News
House to Probe Alta Semper for Allegedly Obtaining Unlawful Waiver to Co-Own HealthPlus

The House of Representatives has directed an investigation into the legality of the operations of private equity firm, Alta Semper Capital UK (a.k.a Idi Holdings), as a part owner of popular retail pharmacy chain, HealthPlus, in Nigeria.
This came following a petition made by Oladimeji Ekengba and presented by Rep. Benjamin Kalu, which challenged the waiver granted by the Pharmacists Council of Nigeria (PCN) to Alta Semper Capital purportedly permitting the private equity firm to co-own and operate the retail pharmacy, HealthPlus in Nigeria.
The petition argued that according to Section 2(2) of the Pharmacists Council of Nigeria Act, P.17, 2004 (PCN Act), a retail pharmacy can only be wholly owned by a registered pharmacist or in partnership with other registered pharmacists; and therefore, that the letter of ‘No Objection’ issued to Alta Semper as a waiver by the Registrar of PCN was an illegality.
Speaking to reporters after the plenary session today, Rep Kalu, who is also the spokesperson of the House, said “As you are aware, the PCN Act established the PCN, a body charged with responsibility for regulating the practice of the pharmacy profession in Nigeria, and also charged with the responsibility for maintaining a register of qualified pharmacists and pharmaceutical businesses.
“The combined provisions of the PCN Act and the PCN Regulations stipulate that a retail pharmacy can only be owned by a registered pharmacist or in partnership with other registered pharmacists.
“So it was shocking to learn that by a letter dated 30 October 2017, the PCN Registrar granted a waiver to an equity investment relationship between Health Plus Limited and Alta Semper Capital UK (a.k.a. Idi Holdings) in March 2018 – in defiance of the clear stipulation of our laws, which does not permit unqualified persons to own or operate a retail pharmacy business in Nigeria.
“A mere letter cannot and must not be allowed to abrogate an Act of the National Assembly. Therefore, any structure put on that weak foundation should not be allowed to stand because it was not birthed by legality.
“The only remedy for the Alta Semper-HealthPlus anomaly is for parties to be returned to status quo. While we are open to foreign direct investment, private equity companies must come through the front door and not the back door. We are a rule of law compliant nation. Investors must understand this and comply with our laws.
“The Covid-19 scourge has critically impacted medicine security in Nigeria. So, as we navigate the challenges of the pandemic, now more than ever, there is a grave responsibility on the government to ensure best practices and a healthy regulatory space for local pharmaceutical businesses to thrive.
“Pharmaceutical practice standards and the integrity of the supply chain should not be distorted or compromised. We cannot allow unlicensed practitioners in Nigeria’s pharmaceutical space because it could create a window for fake or substandard drugs to be introduced into the system.”
According to Kalu, the Committee on Public Petitions has been mandated by the House to investigate this issue, adding that the management of Health Plus, Alta Semper Capital, Pharmacists Council of Nigeria and every other persons who had played a role in the issue would soon be invited to the House.
He said he was confident that in reviewing the petition, the House would do justice to the concerns raised by the petitioner and ensure that the health and safety of Nigerian citizens were safeguarded against predatory or charlatan practitioners in the pharmaceutical sector.
Further investigation showed that pharmacists in Nigeria were displeased with the relationship between Alta Semper Capital and HealthPlus, arguing that the union is based on an illegality which is harmful to the pharmaceutical sector.
News
PalmPay Launches CSR Initiatives to Empower Women, Foster Financial Literacy in Northern Nigeria

In a strategic move to expand financial inclusion in Nigeria, leading mobile banking platform, PalmPay has launched a series of CSR programs across Kano and Kaduna. The CSR initiative named “Passing the Baton” represents the brand’s commitment to passing on knowledge and providing the resources individuals and businesses need to achieve financial independence and drive economic empowerment.
This initiative is a bold move by PalmPay to bridge the opportunity gap in the North by providing financial literacy training and micro-business branding support to 5,000 women-owned businesses in Kano and Kaduna. This strategic initiative reaffirms PalmPay’s commitment to inclusive development and economic empowerment, particularly in underserved regions.
“At PalmPay, we believe that real financial inclusion must be far reaching and cover the grassroots,” said Chika Nwosu, Managing Director of PalmPay. “Our new CSR program is focused on supporting gender equity by equipping women with the knowledge, tools, and visibility they need to thrive as entrepreneurs in their communities.”
Through this initiative, beneficiaries will receive free health insurance, hands-on training workshops, enhanced store branding to boost visibility, and branded merchandise to strengthen their business presence.
The initiative is part of PalmPay’s broader strategy to extend its innovative solutions, expand its footprint in Northern Nigeria, while building sustainable partnerships with local stakeholders for long-term impact.
In a show of support, His Royal Highness, the Emir of Kano, Dr. Muhammadu Sanusi II, has endorsed the initiative, calling on other stakeholders to join forces with PalmPay in ensuring the North benefits fully from the growing digital economy. PalmPay has received commendation from community stakeholders, as the initiative aims to serve as a model for similar projects across other northern states.
As PalmPay continues to scale across Nigeria, the company remains committed to bridging the financial inclusion gap and empowering underserved groups, particularly women and youth, through its innovative solutions and impact initiatives.
News
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial


News
Anambra Shines in 2025 E-Governance Rankings, Setting National Standards

Anambra State has once again demonstrated its leadership in digital transformation, emerging as one of Nigeria’s top three states in the 2025 e-Governance Report published by the Panorama CIAPS Governance Performance Index (CGPI).
According to the report — a collaborative effort between Nigerian Panorama and the Commonwealth Institute of Advanced Professional Studies (CIAPS) — Anambra ranks alongside Lagos and Enugu as the leading states in adopting and implementing e-governance practices that foster accountability, transparency, and improved service delivery.
In his remarks, Professor Anthony Kila, Director of CIAPS, emphasized the importance of e-governance in shaping how governments interact with citizens. “The centrality of e-governance allows us to assess the performance of state governments in the country. How the government treats the digital world says a lot about them,” he said.
The report evaluated states based on a comprehensive set of criteria, including website security, up-to-date content, public engagement, availability of online services, policy updates, and user accessibility. Anambra’s performance reflects the state’s deliberate investment in digital infrastructure and its commitment to leveraging technology as a tool for inclusive governance.
Reacting to the recognition, the Managing Director/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA, described the report as a welcome validation of the efforts being made under the leadership of Prof. Charles Chukwuma Soludo, CFR, to reposition Anambra as a liveable and prosperous smart mega-city.
“This is not just about being tech-savvy,” Agbata said. “It’s about using digital tools to create real impact — making the government more accessible, responsive, and transparent. Anambra is building a digital future that works for everyone.”
The CGPI Report recommended that all states intensify efforts to train public servants, maintain digital platforms effectively, and build user-friendly systems that keep citizens informed and empowered. For Anambra, this recognition serves both as a milestone and a motivation to scale new heights.
As the journey continues, Anambra remains focused on setting the pace for e-governance in Nigeria in line with the Governor’s mantra of Everything Technology & Technology Everywhere.
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