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Girish Sharma Emerges as new MD/CEO Of Guinness Nigeria…..as Tolaram completes acquisition

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Guinness Nigeria Plc has announced the appointment of Mr. Girish Sharma as Managing Director and four other Non-executive Directors following the completion of the share sale agreement between the company and now former majority shareholder Diageo.

 

In a statement on the NGX, the company informed the public of the resignation of Mr Adebayo Alli – Managing Director, Ms Joan Hodgins as Vice Chair & Non-Executive Director, Mrs Grainne Wafer and Mr Leo Breen as Non-Executive Directors of the company.

 

Furthermore, Mr Harkishin Aswani was appointed as Vice Chair & Non-Executive Director while Messrs Deepak Singhal and John Musunga as Non-Executive Directors.

 

 

The company noted that the appointments were effective on the completion of the majority share purchase from Diageo.

 

The statement reads, “Guinness Nigeria Plc. (the Company) hereby gives the Nigerian Exchange Limited and the investing public notice of the following changes to its Board of Directors effective at the completion of the sale of the majority shares from Guinness Overseas Limited and Atalantaf Limited (Diageo) to N Seven Nigeria Limited (Tolaram) (“Completion”) i.e. 30th September, 2024”

 

 

It is important to note that Diageo today announced the completion of the sale of its shareholding in Guinness Nigeria PLC to Tolaram which was announced in July, 2024.

 

It stated that it would continue producing and distributing Guinness and its other locally manufactured brands across Nigeria under a licence and royalty agreement, which aligns with Diageo’s efficient and flexible beer operating model.

 

Following the changes made to the Board of Directors of Guiness Nig Plc, its new Board is as follows;

 

 

Dr Omobola Johnson – Board Chair & Independent Non-Executive Director

Mr Harkishin Aswani – Vice Chair & Non-Executive Director

Mr Girish Sharma – Managing Director (Executive)

Mr Emmanuel Difom – Finance & Strategy Director (Executive)

Mr Deepak Singhal – Non-Executive Director

Mr John Musunga – Non-Executive Director

Prof Fabian Ajogwu, OFR, SAN – Independent Non-Executive Director

Ms Ngozi Edozien – Independent Non-Executive Director

Mrs Vivien Shobo – Independent Non-Executive Director

What you should know

In June 2024, Diageo reached an agreement to sell its controlling stake of 58.02% in Guiness Nigeria Plc to a Nigerian firm- Tolaram- signalling Diageo’s exit from Nigeria.

 

 

The transaction, anticipated to close in fiscal 2025 pending regulatory approvals, will enable Tolaram to establish long-term licensing and royalty agreements for the continued production of the iconic Guinness brand, as well as Diageo’s ready-to-drink and mainstream spirits locally.

 

Guinness at the time of the announcement had a market capitalisation of N110.7 billion, based on a share price of N50.5 per share, indicating that the deal could exceed N64 billion.

 

 

 

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HAPPENING NOW: LG election holds in Rivers despite police absence •PHOTOS

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The local government election has commenced in Rivers State, despite the absence of police to man the process.

 

Our source hinted that sensitive materials have been distributed across the local government areas.

 

 

The state governor, Siminalayi Fubara, has vowed to conduct the local government election amid tensions in the state.

 

 

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Nigerian Police Refund N1million Cash Extorted From Corps Members In Lagos As Officers Undergo Probe

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Three members of the National Youth Service Corps (NYSC) have been refunded N1million, which was allegedly extorted by four police officers in Surulere area of Lagos State.

 

The officers reportedly demanded the money after the corps members failed to provide a physical copy of a driver’s licence.

 

 

An X user, Oluyemi Fasipe, had shared details of the incident, stating that one of the corps members was also forced to transfer Bitcoin worth $842 to the officers.

 

 

The Lagos Police Public Relations Officer, Benjamin Hundeyin, confirmed the officers involved had been identified and were undergoing interrogation.

 

“The rogue men of the Area C command of the @LagosPoliceNG who extorted over 1 million naira from the corp members have refunded the money,” Fasipe tweeted on Friday, October 4.

 

 

Hundeyin had stated that the outcome of the trial would determine the culpability of the officers, which could lead to their dismissal. Fasipe also expressed appreciation for the efforts of both Hundeyin and the Lagos State NYSC office in facilitating the refund.

 

He further added, “I like to appreciate @BenHundeyin and the @officialnyscng Lagos State for their efforts too. I also like to use the opportunity to say hello to my friend in Delta State, @Brightgoldenboy.”

 

 

 

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FBI Requests EFCC’s Assistance To Arrest Two Nigerians, Shodiya Babatunde and Yinka Ahmed For Stealing $13Million From American Healthcare Provider…

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The Federal Bureau of Investigation has urged the Economic and Financial Crimes Commission to help track down and apprehend two Nigerian fugitives wanted over a multimillion-dollar healthcare scheme in the United States.

 

 

Babatunde Shodiya and Yinka Jamiu were indicted on September 25 by a grand jury at the U.S. District Court of Minnesota over their involvement in a scheme that saw several healthcare providers lose $13 million between October 2020 and 2024.

 

American officials said the suspects are citizens and residents of Nigeria and urged Nigeria’s frontline anti-graft office to help locate and take them into custody, according to officials familiar with the matter who briefed Peoples Gazette.

 

 

The U.S. officials have reached out to us and they said the suspects are hiding in the country,” an EFCC agent said under anonymity to comment on an ongoing investigation. “We have an obligation to honour the request of our U.S. counterparts as part of our longstanding collaboration to combat cross-border crimes.”

 

Messrs Shodiya and Jamiu targeted at least four Minnesota-based health service providers and tricked them into paying $13 million to a manipulated account rather than the intended beneficiaries.

 

 

Knowing that Optum Pay was the preferred payment system that major health service providers adopted in Minnesota, Messrs Shodiya and Jamiu created a fake domain to divert payment for health plans into an account they set up.

 

After creating a fake domain, fairviewhospitals.org, they opened email accounts in the name of the hospital’s CEO, executive vice-president and business analyst.

 

 

With the fake addresses, Messrs Shodiya and Jamiu sent emails to Fairview employees directing them to “access an Internet link and provide information,” including their usernames and passwords.

 

From the information supplied by the unsuspecting staff, the duo gained access to Fairview’s Optum Pay account and changed the bank information to another account.

 

“Defendants Babatunde and Ahmed then changed the banking information on vendor accounts in order to direct third-party vendors to transfer funds intended for Fairview Health into unauthorised bank accounts controlled by the defendants and their co-conspirators,” the indictment sheet stated.

 

 

While posing as Fairview Health CEO and executives, the suspects contacted vendor companies, including Blue Cross Blue Shield, to update their payment accounts with new ones.

 

“On or about July 29, 2020, Blue Cross Blue Shield of Minnesota made approximately 18 wire transfers totalling nearly $8 million to an account controlled by the defendants,” stated the indictment.

 

Company B, another vendor whose identity the FBI shielded, transferred over $1 million to the fraudulent account on November 19, 2020.

 

 

Company A, a vendor health plan provider, deposited $2.8 million into the fake account in two tranches: $1.4 million on November 25, 2020, and the second $1.4 million on December 4, 2020.

 

For impersonating Fairview’s CEO and other business executives on June 20, 2020, Mr Shodiya was facing additional charges of aggravated identity theft asides the wire fraud charges.

 

The duo will forfeit any money and property linked to the proceeds of the fraud to the U.S. government.

 

If the EFCC successfully tracks down Mr Shodiya and Mr Jamiu, they will be extradited to the U.S. to stand trial.

 

 

Peoples Gazette

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