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Attempted Takeover of HealthPlus Immoral-Lawyer

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Lagos-based lawyer, Mr Femi Ojumu, has branded the attempted takeover of pharmaceutical retail outfit,  HealthPlus,  by a United Kingdom private equity firm,  Alta Semper Capital,  as immoral.

Lagos-based lawyer, Mr Femi Ojumu, has branded the attempted takeover of pharmaceutical retail outfit,  HealthPlus,  by a United Kingdom private equity firm,  Alta Semper Capital,  as immoral.

Ojumu made his view known in a statement issued in Lagos yesterday. Reacting to the forcible takeover,  which has been widely condemned by Nigerians,  the lawyer said the attempted takeover is immoral,  as it has the potential of causing loss of jobs by staff of HealthPlus.

  “I have to say it’s  morally wrong. I have an interest in this matter, as HealthPlus has created direct and indirect employment for almost 1000 Nigerians.   l also can’t see why foreign private equity investors will enege on an investment agreement and seek to tarnish the hard-earned reputation of a successful brand.

It is not acceptable,” he said in the statement. The five-year investment agreement between Alta Semper and HealthPlus, signed in 2018, was to enable the pharmaceutical retail giant to expand its operations with funds from the foreign firm,  which was to have majority stake. The agreement, however,  broke down, following the equity firm’s refusal to release funds as agreed, resulting in hindrance for the expansion drive.

   The development led HealthPlus to file a suit at the Federal High Court (FHC/L/CS/609/2020) seeking to stop the foreign firm from withholding funds, interfering with the functions of key employees, corporate governance abuse and attempting to sack the CEO.   Despite obtaining a motion on notice restraining Alta Semper from forcible takeover, the equity partner, on Saturday, announced that it had sacked HealthPlus CEO and founder, Mrs Olubukola George, in a letter to the Pharmaceutical Council of Nigeria.

 HealthPlus, in a statement the same day, described the announcement as illegal. On Friday, Alta Semper’s representatives attempted to seize the company without a board resolution and approved minutes of the board meeting that approved their action. The equity partner also sought to take over HealthPlus’ finances by

contacting its bankers and payment systems service provider, but met a brick wall as it had neither a board resolution nor approved minutes of the board meeting authorising a takeover.
Sources close to Alta Semper claim that the equity firm owns 95 per cent stake in HealthPlus, but the company’s list of shareholders shows that  Mrs George owns 923,974 ordinary shares (46.2%) while Idi Holdings (Alta Semper) owns 1,076,026 ordinary shares (53.8%) of HealthPlus Africa Holdings, the parent company of HealthPlus (Nigeria) Limited.
 In its statement issued on Saturday, HealthPlus said Alta Semper refused to file a defence after being served the court processes in relation to the suit filed at the Federal High Court. Instead, it  suggested that the parties should consider informal mediation, a move to which it said the UK firm showed no commitment.

I am Paschal Ogechi Obi Chikero . I have written and published three books , I wrote Festus Keyamo's biography- Lion In Isolation .I have been a Reality TV show Producer/Creator, an Actor and Film Script Writer.

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Nigerian News

Gbajabiamila is pride to Lagos, face of effective legislature – Lagos Assembly

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Gbajabiamila is pride to Lagos, face of effective legislature - Lagos Assembly

The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr.) Mudashiru Ajayi Obasa, and members of the House on Monday showered encomium on Rt. Hon. Femi Gbajabiamila, Speaker of the House of Representatives, who recently clocked 60.

The members of the House spoke during plenary describing Gbajabiamila as one who has brought pride to Lagos State.

Speaking about Gbajabiamila’s legislative acumen, Rt. Hon. Obasa described the Speaker of the House of Representatives as “a legislator who carries out his duty with passion and dedication. He has sacrificed his own personal interest in the interest of the people.

“You will recall during the reign of the Peoples Democratic Party (PDP); he was awarded a national honour, but because he had reservations the way and manner the country was being managed then, he rejected the offer.

“This shows that he has always been with the people and serves in the interest of the people. He has also contributed a lot to the development of legislative institutions in this country.”

The Speaker thereafter directed the Clerk Barr. Olalekan Onafeko to transmit a congratulatory letter to the celebrant.

The Deputy Speaker, Hon. Wasiu Eshilokun-Sanni, in his congratulatory message described Rt. Hon. Gbajabiamila as an example of what a legislator should be .

“He has shown that the older the wine, the better the legislature,” he said.

Majority Leader of the House, Hon Sanai Agunbiade, described Gbajabiamila is a man that is charismatic of the office he occupies.

“He is calm, composed and each time you watch him preside, you would know an experienced legislator is presiding,” he said.

The Deputy Whip of the House, Hon. Mosunmola Sangodara, described Rt. Hon. Gbajabiamila as a great leader who has brought developmental projects to Surulere constituency.

“He is a very outstanding man. His success cannot be far-fetched as this trait can be seen in his mother who was once a Local Government chairperson and performed very well during her time,” she said.

