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Pharmacists cry out over forex scarcity
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Pharmacists under the Association of Industrial Pharmacists of Nigeria have raised concerns about the crippling foreign exchange shortage and its severe impacts on pharmaceutical companies and the availability of medicines in the country.
The pharmacists lamented that the lack of access to forex has severely disrupted the operations of industrial pharmacists, with many registered pharmaceutical firms unable to import drugs and essential raw and packaging materials needed for local medicine production.
They warned that if urgent measures are not taken to provide forex to genuine registered pharmaceutical firms, there could be a significant increase in the prevalence of fake drugs in Nigeria.
The industrial pharmacists called on the Federal Government to support local drug companies by creating an enabling environment for pharmaceutical business operations to ensure the availability of genuine drugs for Nigerians.
In an exclusive interview with Sunday PUNCH ahead of the 27th Annual National Conference of Industrial Pharmacists in Ibadan, Oyo State, from June 4, National Chairman of the pharmacy group, Ken Onuegbu, emphasised the need for special attention and concessions for the pharmaceutical industry to enhance the availability of affordable medicines.
He said, “Forex scarcity is a major issue for the pharmaceutical industry. The Federal Government must address it. Many companies are struggling. The operating environment is also harsh, with companies spending millions monthly on diesel to power their factories. Additionally, numerous levies on pharmaceutical raw materials contribute to the high cost of drugs.
“The government must improve the ease of doing business for the pharmaceutical sector. If action is not taken urgently, the prices of genuine drugs will rise further, and the market will be flooded with fake drugs,” he added.
Onuegbu noted that the upcoming conference, themed “The Role of Digital Technology and Innovations in Achieving Universal Health Coverage: The Nigerian Industrial Pharmacy Perspective,” would focus on leveraging technology to improve drug availability and healthcare delivery.
Chairman of the Conference Planning Committee, Valentine Okelu, also said it would discuss leveraging technology to enhance drug procurement, distribution, and manufacturing, which is crucial for achieving universal health coverage.
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Alleged assault on DSS personnel: Court grants bail to three Lagos Assembly workers
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Justice Daniel Osiagor of the Federal High Court in Lagos granted bail on Wednesday to three employees of the Lagos State House of Assembly who are facing charges of assaulting operatives from the Department of State Services (DSS) during the leadership crisis at the assembly complex on February 17.
The accused individuals, Ibrahim Olanrewaju, Adetu Adekunle, and Fatimoh Adetola, received bail after their attorney, Mr. Frank Eke, submitted and argued a motion following their arraignment and subsequent plea of not guilty.
The judge set the bail amount at N3 million for each defendant, stipulating that one surety is required for each.
The sureties must be employees of either the Lagos State or Federal Government, holding a minimum grade level of 12, and all documents submitted must be verified by the court registrar.
The DSS had arraigned the three Assembly staff in case FHC/L/273C/2025 before the court.
The three defendants and others still at large, were alleged to have conspired among themselves to assault officers of the State Security Service while they were performing their official duties, without any reasonable excuse.
They were also alleged to have on February 17, 2025, aided and abetted by obstructing the officers of State Security Service while performing their official duty without any reasonable cause.
The three defendants were further accused of cyberstalking amongst themselves by recording and sending false information to social medial circulating same to the whole country for the purpose of causing a breakdown of law and order amongst the people without any justification.
In particular, the DSS accused them of committing felony, by willful misdirecting electronic massages to social media for the purpose of embarrassing the State Security Service and its officials.
The duo of Ibrahim Olanrewaju, and Adetu Adekunle were accused of using Iphone 12 promax and Techno POP 8 to record false information and sent same to social media for circulation with the intention to cause an embarrassment to State Security Services, in order to cause breakdown of law and order to the public.
The offences, according to the prosecutor, Barrister M. O. Bajela, contravened sections 516 of the Criminal Code Act, Laws of the Federation of Nigeria 2004, as well as sections 27(1)(b), 24(1)(b), 24(c)(i), and 11 of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015 (as amended), 2024. charges bordering on conspiracy
However the three defendants denied the allegations and pleaded not guilty to the charge when it was read to them.
Following their not guilty plea, the prosecutor, Barrister Bajela asked the court for a trial date.
However, the defendants’ lawyer, Mr. Frank Eke, informed the court that he had filed their bail applications and same have been served on the prosecutor.
The lawyer described the prosecution of his clients as “collateral damages”.
He pleaded with the court to admit them to bail in the most liberal terms.
Responding, the prosecutor informed the court he was served with the bail application while in court today. He however, told the court that he leave the bail issues to court’s discretion.
Ruling on the bail application, Justice Osiagor admitted each of the defendants to N3 million with one surety each. The judge also ordered that the surety must be a Grade Level 12 and above.
The judge thereafter adjourned the defendants’ trial to June 24.
