Business
Dangote Refinery Empowers 200 Youths in Host Community through Skills Acquisition Training Programme
Published
6 years agoon
By
adminAbout 200 youths from Ibeju-Lekki community in Lagos State have graduated from various skills acquisition programme organised by Dangote Petroleum Refinery as a way of transforming society and providing employment opportunities for the youths.
The programme was put together by Dangote Petroleum Refinery and facilitated by the National Directorate of Employment (NDE) and the Nigerian Content Development and Management Board (NCDMB).
The skills acquisition programme, which cut across a wide range of vocational skills such as plumbing, welding, iron bending, auto mechanics and electrical works, marked the successful completion of the first batch trainees.
The programme marks another level of Dangote Petroleum Refinery’s intervention as it is targeted at providing vocational skills to the teeming youth population in its host communities.
Speaking at the graduation ceremony, Dangote Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr. Devakumar Edwin said the initiative was a demonstration of Dangote Refinery’s commitment toward capacity-building and youth empowerment in the country.
Edwin said the programme was another level of Dangote Petroleum Refinery’s intervention targeted at providing vocational skills to the teeming youth population in its host communities. He said the programme was also aimed at making youth from its host communities employable.
He said the 200 youths from Ibeju-Lekki community in Lagos State graduated from various skills acquisition programmes put together by Dangote Petroleum Refinery as a way of transforming society and providing employment opportunities for the youths.
He urged the graduands to be more focused and diligent in whatever they do and serve as frontier to others.
“With the tools given to you today, you can be good ambassadors of this great community. So many graduates outside are still searching for jobs, but yours is different because you have been trained.
“We are going to give you our maximum support to ensure you are employed in our operations, as our host communities remains our priority. These skills given to you today, can take you to various places and attract better opportunity if managed effectively,” he said.
Edwin advised the graduands to commit themselves to continuous learning and development as the business environment changes frequently, and promised to assist them to succeed.
According to him, as the petroleum refining & fertiliser complex comes on stream, it is expected that will be a population boom in the surrounding communities, who requires the services of the trainees.
He expressed optimism that the host communities will experience a turnaround in their fortunes very soon.
Also at the event, Gov. Babajide Sanwo-Olu of Lagos State promised to employ the 200 youth of Ibeju-Lekki community who graduated from various skills acquisition programmes in the Lekki Free Trade Zone.
Sanwo-Olu, represented by Dr. Tunde Sodade, the Managing Director of Lekki Free Trade Zone Worldwide, said the governor was passionate about employing the youths through skilled vocational training.
He lauded the Dangote Group for the initiative, and urged the newly graduated youth to be good ambassadors to the state and their community.
“We will ensure that all of you that graduated today, will be employed at the free zone because we believe that what you learnt will be useful for the development of the zone. I urge you all to be good examples to others and always demonstrate better character and integrity in what you do,” Sanwo-Olu said.
He urged the graduands to register their names with the Lekki Free Trade Zone management, so they could be employed by all companies within the zone.
The State Coordinator of the Nigerian Directorate of Employees (NDE), Mrs. Serena Edward lauded Dangote group for pioneering the skills vocational training for the youths in the community.
Edward said the programme which started six months ago, had today recorded tremendous success among the 200 graduands.
“We encountered some challenges in the course of the programme, which the community elders intervened. The programme has transformed the students to do better and also improved their standards of creativity on the jobs leant.
“Today, the programme has facilitated the students to open an account with a bank as a sign of seriousness towards business. Dangote has given the community youths useful tools to work with and advised you use it diligently,” she said.
Oba Olumuyiwa Ogunbekun, the Oni-Lekki of Lekki encouraged the youth to fully utilise the skills they acquired. He commended Dangote Refinery for its unwavering support to community development initiatives in the state and emphasised the need for the youth to work hard.
Ogunbekun also urged Dangote to assist in employing the trained youths in other to foster youth mutual relationship in the community and make them practice what they learnt
He also commended Aliko Dangote for bringing development to the communities through its investment in refinery and petrochemicals and urged other Nigerians of means to invest locally and lift the economy of the people at the grassroots.
Mr. Musa Ajibola, an instructor, urged companies to follow what Dangote had done, while urging companies to make the training one year programme than six months. He said the training had broadened the knowledge of the youths toward improving their knowledge.
One of the students, Balogun Fuad said the programme was laudable, adding that it came at the right time. According to him, most youths in the area do not have meaningful livelihood, while urging Dangote and others to employ them.
Another student, Balogun Owolabi said the programme had created opportunities for most of the youth. He added that this could make them independent in the community.
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Business
Sedabuk Oil and Gas Ranks Among Africa’s 100 Safest Companies
Published
2 months agoon
January 13, 2026Sedabuk 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.
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Business
Sedabuk Oil & Gas Rewards Staff with Over ₦10m, Deepens Welfare Culture
Published
2 months agoon
January 7, 2026
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.
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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.
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SEC Flags Zugacoin, Samzuga GPT as Fraud Risks, Warns Nigerians
Published
9 months agoon
June 20, 2025By
adminThe 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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