In his contribution, Hon. Temitope Adewale from Ifako-Ijaye said Speaker Gbajabiamila had shown to the world that there is credence in legislature .

“We are celebrating a man from Lagos who has rose from the ranks to become the ‘number four citizen’ in the country,” he said.

While lending his voice to the debate, Hon. Sa’ad Olumo opined that “Gbajabiamila had done everything in terms of quality representation. He has great impact on us in his capacity and representation.”

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Grace Nation: Thanksgiving is a Prophetic Application for More blessings from God – Dr Chris Okafor

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Thanksgiving is a testimonies address to God that qualify you for more mind blowing miracles, when you give thanks you challenge God to do more

This and more are the declaration of God servant and the Senior Pastor of Grace Nation International aka Liberation city Dr Chris Okafor at the Thanksgiving service of the just concluded Mid year Cross over Conference held at the international Headquarters of the church in Ojodu Berger Lagos Nigeria

The Oracle of God as he is fondly called by faithful said anytime you did not give God thanks his glory, it seem as if you eat what belongs to him and when you do that the blessings you are entitled to will not come but when you do, your abundance blessings is quaranteer

In his sermon with subtitles The Powers of Thanksgiving, the Generational prophet of God said Thanksgiving Ginger Almighty God to put you in the Book of breakthrough, he said whatever condition you meet yourself gives thanks

More than 42 families dedicates there miracle babies across the world at the special Thanksgiving service, among them was a family who has been married for over 16 years without the fruit of the womb they dedicates there miracle baby at the services,saying it can only be the God of Dr Chris Okafor who have bless them with a baby

The Special Thanksgiving service came to close as famous Nigeria popular Gospel Artiste Gabriel Peters treated participants to melodious Praise and worship songs.

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Grace Nation Mid-year Cross Over : The Remaining 6 Months of The Year Will be Harvest In All Side For Kingdom Promoters – Dr Chris Okafor

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Grace Nation Mid-year Cross Over : The Remaining 6 Months of The Year Will be Harvest In All Side For Kingdom Promoters - Dr Chris Okafor

It is the Spirit of God that gives inspiration to make wealth and be successful in Life, Although when God Position you for greatness you will definitely meets obstacles but when you understands the Legal technicality and The Principles of the Almighty God in the place of service, you exile in your endeavours

Speaking at the Day 3, of the ongoing Mid year Cross Over Conference at Grace Nation International Headquarters in Ojodu Berger Lagos Nigeria, The Senior Pastor of the Church Popularly known as The Generational Prophet of God Dr Chris Okafor said, the remaining second half of the year according to what he hears from God shall be, Months of Harvest for those who Promotes God’s Kingdom, the Man of God started further that the Kingdom is not about sentiment but Principles, he added in as.much as you understand the Methodology and the Legal Technicality of Give and take, you will definitely harvest in Multiples

In his sermon with theme “Breaking The Limit” Dr chris okafor Emphasised that when God assign you for greatness the enemies will like to limit you, but it is good you know which weapon you can deploy to battle the limit,

The man of God Continue that, there are various kind of Limit Projected by the Enemies, he said some limits are Poverty, sickness, barrenness, altars and barriers, but when you understand the source of such Limit, to tackle it now become something with else, Prayers and fastings is good but when you Practices Kingdom Partnership, when you partner with God, in return God too will Partner with you, therefore you break out of any Limits, God does not give to those who are not into Partner with him, the Apostle of God remarked

There is an antidote to escape death and the simple but hard to abide is by worshiping God in Truth and in Spirit, when you uses what God gave you to worship him, he marked you with the blood and when the Death come and see your mark, Death pass over, i am a commited kingdom promoter, i service God like no Tomorrow this is the reason, anytime death came knocking, My families and myself Escape, No matter how far they have gone in there conclusion we escape, Dr chris Okafor Concluded

It was a praise and worship jamboree at the Conference (Night Vigil) As foremost Popular Gospel Act with wonderful Solo Voice Who is also a Son of the Prophet Gabriel Peters dazzles faithfuls with his popular latest track and many more, as faithfuls dance to there next Level and to Harvest bountifully in the second half of the year

The Realms of the Prophetic witness another tsunami in the kingdom of Darkness as acclaimed strong man behind many family predicaments were smoke out, Leaving many demonic altars empty,,

One of the interested scenero was that of a woman who was fires a spiritual arrow on her leg, she could not walk to church but after prayers and deliverance by God servant the arrow give way and the swollen leg come back to normal,
So many mind blowing testimonies, meanwhile 64 woman receives their miracle babies at the conference on Day 3, Over 1000 Participants gave there lifes to christ, this is the most important aspect of the conference, ,

The Special thanksgiving service for the annual conference Continue on 26th June 2022 at the international Headquarters of the church in Ojodu Berger lagos Nigeria,

The sunday program is also tagged as the Cultural Sunday Service of the church where faithfuls and Participant are expected to Dress in the Native Attires

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