General
Experts Advocate Women Empowerment in Leadership
Some experts representing both international and local firms have joined forces to lend a voice to the empowerment of women and gender equality in leadership, especially as regards the workplace.
Chairman of Inclusion@Lloyd’s, who equally doubles as Global Chair of Aon Benfield Reinsurance, Dominic Christian; Executive Director, Navigate Consulting Africa Ltd., Egbe Oyegun-Adeoye; Managing Director, CMC Connect, Yomi Badejo-Okusanya and member Board of Directors, Global Reporting Initiative, GRI, Bekeme Masade-Olowola, were the panelists at the ‘Dive In Festival for Diversity & Inclusion In Insurance’, with the theme: ‘Empowering Women in Leadership’, which held recently in Lagos.
The event, which was a gathering of key players in the Insurance sector, basically talked to the issue of inclusion, especially of the women folk; stressing that by enabling and empowering women to lead in the workplace, an atmosphere of belonging with outstanding results is created.
According to Dominic Christian, Global Chairman, Aon, five years ago, when the first Dive In festival was launched in London, they wondered back then whether it would be popular enough to warrant an annual event.
“We had no idea how much support and enthusiasm was out there around the insurance industry for an initiative like this whose focus is on levelling the playing field for talent and supporting people to reach their true potential at work.
“Inclusion@lloyds created The Dive In Festival as an opportunity to enable open conversations around topics such as gender equality, social mobility and cultural differences, physical and mental health and well-being.
“We know that in order to unlock the business power of diversity, we need to build workplace cultures where people feel they can be themselves. We need to practice inclusive leadership – role modelling the behaviour we want to see in the business, respecting differences and creating space for everyone based on talent and equality.
“Our festival message, then as now, was that diversity and inclusion are good for business. Our industry must be one step ahead of the complex global challenges that are affecting business and the public sector – from globalisation, to climate change and cyber crime- and to do that, we need the brightest minds and the boldest innovation. That doesn’t come from groups of people who all think the same way. We need different perspectives, life experiences and cultures in our teams to see opportunities from different angles,” he said.
He added that since its launch in 2015, the festival message has spread across four continents. Christian also alluded to the fact that women represented 50 per cent of the global population, hence the importance of inclusion.
“Gender is one of the most apparent signs of diversity. Walk into any workplace and it is immediately apparent that there is a problem if the room is almost exclusively male”, he said.
Quoting from ‘The Business case for Change’, a global research published by the International Labour Organisation earlier this year which cited Nigerian companies among its respondents in Africa, he said: ‘Our findings indicate that enterprises with equal employment opportunity policies and gender-inclusive cultures are over 60 per cent more likely to have improved profits and productivity, and they are almost 60 per cent more likely to experience enhanced reputation, greater ease in attracting and retaining talent, and greater creativity and innovation. The business case for gender diversity, particularly for increasing the proportion of women in the management and board pipelines, is compelling.’
On their part, Bekeme Masade-Olowola and Yomi Badejo-Okusanya, were united in stressing the need for attitudinal change and a change of the mindset and thinking of the African woman, especially as it relates to cultural and traditional beliefs.
They were both of the opinion that the African cultural system of/and beliefs had done a lot in stifling the growth mindset of the African woman, and this, they say, had affected her performance in the work place. They also alluded to religious beliefs which had great influence on most African societies, as being a factor which had limited the Nigerian cum African woman’s ability to express herself in critical situations, rather seeing herself as being subject to the menfolk.
They unanimously posited a changed mindset and reorientation in order to get out of the mental rot affecting women.
By Adedapo Adesanya
The Nigerian Shippers’ Council (NSC) saved over N348.8 million for port users and resolved 19 complaints in the first quarter of 2026.
According to its sectoral data report from the council’s quarterly newsletter, which covered January to March 2026, the agency’s continued intervention in disputes within the maritime sector is aimed at reducing trade frictions and protecting shippers from unfair practices.
A breakdown of the complaint status shows that, out of 32 cases handled during the period, 19 were successfully resolved, 12 are still ongoing, and one has been closed.
In terms of financial impact, the NSC’s dispute resolution efforts led to a total savings of N348,813,072.06 for stakeholders, particularly importers, exporters, freight forwarders, and shipping agents.
Further analysis of the report indicates that shipping companies and their agents accounted for the highest number of complaints, with 22 cases filed against them.
“Other entities complained against include seaport terminal operators (1), government agencies (3), exporters (1), importers (1), de-consolidators (1), and freight forwarders/clearing agents (3).
