The Board of Seplat Energy today announces the appointment of Engineer Saidu Aliyu Mohammed and Mr. Larry Ephraim Ettah as Independent Non-Executive Directors of the Company with effect from 1 January 2026. 

Following the resignation of Mr. Bello Rabiu and Mr. Babs Omotowa from the Board in April 2025 due to their appointments to the Board of NNPC Limited by the President of the Federal Republic of Nigeria, the Company embarked on the recruitment process for their replacements in line with the Board of Directors’ Succession Plan and today announces the appointment of Engineer Saidu Aliyu Mohammed and Mr. Larry Ephraim Ettah as Independent Non-Executive Directors of the Company effective 1 January  2026.

Engr. Saidu Aliyu Mohammed is a seasoned energy executive with over 37 years of experience in the oil and gas industry, specializing in natural gas development, commercialization, and infrastructure. He served as Group Executive Director/Chief Operating Officer, Gas & Power Directorate at the Nigerian National Petroleum Corporation (NNPC), where he provided strategic leadership for major gas projects and policy frameworks, including the Gas Masterplan, Gas Network Code, and contributions to the Petroleum Industry Act (PIA).

He played a pivotal role in conceptualizing and delivering critical gas infrastructure projects such as the Escravos–Lagos Pipeline Expansion, Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline, and Nigeria LNG Train 7. His leadership extended to international engagements, representing Nigeria at the Gas Exporting Countries Forum (GECF) and the West African Gas Pipeline Authority.

Engr. Mohammed previously held top executive positions as Managing Director of Kaduna Refining and Petrochemical Company, Managing Director of Nigerian Gas Company, and chaired boards of several strategic entities, including West African Gas Pipeline Company, Nigeria LNG subsidiaries, and NNPC Retail. He is a Fellow of the Nigerian Society of Engineers (FNSE) and the Nigerian Society of Chemical Engineers (FNSCHE), and a registered engineer with COREN. He holds a B.Eng. in Chemical Engineering from Ahmadu Bello University, Zaria.

Mr. Larry Ephraim Ettah is a highly respected Nigerian business leader with nearly four decades of corporate experience. He spent 30 years at UAC of Nigeria Plc (UACN), rising from Management Trainee in 1988 to Group Managing Director/CEO, a role he held from 2007 to 2018. As CEO, he reshaped UACN’s portfolio through strategic partnerships with global firms such as Tiger Brands, Imperial Logistics, and Famous Brands.

 He also led key acquisitions including Livestock Feeds Plc and Portland Paints Plc, repositioning the conglomerate for sustainable growth across multiple sectors.

Following his retirement from UACN, Mr. Ettah founded Barracuda Capital Partners Ltd in 2018, where he serves as Executive Chairman. He holds several board roles, including Founding Director of Coronation Merchant Bank Ltd and Non-Executive Director of Mixta Africa Plc, and until February 2025, he co-chaired the board of LEAP Africa. He has chaired and served on the boards of several publicly listed companies and advised major consumer goods firms.

 He has played influential roles in industry associations such as Nigeria Employers’ Consultative Association (NECA), Manufacturers Association of Nigeria (MAN), and Lagos Chamber of Commerce and Industry (LCCI), and contributed to national economic policy through presidential and technical advisory committees.

Mr. Ettah holds a B.Sc. in Industrial Chemistry and an MBA from the University of Benin, complemented by extensive executive education from leading global institutions including Harvard, Stanford, Oxford, INSEAD, IMD, and the University of Michigan. His international exposure, strong governance expertise, and broad sector experience underpin his reputation as a strategic, principled, and effective boardroom leader. Overall, he is recognized for his vision, leadership, and commitment to corporate excellence and economic development.

Mr. Udoma Udo Udoma, Chairman of Seplat Energy commented: “On behalf of Seplat Energy, I am delighted to welcome Engineer Saidu Aliyu Mohammed and Mr. Larry Ephraim Ettah to the Board. Their experiences are complementary, combining extensive industry knowledge with extensive business success. We look forward to the significant contributions they will make in advancing the Company’s strategic growth objectives and driving our continued success”

ROADBLOCK has been officially voted Nigeria’s Biggest Dance Event and Nigeria’s Most Modern Rave Project 2025 by the Brand Journalists Association of Nigeria (BJAN), a prestigious recognition celebrating innovation, cultural influence, and youth engagement in the Nigerian entertainment landscape.

