General
LASTMA Official, Driver Beaten Black and Blue

By Punch
There was pandemonium on Wednesday at the Costain area of Lagos State as an official of the Lagos State Management Authority and a bus driver were reportedly beaten to a pulp.
Punch Metro learnt that officials of LASTMA had allegedly apprehended the bus driver at the Costain bus stop, for allegedly violating a traffic rule.
It was alleged that an argument ensued between the driver, his conductor and the officials.
In the ensuing scuffle, a LASTMA official allegedly punched the driver and he slumped.
A mob was reported to have barricaded the road in protest as the driver lay on the floor, foaming in the mouth.
The mob reportedly vandalised a LASTMA patrol car which drove into the protesters at the time, beating up the officials.
They were said to have mobilised and also attacked the LASTMA office in the area and vandalised vehicles in the yard before the intervention of policemen from the Iponri division.
A witness, Ibrahim Adisa, said the incident happened around 9am.
He said, “We saw that the LASTMA officials held the bus driver at the junction for breaking traffic rule. The man did not release the vehicle to them, which started an argument. The driver and the conductor then started fighting the LASTMA men.
“One of the LASTMA officials put his hand in the pocket and brought out a ring which he used to hit the driver. The man fell and started foaming in the mouth. The officials then took his bus into their yard and left him on the ground.
“A mob barricaded the road and vandalised a LASTMA patrol car that came in that time. They beat up all the officials in the car. After that, they carried the man’s body into the LASTMA’s office and chased out the workers.”
Punch Metro learnt that the driver was later taken to a hospital after the police arrived to quell the unrest.
A motorcycle rider said the situation would have been worse but for the intervention of the police.
“Traffic was at a standstill and the hoodlums were looking for LASTMA officials or any government official to attack,” he added.
As of 3pm when our correspondent left the area, no traffic official was in sight as police patrol vehicles mounted surveillance in the area.
The Police Public Relations Officer, SP Dolapo Badmos, confirmed the incident, adding investigations were ongoing.
She said, “Yes, I can confirm that LASTMA officials impounded a vehicle and the driver and his conductor engaged the LASTMA officials in fisticuffs, which led to two losing consciousness. The two are the driver and a LASTMA official. They were both rushed to the hospital where they are currently recuperating. Investigation has commenced into the matter.”
The spokesperson for LASTMA, Mr Mahmud Hassan, in a statement, denied that the driver was beaten by an official of the agency.
He explained that some hoodlums, who were attempting to free the driver’s bus, invaded the premises of the agency and vandalised vehicles.
He said, “The commercial bus was apprehended for illegal picking and dropping of passengers in the Costain area. The commercial bus was subsequently taken to the nearest yard of the agency at Iponri for booking.
“However, in a bid to circumvent the law and retrieve the vehicle from LASTMA’s yard, the driver mobilised friends and hoodlums, who attacked the Iponri office of the agency. They injured our personnel and damaged vehicles in the yard. However, when the driver’s action did not yield the desired result, he stripped himself naked and created a scene in order to draw the sympathy of unwary members of the public.
“When the act failed, his friends and hoodlums put him in a wheelbarrow with a clear intention to cause commotion and breakdown of law and order.”
Hassan said two of the hoodlums had been arrested and would be arraigned in court.
The General Manager of LASTMA, Mr Bashir Braimah, according to the statement, said no amount of violence would make the agency to shy away from its statutory responsibility.
General
Egbin Power Commissions 80 New Staff Housing Units
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.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
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.
General
IWD: Dolapo Akanbi-Alade of Pathway Holdings Urges Stronger Inclusion of Women in Finance
By Adedapo Adesanya
The Executive Director/GCOO of Pathway Holdings Limited, Mrs Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.
International Women’s Day 2026 is marked every March 8, and this year’s theme is Give To Gain.
In a statement shared with Business Post, Mrs Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.
She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.
“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.
Mrs Akanbi-Alade said, “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth’’. She co-founded the following companies:
Pathway Asset Management Limited is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.
Pathway Advisors Limited is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser. Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.
Fundbox Financial Services Limited is a wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans, and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.
Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.
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