“The complaints lodged during the period cut across a wide range of operational and financial issues. Prominent among them were container deposit refund disputes, which recorded the highest frequency with five cases, followed by arbitrary charges (4).
Other issues included unsettled demurrage (2), missing cargo (2), service failure (2), damaged cargo (2), wrong port of discharge (2), and non-release of auction cargo (2).
“Additional complaints involved delays in cargo transfer, breach of trust, invoice cancellation, lack of telex release, delay in releasing export documents, export fraud, waiver-related disputes, demurrage and detention of vessels, breach of contract, and unjustified demurrage charges,” the data report stated.
The data also reveals that the majority of complainants were shippers, including importers and exporters, alongside freight forwarders and shipping agents, reflecting the operational challenges faced by key players in Nigeria’s port value chain.
The NSC, as the port economic regulator, noted that it has consistently leveraged its complaints and dispute resolution mechanism to address grievances and ensure fairness in commercial transactions within the maritime industry.
By Adedapo Adesanya
The Federal Executive Council (FEC) has approved the establishment of the National Research and Innovation Development Fund (NRIDF) as part of efforts to strengthen Nigeria’s research, science, technology and innovation sector.
The approval was granted during the council’s meeting presided over by President Bola Tinubu on Monday.
According to a statement issued by the Federal Ministry of Innovation, Science and Technology, Head of Press and Public Relations, Mrs Pauline Sule, the fund will be supervised by the ministry and managed through a 17-member National Council on Research and Innovation.
The council will be chaired by Vice President Kashim Shettima, while the Minister of Innovation, Science and Technology, Mr Kingsley Tochukwu Udeh, will serve as vice chairman.
Reacting to the development, Mr Udeh described the approval as a major step towards building an innovation-driven economy and strengthening Nigeria’s research ecosystem.
He said the initiative aligns with the federal government’s economic agenda aimed at achieving a $1 trillion economy under the Renewed Hope programme.
The Minister, however, noted that the fund would still undergo legislative, administrative and operational procedures before full implementation and disbursement begin.
According to him, the National Research and Innovation Development Fund is expected to provide strategic financial support for researchers, innovators, startups and technology developers across the country when fully operational.
He added that the initiative would help strengthen local research capacity, encourage the commercialisation of innovations and deepen collaboration between academic institutions and industry players.
The ministry also stated that the fund is expected to improve Nigeria’s competitiveness within the global technology and knowledge economy.
By Aduragbemi Omiyale
One Mr Taofeek Daniel Oriola has been convicted and sentenced to nine years’ imprisonment for money laundering.
He was sentenced by Justice Daniel Osiagor of the Federal High Court sitting in Ikoyi, Lagos, on Monday, May 11, 2026.
His journey to the correctional centre started when he used part of the proceeds of his unlawful activity derived from fraudulent cryptocurrency transactions to acquire some properties, which have now been forfeited to the federal government.
The said properties include a 2014 Range Rover (Supercharged) with VIN Number SALGS3TF7EA180971, a five-bedroom apartment with boys’ quarters in the Ibeju-Lekki area of Lagos State, a parcel of land measuring 653.479 square metres situated at Ibeju-Agbe in Ibeju-Lekki, and one iPhone 16.
The convict, in April 2026, committed the offence contrary to Section 18(2) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 18(3) of the same Act.
Mr Oriola was brought before the court by the Economic and Financial Crimes Commission (EFCC) on a three-count charge bordering on money laundering and concealment of proceeds of unlawful activities.
“That you, TAOFEEK DANIEL ORIOLA (Male), adult, sometime in April 2026 in Lagos State, within the jurisdiction of this court, engaged in the disguise of the true source of a 2014 Range Rover (Supercharged) with VIN No. SALGS3TF7EA180971, which you knew formed part of the proceeds of your unlawful activity derived from fraudulent cryptocurrency transactions, and you thereby committed an offence contrary to Section 18(2) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 18(3) of the same Act.
“That you, TAOFEEK DANIEL ORIOLA (Male), adult, sometime in April 2026 in Lagos State, within the jurisdiction of this court, engaged in the disguise of the true source of a five-bedroom apartment with boys’ quarters situated at Ibeju-Agbe, in the Ibeju-Lekki area of Lagos State, which you knew formed part of the proceeds of your unlawful activity derived from fraudulent cryptocurrency transactions, and you thereby committed an offence contrary to Section 18(2) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 18(3) of the same Act,” two of the three charges read.
After pleading “guilty” to the charges when read to him, Justice Osiagor sentenced him to three years’ imprisonment on each count, to run concurrently, with an option of a N200,000 fine on each count. The judge also ordered him to undertake seven days of community service.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn