Business
Dangote donates N1.2 billion ultra-modern business school edifice to Bayero University
THE business educational development of Northern Nigeria took a new turn at the weekend when the renowned businessman, Aliko DANGOTE donated a N1.2 billion ultra-modern business school edifice to the Bayero University, Kano, (BUK), first of such in the northern part of the country.
Christened Dangote Business School, the business mogul disclosed that talks are on to affiliate the school with the popular Harvard Business School, in the United States of America.
Speaking to a group at the opening of the School at the new site of the University, Dangote stated that no effort was spared to ensure that the school, building gate was up to international standard and one of the biggest in the sub-Saharan Africa.
Dangote said the Business School, which was commissioned by the Kano State Governor, Abdulzhi Umar Ganduje, was conceived as part of the contributions of the Nigeria’s business mogul, Alhaji Aliko Dangote towards encouraging world class entrepreneurship education at the highest level in Nigeria.
He described the School as best of its kind in northern Nigeria, adding that the School, as accredited by the Nigerian University Commission, will be the first business school to offer Doctor of Business Administration PhD. program in Nigeria.
Africa’s richest man added that the business school would ease sharing of business information globally and how future African leaders could advance their businesses as well as building capacity which would translate to boosting the continent’s economy.
Dangote traced the journey of the construction of the school to the days of Prof Attahir Jigawa as the Vice Chancellor of the University when he pleaded with him to help in the establishment of a business school that can accelerate entrepreneurship in the country.
He said he agreed to build the edifice because of his conviction that good quality education is the bedrock of meaningful development in the country and only a sound mind can facilitate development.
The school, according to him, will train African Business leaders by carrying out research on how Nigerians can do business in the very particular kind of environment and succeed.
On his part, the Vice Chancellor of the University, Prof. Muhammed Yahuza Bello said with the new business school, the university is now poised to serve the society better through training, research and services.
He said the university adopted the name “Dangote Business School”, because the name Dangote is internationally synonymous with innovation, entrepreneurship and successes in business and industry and pledged that the school will live by its name and tradition.
Explaining the uniqueness of the school, he stated that the new structure comprises 650 seating capacity auditorium, two theaters, four lecture halls, two libraries, incubation center, two cafeterias, 800kva soundproof generator and borehole among others.
In their separate remarks, Gov. Ganduje, represented by his Deputy, Prof. Hafeez Abubakar, his Jigawa State Counterpart, Gov. Muhammed Badaru Abubakar and the Emir of Kano, Muhammadu Sanusi II showered accolades on Alhaji Aliko Dangote for his several interventions in various sectors in the State and beyond, urging other wealthy individuals to emulate.
Kano Deputy Governor, Professor Abubakar who represented Gov Ganduje said Nigerians have a lot to learn from Alhaji Dangote whose wealth has no influence on his humility and is ever willing to do for his immediate environment and make the society better.
He pleaded with the University authority to grant Alhaji Dangote opportunity to lecture once in a while in the school, even if it’s an interactive session because he has a lot to offer beyond available in the text books as a successful business man.
Emir Sanusi said what Dangote has done is what he has always advocated for other Nigerians to do and that until Nigeria gets her education right a lot of things may not fall in place as expected.
He expressed his appreciation to Alhaji Dangote for rising up to the occasion each time he calls on him to do one thing or the other in the interest of the society.
Emir Sanusi urged other well meaning Nigerians to emulate him and contribute to the development of their society
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Sedabuk Oil and Gas Industry Limited has been listed among the 100 Safe Companies to Do Business With in Africa for 2025 by Emerging Elites Magazine International, in recognition of the firm’s integrity-driven operations, strict compliance culture, and employee-focused policies.
The award was presented to the Managing Director of the company, Engr. Adunola Oseni, at a ceremony attended by members of Sedabuk’s management and staff, alongside the editorial board and team of Emerging Elites Magazine in Lagos.
Presenting the award, the Editor-in-Chief of Emerging Elites Magazine International, Princess Olivia Chukwuma, said Sedabuk emerged after a “thorough, transparent and merit-based selection process” designed to identify African businesses that exemplify excellence and ethical conduct.
According to her, the 100 Safe Companies to Do Business With in Africa Award is an international initiative created to recognise indigenous African companies with proven records of integrity, safety, and best business practices, noting that awardees are continuously monitored and recertified every three years if standards are sustained.
The MD of Sedabuk Oil and Gas Industry Limited, Engr. Adunola Oseni, poses with the Certificate of Award shortly after the company was recognised among Africa’s 100 safest companies to do business with.
Chukwuma said Sedabuk was selected for its employee-centric culture, stressing that the company has no record of unpaid salaries since inception, maintains fair wages, and prioritises staff welfare through initiatives such as its “One Nutritional Meal a Day” programme, which she described as “rare and commendable” in Nigeria’s oil and gas sector.
She also cited the firm’s zero-tolerance policy for fraud, recalling a June 2022 incident in which a pump attendant was sanctioned for under-dispensing fuel while affected customers were compensated, an action she said “clearly reflects Sedabuk’s philosophy of integrity in service delivery.”
Other factors that earned the company the award, she said, include its reputation for honouring contracts, absence of contract-related court cases, strict adherence to safety standards, and voluntary compliance with regulatory obligations, taxes, and statutory dues without coercion.
