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FG To Consider Death Penalty For Rail Vandals – Amaechi

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The federal government says it may consider a death penalty for vandals of critical railway equipment in the country.

Rotimi Ameachi, minister of transportation, stated this on Monday, during a town hall meeting on “protecting public infrastructure” in Abuja.

On May 8, the Nigeria Railway Corporation (NRC) announced the arrest of two persons suspected of vandalising rail tracks along the Kaduna-Zaria rail line.

Few days later, suspected vandals were arrested for destroying and carting away tracks and rail rods laid on a section of the Warri-Itakpe rail line.

On May 16, the Kaduna state police command said it arrested five suspected rail-trail vandals at Dalle Village of Jema’a LGA and recovered two trucks loaded with locomotive railway sleepers.

After the Warri-Itakpe incident, the senate asked the federal government and security agencies to ensure that those caught vandalising rail lines across Nigeria are given maximum punishment without a fine.

”I am not quantifying the material cost; what I am quantifying is the lives that will be lost,” Ameachi said at the town hall meeting.

“Imagine that a driver of a rail track is driving and suddenly bumps into a track that has been severed, what happens? It will derail.

“If it derails, can you quantify how many passengers that would have died in the course of one man thinking he is making money?

”Some people have recommended that since these people are killing people, if an accident happens people will die, so we should go back to the National Assembly and pass a law that does not only criminalise the action but consequences should be death.”

The minister also said track vandalism is carried out in collaboration with foreign partners.

”In Jos, they arrested a Chinese company that bought those tracks from them, went to court and found them guilty and fined them N200, 000. So there must be consequences as N200,000 is not enough,” he added.

“Lagos and the Western District recorded one, North Western 31, Northern District 10, North Eastern 43, Eastern 36 and North Central 50 incidents of vandalism. Abuja-Kaduna has 13, Warri-Itakpe 2 and Lagos -Ibadan nill.”

Amaechi, who frowned at traders selling items on railway tracks, especially in Port Harcourt and Lagos, advised individuals engaging in the practice to desist or face the penalties.

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Leadway Launches Lifestyle Fair To Empower Young Entrepreneurs

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Leadway Group has announced Media Dash 3.0, featuring the first-ever Leadway Lifestyle Fair, a physical engagement platform designed to give young Nigerian SMEs a more robust platform to showcase their brands, connect with target markets, and gain visibility that will help them scale their businesses.
The two-day event will take place from Saturday, 27th December to Sunday, 28th December at L’eola Hotel, Maryland, Lagos.
It will feature brand showcases, vendor exhibitions, SME spotlights and partnerships, live music, youth engagements, and a kiddies’ corner for family activities.
Media Dash is one of Leadway’s frontline support initiatives, spotlighting young Nigerian entrepreneurs by freely ceding its flagship advertising assets and media slots to help businesses build awareness and scale.
Past editions have empowered youth-owned enterprises by promoting their brands nationwide on digital and offline channels at no cost, helping entrepreneurs increase their reach and engagement across audiences.
Building on this, Media Dash 3.0 evolves beyond visibility and media slot campaigns to deliver an immersive lifestyle and community brand experience.
This edition introduces the Leadway Lifestyle Fair, designed to drive even greater impact and strengthen the brand’s strategic positioning as an SME-empowering partner.
On behalf of Leadway Group, Olusakin Labeodan, the Chief Executive Officer of Leadway Pensure PFA, spoke about the initiative’s goal.
He said: “Media Dash initiative aligns with our well-programmed support for Nigerian SMEs. With the newly introduced Lifestyle Fair, this offer small businesses a wider platform to physically connect with new customers and boost their visibility, all at no cost. Our entire business ecosystem is built around providing support and succour to businesses and individuals, and this affirms that commitment.”
At the Lifestyle Fair, participating SMEs get free exhibition space to showcase and sell products to a larger, engaged audience. Entrepreneurs interested in exhibiting can apply through Leadway Holdings’ Instagram page by Monday, 15th December 2025.
Leadway is a financial services group with a strong market presence and expertise in insurance, pensions, asset management, trusteeship, and investment solutions.

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NIA Admits Four Members Into Governing Council

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The Nigerian Insurers Association (NIA) has inaugurated four new members to its Governing Council.
They are: Mr. Gboyega Lesi, Managing Director of Leadway Assurance Company Limited, Mr. Andrew Ikekhua, Managing Director of NEM Insurance Plc, Mr. Olalekan Oyinlade, Managing Director of emPLE General Insurance Limited, and Mr. Tunde Mimiko of SanlamAllianz Life Insurance Limited.
These members, having been admitted officially into the NIA Governing Council during the Council meeting recently in Lagos, will serve a one-year tenure.
NIA Chairman, Mr. Kunle Ahmed, congratulated the new council members and expressed confidence in their abilities, while urging them to represent the association effectively and drive its growth and development.
Meanwhile, Mrs. Folashade Joseph, Mr. Bode Opadokun, Mr. Femi Asenuga and Mr. Lawrence Nazare have exited the Governing Council of the NIA, having completed their tenures.

