Barely a fortnight that Nigerian Communication Commission (NCC) slammed N1.04trillion fine on MTN Nigeria for failing to deactivate unregistered SIM, another multi-national company, Guinness Nigeria has come under heavy hammer of regulator. Guinness Nigeria has revealed that Nigeria’s National Agency for Food and Drug Administration and Control (NAFDAC) has fined the company N1 billion ($5 million) over alleged infractions relating to the destruction and re-validation of expired raw materials without prior approval.
The parent company of Guinness, Diageo, said it did not fully understand the basis for the fine, nor the particular regulations infringed, but was in talks with NAFDAC to resolve the matter.
Guinness started formal operations as an incorporated company in Nigeria in 1962 with a brewery built in Ikeja, Lagos.
Last month, Guinness revealed a three percent increase in revenues for the first quarter ended in September.
