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Ikeja Electric Says Customers Crucial to Achievement of Goals

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Ikeja Electric

By Modupe Gbadeyanka

Chairman of Ikeja Electric, Mr Kola Adesina, has explained the critical role customers play in achieving some of the goals set by the energy firm.

Mr Adesina, while commenting on the 2018 Sustainability Report of the company titled Committed to Excellence – Half a Decade of Bringing Energy to Life, stated that, “Our customers and other stakeholders are crucial to the achievement of our goals; and we believe that a business can only be deemed strong and successful when its stakeholders are satisfied with the services provided.”

Speaking further, he said in view of this, “The board will continue to support initiatives that promote its sustainability agenda while creating value in the coming years.”

Business Post reports that the 2018 Sustainability Report reflects IE’s performance, accomplishments, challenges, passion for its business and its growth opportunities in the year under review.

Being the first and only electricity distribution company in Nigeria to produce a sustainability report, the publication covers the firm’s sustainability journey post-takeover with the inherent accomplishments including rebranding, infrastructure investments, smart technology investment, business process investment and performance improvement among other successes attained from the takeover period up to December 2018.

The 2018 Sustainability Report is the fourth report published by IE in successive order, and commemorates five years of the takeover of the company’s operation by its core investors following privatization on November 1, 2013.

“The scope of IE’s sustainability reports has moved beyond merely communicating financial risks to performance reporting aimed at fostering stakeholder confidence, long-term risk management, building the Company’s reputation and refining its corporate vision and strategy.

“Through the yearly publication of sustainability reports, IE has demonstrated its commitment to accountability, responsibility and transparency, which have unarguably, distinguished the Company in the Nigerian Electricity Supply Industry (NESI),” Mr Adesina said.

“Since we took over in November 2013, we have put in place, strategies that will steer the electricity distribution arm of the electricity sector value chain to greater heights,” he added.

“We have assembled a strong leadership team with extensive experience, robust industry and consumer knowledge, focused on innovation and growth. In addition, we have reinvigorated our legacy of sustainability with the introduction of customer-centric initiatives, which are geared towards assuring all stakeholders of a business built on accountability, responsibility, transparency and fairness.

“We have demonstrated that with the right leadership, the Company can continue to grow and improve its performance as expected by all stakeholders,” the Chairman further said.

“We do not report data because it is popular, or because others do so. We track our sustainability performance because it helps us make better decisions, helps to de-risk projects, discover new opportunities and deliver real value for our business.

“We acknowledge that there is still work to be done and we will continue to do all we can to ensure we maintain our brand promise – bringing energy to life,” he noted.

Ikeja Electric said it aims to publish its Sustainability Reports on an annual basis and the intended audience for this report are key stakeholders, which include customers, employees, shareholders, suppliers, government and regulatory bodies. These stakeholders directly impact and are also directly impacted by the activities of the company.

The report, which is developed by the organisation’s Governance & Compliance Office, highlights that in 2018, the Sustainable Development Goals (SDGs) aided the company in securing its social license to operate and build the trust of its stakeholder groups.

Businesses cannot succeed in societies that fail, and as such, the company invested in the achievement of SDGs such as; ensuring healthy lives and promoting wellbeing for all at all ages; ensuring inclusive and equitable quality education; promoting lifelong learning opportunities for all; achieving gender equality and empowering women and girls.

The company also contributed to the achievement of the SDGs by providing access to affordable, reliable, sustainable and modern energy for all; building resilient infrastructure, promoting inclusive and sustainable industrialization; fostering innovation and promoting peaceful and inclusive societies for sustainable development.

Other contributions include provision of access to justice for all; building effective, accountable and inclusive institutions at all levels; strengthening the means of implementation and revitalizing the global partnership for sustainable development.

Ikeja Electric reported that within the period under review, it established better technology-driven processes, leveraged data to measure performance for a more consistent growth pattern, optimised its network to drive efficiency and enhanced its security management system.

It also deepened its Quality Health, Safety and Environment (QHSE) processes and procedures through learning and development programs such as Target Zero and QHSE at a glance which impacted positively on employees, vendors and contractors.

Over the years, the company has strengthened its stakeholder engagement and partnership to foster better relationships and maintain a social license to operate, whilst building a committed workforce by treating its employees fairly through reward and recognition initiatives put in place to incentivize the excellent performance of employees.

