Business
Billionaire Daughter Rahma Indimi shares how she is fighting Poverty, Inequality
Rahma Indimi, a Director at Oriental Energy Resources and Founder of Yakolo Indimi Foundation, who is driven by an unwavering passion and determination to support the less privilege gave an insight into how she is giving succour and saving the lives of thousands of internally displaced persons (IDPs) in the North-East via her foundation, aptly titled; Rahma Indimi: A Look at The Thousands of Lives saved and improved by her Yakolo Indimi Foundation.
On the making of the NGO, Yakolo Indimi Foundation, Rahma said
“I grew up watching the generosity of my father, Dr. Muhammadu Indimi, OFR. He is always trying to solve problems for people. He speaks often about poverty and how it can be diminished. He instilled in us the awareness of heartbreaking issues in society. Like every parent, he worked hard to make his family comfortable. But he taught us to adapt to different situations. So, the idea of the Yakolo Indimi Foundation was born from lessons shared by my father. I saw the smiles on the faces of those helped by my daddy. I wanted to be like him, helping people. Before Yakolo Indimi Foundation was created, my team and I had been investing in humanitarian activities. Empowering people is one of my greatest motivations. It brings immense happiness and peace in my heart.
On why Yakolo Indimi Foundation seem to be focusing on the northeast geo-political zone
“Presently, the impact of the insurgency in the North-East is overwhelming, particularly in Borno and Adamawa. The people need all the help they can get. Although the IDPs are in other states, the conditions in the North-East are dire. To make things worse, insecurity cuts off access to many parts of Borno and that makes it impossible to save thousands of children and families. In spite of the long distance, my team and I do not hesitate to go home again and again to help our people. For example, the Muhammadu Indimi Foundation created by my father developed homes for 100 households. The Yakolo Indimi Foundation reached out to the women and gave them sustainable means of earning revenue. Several IDPs have been given sewing machines and flour processing machines. They also received training as well as start-up finances. Little by little, all IDPs will be empowered. That is the vision. Periodically, the Foundation visits to conduct surveys on the needs of IDPs, in collaboration with the office on Sustainable Development Goals, SDGs, in the North-East. Additionally, the Yakolo Indimi Foundation recently started a food security project. We equip beneficiaries with modern farming skills and provide an environment to do so. Livelihood is restored when they can sell produce and keep their families nourished.”
Yakolo Indimi Foundation’s intervention in the health sector
The Foundation collaborates with a medical team during its outreach. We support the team with medicine. The recent trend of increased pregnancies in the IDP camps was a concern. You could easily come across a woman with 20 children and you would see children roaming the streets. So, the Foundation sensitized the women on birth control. It was successful because some of the women showed interest. The health challenges in the North-East are overwhelming, but not insurmountable. We believe partnership would increase and accelerate impact.
This issue also includes a special feature to celebrate Versace’s 40th anniversary of Iconic world of class and to celebrates this milestone, the magazine had an exclusive interview with the brand’s Vice President and its founder’s little sister, Donatella Versace who joined the company in the creative department in 1988 and there began her distinctive commitment and influence on the brand. Following the tragic murder of Gianni in 1997 in Miami, Donatella has shown redoubtable strength of character and has managed the company up to the present day.
Plus, Donna Wallace, a Jamaican-Briton and proprietress of Oxford Manor College, Abuja who sold her London home to investment in Nigerian Education. Wallace in this interview with Pleasures Magazine shared her start-up experience and why Nigerians being one of the most intelligent races in the world don’t need to pack their bags and pay millions of Naira abroad to get their children educated.
And as usual, the magazine is incomplete without your usual light stories and other human interest narratives. Read the interesting tourist sites in Kenya, these and many more reports combine in making the magazine a collector’s item and reading pleasure for all and sundry.
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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