FCCPC Approves Coca-Cola’s Sale of CHI Limited to UAC

James Emejo in Abuja

The Federal Competition and Consumer Protection Commission (FCCPC) has reportedly approved Coca-Cola’s sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria Plc.

The transaction was disclosed by the Coca-Cola Company, which stated that the transaction had now been closed.

The deal, first announced on July 30, transfers ownership of CHI Limited, a Nigerian food and beverage producer whose portfolio includes juice and value-added dairy brands.

Though terms of the transaction weren’t disclosed, Managing Director of Chivita|Hollandia, Eelco Weber, in a statement said, “We are pleased to have received regulatory approval for this transaction.

“We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership.”

Coca-Cola initially acquired a 40 per cent stake in CHI in 2016 and completed the full acquisition by purchasing the remaining shares in 2019, gaining 100 per cent ownership of the company.

The Group Managing Director of UAC, Fola Aiyesimoju, said, “We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family, and we are eager to work together to build on their strong legacy and market leadership.”

UAC is a holding company focused on domestic manufacturing, marketing, and distribution of leading consumer brands in Africa.

The company operates nine manufacturing facilities and several logistics and distribution hubs across Nigeria, with 5,000 employees.

Incorporated in 1980, Chivita|Hollandia (CHI Limited) was established as a local producer of high-quality food and beverage products for Nigerian consumers.

Chivita|Hollandia champions innovation and supports economic growth through state-of-the-art, ISO 22000-certified manufacturing.

However, UAC had entered into an agreement to acquire CHI Limited from The Coca-Cola Company.

In a statement filed with the Nigerian Exchange Limited then it was revealed that the transaction is still subject to regulatory approval.

Chivita|Hollandia is a food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. They are the owners of the Hollandia and Chivita brands.

Commenting on the transaction, the Group Managing Director of UAC, Fola Aiyesimoju, then said, “As a company with a strong presence in Africa, we are deeply committed to the continent’s growth. We are pleased to announce the acquisition of Chivita|Hollandia (CHI Limited), a leading dairy and juice business in the region.

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    By Aliyu Kurudu

    Finally, yesterday, under unrelenting high-octane pressure and controversy, the embattled, Enugu State-born Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, threw in the towel and resigned his appointment.

    A terse statement by presidential spokesman Bayo Onanuga yesterday evening captured the minister’s formal exit: “President Bola Ahmed Tinubu has accepted the resignation of Geoffrey Uche Nnaji, the Minister of Innovation, Science, and Technology, following some allegations against him.

    “President Tinubu appointed Nnaji in August 2023. He resigned today in a letter thanking the President for allowing him to serve Nigeria. Nnaji said he has been a target of blackmail by political opponents. President Tinubu thanked him for his service and wished him well in future endeavours.”

    It was sadly a pretty unscientific script, acted out amateurishly, ending predictably. The trending narratives were weighty but Chief Nnaji, the former science and technology minister attempted to ride the storm and brazen it out by blaming political opponents. But this was not to be. He finally bit the dust.

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    The university’s position was contained in a Freedom of Information (FOI) request by Premium Times, an online newspaper, which had investigated the B.Sc. and NYSC certificates forgery allegation dogging the Enugu State-born minister for several years.

    It could be recalled that it was also Premium Times that on July 7, 2018, alleged that Kemi Adeosun, Nigeria’s Minister of Finance under the Muhammadu Buhari presidency had illegally obtained her NYSC exemption certificate to get into public office. Kemi Adeosun was appointed minister in November 2015. Following the untidy ensuing scandal Ms. Adeosun resigned her appointment on September 14, 2018.

    In Chief Nnaji’s case, UNN’s letter disowning the Minister of Science and Technology dated October 2, 2025 and signed by the Vice Chancellor of the university, Prof. Simon Ortuanya read: “We refer to your letter dated 29 September 2025 in respect of the above subject matter. We can confirm that Mr. Geoffrey Uchechukwu Nnaji, with Matriculation Number 1981/30725, was admitted by the University of Nigeria, Nsukka in 1981.

    “From every available record and information from the University of Nigeria, Nsukka, we are unable to confirm that Mr. Geoffrey Uchechukwu Nnaji, the current Minister of Science and Technology, graduated from the University of Nigeria in July 1985, as there are no records of his completion of study in the University of Nigeria, Nsukka.

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    “That fact is not in doubt. It is documented in the University’s own records, acknowledged in its official correspondence, and reflected in its 1985 Convocation Brochure, which remains part of UNN’s permanent archives.

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    The resignation of Chief Nnaji yesterday raises critical questions about the rigorousness of the vetting process for presidential ministerial picks and other appointees. In this case, the senate, the DSS and the presidency itself stand indicted.

    Perhaps for many other Tinubu appointees, this is indeed a nervy period.

    ​  

    By Aliyu Kurudu Finally, yesterday, under unrelenting high-octane pressure and controversy, the embattled, Enugu State-born Minister of Innovation, Science and Technology, Chief Uche Geoffrey Nnaji, threw in the towel and

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