General
NDLEA Busts Online Drug Trafficking Cartel in Abuja
By Adedapo Adesanya
Operatives of the National Drug Law Enforcement Agency (NDLEA) have busted an alleged online drug trafficking cartel in Abuja.
The group, according to a statement issued on Sunday by NDLEA spokesman, Mr Femi Babafemi, sells drugged cookies, cakes, brownies and all sorts of illicit substances to residents of the city, with cyberspace as its platform.
“Five members of the organised drug criminal group were arrested during sting operations carried out between Friday, May 7 and Saturday, May 8, 2021, by officers of the FCT Command of the Agency during which different brands of illicit drugs were recovered from them,” he said.
The suspects – Miss Queen Nvene, Mr Collins Ozoemena, Mr Samson Peter, Mr Chika Nvene, and Mr Habila Musa – were said to specialise in clandestine production of drug-based cookies, brownies and other edibles; markets and sells same online, through their Twitter and Instagram handle.
They were also accused of selling all types of marijuana, Arizona, Colorado and Loud, among other illicit drugs, online.
The statement added, “While Queen Nvene, a graduate of Business Administration, produces drug cookies and brownies and sells same on Instagram, Collins Ozoemena sells all types of illicit drugs, especially Loud and skunk online.
“Samson Peter, on the other hand, is the manager of SK express courier company, who manages motorcycles and dispatch riders to deliver illicit drugs from Collins and drugged edibles (cookies, cakes and brownies) from Queen and Chika, both sisters. Members of the cartel operate from different locations within the Federal Capital Territory, FCT, but operate as a network.
“Their arrest followed online orders of drug-based edibles by undercover agents. Supplies of brownies and cookies were delivered and received from different SK Express dispatch riders at various times by narcotic operatives before the final sting operation.”
According to the Commander, FCT Command of the agency, Mr Mohammed Malami Sokoto, follow up raids of their various locations in Gudu, Kubwa, Lokogoma, Apo and Damangazo all in Abuja, led to the seizure of some illicit substances.
Items recovered from the suspects included 55 pieces of drugged cookies and brownies, 1.3 kilogrammes of skunk used as an ingredient for making cookies and brownies, 0.9 grammes of ecstasy, popularly called molly, 300 grammes of skunk, 00 grammes of Loud and 300 grammes of skunk.
Other items recovered from the syndicate include a dispatch motorcycle, various equipment for producing cookies and brownies, 10 telephone handsets and two laptops used for online drug trafficking transactions.
NDLEA said the suspects confessed to have a large platform of customers who order drugs and drug-based cookies, brownies and edibles, on daily basis for parties and ceremonies, in and outside Abuja.
They said they use the manager of SK Express courier company to deliver their products through motorcycle riders and power bikers popularly called droppers.
They further claimed they have been in the business for over three years.
Similarly, NDLEA operatives intercepted and seized 60kilogrammes of cannabis in the Akure-South Local Government Area, leading to the arrest of a 29-year-old man, Mr Emmanuel Utaji.
Acting Commander of the Agency in the state, Mr Callys Alumona disclosed that the location was raided at about 9:45pm following intelligence, adding that the suspect was apprehended when the consignment was to be evacuated and taken outside the state.
Also in Rivers State, a suspected drug dealer and armed robber, Mr Sanusi Abdullahi was nabbed by operatives of the agency at Iroko village, where 15.8 kilogrammes of skunk and 16 sim cards were recovered from him on Saturday.
NDLEA Rivers State Commander, Mrs Rachael Shelleng, stated that further investigation would unravel other criminal activities perpetrated by the suspect.
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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