General
NDLEA Recovers Tramadol Tablets, Arrest 41 Suspects
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) on Sunday said it has intercepted no fewer than 294,440 Tramadol tablets and other illicit drugs in major operations in Delta, Bauchi, and the Murtala Muhammed International Airport, Lagos, while a total of 41 suspects were arrested in raids in Abuja and Kaduna State.
The NDLEA spokesperson, Mr Femi Babafemi, said in a statement that in Delta State, one Mr Christian Onah was arrested at Isele-Azagba junction with 23,160 tablets of Swinol and 66,000 tablets of Rohypnol, both weighing 71.6kg while conveying the drugs from Benin, Edo to Onitsha, Anambra state.
In another arrest, a commercial vehicle from Onitsha going to Ibadan, Oyo state was intercepted at Abraka junction, Asaba on Wednesday, March 2 with 78,000 capsules of Tramadol; 5,000 tablets of Diazepam and 97,500 tablets of Exol-5, while a suspect, Mr Olaniyan Sunday, was arrested.
One female suspect, Miss Patricia Saduwa, was arrested with 233.7kg of cannabis during a raid in Orogun community close to Abbi town in Kwale LGA, Delta State on Friday, March 4, while 123.7kg of cannabis was also seized in another raid in the community on the same day.
The owner is said to be at large.
In Bauchi, operatives acting on credible intelligence raided a warehouse at Gadar- Maiwa, Ningi Local Government Area, where 542.5kg of cannabis; 6,800 tablets of Diazepam and 12,400 tablets of Exol-5 were recovered on Wednesday, March 2.
At least 30 suspects were arrested at the Malali area of Kaduna State during raids aimed at destroying drug joints across the state.
A suspect, Mr Usman Dahiru was arrested with 24kg of cannabis concealed in two sacks of used clothes on Thursday, March 3, along the Abuja-Kaduna expressway, where another suspect, Mr Abdulrazaq Rabi’u was also arrested with 100,000 counterfeit US Dollars.
On the same day, operatives in Anambra State recovered 38,862 red star cartridges along with 13 cartons of illicit drugs when they raided a warehouse in Onitsha.
In Abuja, 11 suspects were arrested and 81.2kg of drugs were seized in a major raid operation on Saturday, March 5 in ‘black spots’ like Torabora, Karu Abattoir, Jabi motor park and forest.
At the Lagos airport, one Mr Audu Muhammed was arrested at the SAHCO export shed on Saturday, March 5, with 1.550kg cannabis concealed in golden morn cereal packs meant for Dubai, UAE.
Days earlier, a suspect, Mr Olalekan Wasiu Ayinde was also arrested at the export shed with 4,980 capsules of Tramadol; 600 capsules of Rohypnol and some designer drugs concealed inside locust beans and hidden among food items for export to South Africa.
Meanwhile, Mr Nwoku Princewill Uche, a principal suspect in the importation of 451,807 Captagon tablets weighing 79.119kg at Apapa Seaport Lagos, has been taken into custody after six months on the run.
Known as Jihadist drug, the consignment was the first-ever recorded seizure of Captagon in the West and Central African Sub-Region.
In his statement, Mr Uche claimed to have met the person who gave him the job on LinkedIn while he was paid N5m to clear the container.
He then used a third-party bank account to process the Form M for the clearing of the illicit consignments.
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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