QUICK LINKS

×
  • Business - Companies
  • Updated: March 13, 2022

Guinness Nigeria Plc Debunks Rumour Of Relocation From Nigeria

Latest News

Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

More From this Author

Guinness Nigeria Plc released a public statement disassociating itself from some media claims about its plans to leave Nigeria.

The beverage drink giant, which has been operating in Nigeria for more than 60 years, reacted to rumours making the rounds on social media and some online media publications that it had made plans to sell its assets and exit the country.

While responding to the falsehood being circulated on the social media, Rotimi Odusola, the company secretary and corporate relations director, said, "The attention of the management of Guinness Nigeria Plc has been drawn to some false, malicious, and misleading publications trending on some social media platforms, falsely alleging that Guinness Nigeria is relocating out of Nigeria and consequently planning to sell some assets."

"This falsehood is being irresponsibly circulated by faceless persons purporting to be property agents and unfortunately being amplified by some online news media without proper checks with the Management of the Company."

The company's secretary was displeased with the way some property speculators, in an attempt to drive the price of a property upward, engage in unhealthy speculative businesses that not only jeopardize their integrity but also cause panic in the hearts of the company’s stakeholders, especially its shareholders.

"Guinness Nigeria Plc. certainly has no plans to exit Nigeria, contrary to the orchestrated false publication making the rounds.

"We are strong, stable, and deliver value to our esteemed stakeholders," the statement issued by Rotimi on behalf of Guinness Nigeria Plc reads.

"We would also like to clearly state that the malicious publication is not in tandem with our well-publicized investment and expansion drive, as we recently reaffirmed our long-term strategic expansion plans in Nigeria with the acquisition of an additional 25-acre commercial property in the Ogba industrial area of Lagos, purchased recently in late 2021."

The company reminded the general public, especially its shareholders, that just recently it posted its six-month unaudited financial statements, posting an impressive financial growth where its operating profit grew by 266% to N13.6 billion, which represented one of the largest in the country.

"Guinness Nigeria also recently announced our Half Year Unaudited Financial Result for the 6 months ended 31st December 2021 in which we notified our esteemed shareholders of our stellar performance in which our 6 months’ Operating Profit grew by 266% to N13.6Billion., Rotimi emphasized

The company also used the opportunity to remind all that it desires to serve its revered consumers and the creation of jobs for Nigerians, can be seen with the completion of its $5 million additional production line at the brewery in Ogba, which is a testament to its unwavering love for the country.

"We are also pleased to state that we are on the verge of completing work on our new ultra-modern administrative head office block located in Ikeja, where we will be moving in the next few weeks.

"We urge our esteemed shareholders, employees, stakeholders, and members of the public to ignore the false, malicious, and misleading publication in whatever form as it never emanated from the management of Guinness Nigeria Plc.

"Guinness Nigeria, part of the world’s largest premium drinks company, Diageo Plc., is home of the first Guinness brewery outside of the British Isles. Established in 1950, we are one of the oldest surviving manufacturing companies in Nigeria.

"Guinness Nigeria subscribes to the highest standards of corporate governance and will continue to demonstrate the highest standards of integrity, and especially guarantee that our engagement with consumers, government agencies, suppliers, shareholders, and other stakeholders is driven by our values and principles.

"Guinness Nigeria has confidence in the Nigerian economy and, just as we have done for the past seventy-one years, we will remain a major player in the country by continually investing, developing capabilities, growing brands that most suit the consumers’ needs; and contributing positively to lives, communities and the environment," he concluded.

Tags

Join our Telegram platform to get news update Join Now
Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

More From this Author

0 Comment(s)

SPONSORED

See this post in...