This was contained in a statement signed by the 2025 BJAN Awards Committee Chairman, Mr. Lukman Ayobami Ishau, and titled ‘Announcing Roadblock as the Biggest Dance/Engagement Event 2025’.

The letter, which was sent to the Founder/Chief Experience Architect of ROADBLOCK, Dr. Felix King Eiremiokhae, stated that “On behalf of the Brand Journalists Association of Nigeria (BJAN) Awards Committee, it is with great enthusiasm that we announce that Roadblock has been voted Nigeria’s Biggest Dance Event for 2025.”

The statement added, “This landmark recognition celebrates a movement that continues to redefine nightlife and ADM (African Dance Music) culture across the country. Roadblock’s unparalleled energy, innovative programming, and unwavering commitment to showcasing homegrown talent have set a new benchmark for dance events in Nigeria.

The award will be presented at the upcoming BJAN Marketing Conference/Awards ceremony, where we look forward to honoring the visionaries behind Roadblock and sharing this milestone with industry peers, artists, and fans alike.”

According to Ishau, “We trust that this recognition will further amplify the impact of Roadblock and inspire even greater creativity within Nigeria’s Afrobeat and Afro Dance Music scenes. Thank you for your continued support in promoting the vibrant cultural landscape of our nation.”

Speaking on the development, Dr. Eiremiokhae said, “This landmark announcement has solidified Roadblock’s position as the country’s leading modern rave movement, pushing forward the new genre and culture known as ADM (Afro Dance Music) while redefining the future of nightlife, festival culture, and experiential youth entertainment across Africa.”

The formal crowning ceremony will take place during the BJAN National Conference, scheduled for November 28, 2025, in Lagos. The event will bring together top brand custodians, media executives, cultural influencers, and industry leaders as Roadblock receives these distinguished honours.

Dr. Eiremiokhae, expressed gratitude to BJAN and to the thousands of young ravers who have embraced the movement adding that “This award is a historic milestone, not just for Roadblock but for Nigerian youth culture. ADM is becoming a voice, a movement and an energy beyond anything we imagined. We are honoured to be seen, to be celebrated, and to lead the new wave of African dance experiences.”

This award precedes Roadblock’s highly anticipated December edition, themed: ‘RISE. REBEL. GET DETTY.

“Roadblock will continue to champion creativity, dance culture, and immersive youth experiences, setting new standards in festival production, stagecraft, and cultural storytelling,” he added.

Leadway Group, one of Nigeria’s foremost non-banking financial services providers, has received commendation from the Lagos State Government. This followed Leadway Group and Ouida’s successful hosting of the 2025 Lagos Festember Read-Along Initiative, a platform that spotlights and simplifies access to the city’s diverse arts, literary, and creative experiences.

This year’s edition brought together pupils from schools and learning centers across Lagos for an enriching reading session. It featured Guinness World Record holder, celebrated Chess Advocate, Founder of Chess in Slums Africa, Tunde Onakoya, alongside renowned Author and Publisher, Lola Shoneyin. They led the reading of her book, “Tunde Onakoya, The Chess Champion,” a story that explores his journey of grit, vision, and impact from the chessboard.

This strategic partnership aligns with Leadway’s mission to inspire learning, creativity, and community impact. The collaboration fosters cultural engagement and sparks curiosity, imagination, and a love of storytelling among young learners.
Speaking on the initiative, the Brand Communication Manager of Leadway Group, Niyi Abiola, said the Read-Along reinforces the Group’s long-standing commitment to education, creativity, and cultural preservation across generations.

“Through this Read-Along initiative, we want to reignite a love for books among children by connecting them with influential innovators, creatives, and storytellers. Seeing children connect deeply with Tunde Onakoya’s story reminds us why platforms like this matter. When young learners engage with stories, they imagine broader possibilities, build empathy, and strengthen critical-thinking skills. These are the foundations of productive future citizens. We are proud to contribute meaningfully to that journey.”

Representing the Lagos State Universal Basic Education Board (SUBEB), Mrs. Busola Williams commended Leadway Group and Ouida for launching an initiative that develops literacy. She emphasised that the program brings relatable Nigerian stories directly to children. She affirmed that these efforts align strongly with Lagos State’s commitment to improving reading culture and educational outcomes in public schools.

The initiative also helped the young learners engage with curated books, participate in guided discussions led by facilitators, and explore new ideas shaped by storytelling. These efforts aim to improve learning outcomes and expand access to knowledge for children across Nigeria.

