NIGERIA: Danjuma Bails May and Baker with N1.3bn

The shareholders of the pharmaceutical giant had, last Thursday, pleaded with Danjuma to bail out the company from its bank debts. Sonny Nwosu, the President of May and Baker’s Shareholders Solidarity Group, had moved a motion urging Danjuma to intervene by personally repaying the loan at the company’s 61st annual general meeting in Lagos; adding that failure to do so would amount to the company using the rest of its life paying interest on the loans.

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