LAGOS - Nigeria's
Guinness said on
Thursday it had been fined 1 billion naira ($5 million) by the local food and
drug agency over alleged infractions relating to the destruction and
re-validation of expired raw materials without prior approval.
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| Nigeria Guiness. |
The local unit of Diageo said it did not fully understand the basis for
the fine, nor the particular regulations infringed, but was in talks with the
National Agency for Food and Drug Administration and Control (NAFDAC) to
resolve the matter.
It said Guinness had operated in Nigeria for over 65 years and had
conducted its business in accordance with the law and Diageo's procedures
relating to manufacturing practice.
"We remain committed to working with NAFDAC and other regulatory
authorities ... to produce and market
quality products ... and look forward to being able to resolve the issue,"
the brewer said in a statement.
The regulator gave Guinness, Nigeria's second-largest brewer, two-weeks
from Nov. 9 to pay the fine, a local newspaper reported, quoting NAFDAC letter.
Nigeria, reeling from a plunge in oil revenues which has stemmed
government cash flow, has tightened regulations after President Muhammadu
Buhari took office in May promising to clean up corruption and mismanagement in
Africa's biggest economy. (Reporting by Chijioke Ohuocha; Editing by Mark Potter
and Susan Thomas)
(Reuters)
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