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FG Vows to Pay Solicitors Handling High Profile Cases

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FG Vows to Pay Solicitors Handling High Profile Cases

FG Vows to Pay Solicitors Handling High Profile Cases

By Dipo Olowookere

Attorney General for the Federation and Minister of Justice, Mr Abubakar Malami, has assured the National Agency for Food, Drugs Administration and Control (NAFDAC) that its request for the payment of professional lawyers engaged to handle high profile cases on unwholesome products is deserving. He pledged that the Agency’s request would receive prompt attention.

The Minister gave the assurance when the Acting Director –General, NAFDAC, Mrs Yetunde Oni, and management team of the Agency paid a courtesy visit to his office on December 15, 2016.

According to the press release issued by Comrade Salihu Othman Isah, the Special Adviser on Media and Publicity to the Attorney General of the Federation and Minister of Justice, Malami commended the Acting Director-General of the Agency, for the modest achievements she had recorded so far.

He expressed that President Muhammadu Buhari’s administration is interested in the agency’s quest to eliminate drug counterfeiting and other unwholesome products.

“This government has accorded great priority to the agency and indeed the health sector. Your contribution towards securing the health of the nation is enormous,” he added.

Earlier, the Director-General of NAFDAC, Mrs Yetunde Oni, highlighted that the agency had instituted fifty-two cases from February 2016 to date and have secured eight convictions.

She explained that despite the fact that majority of court proceedings were handled by in-house lawyers, some high profile ones were out-sourced to have an objective representation. As a result, some external solicitors have concluded a number of cases but were yet to be paid.

She therefore requested the Attorney General’s approval for the payment of the external solicitors which she identified as the pillars sustaining the enforcement drive of the Agency.

The DG also sought for the assistance of the AGF in guiding into fruition the counterfeit and fake drugs and unwholesome processed food (Misc. Prov) Act Cap C34 CLFN 2004 that is receiving attention at the National Assembly.

She also disclosed that the agency had seized counterfeit drugs and unwholesome regulated products worth more than N12 billion in the last one year while N2.3 billion worth counterfeit regulated products were destroyed.

The DG emphasized that, “One of such seizures was from a suspect operating several warehouses in Lagos where medicines were being counterfeited. The agency seized counterfeit medicine worth N10 billion in single seizure which remains the largest seizure NAFDAC had recorded in the recent time.”

Furthermore, Oni gave insight into the manner of drugs seized from the offenders, pointing out that, “Drugs seized from the warehouses of these suspects include: Tarivid 200mg tablet, Augmentin 625mg tb, Proviron tb, Novasc tb,Glucophase 500 mg tb, GSK hologram for Loparex, Ciprotab, Lexotan. Others are Septrin and Ampiclox packaging materials, Cytotec 200mg, misoprostol etc.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Health

Stakeholders Form Coalition Against Counterfeit Pharmaceutical Products

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Coalition Against Counterfeit Pharmaceutical Products CACPP

By Dipo Olowookere

Some critical stakeholders in the pharmaceutical industry in Nigeria have come together to form a group aimed at frustrating and subsequently chasing makers of fake and substandard drugs out of business.

The group, known as the Coalition Against Counterfeit Pharmaceutical Products (CACPP), already has the support of the National Agency for Food and Drug Administration and Control (NAFDAC), the major drug manufacturers in the country, distributors, retailers, and others.

At the unveiling of the coalition in Lagos on Monday, the convener of CACPP, Mr Yomi Badejo-Okusanya, who is also the chief executive of CMC Connect, disclosed that the initiative was borne out of the desire to rid the country of counterfeit drugs and save lives of consumers, who take drugs to get better.

“It is borne out of the desire to take a firmer stand against counterfeit pharmaceutical products in Nigeria through engagement and advocacy, with hope to kick off an intense national advocacy campaign against counterfeit pharmaceutical products,” he stated.

He stated that the group has mapped out strategies to achieve these goals, assuring that the coalition was focused and would not be derailed, no matter what.

According to him, CACPP found out that people consume counterfeit pharmaceutical products due to ignorance, poverty, and illiteracy.

While the West Africa Country Manager of Pfizer, Mr Olayinka Subair, agrees with this point, he stressed that, “Counterfeit medicines don’t cure any disease, rather they put patients’ health at risk because of their contents,” noting that fake drugs “ultimately impede the Nigerian healthcare system as lives are lost and medical conditions worsened due to this cankerworm. It is not an individual’s battle; it requires collective effort.”

“Nigerians need to champion the anti-counterfeit cause, especially as regards healthcare. We need to join hands together because there is no shortcut to health. Due process must be followed to get the best results.

“Unlike commodities, fake drugs are life-threatening. This means patients should only buy prescribed medicines from accredited pharmacies and not quacks or roadside vendors,” he stressed.

Also, the Deputy Director of the Federal Task Force on Counterfeit Substandard Regulated Products Investigation and Enforcement at NAFDAC, Mrs Florence Uba, who represented the acting director-general of the agency, assured the group of the full support of the regulatory agency.

However, she emphasised that NAFDAC would not entertain any favouritism as any fake drug maker caught would be severely dealt with, no matter the connection.

In his presentation, the president of the Nigerian Representatives of Overseas Pharmaceutical Manufacturers (NiroPharm), Mr Femi Soremekun, stated that, “In recent years, the fight against counterfeit pharmaceutical products has taken new dimensions due to the global influx of counterfeiting syndicates, it is like a race against time for pharmaceutical companies – the cost to our collective health and economies is enormous.”

