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Acting SEC DG Advises Women to Break Stereotypes

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SEC International Women's Day

By Modupe Gbadeyanka

Acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has urged women to continue to break stereotypes that impede their progress in the socio-political set up of the country in a bid to make meaningful impact.

Speaking in commemoration of the 2020 International Women’s Day in Abuja, Monday, the capital market guru said, “Women must be ready to challenge stereotypes. We must remove barriers that stand in the way of the progress of women and consciously take giant strides towards the emancipation of women.”

She stated further that, “When we stand together, we can achieve anything and any obstacle can be pulled down. We must support women for emerging opportunities whenever they arise and mentor them. Supporting one another is a duty we owe and must carry out every time for women to move on.”

Ms Uduk enjoined all whether women or men, sisters or brothers to consciously take giant strides towards the emancipation of women in all spheres of life as the rise of a woman is never the fall of men.

According to her, “Those of us who are older women should consciously look down and mentor our sisters, our upcoming sisters, our children so that as they grow up, we are not in competition with each other, it is always our happiness to see that those that we mentor surpass us, they do better than us, just like we like our children to do better than us.”

“Therefore, I charge all of us in this room, to please look down at all times and pull up your younger sisters, your children and bring them up to speed in the way you would like your own children to be.

“If you are not a woman, you have a daughter, or married or a girl child, therefore it is for everyone. It then provides an opportunity for us to reinforce the fact that everyone, both women and men have a role to play in building and sustaining a more gender balanced world,” she noted.

Ms Uduk said International Women’s Day is for celebrating the achievements of women and on calling for gender parity, as historically the role of Nigerian women has differed depending on religious and geo graphic factors.

“Women’s role was primarily understood as mothers, sisters, daughters and wives. These have gradually changed   through the ages with the presence of women in almost every sector in Nigeria.

“Our women can be found in Medicine, Law, Engineering, Architecture, Building, Technology, Accounting, Teaching, International Relations, Aero-nautical Engineering and in Capital Market related professions,” she said.

“Regarding gender bias there is much improvement in how women are perceived and treated in Nigeria these days.

“However, there is still much work to be done, women are still being marginalized in politics, discriminated against sexually harassed in the work place. These days it has become evident that there is no such thing as bottom power.

“What you have are very hard working women that God has raised and they do well and everybody knows that it is not because of any man’s influence but because they do that in their own right as hard working women,” Ms Uduk added.

In her remarks, Leadership and Management Consultant, Dr Karmell Andzenge, said as the world celebrates the woman, the men are also celebrating themselves as without the men the women cannot be and vice versa.

Ms Andzenge said equality is a respecting point where the women respect the men and the men also respect the women and therefore urged men to support women beginning from the homes.

She, however, lamented that women are still not treated equally in some instances adding that some cultural and harmful traditional practices have to be done away with.

The International Women’s Day is celebrated around the world on March 08 and the day is focused on celebrating the social, economic, cultural and political achievements of women and for highlighting challenges that women face in the different phase of life and we all know that, women face a lot of issues in life.

This year’s celebration marks a call to action for celebrating women’s equality.

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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FCCPC Unseals Ikeja Electric Headquarters

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Ikeja Electric

By Adedapo Adesanya

The Federal Competition and Consumer Protection Commission (FCCPC) has unsealed the headquarters of Ikeja Electric Plc in the Lagos State capital after a week under lock and key.

According to a statement on Friday, the electricity distribution company committed to a binding undertaking to comply with the remedial process following consumer rights violations.

The statement signed by Mr Ondaje Ijagwu, Director of Corporate Affairs at the commission, Ikeja Electric undertook to resolve all consumer complaints referred to it by the FCCPC within agreed timelines

The headquarters was earlier sealed on December 11, 2025, because Ikeja Electric allegedly failed to comply with a directive by the Nigerian Electricity Regulatory Commission (NERC) to unbundle a Maximum Demand account into 20 individual accounts for a customer who had been without power for over two and half years.

The FCCPC noted that following the resolution, any breach of the undertaking would expose it to renewed and escalated enforcement action under the Federal Competition and Consumer Protection Act.

Reacting, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr Tunji Bello, said the Commission’s intervention was necessary to enforce the provisions of the FCCPA (2018).

“Our responsibility is to ensure that consumers are treated fairly and that service providers comply with lawful decisions and directives. Enforcement is not an end in itself. Where compliance is achieved and credible commitments are made, the Commission will respond appropriately,” he said.

Clarifying further, Mr Bello said the outcome reflects the commission’s balanced approach to regulation.

“We intervene decisively where consumer harm persists, and we de-escalate where enforceable compliance is secured. What remains constant is our duty to protect consumers and uphold regulatory accountability,” he said.

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All On’s Clean Energy Access Transforms Over One Million Lives

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All On

By Modupe Gbadeyanka

The decision by a leading impact investment company focused on expanding clean energy access, All On, to support over 50 clean energy businesses and provide grants and technical assistance to more than 80 enterprises in Nigeria is already yielding positive results.

This is because the organisation’s Impact Evaluation Report indicated that more than one million lives have been transformed through clean energy access.