Leadway’s involvement aligns with its broader educational interventions. These include previous book donation drives, youth empowerment programmes, and mentorship efforts such as the Pages to Places Initiative. This collaboration highlights Leadway Group’s commitment to strengthening literacy as a catalyst for critical thinking, innovation, and enduring national development.

About Leadway Group

Leadway Group is a leading non-banking financial services organisation in Nigeria with strong expertise in Insurance, Pension Administration, Investment, and other financial solutions. Backed by decades of industry leadership, Leadway continues to play a pivotal role in shaping Nigeria’s economic landscape. The organisation focuses on corporate social responsibility, community development, youth empowerment, and initiatives that promote national progress.

Amaka Obiefuna

Polaris Bank has continued its commitment to empowering the Nigerian girl-child through health education and essential support, with the successful distribution of female hygiene essentials to female students of Kuramo and Victoria Island Junior and Senior Secondary Schools, Lagos.

This initiative stems from Polaris Bank’s 2025 International Women’s Day celebration and forms part of our ongoing Adolescent Health and Hygiene Support Programme.

Through the Bank’s Girl-Child Support and Hygiene Education Initiative, the outreach aims to improve menstrual hygiene education, build confidence and dignity among young girls, and reduce school absenteeism resulting from lack of access to sanitary products.

Speaking at the event, Group Head, Customer Experience & Value Management, Polaris Bank, Mrs. Bukola Oluyadi, delivered a practical health talk to the girls, emphasizing the importance of maintaining proper hygiene during their menstrual cycle and in their daily lives.

She advised the students on essential personal care practices including the appropriate use of sanitary pads, the importance of daily use of clean underwear, and maintaining good body hygiene with deodorants and regular washing, especially during puberty when their bodies are developing.

“Your body is precious, and how you take care of it determines your confidence and wellbeing,” Mrs. Oluyadi told the students. “Good hygiene is not just about looking clean; it is about staying healthy, feeling comfortable, and showing up confidently in school and everywhere you go.”

She also encouraged the girls to cultivate life-long healthy habits, be informed about their bodies, and speak confidently about their health needs.

Also present at the distribution was the Non-Executive Director of Polaris Bank, Mrs. Subulade Giwa-Amu, who delivered a powerful motivational session on self-care, confidence, and self-presentation.

In her address, she reminded the girls that taking care of their appearance and hygiene contributes significantly to building a successful future.

“A clean girl equals a successful woman,” Mrs. Giwa-Amu affirmed. “Success is not only about your academic performance; it is also about how you present yourself. People see you before they know you, and first impressions always last. Loving yourself and caring for yourself should be a daily habit.”

She further encouraged the students to build confidence from within, stay self-assured, and always be conscious of their personal hygiene as young girls stepping into womanhood.
“Confidence starts with knowing who you are and being proud of yourself,” she added.

“When you take care of your body, you build respect for yourself, and others see that confidence reflected in how you speak, walk, and show up in the world.”

Polaris Bank’s support for the girl-child aligns with the Bank’s broader Sustainability and CSR strategy, which includes empowering young girls through education, access to essential learning materials, and social support systems that improve their health and academic performance.

The Bank believes that sustained investment in girls’ wellbeing ensures equal opportunity, reduces school dropout rates, and helps drive long-term social and economic development.

The female hygiene essentials distribution initiative directly addresses barriers that affect school attendance among adolescent girls, especially those who lack access to basic hygiene products.

By equipping students with knowledge and materials, Polaris Bank is helping to normalize conversations around menstruation, reduce stigma, and support healthier outcomes for young girls.

BY BLAISE UDUNZE

It is not only questionable but an aberration that a nation where over 38million Nigerians remain financially excluded, where trust in institutions is fragile, and where citizens are pressured under the weight of rising living costs, the use of Tax Identification Number (TIN) has been specified as the only option for their bank accounts operation from January 1, 2026 by the Federal Government of Nigeria.

In practice, the policy spearheaded by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, is rooted in the Nigerian Tax Administration Act (NTAA), and the intention can be understood in the areas of improving tax compliance, widening the tax net, and formalizing economic activities. But in practice, the directive risks becoming yet another well-meaning reform that punishes the wrong people, disrupts financial inclusiveness, and potentially destabilises an already stressed economy.

Yes, Nigeria needs tax reforms. Yes, the country must broaden its tax base. And yes, public revenues must increase to address fiscal pressures.

But compelling citizens to obtain TINs as a condition for operating bank accounts is the wrong tool for the right objective.