“Over the years, pharmaceutical companies have been perplexed as to how best to nip the challenges in the bud. The challenges are overwhelming owing to the sophistication of the activities of counterfeiters.

“Combating counterfeit pharmaceutical products is a herculean task, one that requires strong collaborations between government agencies and key stakeholders because of the impact,” he added.

It was agreed by the stakeholders present at the event yesterday that to combat the illicit trade of counterfeit pharmaceutical products, there is a strong need for collaboration and must look beyond the surface, which is most times in-ward.

Business Post reports that other organisations which threw their full weight behind CACPP include the Pharmaceutical Council of Nigeria (PCN), the Pharmaceutical Society of Nigeria (PSN), and the Pharmaceutical Wholesalers and Distributors Association of Nigeria (PWDAN), among others.

Also, a prominent Nigerian actor and filmmaker, Mr Ayo Badmus, has backed the initiative as its brand ambassador.

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Health

Stanbic IBTC Gives Better Conditions for Healthcare Loan

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healthcare loan

By Aduragbemi Omiyale

Healthcare practitioners intending to get short-term funding support to expand their operations can now do so with better terms from Stanbic IBTC Bank.

The company, which is a subsidiary of Stanbic IBTC Holdings Plc, introduced a package called Healthcare Short-term Loan, which many stakeholders in the health industry have accessed.

In order to make it easier for practitioners to access the credit facility for an improved healthcare sector in the country, the lender has upgraded its short-term loan solution within the healthcare value chain.

This upgrade ensures a flexible repayment period, with an affordable interest rate and zero collateral to enable sector players to access better financing and achieve optimal service delivery.

The healthcare loan, which now offers a longer tenor of 12 months, affordable interest rate and zero collateral, will foster more investment in the sector and enhance strategic relationships to generate new businesses.

Speaking at the Medic West Africa Conference, the Head of Specialized Sectors at Stanbic IBTC Bank, Ms Jane Ike-Okoli, noted that effective collaboration between financial institutions and healthcare organizations is key to advancing Nigeria’s health sector.

She advised financial institutions to be more intentional about complementing the government’s efforts, saying, “Stanbic IBTC has a comprehensive understanding of the healthcare industry and its intricacies. This knowledge inspires us to continue to design innovative yet affordable solutions to boost healthcare businesses across the country.”

According to her, despite Nigeria being Africa’s largest healthcare market, challenges in the health sector include inadequate healthcare infrastructure and insufficient financing.

“Stanbic IBTC is passionate about driving change, hence our partnership with key stakeholders in the healthcare sector to improve access to healthcare finance.

“We achieve this by offering flexible funding options for healthcare businesses and providers and strategically partnering with the players in the healthcare ecosystem,” she said.

“Our healthcare solutions are tailor-made for businesses in the sector who need working capital to expand healthcare operations, acquire medical equipment, facilitate medical research, and ultimately grow their healthcare businesses,” Ms Ike-Okoli added.

The Head of Coverage, Commercial Clients at Stanbic IBTC Bank, Mr Babatunde Akindele, also stated that the newly improved healthcare short-term loan is a necessary investment.

“Healthcare is a basic need that everyone should access easily. The pandemic has increased the pressure on the health sector by revealing the urgent need to expand healthcare facilities. Stanbic IBTC has taken yet another step in the right direction to improve healthcare infrastructure and enable qualitative service delivery, which will restore the hope of many Nigerians,” he said.

The growth of the Nigerian healthcare sector rests on impactful and innovative finance solutions positioned to create a level playing field for businesses to thrive. Stanbic IBTC has said it remains committed to blazing the trail in this regard.

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Health

UK’s Aide Health Raises £1m to Tackle Hypertension, Pain

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Aide Health

By Adedapo Adesanya 

Aide Health, a London, UK-based health-tech startup, has raised £1 million in pre-seed funding.

The round was led by Hambro Perks through its EIS fund, with participation from Fuel Ventures, 1818 Ventures and APX Ventures.

In a statement made available to Business Post on Friday, the company intends to use the funds to expand its services to include hypertension and chronic pain.

Co-founded by Mr Ian Wharton (CEO) and Mr Brian Snyde, Aide Health is a digital platform that helps patients and their clinicians understand and manage long-term health conditions, such as type-2 diabetes, heart disease, asthma, and IBD, paired with a mobile app for the patient which acts as a co-pilot through their care.

Medical professionals can use Aide Health’s platform to remotely monitor patients with chronic diseases such as type-2 diabetes, heart disease, asthma, and IBD. Patients monitored through the app can also receive medical advice.

“Like many people, I know first-hand the frustrations of trying to manage long-term conditions,” said Mr Wharton, CEO of Aide Health.

“Our goal is to give both patients and clinicians the tools and insights they need to have better conversations and make more informed treatment decisions together,” he added.

On his part, Mr Nicholas Sharp, head of the Hambro Perks Growth EIS Fund, said: “Ian and Brian’s vision and experience impressed us from the start, and we believe that Aide Health has the potential to be a hugely important tool for both clinicians and patients for managing long-term health conditions.”

Using natural language, Aide Health has short, daily conversations to help with the day-to-day management of health conditions through medicines optimisation, structured monitoring and structured education.

The service is currently being used by the UK National Health Scheme (NHS), with a pilot launched earlier this year supporting people aged between 18-75 with asthma or type-2 diabetes.

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