General
NDLEA Intercepts 1.5 million Tablets of Opioids in Edo
By Adedapo Adesanya
About 1.5 million tablets and capsules of pharmaceutical opioids such as Tramadol, Exol-5, and Diazepam loaded in Onitsha, Anambra State and heading to Yauri, Kebbi State have been intercepted in Edo State by operatives of the National Drug Law Enforcement Agency (NDLEA).
According to NDLEA spokesman, Mr Femi Babafemi, the agency intercepted the drugs on Friday, January 14, adding that on the same day, about 425,000 Diazepam tablets were recovered at Segemu, Kano.
In addition, a total of N1.4 million was seized along with arms and ammunition from a suspected bandit and a drug kingpin in Plateau State while over 137.754 kilograms of assorted illicit drugs were recovered during interdiction operations across seven states in the past week.
It was stated that the interception in Edo State was made possible due to credible intelligence and when the truck was thoroughly searched, the items were discovered to be concealed under legitimate goods.
The drugs seized included 394,480 capsules and 3,000 tablets of Tramadol weighing 83.707kg; Exol-5: 647,500 tablets weighing 203.315kg; Diazepam: 12,500 tablets weighing 2.05kg; Bromazepam: 1,500 tablets weighing 0.45kg; Codeine based Syrup: 999 bottles weighing 134.865kg; Pentazocine injections: 4,000 ampoules weighing 16.64kg.
The driver of the truck, Mr Bashir Lawali, 30, was arrested along with Mr Abubakar Sani, 30, and Mr Ali Abubakar, 19, while the exhibits in Kano were seized from one Mr Sa’idu Yahya, 31.
In other related operations, attempts by drug traffickers to export 73 parcels of cannabis (34.05kg) concealed in foodstuff plastic containers to the United Kingdom through the NAHCO export shed of the Murtala Mohammed International Airport, MMIA, Ikeja Lagos were frustrated by operatives on January 8.
Also, another 50 parcels of cannabis consignment (27.25kg) meant for the United States was also intercepted at the export shed of the airport on Tuesday, January 11 and at least three suspects so far arrested.
In the reverse bid, moves by illicit drug merchants to bring into Nigeria 94 parcels of cannabis indica (Colorado) weighing 43.4kg through the Tincan seaport in Lagos were crushed on January 13 when operatives intercepted the drug inside a 40ft container from Canada.
The exhibit was concealed inside a Toyota Camry car. This came on the heels of a similar seizure on 11th Jan. of 59 parcels of Colorado (17.3kg) concealed in a Mercedes Benz vehicle imported from Canada.
In Plateau State, a fake security agent, Mr Babagana Ma’aji has been arrested through a controlled delivery of 5.6kg cannabis from Lagos. The suspect based in Damaturu, Yobe State, was nabbed following the interception of a commercial bus bringing the consignment from Lagos to Gombe in Mararaban, Jos on January 8.
On Tuesday, January 8, operatives of the Plateau Command of the agency also arrested a suspected bandit, Abdullahi Usman Ahmad, 28, at Hwolshe with one Beretta pistol; seven rounds of live ammunition; two empty shells; 12 grams of cannabis sativa; a pair of handcuffs and one million one hundred and thirty-six thousand, three hundred and forty-four naira only (N1, 136,344), suspected to be ransom money as well as an Opel car with registration number ZAR35LQ.
Similarly, the suspected leader of a cocaine distribution ring in Plateau, Mr Chibueze Okoro John, 42, has been arrested along Zaria Road, Jos, with quantities of cocaine and Tramadol recovered from him as well as a Sienna Bus (BWR 584 AL), Toyota Camry car (RBC 461 BF) and the sum of two hundred and seventy-seven thousand naira only (N 277, 000), which the suspect offered to the narcotic officers as a bribe but was rejected.
Meanwhile, in Delta State, the bid by 38-year-old Ejike Obiora to smuggle different quantities of cocaine and heroin into the Nigerian Correctional Centre, Ogwashi-Uku, Aniocha South LGA, was foiled on January 8, when he was discovered to have concealed the drugs in foodstuffs meant for an inmate.
This is even as 598kg cannabis was recovered during a raid in the Owo area of Ondo State with the two owners: Mr Arataye Raimi, 41, and Mr Tope Osinnuwa, 36, eventually arrested in follow up operations.
Still, on the latest feats by the NDLEA, one Abdullahi Mohammed was arrested in connection with the seizure of 48.5 blocks of cannabis in Potiskum, Yobe State, another fake security agent, Dike Davison was nabbed at Aliade, Benue State with 50grams of cannabis and 29 rounds of live ammunition of 7.62mm calibre.
In Abuja, a buy and bust operation on Friday, January 14, led to the arrest of one Habib Yusif, 41, with a total of 28.2kg cannabis recovered from him, while in Osun State, the trio of Samuel Joseph; Francis Ujor, and Sola Johnson were arrested in Onikoko village Area 5, Ile-Ife, with 100 bags of cannabis weighing 1,530 kilograms recovered from them on Thursday, January 13.
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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