Business
$75m: Pfizer Demands DNA Report from Beneficiaries
Pfizer International, the US pharmaceutical company that carried out a meningitis trovan test in 1996 on a number of children in Kano State, has demanded a Deoxyribonucleic Acid (DNA) report as a pre-condition for beneficiaries to draw down on the $75 million judgment money against it, a retired justice of the Supreme Court, Justice Abubakar Wali, has said.
Speaking at the palace of the Emir of Kano on Friday, Justice Wali, who traced the history of the trovan test, said Pfizer came to Nigeria in 1996 at the peak of the outbreak of meningitis disease in Kano to offer assistance on affected victims. He said, unknown to the government and people of the state, the company had come to test the drug, which resulted to deforming and killing of many children in the state.
The retired Justice also said his team was at the palace to seek the guidance of the emir, Alhaji Ado Bayero, as plans were afoot to sensitise the people against coming in to make wrong claims. He assured that “all the victims must undergo DNA test to ensure that the genuine victims benefit from the settlement.”
Justice Wali also told the emir that out of the $75 million judgement money Pfizer agreed to pay, $30 million would go to the victims and their families. Another $30 million would be used to provide health projects in the state, while $10 million would go for litigations and $5 million used to settle sundry expenses.
Responding, the Emir Bayero explained that he was aware of the task before the committees instituted by the state government to handle both the settlement of compensation to the victims and healthcare issues, as agreed by Pfizer and Kano State government.Bayero said the Kano State Government had constantly been updating him on any development relating to the Pfizer case and commended the government for leading the litigations initially started by the families of victims. He said such an effort had yielded positive results.
According to him, “ I have to commend the efforts of the government in ensuring that justice is done, through the out of court agreement, what I want people to do now is since the monies will be provided soon for settlement of the victims or their families, modalities should be followed to the last letter so that only the affected families benefit”.
He advised that the people should be aware of the modalities to be followed in taking the claims; as such all claimants should be honest because the calibre of persons in the two boards would not in any way allow abnormalities.
He cautioned pharmaceutical companies worldwide to conform to the ethics and avoid testing animal drugs and vaccines on human beings. He said that what happened in Kano in 1996, in which hundreds of children were reported dead or deformed through the application of meningitis trovan test drugs was a great lesson to the whole world.
Other members of the settlement team that accompanied Wali to the palace were Justice S. M Balgore (rtd), Professor Isa Hashim, Dr Musa Borodo, Professor Mutassir Ibrahim and Dr Prosper Igboli.
Besides, Wali said the state government had also instituted a healthcare board under Professor Shehu Ahmed Sa’id Galadanchi as chairman to fast track the implementation of government’s action plan arising from the Pfizer case.
Other members of the board are Professor Auwalu Hamisu Yadudu, Architect Ibrahim Haruna and Dr. Habibu Sadauki, Alhaji Adamu Aliyu Kiyawa and Alhaji Adamu Jafiya
Both boards, Wali said, have Mr. David Odiwo and Alhaji Umar Farouk Ibrahim of the SSG office as secretary and assistant secretary respectively.
Kano State Government on July 30 formally signed an agreement with Pfizer over the controversial drug trial. The out-of-court settlement in the multi-billion-dollar suit against Pfizer, in the three-year drug test in the state, came after years of litigation.
“We have settled and we are signing an agreement , Kano State government has finally reached a $75 million settlement agreement with Pfizer Pharmaceutical Company, over the 1996 Trovan test in the state,” said Aliyu Umar, counsel for Kano State government, had said then.
Kano State Governor, Ibrahim Shekarau, had said he was in London with leader of the Trovan test victims’ chairman, the State Attorney-General, and the State Commissioner for Health to finalise agreement and work out modalities with Pfizer executives on how the money would be shared. He said the full payment might take up to 2011.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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