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Heritage Bank, GTA Fete 500 Children in Lagos

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By Modupe Gbadeyanka

Last weekend was fun for about 500 pupils who participated in the Heritage Bank Plc-GTA Communications Limited Children Day Celebrations organised for 20 primary and secondary schools in different parts of Lagos State.

Apart from the exited pupils and students who trooped out to participate in the celebrations, the event, held at Ronnie Event Centre at the Agege, also had in attendance parents, teachers, proprietors and proprietresses of the schools that took part.

In her remarks at the event, Chinenyenwa Ozoemena, Financial Literacy Analyst, Heritage Bank said as a timeless wealth partner in Nigeria, Heritage Bank considered the platform as a veritable one through which it could educate the participants about financial literacy.

Ozoemena explained that the importance of financial literacy cannot be overemphasised as it is essential to the young and the old. She said even the children present needed basic knowledge about activities of banks in the country.

She therefore, engaged the pupils and students with questions that bother on Financial Literacy in order to arouse their curiosity. Among the questions asked are: If you have N20, what will you do with it; what do people do in a bank; Name two types of bank account you know; and what is the name of Nigeria’s currency?

Besides, Ozoemena explained that Heritage Bank would be happy to partner with the schools represented at the occasion. She said: “We are here to partner with you and with your business. Heritage Bank has various banking solutions that can be deployed to grow your business even beyond your imagination. We do what is called business advising.”

According to her, record keeping is essential to the growth of any business adding that Heritage Bank has an enviable record keeping system that can effectively back up their businesses wherever it may be situated in the country.

For the children, who would like to be successful entrepreneurs, Ozoemena disclosed that Heritage Bank has specific banking solutions that are meant to nurture them to maturity.

In her welcome remarks, Mrs Gbemisola Abdul-Olatunbosun, CEO of GTA Communications; commended Heritage Bank and the schools represented at the event. She expressed optimism that the financial literacy experience that the children would gain would surely add value to them and also help to shape their understanding about life.

Although, GTA Communications has been organising Children Day celebrations since five years now, Abdul-Olatunbosun said with the Heritage Bank’s involvement this year, the content is more enriched. With that, she stated, the participants would benefit more.

Among the pupils whose presence was visible at the event is Ossai Samuel, a JSS2 pupil from Bishop Kola Onaolapo Memorial College who played saxophone to entertain the audience.

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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ICPC Secures Court Order to Extend El-Rufai’s Detention

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By Adedapo Adesanya

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured a court order to extend the detention of former Governor of Kaduna State, Mr Nasir El-Rufai.

This order gives the anti-graft agency ample time to finalise its investigation into allegations against the former governor, which has now deepened as a result of some new findings.

Subsequently, the new order, which was granted on Tuesday in the presence of Mr El-Rufai’s lawyer, will expire on Thursday, March 19.

However, Mr El-Rufai’s lawyer, whose application to quash the first remand order was declined by a Chief Magistrate Court in Bwari, has returned to the same court to nullify the latest order.

Justice Okechukwu John Akweke has fixed March 17 to decide whether or not he should set aside the latest detention order.

He said, “Upon hearing and listening to the prosecuting counsel, Dr Osuobeni Ekoi Akponimisingha Esq., praying this Honourable court for the following orders:

“An order of this Honourable Court issuing a remand warrant against the Respondent (NASIR AHMAD EL-RUFAI) in favour of the Applicant, i.e. Independent Corrupt Practices and other Related Offences Commission (ICPC), to detain the Respondent (NASIR AHMAD EL-RUFAI) in its custody for another fourteen (14) days pending conclusion of investigation activities on allegations of Money Laundering/abuse of office.

“And for such other or further order(s) as this Honourable court may deem fit to make in the circumstances. It is hereby ordered that: Application granted as prayed.

“That the Applicant, i.e. the Independent Corrupt Practices and other Related Offences Commission ICPC is hereby ordered to re-detain the Respondent (NASIR AHMAD EL-RUFAI) for an additional 14 days to enable the commission to conclude investigation activities.

“That the return date shall be the 19th day of March 2026, for the report of compliance.”

The scrutiny of Mr El-Rufai by the ICPC follows the report of the Kaduna State House of Assembly’s ad hoc committee constituted in 2024 to investigate finances, loans and contracts awarded between 2015 and 2023 under his eight-year administration of the state.

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Nigeria Begins Evacuation of Willing Nigerians from Iran

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Nigeria flag with Iran flag, 3D rendering

By Adedapo Adesanya

The federal government has begun evacuating willing Nigerians in Iran, escorting them across the Armenian border to ensure their safety amid escalating tensions in the Middle East.

The evacuation follows the growing crisis that began on February 28 after coordinated military strikes on Iran by the United States and Israel.

The attacks triggered retaliatory missile and drone strikes across parts of the region, raising fears of a wider conflict.

The chief executive of the Nigerians in Diaspora Commission (NiDCOM), Mrs Abike Dabiri-Erewa, disclosed this in a post on her X handle on Tuesday.

She said officials of the Nigerian Embassy in Tehran are coordinating the evacuation of Nigerians who wish to leave the country and are facilitating their safe passage into Armenia.

Mrs Dabiri-Erewa also reassured that no Nigerian in Iran has so far been affected by the ongoing tensions, noting that embassy officials remain stationed at the border to receive and assist evacuees.

Her post read, “Willing Nigerians [are] being escorted across the Armenian border by officials of the Nigerian embassy in Iran for safe passage. No Nigerian in Iran has been affected by the war as officials remain at the border to receive all who want to leave.”

The development comes as tensions in parts of the Middle East continue to raise concerns over the safety of foreign nationals residing in affected areas.

For repatriation flights, the NiDCOM chair said the airspace is currently unsafe but assured Nigerians in the Middle East that the Federal Government team is on standby to evacuate them.

“And as for repatriation flights, the skies are currently unsafe to fly. Luckily, a flight came in from the UAE to Lagos two days ago, just before another strike and the closure of the airspace.

“Once the airspace opens, the multi-agency FG team on crisis and evacuation is on standby. Our prayers are with you and all our people in affected countries,” she said.

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Grid-Connected Private Transmission Substations Must Register—NERC

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By Modupe Gbadeyanka

All private transmission connected to the national grid must register and get authorisation to operate, the Nigerian Electricity Regulatory Commission (NERC) has declared.

In a statement, the electricity regulatory body in Nigeria directed owners of private transmission substations used by bulk electricity consumers to obtain an Independent Electricity Transmission Network Operator (IETNO) Permit before operating or connecting to the grid.

It was disclosed that this latest development, which became effective March 9, 2026, is to strengthen oversight of privately owned substations connected to Nigeria’s national grid.

NERC further said the directive was introduced to improve grid reliability, safety, and operational visibility following frequent transmission line trips reported by the Nigerian Independent System Operator (NISO).

Under the order, NISO must submit to NERC a comprehensive list of all existing Private Transmission Substation Owners (PTSOs) and notify them of the provisions of the order within five days.

Existing PTSOs must apply to NERC for an IETNO permit within 45 days, while new PTSOs must obtain the permit before connecting to the grid, as non-compliance attracts regulatory sanctions.

NISO will deploy IoT-based metering systems at substation interconnection points within 120 days.

Further, operators must submit monthly operational reports, while NISO will conduct inspections to ensure compliance.

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