Novac was founded in Basel, Switzerland in 1977, and Nigeria’s branch on 1st June 1978. And the man who has weathered the 40 years of Novac Ltd is Marcel Grossenbacher who came to the country from Switzerland by “pure coincidence” as an employee in 1976 but in 2002 became the CEO of the company after the retirement of the former CEO on 31st December 2001.

In our new column, COMPANY PROFILE, we feature Mr. Grossenbacher and Novac who while responding to a question of corruption in Africa said: “We have actually never experienced any form of corruption since we came to Africa forty years ago. We assume it depends much on the business sector one is active in.”