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Reps to investigate firm over alleged HealthPlus acquisition


Reps to investigate firm over alleged HealthPlus acquisition
On
By Henry Ojelu
The House of Representatives has directed an investigation into the legality of the operations of private equity firm, Alta Semper Capital UK (a.k.a Idi Holdings), as a part-owner of the popular retail pharmacy chain, HealthPlus, in Nigeria.
This came following a petition made by Oladimeji Ekengba and presented by Rep Benjamin Kalu, which challenged the waiver granted by the Pharmacists Council of Nigeria (PCN) to Alta Semper Capital purportedly permitting the private equity firm to co-own and operate the retail pharmacy, HealthPlus in Nigeria.
The petition argued that according to Section 2(2) of the Pharmacists Council of Nigeria Act, P.17, 2004 (PCN Act), a retail pharmacy can only be wholly owned by a registered pharmacist or in partnership with other registered pharmacists; and therefore, that the letter of ‘No Objection’ issued to Alta Semper as a waiver by the Registrar o ....

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Enugu witnessing influx of people because of peace - NSCDC boss tells Gov. Ugwuanyi


The new Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Enugu State Command, Commandant Africa Valentine Ezenyimuru, has commended Governor Ifeanyi Ugwuanyi’s peace and development initiatives.
He said he was impressed to observe that a lot of people were flooding into the State because of the enduring peace and good governance entrenched by the Governor.
Speaking when he paid a maiden courtesy visit to Gov. Ugwuanyi at the Government House, Enugu, on Wednesday, Commandant Ezenyimuru, also applauded the governor for the cooperation and support his administration has continued to extend to the security agencies in Enugu State, to ensure that the existing peace and good governance in the state are sustained. ....

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Alta Semper faces Reps panel over ownership of Health Plus Pharmacy


Daily Post Nigeria
Published
A private equity firm, Alta Semper, is to face a House of Representatives panel, over what the lawmakers described as “unlawful waiver” obtained by the company to hold shares in a popular retail Pharmacy, Health Plus.
The resolution followed a petition by one Mr. Oladimeji Ekengba, challenging an alleged waiver granted by Pharmacists Council of Nigeria (PCN) to Alter Semper Capital, also known as Idi Holdings.
Reps Spokesman, Hon. Benjamin Kalu, presented the petition on behalf of the petitioner during the plenary.
Addressing newsmen on Wednesday, Rep. Kalu said the decision by the House to investigate the matter was in order and according to the Act establishing the Pharmacists Council of Nigeria (PCN). ....

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