General
Corporate Governance Society Inducts Polaris Bank Chairman
By Dipo Olowookere
Chairman of Board of Directors of Polaris Bank Limited, Mr Muhammad Ahmad, has been inducted as an honorary fell of the Society for Corporate Governance Nigeria (SCGN).
Mr Ahmad was honoured in recognition of his unblemished professional records in the public and private sectors as well as positive contributions to the socio-economic development of Nigeria, the body said.
During the 2018 President’s Dinner/Induction Ceremony of SCGN held in Lagos recently, the Polaris Bank chairman was described as an astute professional with impressive footprints across various public-sector organisations and financial services institutions where he played strategic roles and acted as the catalyst for the entrenchment of good corporate governance.
Speaking at the ceremony, President of SCGN, Mr Pascal Dozie, said the conferment of the honorary fellowship on Mr Ahmad and three other recipients was in line with the key objective of the body.
“The Society is a registered, not for profit organisation and is committed to the development of corporate governance and best practices. Leadership, accountability, collaboration, diversity and quality, integrity of character remain the pillar of this organisation. Since its inception 13 years ago, the Society has contributed to the development of good corporate governance in this country. The society prides itself in research work some of which have been published in the journal of corporate governance”, he said.
Responding on behalf of the other fellows, Chairman of Polaris Bank expressed delight at the recognition and said they would continue to remain the ambassadors of professional excellence.
“For every society, there are professional standards. And professional standards worldwide are more onerous. Therefore, for us, we are taking additional responsibility. Having been made fellows, what it means is that we should be consistent; we should ensure that whatever the Society for Corporate Governance Nigeria stands for, we should stand for as well”, he affirmed.
Commenting, Group Managing Director/CEO of Polaris Bank, Mr Tokunbo Abiru, said the award was a celebration of the exemplary leadership capabilities of the Polaris Bank’s Chairman.
“On behalf of the management and staff of Polaris Bank, I congratulate our amiable chairman on this well-deserved honour and recognition by the highly respected Society for Corporate Governance Nigeria. Under Ahmad’s leadership, we see a rewarding, bright future for our bank”, he said.
A man of many great accomplishments, Ahmad boasts about 35 years distinguished professional experience leading and working in various public-sector organisations and financial services institutions in Nigeria.
Amongst others, he was the pioneer Director General/Chief Executive Officer of the National Pension Commission, and also a pioneer staff of the Nigeria Deposit Insurance Corporation (NDIC), where he rose through the ranks to become the Managing Director.
He has served on the boards of various corporate and not-for-profit organisations including a Non-Executive Director of FBN Holdings Plc until 2017. He has also served on various presidential committees including a member of the Presidential Committee for the North East Intervention (PCNI).
Mr Ahmad holds a Masters Diploma in Innovation and Strategy from the University of Oxford and has also attended courses and programmes in various first-rate business and management schools, including Harvard Business School, IMD and INSEAD. Ahmad is a recipient of the Nigeria national honour – Officer of the Order of the Niger (OON).
General
Nigerian Bottling Company Bridges Education, Employability Gap
By Modupe Gbadeyanka
The Nigerian Bottling Company (NBC) has reaffirmed its determination to bridge the gap between education and employability in the country by sustaining its flagship Youth Empowered (YE) programme.
This initiative provides hands-on learning, real-world insights, and access to career-shaping opportunities to young Nigerians.
The 2026 edition of the scheme commenced on February 2 at the University of Lagos (UNILAG), with participants mainly young people between the ages of 16 and 35.
A statement from the organisation said this year’s rollout will expand to more tertiary institutions, including the Federal University of Technology, Akure (FUTA). This follows a successful 2025 tour that reached seven cities across the country, including Makurdi, Jos, Benin, Kaduna, Asaba, Akure, and Port Harcourt.
Participants in the 2026 programme will receive training across key modules designed to support personal, professional, and business growth, including Business Life Skills, Adaptability and Resilience, Financial Literacy, Customer Service and Communication, Sales and Negotiation Skills, and Workplace Ethics.
The sessions will also feature breakout workshops on Business Planning, Project Management, and Time Management, alongside the Director’s Grant Pitch Competition, where participants can pitch their ideas for a chance to win business funding.
In addition to skills development, NBC’s People and Culture team will be present throughout the programme to identify outstanding talent for future opportunities within the organisation, further strengthening the connection between learning, employment, and long-term career growth.
One of the participants at the UNILAG training, Waliat Adedogun, who received a cash grant through the Director’s Grant Pitch Competition to support her small business, said: “Youth Empowered gave me more than training; it gave me clarity and confidence. Winning the grant means I can finally take my business idea from a dream into something real. I now feel prepared to build, grow, and create opportunities not just for myself, but for others too.”
Since its launch in 2017, the scheme has impacted more than 70,000 young Nigerians, equipping participants with practical skills, confidence, and exposure needed to succeed in today’s dynamic workplace and entrepreneurial landscape.
This year’s programme is being delivered in collaboration with Fate Foundation as the implementing partner, with funding support from The Coca-Cola HBC Foundation.
Last year, 10 beneficiaries were selected for six-month paid internships across NBC locations in Lagos, Ibadan, Asejire, and Challawa, gaining direct industry exposure.
Additionally, three outstanding participants received sponsorship for an all-expenses-paid intensive culinary training programme and were awarded N1 million each to support the launch of their businesses.
General
INEC Fixes February 20 for 2027 Presidential, NASS Elections
By Modupe Gbadeyanka
The 2027 presidential and National Assembly elections will take place on Saturday, February 20, the Independent National Electoral Commission (INEC) has revealed.
In a notice for the 2027 general polls issued on Friday, the electoral umpire also disclosed that the governorship and state assembly elections for next year would be on Saturday, March 6.
Speaking at a news briefing in Abuja today, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year, which is 12 months away.
The timetable issued by the organisation for the polls comes when the federal parliament has yet to transmit the amended electoral bill to President Bola Tinubu for assent.
This week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.
Recall that on February 4, INEC said it was ready to go ahead with preparations for the elections despite the delay in the passage of the amended electoral law of 2022.
General
NGIC Pipeline Network to Experience 4-Day Gas Supply Shortage
By Modupe Gbadeyanka
The pipeline network of the NNPC Gas Infrastructure Company Limited (NGIC) will witness a temporary reduction in gas supply for four days.
This information was revealed by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Andy Odeh, in a statement on Thursday night.
A key supplier of gas into the NGIC pipeline network is Seplat Energy Plc, a joint venture partner of the state-owned oil agency.
It was disclosed that the facility would undergo routine maintenance from Thursday. February 12 to Sunday, February 15, 2026.
The NNPC stated that, “This planned activity forms part of standard industry safety and asset integrity protocols designed to ensure the continued reliability, efficiency, and safe operation of critical gas infrastructure.”
“Periodic maintenance of this nature is essential to sustain optimal system performance, strengthen operational resilience, and minimise the risk of unplanned outages,” it added.
“During the four-day maintenance period, there will be a temporary reduction in gas supply into the NGIC pipeline network. As a result, some power generation companies reliant on this supply may experience reduced gas availability, which could modestly impact electricity generation levels within the timeframe.
“NNPC Ltd and Seplat Energy are working closely to ensure that the maintenance is executed safely and completed as scheduled. In parallel, NNPC Gas Marketing Limited (NGML) is engaging alternative gas suppliers to mitigate anticipated supply gaps and maintain stability across the network,” the statement further said.
“Upon completion of the maintenance exercise, full gas supply into the NGIC system is expected to resume promptly, enabling affected power generation companies to return to normal operations,” it concluded.
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