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IWD 2019: Zedvance Backs Gender Parity, Celebrates Female Employees

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By Dipo Olowookere

As part of its commitment to push for gender equality, foremost consumer finance company, Zedvance Ltd, held an advocacy campaign in commemoration of the 2019 International Women’s Day.

At a mentorship session for female staff on Friday, March 8, 2019, the firm anchored the programme on the theme of this year’s International Women’s Day, Balance for Better.

The event, which is part of Zedvance Ltd’s sustainability initiatives, took place at the company’s Marina office and had in attendance over 100 female staff, with renowned Marketing Communications expert, Mrs Oluwayemisi Mafe, facilitating it.

Speaking at the event, Managing Director and Chief Executive Officer of Zedvance Limited, Mr Adedayo Amzat, emphasized that gender balance was more than a moral imperative or a “women’s issue.”

According to Mr Amzat, “Gender balance is at the core of what Zedvance stands for. All our employees have access to the same opportunities in career development, leadership and capacity building.

“By tapping into the full potential of men and women, Zedvance is stronger, more innovative, and better at serving its consumers nationwide.”

“Inclusion and diversity are fundamental to our culture and core values, fostering an innovative and collaborative work environment. Having a diverse workforce of people with different talents, perspectives, abilities and experiences enables Zedvance to serve customers better”, he added.

The guest speaker, Mrs Mafe, charged women to think equal, build smart and innovate for change, sharing her wealth of knowledge garnered from years in the corporate world.

“Don’t get too busy that you do not even have time to think about the things that you are so busy about. Don’t get too busy that you are bogged down with projects that need to get done and meetings that need to be attended and you have no time to think.

“Take a walk and deeply reflect on the way you are working and living to gain some real clarity into where you want to be professionally and personally.

“Create time for some serious reflection, introspection and self-examination so that you will keep learning from all you are doing. Thinkers are winners. You can’t afford to stop thinking. Think about how your great idea can be well executed, to transform your team, and your industry. Think about all that you have been reading about. Don’t stop thinking!” admonished Mrs Mafe.

Gender parity is fundamental to whether and how economies and societies thrive. Ensuring the full development and appropriate deployment of half of the world’s total talent pool has a vast bearing on the growth, competitiveness and future-readiness of economies and businesses worldwide.

International Women’s Day (March 8) is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender parity.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Tinubu Orders EFCC to Lift Embargo on Osun Govt Account

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By Modupe Gbadeyanka

President Bola Tinubu on Thursday directed the Economic and Financial Crimes Commission (EFCC) to vacate the court ordering the freezing of the bank account of the Osun Srate government.

In a statement today by his Special Adviser on Information and Strategy,  Mr Bayo Onanuga, the President said he’s “deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order” because of its timing,  which is just a few days to the governorship election in the state next Saturday.

According to him, actions of an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action.

“Since assuming office, I have consistently maintained that anti-corruption and law enforcement agencies must be allowed to discharge their statutory responsibilities independently, professionally, without fear or favour, or political interference. I have therefore deliberately refrained from directing or interfering in the operational activities of the EFCC or any other investigative or prosecutorial agency because I firmly believe that strong democratic institutions, operating within the confines of the law, are indispensable to democratic good governance and the rule of law.

“As President, I am committed to allowing institutions of State to function and take any action they consider necessary in the interest of proper governance without the need for any prior approval.  Indeed, that is why institutions are set up by law with clearly defined powers.    While I am yet to be fully apprised of the facts which informed the action of EFCC in approaching the court to obtain the said order freezing the Osun State Government account, I am not in the slightest doubt that the timing of the action of EFCC is inauspicious, and therefore I feel compelled to intervene.

“Osun State is only a few days away from its gubernatorial election. Therefore, nothing ought to be done to give an impression that the EFCC or indeed any other agency of the federal government is being used to interfere with the election.

“Based on the foregoing premise, I am duty-bound to issue a directive on this issue in consonance with the overriding public interest in preserving public confidence and the integrity, credibility, and fairness of our democratic process.

“Accordingly, I have directed the EFCC to immediately proceed to the court to vacate the order and discontinue whatever action it has instituted against the Osun State Government in this regard,” the statement stated.

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EFCC Admits Freezing Osun Bank Account, Alleges N11bn Embezzlement

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EFCC Real Estate Agents

By Modupe Gbadeyanka

The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.

Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.

According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.

Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.

The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.

“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.

“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.

In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”

“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.

The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”

The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”

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NMDPRA Launches App to Track Fuel Consumption Across Filling Stations

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By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.

The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.

The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.

As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.

According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.

The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.

It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.

Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.

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