The 2018 Sustainability Report was organised and presented in accordance with the Sustainability Reporting Standards of the Global Reporting Initiative (GRI). The GRI Standards seek to achieve consistency amongst organizations reporting on their sustainability activities.

Full access to Ikeja Electric’s 2018 Sustainability Report is available on https://www.ikejaelectric.com/corporate-governance/ or https://bit.ly/2SDQbK6

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Senate Voids SPAC Arrest Warrant Against Ex-NNPC Boss Mele Kyari

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By Adedapo Adesanya

The Senate has nullified a warrant of arrest purportedly issued by the Senate Public Accounts Committee (SPAC) against the former chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari.

The motion, sponsored by the Senate Leader, Mr Opeyemi Bamidele, also formally dissociated the Senate from comments attributed to Senator Adams Oshiomhole, who reportedly described the state oil company as “a bunch of criminals and thieves” during a Public Accounts Committee hearing earlier on Wednesday.

The Senate emphasised that legislative oversight must be conducted within the framework of the Constitution, due process, and the principles of fair hearing.

Presenting the motion, Mr Bamidele argued that while Sections 88 and 89 of the Constitution grant investigative and oversight powers to the National Assembly, the authority to issue warrants compelling the attendance of witnesses is clearly vested in the presiding officer of the legislative chamber.

According to him, Sections 4, 5 and 6 of the Legislative Houses (Powers and Privileges) Act confer the power to issue warrants exclusively on the President of the Senate in matters relating to Senate proceedings and committees.

Mr Bamidele warned that any attempt by a Senate committee to independently issue or execute a warrant of arrest without authorisation from the Senate President could amount to an unlawful exercise of power.

“The power to issue a warrant affecting the liberty of a citizen is an extraordinary statutory power which must be exercised strictly in accordance with the procedure prescribed by law,” the lawmaker noted.

He further maintained that legislative investigations are not substitutes for criminal prosecution and that neither individuals nor institutions should be presumed guilty before the conclusion of investigations or judicial determination.

“The constitutional doctrine of fair hearing and the presumption of innocence require that no person or institution be adjudged guilty except by a court of competent jurisdiction after due process of law.”

A major aspect of the motion focused on personal remarks attributed to Mr Oshiomhole during deliberations of the Public Accounts Committee.

Mr Bamidele argued that describing NNPC as “a bunch of criminals and thieves” was capable of conveying a conclusion of criminal culpability before the completion of any lawful investigation, warning that such statements could be interpreted by the public as the official position of the Senate and undermine confidence in the impartiality of ongoing oversight proceedings.

“Such statements, if left unclarified, may be misconstrued by the public as representing the official position of the Senate and may undermine confidence in the impartiality and objectivity of ongoing legislative oversight proceedings.”

The Senate subsequently adopted a resolution formally dissociating itself from the comments and clarifying that they do not represent the findings, opinion, resolution or official position of the upper chamber.

Deputy Senate President, Mr Barau Jibrin, strongly backed the motion, describing it as part of the constitutional responsibilities of the Senate Leader.

Reading from Senate rules and constitutional provisions, Mr Barau stressed that committees are subordinate organs of the Senate and may only make recommendations rather than independently exercise powers reserved for the chamber.

“The committee overstepped its bounds, and he has done the right thing by drawing attention to it.”

He maintained that the Senate must always operate in accordance with both its rules and the Constitution.

“We need to do things in line with our rules and with the law of the land.”

For his part, Senator Mohammed Tahir Monguno described the motion as a necessary intervention to preserve the credibility of the legislature.

According to him, it would be contradictory for lawmakers to make laws for national governance while simultaneously violating those same laws.

“The Senate, being the highest law-making body of the country, should not only be above board but should be seen manifestly to be above board.”

He characterised the motion as both a wake-up call and a reminder for committees to strictly comply with constitutional provisions and Senate rules.

Senator Abba Moro emphasised the importance of maintaining decorum and avoiding statements capable of damaging reputations.

“We should not make statements that seek to impugn the character of public officers or individuals in society.”

Mr Moro cautioned that Nigerians closely monitor Senate proceedings and warned that inappropriate conduct could undermine public trust in the institution.

