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
Pastor Ogbueli’s Abuja Night of Glory Holds Today
By Blaise Udunze
Momentum is gathering for the Abuja Night of Glory taking place today, Friday, December 5, 2025, at the main bowl of the Moshood Abiola National Stadium.
The crusade is being hosted by Dominion City Church headed by Pastor David Ogbueli and it starts by 7pm.
The all-night programme will feature dynamic worship leaders like Nathanial Bassey, Dunsin Oyekan, Theophilus Sunday, Chioma Jesus, Kaestrings, Sunmisola Agbebi Okeleye, Minister GUC, Ebuka Songs, Anthony Kani, and DC Angels.
Reputed as a teacher of righteousness and anointed minister of the gospel, evidenced by the miracles that have trailed his ministry, and one who champions the cause of the poor through empowerment initiatives, Dr. David Ogbueli will be joined by renowned ministers from within and outside Nigeria, including Evangelist Andres Bisonni, Dr. Charles Ndifon, Evangelist Dan Scott, Apostle Ikechukwu Nnajiofor, and several others.
Night of Glory has, in previous editions held across Nigeria’s cities, recorded remarkable results, such as immediate healings and freedom from chronic ailments, recovery of vision and movement after many years of paralysis, along with liberation from dependencies and emotional distress. Numerous participants have also shared testimonies of breakthroughs and big personal changes after the experience. Organisers state that this year’s event, in Abuja, is anticipated to exceed previous editions.
The event is intended for all individuals trusting God for divine intervention in any area of life.
Understanding the role of faith in the destiny of individuals and nations, a dedicated prayer session for Nigeria will take place during the crusade to tackle some of the current challenges being faced in the country and also to uplift he leaders and institutions before God.
Attendance is free, and registration is encouraged via the QR codes on event banners. Organisers expect a massive turnout as worshippers travel from across the country for what is anticipated to be a transformative encounter.
Adequate security and free transportation have been put in place ALL over the city of Abuja, while those outside Abuja are expected to join online.
General
Rivers Speaker, 15 Other Lawmakers Leave PDP for APC
By Modupe Gbadeyanka
The Speaker of the Rivers State House of Assembly, Mr Martin Amaewhule, has defected to the All Progressives Congress (APC).
At the plenary on Friday, Mr Amaewhule joined the ruling party from the opposition Peoples Democratic Party (PDP), along with 15 other members of the state parliament.
This development comes some months after they had earlier declared their support for the APC in the wake of a crisis with the state governor, Mr Sim Fubura.
The lawmakers had an issue with Mr Fubura, which led to a state of emergency declared on the oil-rich state by President Bola Tinubu in March 2025.
This embargo was only lift in September 2025 after the duration of the six-month emergency rule in the state.
A few days ago, members of the Rivers Assembly passed a vote of confidence on President Tinubu, backing him to remain in office till 2031, when he would have spent eight years in office if re-elected in 2027.
Announcing their defection today, the lawmakers pinned their decision on the crisis rocking the PDP at the national level.
It is not certain if their political godfather, Mr Nyesom Wike, who is the current Minister of the Federal Capital Territory (FCT), will join them in APC.
Mr Wike, who governed Rivers State from 2015 to 2023, has been accused of instigating the crisis in the opposition PDP. He was expelled from the party last month at a national convention held in Ibadan, Oyo State.
General
Nigeria Risks Brain Drain in Energy Sector—PENGASSAN
By Adedapo Adesanya
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria risks massive brain drain in the oil and gas sector due to poor remuneration.
The president of PENGASSAN, Mr Festus Osifo, said at the end of the National Executive Council (NEC) meeting of the union on Thursday in Abuja that the industry was facing challenges arising from Naira devaluation and inflation, noting that, oil and gas skills remained globally competitive.
Painting an example, he said, “A drilling engineer in Nigeria does the same job as one in the US or Abu Dhabi,” noting that the union must take steps to bridge the wage gap to prevent members from leaving the country for better opportunities abroad.
“If we don’t act, the brain drain seen in other sectors will be child’s play,” he said.
According to him, PENGASSAN has recorded significant gains through collective bargaining across oil and gas branches.
“We signed numerous agreements across government agencies, IOCs, service and marketing sectors,” he said.
He said the agreements brought relief to members facing rising costs of living, adding that, the association’s duty is to protect members’ jobs and enhance their pay.
Mr Osifo urged companies delaying salary reviews and those foot-dragging as a result of the prevailing economic realities, to do the needful.
He said the industry employed some of the nation’s best talents, making competitive pay critical to retaining skilled workers.
“This industry recruits the best. Companies must provide the best conditions,” he said.
On insecurity, Mr Osifo urged government to take decisive action against terrorism and kidnappings across the country.
“We are tired of condemnations. government must expose sponsors and protect citizens,” he said.
He urged government at all levels to prioritise tackling insecurity through better funding and equipment for security agencies.
Mr Osifo said PENGASSAN supported calls for state police to improve local security response, adding that decentralising policing will protect citizens better than rhetoric.
He also said economic indicators meant little, if food prices remained high and farmers could not return to farms due to insecurity.
“Nigerians want to see food on the table, not macroeconomic figures,” he said, urging the government to coordinate fiscal and monetary policies to ensure economic gains reach households.
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