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Sunmonu, Aig-Imoukhuede Appointed Petralon Energy Board Chairman, N-E Director

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Aigboje Aig-Imoukhuede, Mutiu Sunmonu, Ahonsi Unuigbe at the Inaugural Board Meeting with Mutiu as Chairman
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Petralon Energy has announced the appointment of Mutiu Sunmonu and Aigboje Aig-Imoukhuede as chairman and Non-Executive Director (respectively) to the Board of Directors of Petralon Energy Limited.

Sunmonu was the former Managing Director of Shell Petroleum Development Company of Nigeria (SPDC) & Country Chairman of Shell Companies in Nigeria with an oil & gas career spanning over 36 years in Nigeria, United Kingdom and the Netherlands.

He was the pioneer responsible for mobilizing the private sector to set up the National Business Council for Sustainable Development (NBCSD) and currently serves on the board of various organizations across multiple sectors of the economy including Real Estate, Construction, Oil & Gas and Education.

Sunmonu is the recipient of many awards including; Sustainability Champion (2014 SERA Awards) and Commander of The Order of The Niger (CON). He is a Fellow of the Nigeria Society of Engineers (FNSE) and a board member of Imperial Homes (Formerly GT Homes), and Julius Berger Nigeria.                                                            

Aig-Imoukhuede is the Founder and Chairman of Coronation Capital – a private equity and propriety investment firm targeting the financial services, digital technology, upstream oil & gas and real estate sectors in Sub-Saharan Africa, operating out of Mauritius.

He is the President of the National Council of the Nigerian Stock Exchange and Chairman of Wapic Insurance Group, an emerging West African Underwriter.

He also serves on the Board of the Africa Finance Corporation.

Aig-Imoukhuede has had a long and successful career in the banking industry at both Guaranty Trust Bank Plc where he rose to Executive Director and Access Bank where he led the Access Bank transformation team.

His leadership witnessed the transformation of the institution into one of the largest Banks in Nigeria.

Aig-Imoukhuede is the recipient of several awards and National Honours including African Banker of the Year (African Banker), West African Entrepreneur of the Year (Ernst & Young) and Commander of the Order of the Niger (CON).

Commenting on his appointment, Sunmonu said, “I am honored to serve on the board of an indigenous oil and gas company dedicated to global best practice. I look forward to working with the Petralon board and management team as they work towards their vision of collective energy and value for all.”

Also, Aig-Imoukhuede commented thus, “I am excited by this opportunity to play a role in building a world class leading indigenous E&P company. I am looking forward to contributing to Petralon’s continued success with a focus on delivering tangible results.”

Ahonsi Unuigbe, Founder & CEO of Petralon Energy, added: “Mutiu’s 36 years of extensive experience in the oil and gas sector will add a valuable perspective to our Board of Directors. We appreciate his willingness to serve as the Chairman and look forward to benefitting from his counsel.

“We are equally pleased about Aigboje’s appointment and the decades of experience he brings to bear. We have no doubt that the board can draw on his vast experience in building successful businesses from start-ups, will provide tremendous benefits to the board and the organisation as a whole.”

Petralon Energy is an indigenous exploration and production company in Nigeria with regional expansion plans across Africa.

The Company, which has already raised over $50million to fund its immediate growth plans, is set up to acquire, develop, and operate assets in the oil and gas sector.


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FG to Empower Artisans for Global Value

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The Federal Government has reaffirmed its commitment to grassroots artisans to upgrade local skills to meet both national and international benchmarks and compete in the global markets.

Speaking recently during the Skill-Up Artisans (SUPA) zonal rally, Dr Afiz Ogun, director-general of the Industrial Training Fund (ITF), stated that the initiative is designed to professionalise the sector.

The rally was designed to raise awareness of the programme throughout the North-West region.

The rally saw a diverse turnout of professionals, including those in construction and engineering such as welders, fabricators, plumbers, and carpenters.

Those in the technical service comprised of electrical installers and automobile mechanics, while those in the creative and digital space were fashion designers and ICT technicians.

Represented by Muhammad Aminu, the former zonal director of the ITF, Ogun explained that the SUPA scheme seeks to convert traditional craftsmanship into sustainable livelihoods.

He emphasised that the goal is to transform artisans from job seekers into employers of labour.

“We are calling on artisans across the North-West to embrace the SUPA programme,” Ogun remarked. “This is an opportunity to enhance productivity, increase earnings, and ensure our workforce can compete on a global stage”.

According to the DG, the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, focusing on restoring dignity to manual and technical work.