Below are five core arguments against the directive, and sustainable alternatives that actually strengthen tax compliance without endangering banking access or punishing informal earners.

The Directive Risks Deepening Financial Exclusion

Nigeria still struggles with financial inclusion. According to several official assessments, over 38 million adults remain outside the formal financial system. Many of them operate small, irregular businesses, survive through subsistence earnings, or depend on cash-based livelihoods.

The Federal Government’s compulsory TIN-for-bank-accounts policy is built on the assumption that every banked Nigerian is structured, organised, and tax-ready. This is false.

For instance, the rural market woman with N30,000 in rotating savings, the okada rider who deposits cash once a week, the petty trader using a mobile POS agent account, the retiring pensioner managing a small monthly income, and the migrant worker sends small remittances to their family. These are not tax evaders; they are survivalists.

Most operate bank accounts not because they run formal businesses, but because those accounts are essential to modern financial life: receiving transfers, accessing loans, participating in digital commerce, saving against emergencies, and avoiding the risks of moving cash in insecure environments.

By creating an additional bureaucratic barrier, the directive risks pushing millions back into a cash-dominant shadow economy, precisely the opposite outcome of what Nigeria’s financial-sector reforms are trying to achieve.

Bank Accounts Are Not Proof of Taxable Income

The NTAA clarifies that the TIN requirement applies only to taxable persons, individuals engaged in trade, employment, or income-generating activities.

But herein lies the problem: banks cannot determine who is “taxable” and who is not. Banks only see deposits and withdrawals. They do not audit the source or consistency of income. They are not tax authorities.

A student may run a small online clothing resale gig. A retiree may occasionally rent out farmland.

A dependent may receive cash support from a relative abroad. A job seeker may get intermittent gifts from family.

Who decides which of these scenarios qualifies as taxable? Banks? FIRS? Or will citizens be expected to self-declare under threat of account restrictions?

The result will be confusion, over-compliance, and mass panic with banks indiscriminately demanding TINs from everyone to avoid regulatory penalties.

This not only contradicts the spirit of the law but also exposes ordinary Nigerians to harassment and arbitrary compliance requirements.

The Policy Could Trigger Disruption, Panic Withdrawals, and Cash Hoarding

Whenever Nigerians perceive threats to their access to funds, the natural reaction is withdrawal and hoarding. We saw it during:

–       the 2023 Naira redesign crisis,

–       the 2016 TSA-bank consolidation tightening, and multiple periods of financial instability.

–

Telling citizens that bank accounts may face “operational restrictions” if they do not obtain a TIN creates a predictable behavioural response: people will rush to withdraw money.

This would be disastrous for a banking system already pressured by:

–       high interest rates,

–       inflation eroding deposits,

–       rising loan defaults, and

–       declining public trust.

Any government policy that unintentionally creates an incentive for citizens to flee the formal banking system is counterproductive.

The TIN Requirement Will Become a Bureaucratic Nightmare

Even if millions of Nigerians want to comply, the system is not ready. Nigeria’s administrative infrastructure does not have the capacity to process tens of millions of TIN registrations within months without:

–       long queues,

–       delays,

–       data mismatches,

–       duplicate records, and

–       systemic errors.

The National Identity Number (NIN)-SIM registration experience is a painful reminder of what happens when ambitious policy meets weak execution capacity.

–       Citizens spent months in overcrowded enrolment centres.

–       Millions were blocked from services.

–       Data inconsistencies persisted.

–       The economy suffered productivity losses.

If Nigeria could not seamlessly synchronise NIN and SIM data, how will it synchronise NIN, BVN, and TIN at a national scale without dislocation?

Forcing TIN Adoption Ignores the Real Problem: Nigeria’s Broken Tax Culture

The Federal Government’s real challenge is not that citizens lack TINs, but that they lack trust in how taxes are used.

A government cannot widen the tax net when:

–       tax leakages remain widespread,

–       citizens feel services do not match taxation,

–       corruption perceptions are high,

–       government spending lacks transparency, and

–       taxpayers do not feel seen, heard, or valued.

Coercion does not build a tax culture. Engagement does. Policy does not create legitimacy. Accountability does.

If the Federal Government wants Nigerians to freely participate in the tax system, it must earn legitimacy first, not mandate compliance through financial restrictions.

What the Government Should Do Instead: A Smarter Path to Tax Reform

Instead of enforcing a policy that may backfire economically and socially, the Federal Government can adopt four smarter, people-centred alternatives.

