General
Akeredolu Fumes Over Pipeline Surveillance Contract to Tompolo
By Aduragbemi Omiyale
The Governor of Ondo State, Mr Rotimi Akeredolu, has expressed shock over the award of a contract for the surveillance of oil pipelines in the Niger Delta region to a former militant leader, Mr Government Oweizide Ekpemupolo, otherwise known as Tompolo.
In a statement on Wednesday, the Governor berated the federal government for choosing to allow a non-state actor to carry heavy arms to protect the pipelines when security outfits established by state governments were not given the clearance to protect the citizens despite the serious need for this.
He questioned the type of advice given to President Muhammadu Buhari by his advisers, saying that the award of the pipeline surveillance contract to Tompolo “leaves a sour taste in the mouth.”
“The news concerning the purported award of pipeline contracts to some individuals and private organisations by the Federal Government has been unsettling. More disquieting is the barely disguised hostility displayed against either the idea or the actual establishment of security outfits by some State Governments to fill the widening gaps in the scope of security coverage noticeable nationally.
“The Federal Government, through the Office of the National Security Adviser, has been consistent in its refusal to accede to the request by some States in the Federation to strengthen the complementary initiatives adopted to protect lives and property. This is done in spite of the knowledge that the very issues which necessitated the creation of these outfits support providing adequate weaponry. All attempts to persuade the Federal Government to look, critically, into the current security architecture have been rebuffed despite the manifest fundamental defects engendered by over-centralisation.
“It is, therefore, shocking to read that the Federal Government has maintained the award of the contract to “protect” the country’s pipeline from vandals to private organisations. This story, if true, leaves a sour taste in the mouth. The NSA will, obviously, not advise the President to approve the award of a contract of such magnitude if the operators have not displayed sufficient capacity to checkmate the criminal activities of equally powerful groups. Consequently, it is safe to conclude that the Federal Government has, impliedly, permitted non-state actors to bear heavy assault weapons while denying the same privilege to the States, the federating units.
“The award of contract to private organisations to protect vandalisation of pipelines raises fundamental questions on the sincerity of the advisers of the Government on security issues. The open and seeming enthusiastic embrace of this oddity, despite the constant and consistent avowal of the readiness by the Security Agencies in particular the Navy to contain the pervasive and deepening crises of breaches and threats to lives and property, attracts the charge of insincerity bordering, deplorably, on dubiety. If the State Governments, which are keenly desirous of protecting their citizens, establish ancillary security outfits and there has been pronounced reluctance, if not outright refusal, to consider permitting them to bear arms for the sole purpose of defence, granting private individuals and or Organisations unfettered access to assault weapons suggests, curiously, deep-seated suspicion and distrust between the Federal Government and the presumed federating units.
“The engagement of private organisations to handle serious security challenges reinforces the belief that the whole defence architecture in the country needs an urgent overhaul. The Federal Government cannot be seen to be playing the Ostrich in this regard,” Mr Akeredolu said.
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
By Adedapo Adesanya
The Executive Director/GCOO of Pathway Holdings Limited, Mrs Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.
International Women’s Day 2026 is marked every March 8, and this year’s theme is Give To Gain.
In a statement shared with Business Post, Mrs Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.
She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.
“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.
Mrs Akanbi-Alade said, “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth’’. She co-founded the following companies:
Pathway Asset Management Limited is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.
Pathway Advisors Limited is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser. Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.
Fundbox Financial Services Limited is a wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans, and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.
Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.
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