He noted that a competent artisan class forms the essential foundation of a productive economy.

He further called upon traditional rulers, community leaders, and trade associations to assist the ITF in disseminating information about the programme to ensure high participation rates.

“We are here to engage the technicians, the tradespeople, and the young talents who serve as the backbone of our economy,” he added.

Nancy Ekong, director of the Technical Vocational Skills Training Department, highlighted the programme’s recent successes. She revealed that over 30,000 artisans were trained and upgraded during the initial SUPA cycle in 2025.

The ITF remains optimistic that the continued expansion of SUPA will bridge the existing skills gap in Nigeria’s industrial sector.

 


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Bill Gates Pays Ex-Wife $8bn Charity Payout in Divorce Settlement

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American billionaire businessman Bill Gates, has paid $8 billion to his ex-wife, Melinda French Gates’ charity, five years after their split over his affairs with other women.

Bill Gates Pays Ex-Wife $8bn Charity Payout in Divorce Settlement

Bill Gates and Melinda French Gates

Gates made the $7.88 billion donation to Melinda French Gates’ Pivotal Philanthropies Foundation in 2024, The New York Times revealed.

The sum, one of the largest public donations ever recorded, was revealed in a new tax filing, which shows the first specific financial terms of the couple’s high-profile split in 2021.

Melinda resigned from The Bill and Melinda Gates Foundation in May 2024. Despite leaving the charity, she suggested her ex donate $12.5 billion to a new charitable foundation she intended to create.

A representative for Pivotal told the Times the $12.5 billion agreement has been fulfilled, and the nearly $8 billion donation was part of that agreement.

Melinda set up her Pivotal Philanthropies Foundation in 2022, the year after the divorce. At the end of 2023, it had $604 million on hand.

The billionaire pair split after 27 years together in 2021, embarking on what is considered the most expensive divorce settlement in the world. Melinda later received approximately $76 billion in assets.

Months later, details of Gates’ affair with a Microsoft employee were exposed.

The woman penned a letter to the company’s board in 2019, divulging details about the fling which began in 2000 and demanded that his wife, Melinda “read it”.

Microsoft’s board investigated the women’s claims and deemed the relationship “inappropriate”, the Wall Street Journal reported at the time.

Gates suddenly quit the board in March 2020 while the investigation was still in progress – and before the board could make a formal decision on the matter.

Two further bombshell reports were then revealed, alleging Gates had routinely hit on staffers at Microsoft and at the philanthropic foundation he founded alongside his wife.

A separate shocking report claimed that Gates had sought marriage advice from Jeffrey Epstein, with whom he reportedly shared a “close” relationship, having first met the convicted sex offender in 2011.

Gates’ and Epstein’s friendship first came to light in 2019, months after Epstein killed himself in his Manhattan jail cell while awaiting trial on charges of child sex trafficking.

The two men reportedly spent time together on multiple occasions, flying on Epstein’s private jet – dubbed the “Lolita Express” – and attending late-night gatherings at his Manhattan home.


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FG Introduces Reusable Textbooks, Uniform School Calendar to Cut Education Costs

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Federal Government has rolled out a new policy to reduce education costs, enhance learning outcomes, and promote environmental sustainability through the nationwide adoption of reusable textbooks.

FG Introduces Reusable Textbooks, Uniform School Calendar to Cut Education Costs

Minister of Education, Dr. Maruf Tunji Alausa

Jointly announced by Minister of Education, Dr. Maruf Tunji Alausa, and Minister of State for Education, Professor Suwaiba Sa’id, the policy introduces durable, high-quality textbooks designed to last four to six years, according to a statement signed by Boriowo Folasade, Director, Press and Public Relations at the ministry.

The policy bans the bundling of disposable workbooks with textbooks, enabling books to be shared among siblings and reused across academic sessions, a move expected to significantly cut recurring expenses for parents and reduce school-generated waste.

It also establishes a uniform academic calendar across the country and streamlines graduation ceremonies to terminal classes only, limiting them to Primary 6, JSS 3, and SSS 3.

Furthermore, the policy tightens assessment, selection, and quality assurance processes for instructional materials, introduces structured revision cycles to ensure only substantive content changes are made, and limits the number of approved textbooks per subject in line with international best practices.

These measures are aimed at ending frequent, cosmetic textbook revisions that compel parents to buy new books annually without meaningful improvements, while the Nigerian Educational Research and Development Council (NERDC) will continue to oversee textbook quality assurance as the Federal Ministry of Education pursues broader education reforms.


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