By Chidi Nkwopara
OWERRIâ€” The Federal High Court, sitting in Owerri, has ordered the National Agency for Food, Drug Administration and Control, NAFDAC, to pay a total sum of N898,881,145.20 as special damages to an Owerri-based pharmaceutical firm, Reagan Remedies Limited.
The court also ordered that 10 percent of the total sum be paid to the plaintiff per annum until the entire cost awarded against NAFDAC was defrayed.
The order was part of the judgment delivered by Hon. Justice F.A. Olubanjo, in the suit, FHC/OE/CS/43/2008, filed by the companyâ€™s Managing Director, Dr. Christian Igwe, against NAFDAC.
In deciding the matter, Justice Olubanjo agreed that the factory was shut down in 2002, while the plaintiff was charged before an Umuahia Federal High Court for allegedly manufacturing fake and sub-standard drugs.
While equally recalling that the court discharged and acquitted Dr. Igwe in all the charges brought against him, Justice Olubanjo also fumed that NAFDAC refused to unlock the pharmaceutical firmâ€™s premises despite repeated appeals by the plaintiff.
â€œAn inventory and valuation was carried out by the plaintiff after the Court of Appeal dismissed the appeal filed by NAFDAC against the judgement of the Federal High Court, Umuahia. The financial loss was put at N898,881,145.20,â€ Olubanjo said.