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PenCom Reads Riot Act To Pension Defaulters, Trains Recovery Agents

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The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has announced that PenCom has ushered in a new era of zero tolerance for pension defaults with accredited Recovery Agents serving as the cornerstone of Nigeria’s social contract with its workers.
Ms. Oloworaran represented by the Commissioner Inspectorate of the Commission, Hon. Samuel Chigozie Uwandu stated this during an intensive Training Workshop for accredited Recovery Agents held in Lagos on 2 December 2025. The training marked a renewed nationwide compliance push to recover outstanding pension contributions and penalties from employers who persistently violate the Pension Reform Act (PRA) 2014, which mandates remittance of pension contributions within seven working days of salary payment.
The workshop, attended by enforcement officers, resource persons and pension industry stakeholders, outlined new strategic initiatives that will strengthen enforcement efforts, deepen inter-agency collaboration, and empower recovery agents to tackle non-remittance of pension contributions with greater precision and authority.
Speaking further at the workshop, the Director General reaffirmed PenCom’s commitment to enforcing strict compliance across the pension industry.
PenCom currently engages Recovery Agents to audit defaulting employers, calculate outstanding pension liabilities, issue demand notices, and facilitate recovery of unremitted pension contributions. Recovery Agents’ work has been instrumental in enforcing compliance since the start of the recovery exercise in 2012.
PenCom data shows that the Commission has cumulatively recovered ₦32.27 billion, comprising ₦15.87 billion in principal contributions and ₦16.40 billion in penalties from defaulting employers between June 2012 and September 2025.
In addition, PenCom recorded significant compliance gains in the third quarter of 2025 alone, recovering ₦2.06 billion (₦775 million principal and ₦1.27 billion penalties) from 49 defaulting employers, reflecting a sustained surge in enforcement activities.
Ms. Oloworaran told the workshop participants that despite the successes of the Contributory Pension Scheme (CPS), persistent defaults by employers threaten the fundamental purpose of the system.
“Every unremitted Naira represents a broken promise to a Nigerian worker,” she said. “This Commission has moved from promoting voluntary compliance to mandating enforced compliance. The era of impunity is over.”
She recalled that the appointment of Recovery Agents followed a competitive, transparent selection process, reflecting PenCom’s confidence in their capacity, professionalism, and integrity. She reminded participants that they are the “operational arm of PenCom’s enforcement will” and are critical to PenCom’s strategy to safeguard workers’ retirement savings.
The Director General outlined several bold initiatives forming PenCom’s expanded enforcement architecture, including forming stronger partnerships with key regulatory bodies such as the Corporate Affairs Commission (CAC), Federal Inland Revenue Service (FIRS) and other relevant agencies. Under these partnerships, employers’ compliance with the PRA 2014 will influence their standing with these bodies. The DG noted that defaulting employers will face consequences beyond PenCom, as non-compliance may affect business operations, access to government services, and regulatory privileges.
PenCom DG also brought to the attention of the participants the newly executed Memorandum of Understanding (MoU) with the Independent Corrupt Practices and Other Related Offences Commission (ICPC), which empowers ICPC to hold the management of recalcitrant employers personally accountable, making pension defaults a matter with potential criminal implications.
“This MoU is a decisive step to give teeth to our recovery efforts,” the DG stated. “No employer should imagine that withholding workers’ pensions is without consequences.”
The training modules delivered at the workshop were designed to deepen RAs’ skills in employer audit and compliance assessment; liability computation and negotiation; documentation and evidence management; engagement protocols under PenCom’s new enforcement architecture and use of enhanced digital compliance tools and reporting systems.
Participants were also briefed on PenCom’s internal reforms aimed at ensuring faster processing of reports, better coordination between departments, and stronger monitoring of ongoing recovery activities.
The DG concluded her remarks with a powerful charge to the Recovery Agents:
“You are the ambassadors of this new resolve, an Act with unwavering ethical standards, exercise professional care, and be relentless in securing what is rightfully due to the Nigerian worker.”
She said that PenCom stands fully behind the agents and will provide all necessary institutional support to ensure that every kobo owed to Nigerian workers is recovered.
The workshop ended with a renewed sense of mission as PenCom and its accredited Recovery Agents prepare to intensify nationwide compliance activities throughout 2026 and beyond.

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