On his part, Senator Adamu Aliero was among the strongest critics of Oshiomhole’s comments, describing the statement as “reckless” and arguing that it could damage Nigeria’s investment image internationally.

“The NNPC is the cash cow of this country. Such reckless statements send wrong signals to outsiders and can jeopardise foreign direct investment.”

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Customs to Curb Vegetable Oil Smuggling to Protect Local Investments

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vegetable oil from Kenya

By Adedapo Adesanya

The Nigeria Customs Service (NCS) has signalled intensified efforts to combat the smuggling of vegetable oil into the country, with the launch of special operations aimed at protecting local investments, preserving jobs, and supporting the growth of the agricultural value chain.

The Comptroller-General of Customs (CGC), Mr Adewale Adeniyi, disclosed this during a meeting with stakeholders in the vegetable oil industry at the Service Headquarters in Maitama, Abuja, according to a statement issued by the service on Wednesday.

Mr Adeniyi said his organisation remains committed to tackling smuggling through strategic enforcement, intelligence gathering, and stakeholder collaboration, noting that customs and operators in the vegetable oil sector share a common objective of protecting legitimate businesses, encouraging investment, and strengthening the national economy.

He explained that addressing smuggling requires sustained cooperation between government agencies and the private sector, particularly in sectors that contribute significantly to employment generation and economic development.

Mr Adeniyi also called on stakeholders to support enforcement efforts by providing credible intelligence on smuggling routes and illicit trade activities.

Also speaking, the Deputy Comptroller-General in charge of Enforcement, Inspection and Investigation, Mr Timi Bomodi, highlighted the Service’s achievements in curbing the illegal importation of vegetable oil products.

Mr Bomodi disclosed that Customs recorded several seizures across key border corridors and assured stakeholders that surveillance would be intensified in vulnerable locations.

“We recorded about 65 seizures of vegetable oil products in 2025 and another 23 seizures in 2026, with a combined Duty Paid Value of approximately N1.314 billion,” he said, noting that many of the seizures were made along major smuggling corridors, including Seme and Idiroko, adding that surveillance would also be strengthened in other identified vulnerable locations.

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Airtel Africa Foundation Interventions Gulp $6.2m in One Year

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airtel africa foundation

By Aduragbemi Omiyale

About $6.2 million was spent by Airtel Africa Foundation to execute some of its interventions in its first full year, with education receiving the largest share of investment.

In a report made available to Business Post on Thursday, the organisation said the funds were used across its four strategic pillars of Financial Inclusion, Education, Environmental Sustainability and Digital Inclusion (FEED).

The foundation said it aims to scale proven interventions in the year ahead, including expanding its School Adoption Programme to over 80 schools, increasing scholarships to more than 600 youth, providing free internet connectivity to an additional 2000 schools, and extending digital skills and financial inclusion initiatives to underserved communities.

In the period under review, a total of 1,028 schools were connected to the internet through its partnership with UNICEF, bringing the total to 3,296 schools connected across 13 countries, reaching over 2 million learners and nearly 39,000 teachers. In addition, 64 zero-rated digital platforms enabled over 11 million learners to access free educational content.

Further, it improved the condition of public schools, with seven fully renovated and 43 undergoing upgrades under the School Adoption Programme that integrates infrastructure improvements with digital access and holistic student development.

Through the Airtel Africa Tech Fellowship, 257 full university scholarships were awarded in Malawi, Nigeria, Tanzania, the Democratic Republic of Congo, and Uganda, expanding access to STEM (Science, Technology, Engineering and Mathematics) education and building a pipeline of high-potential African technology leaders. In addition to this, 30,530 youth and women were trained through digital skills initiatives delivered with national, multilateral, and private-sector partners.

“The Airtel Africa Foundation was established to help dismantle barriers caused by unequal access to opportunity. While talent and ambition are abundant, access to education, digital tools and economic participation remains uneven. Through partnerships and our continental reach, we are committed to investing in communities furthest from opportunity,” the chairman of Airtel Africa Foundation, Mr Segun Ogunsanya, stated.

“As a Foundation, we are positioned to deliver skills development and lasting change at the individual and household level, while partnering with governments to unlock Africa’s economic transformation,” he added.

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