Business
“Why I Don’t Take Food and Beverages in Aba “
Image credit: toppng
By Ichaburu Ochefa
Some time ago, a friend of mine living in Lagos State told me that whenever he is on business travels to Aba, Abia State, he doesn’t drink water or tea neither in the hotel he lodges nor buys from the shops outside.
Curiously, I asked him why.? “
They are fake products,” he replied. He added, “From water to tea, wine, spirits, juices, etc.
“I further asked, “So how do you survive while you are there.?
“I prepared myself from Lagos,” he said. “But there are fake products in Lagos, too, and all over Nigeria,” I told him as a matter of fact.
They are at Oke-Arin market on Lagos Island, Alaba International; the Oyingbo market … they are at Ogbete main market, Enugu …”
“I know, he cut me short and said: “Not like Aba; Aba is worst in counterfeiters…”
What my friend told me months ago matches the NAFDAC’s recent regulatory actions against fake product manufacturers in Aba.
An official statement from the agency on Tuesday, 28 January 2025, signed by Prof Mojisola Adeyeye, the NAFDAC Director-General, described the Cemetery market Aba as ” the most dreaded and hitherto safe haven for the largest cartel ring for the manufacture of fake wines and beverages in Africa.”
NAFDAC further said that its enforcement agents, in collaboration with a large contingency of the military, DSS, and Nigeria Police, in a rare display of inter-agency cooperation, confiscated adulterated wines, fake food, and beverages valued at over N5 billion. ”
The current action of NAFDAC is the most audacious in the history of the market, with specific zones barricaded with iron welding and access gates locked to date.
The operation carried out was a follow-up to a similar raid that was carried out in December 2023.
Some of the nefarious activities of the counterfeiters included the manufacturing of all kinds of adulterated products especially different kinds of wine from a wide variety of brands ranging from the following: · Seaman Schnapps, Henessy, Four Cousins · Carlo Rossi, Jenney, Chelsea London Dry Gin · Schnapp Dry Gin, McDowells, Black Labels · Gordons, Martell, Campari, Smirnoff ice · Eva Non-Alcoholic Drink, Evra Non-Alcoholic Drink, Cartel and others.
As a consequence of the extensive operation, the agency raided over 240 shops and turned factories where the harmful products were being produced and marketed.
The shops turned factories are very filthy, using water from very unhygienic sources, harmful chemicals, saccharin, coloring, dirty recycled bottles, and cloned packaging materials of other brands.
The adulteration of alcoholic beverages by criminal elements in the country is done by mixing cheaper sources of sugar and starch besides grapes or fruit, among other harmful chemicals unsuitable for human consumption.
Over 1500 cartons of fake and substandard products were destroyed during the operation.
The street value of the confiscated and destroyed fake products in 2023 is estimated at over seven hundred and fifty million naira only. (N750,000,000).
The estimated value of products mopped up during the December 15, 2024, operation is five billion naira.
The products being revalidated and mopped up include: · Soft and carbonated drinks such as Fanta, Coca-Cola · Schweppes, Lacasera, Sprite, Hollandia Yoghurt · Super Commando Energy Drink, Feyrouz and Amstel Malta. Aside from drinks, notable fake home-use beverages such as: · Peak Sachet Milk, Cowbell Sachet Milk, Peak Chocolate Drink · Miksi Sachet Milk, Cadbury Chocolate Drink, and Ovaltine adulterated versions.
Before the evacuation of the products by NAFDAC, they were being produced in the market and neatly packaged and sold to unsuspecting consumers.
NAFDAC management appreciates the support from the Government of Abia State led by His Excellency Governor Alex Otti for his unwavering support for this project OPERATION CLEAN UP ABA.
The Mayor of Aba South, the interim management committee of the market, and other stakeholders have been working assiduously with NAFDAC on the project, leading to another discovery of three major warehouses stockpiling expired HOLLANDIA YOGHURT for revalidation on the 22nd of January 2025.
Business
Naira Exchange Rates Thursday, 23 July
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410
GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900
EURO (EUR) Buy ₦1,580 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,369.63
GREAT BRITISH POUND (GBP) ₦1,833.12
EURO (EUR) ₦1,563.03
SWISS FRANC (CHF) ₦1,685.08
JAPANESE YEN (JPN) ₦8.40
CHINESE YUAN (CNY) ₦202.21
WEST AFRICAN CFA (XOF) ₦2. 39
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,867.90
SAUDI RIYAL (SAR) ₦366.36
SOUTH AFRICAN RAND (ZAR) ₦83.40
Business
President Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws
President Tinubu made the call in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).
President Bola Tinubu on Wednesday urged judges to continually update their knowledge on autonomous vessels, digital shipping, artificial intelligence-driven maritime operations, maritime security and evolving international environmental regulations.
President Tinubu made the call in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).
Represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, President Tinubu lauded the Nigerian Shippers’ Council for initiating and sustaining the international seminar for judges.
He described it as one of Nigeria’s foremost platforms for strengthening maritime jurisprudence, enhancing judicial capacity and promoting excellence in maritime justice.
According to Oyetola , rapid technological advancement is creating unprecedented legal questions relating to liability, navigational responsibility, insurance, collision regulations and allocation of responsibility when autonomous vessels malfunction.
He emphasised that the courts will increasingly adjudicate disputes involving decarbonisation, environmental compliance, blockchain-enabled cargo documentation, electronic bills of lading and other evolving international maritime legal frameworks.
“The emergence of autonomous vessels demands a judiciary equipped to resolve complex legal questions involving liability, insurance, navigation and technological accountability.
“Judicial officers must remain abreast of evolving international maritime law to ensure justice keeps pace with technological innovation,” he said.
Business
Naira Exchange Rates Wednesday, July 22
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,408 Sell ₦1,413
GREAT BRITISH POUND (GBP) Buy ₦1,885 Sell: ₦1,905
EURO (EUR) Buy ₦1,585Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370
CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
Official CBN Exchange Rates
US DOLLAR (USD) ₦1,375. 31
GREAT BRITISH POUND (GBP) ₦1,841. 13
EURO (EUR) ₦1,569.78.
SWISS FRANC (CHF) ₦1,694.98
JAPANESE YEN (JPN) ₦8.45
CHINESE YUAN (CNY) ₦203. 25
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32
SAUDI RIYAL (SAR) ₦366.36 SOUTH AFRICAN RAND (ZAR) ₦83.50
-
News3 days agoAyo Fayose Gets Presidential Portfolio As REA Board Chairman
-
News2 days agoReps Knock heads of ONSA, MOFA over PFIPC
-
News2 days agoAn alleged fake university discover in Lagos
-
Business3 days agoNaira Exchange Rates At The Parallel/ Official Market Tuesday, 21 July
-
News2 days agoAchimugu Seeks National, Global Protection Over Threats To Her Life and Businesses
-
Business2 days agoNaira Exchange Rates Wednesday, July 22
-
International2 days agoZelensky sacks Ukraine’s top army commander after days of protests
-
Business2 days agoCardoso Urges Banks To Lend Out Idle Funds With CBN * Retains MPR at 26.5%