–       Automatic TIN Issuance Linked to NIN and BVN

Rather than forcing Nigerians to apply manually, the government should:

·       auto-generate TINs for all existing BVN/NIN holders,

·       send the TINs via SMS, email, and bank alerts,

·       allow self-activation only when needed for tax obligations.

This eliminates queues, delays, and confusion.

–       Build a Voluntary Tax Compliance Culture Through Transparency and Incentives

Tax morale improves when citizens see value. Government should:

·       publish annual audited reports of tax revenue use,

·       incentivise compliant taxpayers with benefits (priority access to government grants, credit scoring, etc.),

·       simplify tax filings for small businesses.

People comply more when they feel respected, not coerced.

–       Target High-Value Tax Evaders, Not Low-Income Account Holders

Nigeria’s real tax leakages come from:

·       large corporations shifting profits,

·       politically exposed persons,

·       illicit financial flows,

·       multinational tax avoidance strategies,

·       the informal “big money” class operating outside the banking system.

Instead of threatening small depositors, the government should strengthen:

·       FIRS intelligence and investigation units,

·       inter-agency data integration (CAC, Customs, Immigration),

·       beneficial ownership transparency enforcement.

The fight against tax evasion should focus on those hiding billions, not those depositing thousands.

–       Strengthen Digital Tax Platforms for Easy Self-Registration and Compliance

If tax registration becomes as easy as opening a social media account, compliance will rise naturally. The government should build:

·       a mobile-first tax app,

·       simplified online TIN retrieval,

·       one-click tax filing for gig workers and small traders.

Digital convenience can achieve what regulatory coercion cannot.

Reform Should Not Punish the Public

No doubt, tax reforms are needed urgently, but they must come with a human face, an intelligent, equitable, and aligned with the realities of ordinary Nigerians.

The TIN-for-bank-accounts policy, while well-intentioned, risks undermining financial inclusion, triggering economic instability, and imposing unnecessary burdens on millions who are not tax evaders but survival-based earners.

Good tax policy is built on trust, not fear. On transparency, not threats. On civic legitimacy, not administrative compulsion.

If the Federal Government truly wants to modernise Nigeria’s tax system, it must focus not on restricting citizens’ access to their own money, but on:

·       repairing tax trust,

·       digitising compliance,

·       targeting the real evaders, and

·       making participation easier, not harder.

Financial inclusion took Nigeria decades to build. We cannot afford a policy that carelessly reverses these gains.

A better tax system is possible, but it must start with the people, not with their bank accounts.

Blaise, a journalist and PR professional, writes from Lagos, can be reached via: blaise.udunze@gmail.com

Dangote Group has appointed renowned economist and former Central Bank of Nigeria (CBN) Director, Dr Mahmud Hassan as its Chief Economist, strengthening the Group’s economic advisory capacity at a time of heightened global and domestic market volatility.

In his new role, Dr Hassan will serve as the Group’s top adviser on economic strategy, market trends, and policy implications, reporting directly to the President of the Group, Aliko Dangote.

Dr Hassan brings more than 30 years of experience in economic policy formulation, financial sector regulation, and central banking. During his long career at the CBN, he held several senior positions, including Director of the Trade and Exchange Department and Director of the Monetary Policy Department. He also served as Secretary to the Monetary Policy Committee and as Special Assistant on Economic Policy and Research to the CBN Governor.

Beyond Nigeria, Dr Hassan has played a key role in advancing regional economic integration, working as a lead consultant to the African Union Commission on trade integration initiatives and the establishment of the African Monetary Fund.

Academically, he holds a PhD in Economics and an MSc in Energy Economics and Policy from the University of Surrey in the United Kingdom, as well as a BSc in Economics from Ahmadu Bello University, Zaria. He is an alumnus of the Harvard Kennedy School and holds professional certifications as a Bank Examiner and AML CFT Analyst.

Dr Hassan is a Fellow of several professional bodies, including the Nigerian Statistical Association, the Chartered Institute of Bankers of Nigeria, and the Compliance Institute of Nigeria. He is also a prolific researcher with extensive publications in macroeconomics, monetary policy, energy economics, and financial engineering.

In addition to his corporate role, he continues to serve as a visiting professor at several Nigerian universities and is currently the President of the Nigerian Association for Energy Economics.

His appointment underscores Dangote Industries Limited’s focus on deep economic insight and policy intelligence as it navigates evolving market dynamics across Nigeria, Africa, and the global economy.