Thursday, 11 October 2018

NIGERIA:SHOPRITE OWES UNILEVER MILLIONS OF NAIRA


NIGERIA:SHOPRITE OWES UNILEVER MILLIONS OF NAIRAImage result for shoprite nigeria
BY ABDULMUMINI ADEKU[LAGOS,NIGERIA]
The News office Desk of the E.N.M.Paedia Express Multimedia Group of Lagos,Nigeria now hears that high street South African brand,Shoprite through its Nigerian affiliate actually owes Unilever Nigeria Plc several millions of naira of unpaid debt as a result of transactions between them over several years running now.
An impeccable source who is a next door neighbor to this reporter said as much recently as the source insisted that matters came to a head recently when workers and their family members  wanted to go for shopping during the festive period but had to beat a retreat as the management had to order them to all go for their respective purchases after a business voucher had exchanged hands in between the two foremost business giants.
The source noted that the voucher helped to reconcile part of the debts owed to Unilever Nigeria Plc by Shoprite as it reflected in entirety the level of purchase made by the workers thus reducing the retail firms debt profile to Unilever.
The source did not however reveal the exact amount involved in the business synergy  between both companies  which is believed had being a long standing and healthy relationship.
The source however added that there was no type of Unilever Nigeria Plc product portfolio that was not on the shelf of Shoprite and even in the open market for consumers to buy.

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