Business
Mobil, Local Firm Begin Talks On Patent Right
After a long delay, Mobil Producing Nigeria Unlimited is now said to have entered into negotiation with Command Clem Nigeria Limited (CCNL) on how to begin payment on patent right accruing from the invention of the anti-corrosive chemical, invented by CCNL.
The Tide has reliably gathered that a meeting to that effect was held last December between the two companies on how to settle the outstanding sum of money to the patent owner.
Briefing The Tide in his office, the Rivers State Coordinator of Command Clem, Pastor Silas Manasseh, said that the meeting between the two companies, held in December 2010 was facilitated by Dr. Mike Uye; a Nigerian-born human rights activist based in Belgium.
According to the CCNL State Coordiantor, Uye had returned to Nigeria last December for the purpose of that meeting, which he said was the first of it’s kind since the two companies had been in legal battle for several years running, until 2009 when the Federal Appeal Court in Calabar gave judgment on the matter in favour of Command Clem.
He said that Mobil has finally agreed to pay for the patent right, and for which reason another meeting has been scheduled next month to fine-tune payment modalities.
Although the Chief Executive of Command Clem, Rev. (Dr.) Clement Uwemedimo was not in the first meeting due to a health problem, it was gathered that he will be expected to declare to Mobil Producing Unlimited how much they are expected to pay per barrel of oil, from where issues will be harmonized at the next meeting.
Pastor Silas therefore called on all patentees of CCNL to exercise patience on the on-going negotiation, and expressed hope that things will settle down in a short while, such that will make members smile to the bank.
It would be recalled that the CCNL had been in legal battle with Mobil Producing over the ownership of patent for over nine years running, until when in December 2009, the Federal Court of appeal sitting in Calabar declared in its judgement that CCNL owns the patent, and just last December, Mobil has shown interest to negotiate for payment.
Corlins Walter
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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