 |
manny4life:smartly avoid using the institutions for a year ..... till you are sure they have recovered losses ![]() |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Billygee2u: 4:40am On Nov 14, 2015 |
Kx:can they say that in Asian countries or other continents of the World? |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by lizzyslaw(f): 5:08am On Nov 14, 2015 |
Guineas Nig. PLC does its best to maintain its high standard. The assertion by NAFDAC is quite porous. Why would they be asking for administrative charges when Guineas has 'supposedly' violated standards? They should be demanding penalties. In any case, Guineas Nig. has been good to Nigeria. Their packages for their staff was quite good but the moment they had a Nigerian GM, their welfare gradually dwindled and now it just trickles. Our people are so corrupt that it is when they came on board that things became tighter for their staff. Telling lies and saying targets not reached. Believe me if Guineas is guilty, the staff would be the ones to suffer it. However, I also know they have abandoned production factories. Some years ago, I know they had to stop production in their Aba branch. If the facility is not in use then they should not be made to pay ridiculous fine. If ever Guineas is cutting corners which I doubt, the blame is on the Nigerian GM's they are a stingy and greedy lot. Thinking only of themselves and leaving their less fortunate Nigerian staff. In any case, if there is no legal basis, biko go to court |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by billyG(m): 7:08am On Nov 14, 2015 |
braimeddy:Recertifying expired products & using Rats & cockroaches shiit to Brew xtasmooth is a crime agst Humanity,poisoning d unsuspecting liqour guzzling public no wonder life expectancy 4 nigerian males has reduce to 40yrs,somepple in charge shld go 2 Jail 4 this evil,mass killing 4 huge profits,I hereby stop drinking Guiness products 4life. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by billyG(m): 7:13am On Nov 14, 2015 |
kennyman2000:Dnt b wailing on NL,report those fuuking indians 2 yur kinsman Sen.Chris Ngige who is now d Labour minister. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by billyG(m): 7:16am On Nov 14, 2015 |
manny4life:Hostile Biz envrmnt abi?But frdly 4 manufacturing fake,substandard & expired prdcts @ d detriment of d health & well being of d populace. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by billyG(m): 7:22am On Nov 14, 2015 |
k1centy:Very wise move by govt.Fining Lawbreakers like oil coys,brewries,telecoms,1way drivers,overload trailers,overspeeding drivers can generates twice d expected national Budget.nigerians loves Breaking d laws. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Acidosis(m): 7:38am On Nov 14, 2015 |
Nigeria's Business Environment is rated one of the poorest in Africa by 'Doing Business' We need to be careful. This might take us from being one of the poorest to the poorest. |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by dazzlingd(m): 8:10am On Nov 14, 2015 |
So many investors have always seen nigeria as a lawless nation..They practice things they would never try in other countries in nigeria and get away with it. Now, the fines are harsh...but using some of them as terrible scape goats will send lessons to the others.. never again will foreigners look down on our laws |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by BABANGBALI: 8:10am On Nov 14, 2015 |
flokii:he remains the best igbo man ever liveth |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by zigalo(m): 8:16am On Nov 14, 2015 |
Dazzler07:Yes ooo let's go for dstv.. Na dat 1 concern me |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by lakesider2006(m): 9:21am On Nov 14, 2015 |
kingzx0:ME OFCORSE! |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by GoodMuyis(m): 9:54am On Nov 14, 2015 |
akwana:Instead of Drink Our Life out |
| Re: No legal basis for NAFDAC’s N1bn fine –Guinness by Growingboi(m): 11:11am On Nov 14, 2015 |
;DDont say much...ejoorr.. kayjasper: |
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