Business

Alcohol Manufacturers Seek Tinubu’s Intervention as Tension Persists with NAFDAC

“We are not criminals. We are workers. We are producers. We are taxpayers. We are Nigerians.”

Published

3 months ago

February 27, 2026

OCHEFA

274 Views

SACHETS alcohol manufacturers have again confronted the NAFDAC Lagos Office demanding that the agency reopen their sealed warehouses, indigenous factories and depots across the country.

Chanting “No Work for Us, No Work for You”, and “We are not criminals. We are workers. We are producers. We are taxpayers. We are Nigerians ,” the workers accused the agency, under the leadership of Mojisola Adeyeye, of shutting down entire manufacturing facilities instead of applying what the union termed “controlled and targeted regulation.”

They called for urgent intervention from Bola Ahmed Tinubu, the Senate, the House of Representatives, governors, traditional rulers, religious leaders, and civil society groups.

During the protest on Wednesday, Comrade Anthony Oyaga, Secretary of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB), described the situation as one marked by “deep pain, growing fear, and a heavy sense of injustice.

According to the FOBTOB, multiple facilities producing sachet products and 10cl PET bottled beverages have been sealed nationwide, including warehouses containing other lawful products unrelated to the targeted items.

“This is not regulation; this is calculated economic suffocation,” said the union, adding that factories are not just buildings; they are ecosystems.”

The statement emphasised, listing transporters, raw material suppliers, distributors, retailers, market women, warehouse operators, artisans, and logistics workers as part of the affected chain.

Related Topics:Featured NAFDAC ban on sachet alcoholic drinks

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Kingsley Moghalu chairs Bluecode Africa subsidiary in Nigeria

Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.

Published

26 minutes ago

June 11, 2026

OCHEFA

2 Views

Bluecode Africa, the European payments infrastructure operator backed by leading US and European institutional investors, has named Prof Kingsley Chiedu Moghalu as Chairman of the Advisory Board of its Nigerian subsidiary, Bluecode Payments Nigeria Limited as the company formally enters the Nigerian market.

The appointment was jointly announced by Chris Pirkner, Founder of Bluecode, and Odin Krismayr, Managing Director of Bluecode Africa, who described it as a foundational governance decision for the company’s Nigerian and continental operations.

Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.

He led the team that introduced the unique-identifier Bank Verification Number (BVN), enrolling 50 million banking users, simplifying Know Your Customer (KYC) procedures, and doubled Nigeria’s financial inclusion rate from 33 to 60 per cent.

Business

FCMB appoints Rewane non-executive director, board chair

Rewane is the Managing Director at Financial Derivatives Company Limited, a top financial advisory and economic research firm..

Published

1 hour ago

June 11, 2026

OCHEFA

8 Views

First City Monument Bank (FCMB) Limited has appointed Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors, following approval from the Central Bank of Nigeria.

Rewane is a respected economist and experienced leader in Nigeria’s financial sector, with more than 40 years of experience in macroeconomic research, investment banking, and strategic management…

Rewane is the Managing Director at Financial Derivatives Company Limited, a top financial advisory and economic research firm…

Rewane has served on the boards of blue-chip companies and multinationals, including Guinness Nigeria Plc., British American Tobacco, Henkel Nigeria Limited, Top Feeds Nigeria Limited, and Africa Infrastructure Plus Partners…

The Board of Directors of First City Monument Bank welcomes Mr. Rewane.

The Bank is confident that his expertise in macroeconomics, corporate governance, and strategic management, together with the Bank’s stronger capital base, will strengthen its leadership and help drive the next phase of growth while continuing to deliver value to stakeholders.