The report covered from 2018 t0 2024 and it was discovered that the interventions of All On enabled the connection of over 230,000 households, businesses, and public facilities to reliable energy solutions, while strengthening the operational capacity of energy providers and improving affordability and service reliability for end users.

Prior to the commencement of All On’s operations in 2016, nearly half of Nigeria’s population lacked access to electricity, and the sector faced an estimated 92 per cent annual funding gap.

In response, the group adopted a bold, risk-tolerant strategy—deploying catalytic capital, innovative financing instruments, and ecosystem-building initiatives to unlock private sector participation and drive progress toward universal energy access.

Central to these achievements is All On’s holistic support model, which combines rigorous, tailored due diligence, deep sector expertise, and active ecosystem engagement.

This approach has positioned All On as a trusted partner capable of delivering both commercial viability and systemic impact.

Flagship initiatives such as the Demand Aggregation for Renewable Technology (DART) programme have further amplified results by reducing procurement costs for supported businesses by up to 50 per cent, enabling developers to scale faster and pass cost savings on to consumers due to access to reliable, affordable, and sustainable energy solutions.

In the report, it was revealed that half of supported households reported improved air quality, enhanced safety, and reduced noise pollution, contributing to better health outcomes and improved quality of life, alongside measurable environmental benefits.

“This report confirms that our approach is delivering real results. By combining patient capital, technical assistance, and ecosystem support, we are enabling scalable and sustainable energy solutions for Nigeria’s unserved and underserved communities,” the chief executive of All On, Ms Caroline Eboumbou.

The company plans plans to scale proven models, strengthen local capacity, and expand its reach—particularly in underserved regions such as the Niger Delta.

“While the progress to date is encouraging, our work is far from done. As we look toward 2030, we remain committed to deepening our impact and creating even more meaningful connections across Nigeria,” Ms Eboumbou added.

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SERAP in Court to Further Extension of Moratorium on Sachet Alcohol Ban

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Sachet Alcohol Ban SERAP

By Modupe Gbadeyanka

A Federal High Court in Lagos has been urged to stop the federal government from further extending the moratorium on the ban on sachet alcohol in the country.

This request came from the Socio-Economic Rights and Accountability Project (SERAP), which asked the court for injunctive orders restraining the Federal Ministry of Health and Social Welfare and the Attorney-General of the Federation who represents the Federal Government, including the Office of the Secretary to the Government of the Federation (SGF), from further extending the deadline and interfering with the statutory powers of the National Agency for Food and Drug Administration and Control (NAFDAC) to enforce the ban.

The federal government intends to prohibit the production, distribution, and sale of alcohol in sachet format but manufacturers are lobbying to alter this.

A few days ago, the federal government suspended the policy due to concerns raised by the House of Representatives Committee on Food and Drugs Administration and Control.

This action was applauded by the Nigeria Employers’ Consultative Association (NECA), which noted that the sachet and PET segment of the alcoholic beverage industry accounts for a significant portion of the estimated N800 billion invested in the sector and supports thousands of direct and indirect jobs in manufacturing, packaging, logistics, wholesale and retail.

But SERAP seems not to be impressed with this as it, in a suit marked FHC/L/CS/2568/25, prayed for a perpetual injunction restraining the government from directing, preventing, blocking, or stopping NAFDAC from enforcing the prohibition, in line with its statutory functions under Sections 5 and 30(c) of the NAFDAC Act, the Spirits Drink Regulation, and the Memorandum of Resolution executed on December 19, 2018.

The civil rights group argues that the continued delay by the relevant federal authorities in enforcing the ban amounts to a failure to implement long-standing public health regulations designed to curb alcohol abuse, protect public safety, and safeguard citizens’ well-being.

In an originating summons dated December 15, 2025, SERAP contends that the ongoing circulation of sachet alcohol violates the National Health Act, 2014, the NAFDAC Act, the Spirits Drink Regulation, 2021, and the Memorandum of Resolution of December 19, 2018, which collectively mandate a nationwide ban on sachet alcohol.

The organisation wants the court to determine whether the Minister of Health can lawfully refuse or fail to enforce the prohibition, and whether any federal authority has the power to interfere with or delay NAFDAC’s statutory duty to enforce the ban.

It also wants the court to decide whether, given the acknowledged dangers of alcohol abuse, judicial intervention is required in the interest of public health, public safety, and public order.

According to SERAP, sachet alcohol, often cheap, highly potent, and widely accessible, has been linked to rising cases of alcohol abuse, particularly among young people and low-income communities. It argues that the 2018 Memorandum of Resolution and subsequent regulations were adopted precisely to address these risks.

Among the reliefs sought are declarations that the sachet alcohol ban is a valid regulation under the NAFDAC Act; that the Minister of Health has no legal authority to grant or extend any moratorium on its enforcement; and that it is unlawful for any federal authority to interfere with NAFDAC’s enforcement responsibilities.

SERAP is also asking the court, in the suit filed on its behalf by Mofesomo Tayo-Oyetibo (SAN), alongside a team of lawyers from Tayo Oyetibo LP, to affirm that the defendants have a duty to ensure the full implementation of the ban nationwide.

The court is expected to fix a hearing date in a few days time.

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