“With these attributes and more, Sedabuk Oil and Gas has become a beacon of hope—a new breed of Nigerian company that is trustworthy, valuable, and safe to do business with,” Chukwuma said, as she inducted the firm into the Hall of Fame of the 100 Businesses Safe to Do Business With in Africa 2025.
MD, Engr.Adunola Oseni and staff of Sedabuk Oil and Gas Industry Limited during the presentation of a Certificate of Award by The Emerging Elites Magazine International, honouring the company’s adherence to safety standards and best business practices.
Responding, the Managing Director, Engr. Adunola Oseni described the recognition as “a validation of our core values and a strong motivation to do more,” adding that the award belonged to the entire workforce of the company.
“We will continue to uphold integrity, safety, and transparency in all our operations, remain committed to staff welfare and regulatory compliance, and set standards that others in the industry can emulate,” the Sedabuk boss said.
Sedabuk Oil and Gas Industry on Tuesday reinforced its reputation as a people-centred organisation as it rewarded outstanding employees with cash prizes totalling over ₦10 million at its 2025 Employee Recognition and Awards ceremony held in Lagos.
The event, which attracted over 300 staff members alongside top management officials from across the company’s divisions and subsidiaries, was organised to celebrate excellence, dedication, and loyalty within the Sedabuk workforce.
Speaking at the ceremony, the Managing Director, Engr. Adunola Oseni, described the occasion as one of the proudest moments in the company’s journey, noting that Sedabuk’s steady growth has been deliberately anchored on staff welfare and well-being. She said the company, from inception, made a firm commitment to put its people first, stressing that no organisation can truly thrive if its workforce is neglected.
Oseni disclosed that Sedabuk has never owed or delayed salaries since it commenced operations, describing prompt payment as a mark of respect and responsibility. She added that the company reviewed and increased salaries twice in 2025, improved wages across the board, and sustained its seven-year-old One-Day-Meal Programme to ensure employees do not work hungry.
The managing director announced cash awards spanning retail operations, station-based roles, marts, laundromats, and group-wide excellence categories, explaining that the initiative was not just about financial rewards but about recognising hard work and reinforcing a culture of appreciation. According to her, a loyal and motivated workforce remains the company’s most valuable asset.
She assured staff that management is entering 2026 with stronger welfare policies, better incentives, and more opportunities, with the aim of positioning Sedabuk as one of the best organisations to work in Nigeria. Oseni further urged employees to raise the bar in the coming year by working harder, smarter, and together.
Several employees emerged winners across key categories, including Pump Attendant of the Year, Station Captain of the Year, Mart and Laundromat Excellence Awards, and Special Recognition honours.
The highlight of the ceremony was the Group Chairman’s Spirit of Excellence Award, where Adediran Segun Aderonke emerged Sedabuk Star of the Year with a ₦2 million prize, while Ibiloye Olayinka won the Most Outstanding Employee of the Year award with ₦1 million.
In his remarks, the Group Head, Human Resources and Administration, Mr. Adeleye Olusanjo, lauded the managing director for her consistent leadership and unwavering commitment to staff welfare, assuring employees that more incentives and improved support structures are already being planned for 2026.
The event was attended by senior executives, including the General Manager, Finance and Strategy, Mr. Aderoju Sola; the Group Head, Operations and Logistics, Mr. Rufus Enioshunwa; and the Group Head, Corporate Audit, Risks and Ethics, Mrs. Tolulope Omotola, among others.
Established in 2018, Sedabuk Oil & Gas Industry Ltd operates over 12 petrol stations across Lagos, Ogun, and Oyo states.
The Securities and Exchange Commission (SEC) has raised a red flag over two cryptocurrency products — Zugacoin and Samzuga GPT — warning the Nigerian public to steer clear of them.
In a strongly worded statement issued on Wednesday, the apex capital market regulator described the digital assets as unauthorised crypto schemes with no legal backing or regulatory approval in Nigeria.
According to the Commission, neither the promoters nor issuers of Zugacoin and Samzuga GPT are registered to operate in any capacity within the Nigerian capital market.
“Preliminary investigations revealed that Zugacoin and Samzuga GPT are meme coins,” the SEC said. “Meme coins generally have no use case, intrinsic value, or tangible projects backing them.”
The regulator added that the only perceived value of such coins often stems from aggressive promotion by their creators or community hype, making them prime candidates for “pump-and-dump” fraud — a deceptive scheme where promoters artificially inflate the price of a coin through misleading information before dumping it at peak value, leaving unsuspecting investors with massive losses.
“Once the promoters dump their coins and stop hyping the coin, the coin price typically falls and investors lose money,” the SEC warned.
The Commission urged members of the public to avoid engaging in the purchase or promotion of Zugacoin, Samzuga GPT, or any similar crypto assets, noting that anyone who chooses to invest in such schemes does so entirely at their own risk.
To further safeguard investors, the SEC advised the public to always verify the legitimacy of any virtual, crypto, or digital assets and their promoters through its official platforms:
https://home.sec.gov.ng/fintech-and-innovation-hub-finport/registered-fintech-operators/
www.sec.gov.ng/cmos
This warning is the latest in the SEC’s ongoing crackdown on fraudulent digital asset operations targeting unsuspecting Nigerians amid a rise in crypto-related scams.
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