[OPINION] Healthplus: Why PCN Must Remain Neutral africanexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanexaminer.com Daily Mail and Mail on Sunday newspapers.
HealthPlus: Why PCN must remain neutral
The Pharmacists Council of Nigeria (PCN)
By
The Pharmacists Council of Nigeria (PCN) has recently involved itself in a needless controversy over the disagreement between Alta Semper Capital, a renowned U.K. investment firm and Mrs. Bukky George, the founder and erstwhile Chief Executive Officer (CEO) of pharmaceutical retailer HealthPlus Limited.
It all started in 2017 when Alta Semper began talks with HealthPlus to give a lifeline to the business and help grow it. At the time Mrs George approached the PCN to secure a letter of “no objection” to the investment. Although such a letter was neither a pre-requisite for foreign investment in a pharmaceutical company in Nigeria, nor has the PCN ever issued it before, the regulatory body honoured the request in a bid to support Mrs. George and save HealthPlus from a potential collapse due to paucity of funds.