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COAS increases troops feeding allowance from N1500 to N3000
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Disappointed that troops of the Nigerian Army (NA) were still receiving N1,500 as their daily Ration Cash Allowance (RCA), the Chief of the Army Staff (COAS) Lt.-Gen. Olufemi Oluyede, has announced an upward review to N3,000 from March ending.
The COAS revealed this while addressing officers and soldiers of the 81 Division of the Nigerian Army, Lagos, at the 9th Brigade Parade Ground in Ikeja.
Oluyede is on a duty tour of project sites within the 81 Division’s area of responsibility.
Assuring the troops of his commitment to bettering their welfare, the COAS acknowledged that many serving Warrant Officers do not own a house they would retire to.
He said the service has introduced a housing scheme to address the accommodation needs of retiring officers, so that they would have a roof over their heads upon retirement.
“I am going to build on what my predecessors have done in improving the welfare of our personnel. I am sure you are all aware of our initiatives.
“In December, under the Nigerian Army Housing Scheme, we unveiled the first set of houses in Abuja. As I speak, we are beginning a new set in Ibadan.
“We have also secured land for another set in Jos. Additionally, we are developing housing units in Port Harcourt, Owerri, and Akwa Ibom states.
“This will ensure a widespread distribution of houses that soldiers can subscribe to. You will all agree with me that there is nowhere in Nigeria where you can buy a two- or three-bedroom house for as low as N8 million.
“This is a significant investment by the Army to ensure you have a comfortable post service life. In fact, we are accelerating the process so that more personnel can benefit. I want you to believe in this system because it is worthwhile,” he said.
Oluyede also said the service has introduced a-three per cent interest loan for soldiers in need, to enable them undertake projects of their choice.
“As for the loan scheme, it comes with just a 3% interest rate. If you go to banks, the lowest interest rate you will find is around 25%. We have deliberately kept our rate low to make it accessible. More funds will be injected into the scheme, so if you have pressing financial needs, you are encouraged to apply.
“However, I want to advise that if you don’t truly need it, or if you are not in urgent need, it’s best not to take it. It is easy to obtain but difficult to repay. That said, it is available to you, it is your right, and you can apply for it at any time. Once approved, you will receive it as quickly as possible,” he said.
On soldiers paying for their uniforms out of pocket, the COAS said it was concerning, revealing that distribution of about 100,000 kits monthly had commenced.
“We have allocated uniforms to smaller divisions. The next phase will cover the 82nd Division. Once we complete distribution there, we will proceed here and issue more uniforms. I can assure you that before the end of the year, you will likely receive another set.
“As soon as we acquire more, you will get them. However, I want to emphasize that obtaining uniforms is not an easy process,” Oluyede said.
With the various welfare packages to boost their morale, Oluyede urged personnel to remain committed to their duties, stressing that more was expected of them.
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Alleged N.8trn scam:Ex-Acting AGF begs for plea bargain
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A Federal High Court in Abuja has adjourned further proceedings in the trial of a former acting Accountant General of the Federation (AG-F), Chukwunyere Nnabuoku till March 13 to enable him make another attempt at plea bargain.
Nnabuoku is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on an amended monday laundering charge, marked: FHC/ABJ/CR/240/2024, in which he is accused among others, of diverting about N868.4millon public funds.
The anti-graft agency alleged that Nnabuoku committed the said offence while serving as a Director of Finance and Account in the Federal Ministry of Defence.
Nnabuoku was earlier arraigned with Felix Nweke (who worked under him in the Federal Ministry of Defence.
On October 14, 2024 both defendants opted for a plea bargain agreement with the EFCC, which was eventually not carried through.
The prosecution subsequently amended the charge and listed Nnabuoku as the sole defendant, with Nkweke as one of its witnesses.
At the resumption of proceedings on Wednesday, Nnabuoku’s lawyer, Isidore Udenko said he was no longer the lead defence counsel, adding that Norrison Quakers (SAN) was now leading him.
Udenko told the court of his client’s intention to further take another shot at plea bargain.
He then prayed the court to grant an adjournment to enable the defendant explore the plea bargain option.
When asked by the trial judge, Justice James Omotosho if he was still part of the defendant’s legal team, Udenko said:
“I am part of the team my lord. But at this point, I am under superior authority. I wish my Lord can understand my helpless state.
“The SAN asked me to plead with the court to give him just one opportunity.
“Definitely in the next adjourned date, he will be here. We know that my lord has been diligent and we are determined to be diligent on our part,” Udenko said.
The prosecuting lawyer, Keele Iheanacho (SAN) expressed disappointment that he was made to bring his witnesses to court only for the defence to stall proceedings.
Iheanacho later agree to Udenko’s request, following which Justice Omotosho warned that he would not condone any further adjournment in the case.
The judge said he would take a decision if there is a repeat of the incident.
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