General
NDLEA Arrest Qatar-based Businessman With Psychoactive Substances
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) has intercepted a Qatar-based businessman, Mr Agu Evidence Amobi, and one other, Mr Uchegbu Onyebuchi Obi, with consignments of psychoactive substances at the Murtala Muhammed International Airport (MMIA), Ikeja Lagos.
The Director for Media & Advocacy at the NDLEA, Mr Femi Babafemi, on Sunday, disclosed that Mr Amobi was arrested on Saturday at the departure point of terminal 2 of the MMIA on his way to Doha, on a Qatar Airways flight.
On his part, Mr Obi was taken into custody the same day following the seizure of a consignment of 72,000 pills of tramadol 225mg, which he attempted to ship to Kano on a local flight.
Mr Amobi who claimed he has been living and working in Doha, Qatar for over 10 years was caught with 1.30kg cannabis sativa concealed in a bag of foodstuff.
He claimed he bought the substance in Enugu to deliver in Doha to enable him to raise enough funds to pay his rent in Doha and Nigeria and the school fees of his three children.
In the same vein, NDLEA operatives at the domestic wing of the airport intercepted a carton containing a total of 72,000 pills of tramadol 250mg with a gross weight of 38.50kg.
This was closely followed with the arrest of Mr Obi who brought the consignment to the airport for shipment to Kano.
On Christmas Day, December 25, in Yobe state, NDLEA officers on patrol along Nguru-Gashua road intercepted the trio of Mr Musa Sani, Mr Mohammed Ibrahim and Mr Adamu Usman in a truck conveying 39 blocks of cannabis sativa weighing 15.7kg and 128,500 pills of opioids.
The enforcement agency also revealed that fin follow-up operations the following day, December 26, led to the arrest of the actual owner of the cannabis consignment, Mr Ali Ibrahim (a.k.a Ramos) in Geidam where an additional 208 blocks of the same substance were recovered from his house, bringing the total to 247 blocks weighing 94.74kg, while the owner of the seized opioids, Mr Mustapha Goni (a.k.a Lolo) was equally arrested.
In Imo state, its operatives on Christmas Eve, while on patrol along Owerri – Onitsha expressway intercepted a commercial bus driven by Mr Peter Orji, 42, with 400 bottles of codeine syrup; 7,590 pills of opioids including tramadol 225mg heading to Port-Harcourt, Rivers State.
While Mr David Michael, 52, was arrested at Unguwa Ukku area of Kano on Sunday, December 24, with 49 blocks of cannabis weighing 42.6kg, Mr Umar Abdullahi, 27, was nabbed with 27, 350 pills of opioids at Gadar Tamburawa area of the city same day.
While commending the efforts of the officers and men of MMIA, Yobe, Kano, Kwara and Imo Commands of the Agency for jobs well done in the past week, Chairman/Chief Executive Officer of NDLEA, Mr Mohamed Buba Marwa tasked them and their compatriots nationwide not to rest on the achievements of 2023 but to continue to raise the bar in their offensive action against drug barons and cartels with an equipoise of intense WADA advocacy campaigns in the new year.
He wished all officers and men as well as their families, stakeholders and the general public a rewarding and fulfilling new year.
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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