The leading West African pharmaceutical chain, HealthPlus Limited, has debunked the press release which announced the appointment of Chidi Okoro as its Chief Transformation Officer (CTO). According to the management of the company, the announcement was false and was neither authorized by the company nor anybody acting on its behalf.

The previous statement had alleged that HealthPlus Limited appointed Chidi Okoro as its Chief Transformation Officer. It also revealed that the Founder and Chief Executive Officer (CEO) of the company, Mrs Bukky George, had been relegated to a director and stakeholder role.

However, HealthPlus revealed in a statement dated September 26, 2020, that contrary to the fake press release, Mrs Bukky George retains her title as the head of the company.

While urging the general public to ignore the previous release, the company wrote in the statement, “It is the handiwork of unscrupulous foreign and local businesswomen and businessmen intent on reaping where they have not sown simply because they now see opportunities from the COVID-19 pandemic, like scavengers and vultures. It is instructive to note that the Chairman of the Board of Directors resigned two days ago and another Director resigned five weeks ago. Both gentlemen had been displeased and frustrated by the impasse and its debilitating effect on the company, its fortunes, employees, and above all, the sheer injustice occasioned by it all.”

The pharmaceutical company further explained that it collaborated with Alta Semper Capital, a foreign private equity firm (PEF), in 2018 to inject fresh capital to further grow the business.

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According to the statement, the PEF was to exit after five years and Mrs Bukky George was prepared to give the PEF a controlling stake in order for them to realize their investment.

HealthPlus added, “The endeavour was to run into troubled waters primarily on account of Alta Semper’s futile attempts to take over the company, leading to it deliberately starving the company of pledged funds as well as the intransigence of Alta Semper’s owners when reminded of their obligations.”

The company revealed that it had a legal battle with Alta Semper but the foreign company manipulated the whole process. HealthPlus described Alta Semper’s actions, including the arbitration claim that it has now filed, as a serious affront to the authority of the court and a desecration of the integrity of the Nigerian judicial system.

Finally, the company advised the general public, Pharmacists Council of Nigeria, its staff, customers, and stakeholders to ignore the earlier unauthorized press release adding that Bukky George remains its founder and CEO.

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