Business
Dangote Donates N1.2 Billion Structure for Business School in Bayero University
In his avowed commitment to encouraging entrepreneurship in the country as a way out of the economic doldrums, Nigeria’s business magnate, Aliko Dangote, is donating another N1.2 billion structure for running of business school in Bayero University, Kano (BUK).
The building which will be handed over to the university management formally next month is a state of the art edifice and will effectively mark the commencement of study of business in the institution and the first in the Northern part of Nigeria.
It would be recalled that Dangote is also building a similar business school in the University of Ibadan and would be commissioned anytime soon.
The Business Schools being undertaken by the Aliko Dangote Foundation, according to the President of Dangote Group is part of the efforts to build entrepreneurship in the sub-consciousness of Nigerians through education at the highest level.
He explained that the situation Nigeria has found itself necessitates revisiting school curriculums to reflect the new consciousness of entrepreneurship and manufacturing and efforts made to encourage study of business especially at the second level in the university.
When visited, the building which has been completed and awaiting commissioning, is a modern Business School within the premises of Bayero University, Kano. It comprises of auditoriums, lecture theatres, offices, classes, library, and complete electrical fittings and cooling system, among others.
Speaking on the gesture by Africa’s richest man, the BUK Dean of Faculty of Dangote Business School, Professor Murtala Sagagi said that there was no Business School in Bayero University, Kano (BUK) until Dangote started the project.
“We have an ambition to have a business school and we could not go ahead with the project because there was no befitting structure to accommodate the kind of dream we had but with Dangote coming in about five years ago and that was when the University decided to say this is the time to have the business school,” he said.
He noted that Kano is the second most vibrant commercial city in the country after Lagos, saying “we have industries, banks, different type of businesses, micro, small, medium and large enterprises.”
“We are having large scale investors from China, Spain and all over the world coming to Kano to make investment and this means the State needs an institution, a kind of faculty, school that can able to develop the capacity not only the management of those organisation but those people who are working in different units or department within the organisation.”
“Looking at the public sector, we have limited capacity in budget, project management, which has led to things not moving well in the country. With our unique disadvantage here in Northern Nigeria, the South is far ahead in terms of capacity level, for example there are about 20 universities in Ogun State, while in Kano State we have only three Universities and all of them owned either by the state government or federal government. It is just of recent we are getting private investors coming in.”
Sagagi pointed out that all these show that there is a need for massive capacity building in Management, Finance, Marketing, E-Business, and particularly entrepreneurship and innovation in this part of the country and also for the entire country.
He noted further that “Bayero University has a unique reputation in the whole country and this explains why in the last National Institution Accreditation exercise, BUK became the best University in the Country, not because we have the best of everything but because of the quality of our curriculum, faculty and most importantly the quality of the students.”
The dean added that “the Dangote Business School is a great development and we hope that this business school will not only be seen as a Kano business school or Northern business school because I can tell you about 40 per cent of our students are not from Kano and more than 22 per cent of our student are from Southern part of the country.”
He urged other eminent Nigerians with wealth to emulate Dangote and contribute to the education advancement of the nation as a way of boosting the country’s economic development pointing out that “if Nigeria is blessed with two of Alhaji Dangote, Nigeria will witness unprecedented economic boost in terms of job creation, employment and poverty reduction.”
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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