General
NGX, IFC Push for Gender Equality Via Nigeria2Equal

By Sodeinde Temidayo David
The Nigerian Exchange (NGX) Limited in partnership with the International Finance Corporation (IFC) held a webinar on August 6 to discuss the promotion of gender equality among publicly quoted companies.
The session was used to unveil the Nigeria2Equal initiative, which was announced last year at the 2020 International Women’s Day symposium hosted by the exchange and the IFC.
The moderator, Ms Anne Njambi Kabugi, who is the Regional Gender Lead – Africa of IFC, disclosed that the scheme comes in four categories.
According to her, the first category is on gender balance in leadership and workforce, noting that the current average percentage of women in the workforce was 33 per cent, lower than the global average of 37 per cent.
Ms Kabugi further explained in detail the average percentage of women at four workforce levels of companies, including the senior management level, revealing that no company has achieved a gender balance at all four workforce levels.
The second category, she said is on the progress of equal compensation and work-life balance scheduled in the Nigeria2Equal initiative.
In her presentation, she noted that no company publishes gender-segregated pay information or a strategy to close the gender pay gap.
Giving explanations on the leaves and work-life balance, she disclosed that only three companies have met Equileap’s standard for career leave.
On parental leave, she noted that five companies offer 14 weeks or more of 2/3 to fully paid primary caregivers, two companies offer 2 weeks of parental leave to the secondary caregiver at 2/3 to fully paid.
She further noted that three companies offer both flexible hours and locations, six companies offer flexible hours, five companies offer flexible locations.
The third category reviewed the report of companies following the new policies made in promoting gender equality. It was stated that no company publishes all of eight policies and that only 12 companies had seven out of the eight policies given.
The follow-up data showed that 73 per cent adhered to the ‘social supply chain policy’, 53 per cent of companies published the ’Anti-sexual harassment policy’, 77 per cent engaged in the ‘Training and carer development policy’, 80 per cent obeyed the ‘Human right policy’, 100 per cent applied the ‘Health and safety policy, 97 per cent issued the’ Gender nondiscrimination in recruitment’ and 97 per cent aided to the ‘Employee support policy’.
The fourth category disclosed the commitment, transparency and accountability of Equileap’s companies.
It was stated that only one company is a current United Nations (UN) Women’s Empowerment Principles (WEPs) signatory and that in 2020, 6 per cent of companies in Equileap’s global database were signatories of UN WEPs
The webinar continued with the Chief Executive Officers (CEOs) and representatives giving their remarks and comment as they gave more information on their companies development for gender equality and enactment of the Nigeria2Equal initiative.
The companies in partnership of the Nigeria2Equal are Sterling Bank Plc, Lafarge Africa Plc, Cadbury Nigeria Plc, MTN Group Limited, The United Africa Company of Nigeria (UAC), Moove Africa, Ecobank Transnational Inc., Union Bank of Nigeria Plc, Stanbic IBTC Holdings, Access Bank plc, Airtel Africa plc, Ardova Plc (AP), AIICO Insurance Plc, Red Star Express Plc, and Flour Mills of Nigeria (FMN).
General
UK Distances Self from Soldier Involved in Illegal Arms Deal in Nigeria

By Adedapo Adesanya
The British Government has distanced itself from the actions of Mr Micah Polo, an alleged British army officer, who was recently apprehended in connection with arms procurement and an alleged plot to instigate unrest in Warri, Delta State.
The development has received widespread condemnation with many stakeholders demanding a thorough probe of the indicted soldier and alleging that the UK was fuelling instability in the country.
In a short statement shared with Business Post on Wednesday, the British High Commission acknowledged that the individual identified did serve as a junior rank in the UK Armed Forces Reserves but was later discharged. It didn’t provide further details.
According to a statement credited to an unnamed spokesperson, the British High Commission in the statement said, “The individual identified in recent Nigerian media reporting is not a serving member of the UK Armed Forces.”
The British High Commission added that whilst in the Reserves, Mr Polo was a junior rank not a commissioned officer. Many reports had ascribed him a Major.
This newspaper learnt that UK common law and Data Protection Act protects the personal details of current and former employees, hence why it was not able to release any additional information on the matter.
According to reports, Mr Polo, an Itsekiri by origin, was allegedly recruited by one Collins to procure weapons and ammunition intended to fuel tribal tensions in the oil-rich region.
However, operatives of the Department of State Security (DSS) from the Delta Command were said to have foiled the move on Friday night and arrested the arms supplier during a covert exchange near Asaba, Delta State.
During the operation, over 50 AK-47 rifles, six pump-action shotguns, and more than 3,000 rounds of ammunition were confiscated.
Mr Polo, on the other hand, was intercepted in Lagos as he attempted to board a flight to the United Kingdom, while his associates were apprehended in Asaba during the operation.
General
FG Plans Centre to Tackle Immigration Document Fraud

By Adedapo Adesanya
The Minister of Interior, Mr Olubunmi Tunji-Ojo, has announced plans to establish a harmonised centre to combat immigration document fraud.
Speaking while receiving the UK Minister of State for Home Affairs, Mr David Hanson, in his office in Abuja, Mr Tunji-Ojo highlighted the need for a centralised system to verify documents in real time.
“One of the key issues we also realised with border control is what we call immigration and document fraud. It is very key and we realised that one of the reasons why this is quite on the rise is because there is no centralised pool of authentication and verification of documents in real time.
“So, today, if people submit 20 documents, you might need to go to 20 issuing agencies to verify 20 documents belonging to one person. So, if you have 1,000 people per day, you might need to look for 100,000 verification and authentication systems. That breeds inefficiency,” he said.
Mr Tunji-Ojo added that the centre would authenticate documents like passports, birth certificates, and bank statements, enhancing Nigeria’s image and investor confidence.
“As a government, we are trying to be more proactive than reactive, and we don’t want to judge our performance in terms of fraud by virtue of recoveries or convictions, but rather by the number of crimes or frauds that we prevented from happening,” he stated.
On his part, Mr Hanson emphasised the shared agenda between Nigeria and the UK to improve criminal justice outcomes.
“There is a great common agenda that we can share and I am particularly keen to look at how we are working together closely. My visit this week will also look at the new joint centre that you are undertaking,” he said.
He noted ongoing UK-Nigeria collaboration on migration policies, visa systems, and trade, following Mr Tunji-Ojo’s recent meeting with UK Home Secretary, Ms Yvette Cooper.
The UK delegation included officials from the Home Office, National Crime Agency, and UK High Commission in Nigeria.
General
2025 ComWeek: Abeokuta Catholic Diocese to Train Journalists

By Emmanuel Udom
The Abeokuta diocese of the Catholic Church in Ogun State is set to hold a one-day training for all parish correspondents across its over 69 parishes in the state.
Business Post gathered that the training is planned for Saturday, May 3, 2025, at the St Peter & Paul Catholic Hall, located at Itesi along Adetan Road in Abeokuta, Ogun Sstate.
The training will commence from 10 am to 2.30 pm and the event is coming ahead of the church’s Communications Week (ComWeek) fixed for May 25 to June 1, 2025, at the same venue.
The Social Communication Director for the diocese, Fr Gregory Fadele, in a statement said all parish correspondents are expected to be at the venue of the training on or before 9.30 am for registration.
He, however, disclosed that no proxy arrangements would be allowed as refreshments, stationary, certificate of participation, and others would be given to each correspondent drawn from all the parishes of the Catholic church in Ogun State.
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