General
British Prosecutors Accuse Diezani Alison-Madueke of Bribes for Contracts
By Adedapo Adesanya
British prosecutors alleged that former Nigerian oil minister, Mrs Diezani Alison-Madueke, took bribes, including luxury goods and high-end properties from industry figures interested in lucrative oil and gas contracts as her corruption trial began on Tuesday in London.
Proceedings in the alleged corruption trial of Mrs Alison-Madueke were stalled on Monday at the Crown Court in Southwark due to technical difficulties.
The 65 year old was Nigeria’s Minister of Petroleum Resources between 2010 and 2015 under then-president Goodluck Jonathan and was also briefly president of the Organization of the Petroleum Exporting Countries (OPEC), the first woman to hold either role.
Her tenure, however, has been dogged by multiple allegations of corruption, both locally and internationally, since she left office in 2015.
She was first arrested by British authorities in London in October 2015 as part of a major corruption investigation.
Since that arrest, Mrs Alison-Madueke has remained on bail while investigations continued, with the case drawing sustained attention due to its scale and the seniority of the individuals involved.
In 2023, the United Kingdom’s National Crime Agency (NCA) formally charged the Bayelsa State-born oil expert, accusing her of accepting bribes over a four-year period between 2011 and 2015. She was charged with five counts of accepting bribes and a charge of conspiracy to commit bribery, which she denies.
At the proceeding, Mrs Alison-Madueke sat in the dock alongside oil industry executive Mrs Olatimbo Ayinde, 54, who is charged with one count of bribery relating to Alison-Madueke and a separate count of bribery of a foreign public official. Her brother, former archbishop Doye Agama, is charged with conspiracy to commit bribery and is listening to the trial by video link for medical reasons.
Prosecutor Alexandra Healy told jurors at London’s Southwark Crown Court that Mrs Alison-Madueke “enjoyed a life of luxury in London”, where she often stayed.
The prosecutor also said this was provided by those interested in being awarded or retaining contracts with Nigerian state-owned companies, including the Nigerian National Petroleum Company (NNPC) Limited, then a corporation.
Ms Healy said Mrs Alison-Madueke was given the use of high-end properties and vast quantities of luxury goods by people who “clearly believed she would use her influence to favour them”.
She added that there was no evidence that the accused awarded contracts to someone who should not have had one, adding that given Mrs Alison-Madueke’s role “she should not have accepted benefits from those who were no doubt doing extremely lucrative business in oil and gas with government-owned entities.”
Other benefits named include the use of a chauffeur-driven car and a private jet, as well as expensive goods including some paid for in one extravagant 2013 shopping trip to Harrods, a renowned luxury department store located in London.
She is also alleged to have had her son’s school fees paid by Nigerian businessman Benedict Peters, who is named on the indictment but is not facing trial.
Her accomplice Mrs Ayinde is charged with bribing the defendant between 2012 and 2014 and also bribing the then-managing director of NNPC, Mr Emmanuel Ibe Kachikwu, who is also not on trial, in 2015.
Ms Healy said that, after President Jonathan was replaced by Muhammadu Buhari in 2015, Mrs Ayinde paid a “substantial bribe” to Mr Kachikwu to ensure her friend continued to work in the NNPC.
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief 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.
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