Tuesday 25 November 2014

FRAUDULENT ACTIVITIES OF STAFF MAKE COCACOLA GOES BANKRUPT

Nigerian business and economic atmosphere is perceived in Africa as one of the biggest and more business-friendly environment. However, it is surprising that the country prided as the giant of Africa is currently enmeshed in the gradual downfall of many once upon a time big companies. Some of the more seemingly successful companies are gradually going down the drain with the likes of Dunlop, Cocoa Industries and many others finding their ways out.
Well, the hot gist here is that one company which has established itself in Nigeria for decades and is still rated to be strong, Coca Cola, may not be as strong as people may think. Information reaching our desk has it that the management of the company, having discovered that there had been some discrepancies in the auditing of the sales department, which is one of the most important segments of the company decided to subsidize the arm to a private company named Oritsetimeyin Logistics.

This company, according to reports, has been struggling to put the record straight as far as the sales of the company’s products are concerned. We also have it on good authority that the Nigerna Bottling Company, manufacturers of Coca Cola are still planning to subsidize some other departments to more private companies for better performances.

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