General News
Gokada Elevates Nikhil Goel to CEO

Gokada, the Nigeria-based last mile delivery, logistics and transportation start-up has formally unveiled Nikhil Goel as its new CEO, as it continues to evolve from a riding-hailing company to becoming the leading food delivery, parcel delivery, and last-mile ecommerce fulfillment solution in Nigeria.

Goel first joined Gokada in 2019, bringing with him extensive experience in the global last mile logistics space, first in India as General Manager of unicorn food delivery start-up Zomato, and then as Head of New Verticals at SafeBoda in Kenya.
Goel’s transition to CEO is a natural progression as he has been responsible for leading the company since Gokada tragically lost its founder, Fahim Saleh, in July 2020.
In the past 12-months, Goel has helped Gokada increase its revenue by 10X and grow it’s delivery order volume by 100X, enabling the company to reach profitability.
As Gokada expands into new geographies and verticals, Goel’s strong track record of prior success in the sector is poised to be a big advantage for the company.
Gokada’s business model is a unique one. The company uses a ‘Business-in-a-Box’ approach to empower its drivers to build their own enterprises, which in turn provide key services to the city of Lagos.
This model enables Gokada to contribute to the cycle of business growth and job creation in Nigeria’s largest city. Gokada’s impact-oriented approach has been a core facet of the company’s strategy since its founding.
Commenting on Gokada’s current business model, Nikhil Goel said, “Gokada now serves thousands of individuals and businesses across Lagos. Our range of delivery solutions now span across a number of sectors such as food delivery, grocery delivery, parcel delivery, ecommerce fulfillment, and more. What makes me so proud of Gokada is the company’s Never-Give-Up attitude.
“Even in the midst of the pandemic which shortly followed the ride hailing ban, we were able to bring most of our pilots back to jobs while in parallel launching reliable logistics solutions to support businesses in Nigeria, which allowed them to continue to provide their services to their customers.”
While the company began as a ride-hailing service, it has since become a leader in food delivery, parcel delivery, and other “last mile logistics” solutions throughout Lagos. With a growing fleet of over 1,000 pilots and thousands of SME customers, Gokada plans to expand across other states in Nigeria in 2021.
In the last year, Gokada has had to contend with the okada ban in Lagos, the untimely death of its founder, COVID-19 restrictions on movement and the ‘EndSars’ protests in October 2020. The company has tackled each challenge with swift action – leading to accelerated growth.
“It is a real honour to continue Fahim’s legacy as CEO of Gokada.” continued Goel, “Fahim’s passion for entrepreneurship in Nigeria was infectious and inspiring. I was fortunate to have worked very closely with him.
“Together with Fahim’s family and Gokada’s investors, our incredible team here in Nigeria will continue to build the vision Fahim created to make a great impact on businesses and lives in Nigeria and beyond.”
Fahim’s elder sister, Ruby Saleh, who is now a Gokada board member, said: “Nikhil is a natural successor to Fahim as they worked so closely together to set the direction of the company’s current trajectory. Nikhil really understands Fahim’s mission in founding Gokada and I am fully confident in his ability to lead the company to great success.
Fahim had a passion for technology being used to scale access and create lasting impact and his brilliance lives on in Gokada. Nikhil has done an incredible job leading the company since Fahim’s passing and we believe he’ll continue to take Gokada forward, just the way Fahim envisioned.”
General News
Nigeria Police suspends tinted glass permit enforcement over court injunction

Nigeria Police Force has suspended nationwide enforcement of its tinted glass permit policy, hours before its scheduled rollout, in compliance with a Delta State High Court order.

Tinted glass permit
The policy, set for January 2, 2026, aimed to curb vehicle-related crimes but faced legal challenge from a private citizen against the Inspector-General of Police, the force, and Delta Police Commissioner.
An ex parte injunction issued in December 2025 restrained enforcement pending suit determination, prompting the hold announced by spokesperson Benjamin Hundeyin on January 1.
Police entered appearance, filed preliminary objections, and sought injunction vacation; hearing adjourned to January 20, 2026.
The Nigerian Bar Association condemned initial police plans as “executive recklessness,” accusing disregard for rule of law, while police insisted no permanent bar existed on statutory duties.
IGP Kayode Egbetokun reiterated adherence to law while prioritising public safety via intelligence-led strategies during proceedings.
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
General News
T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

T2 has reaffirmed its commitment to youth development and excellence through sport as the NCBC basketball team, adopted by the brand, emerged champions of the Bosun Tijani Foundation Youth Basketball Tournament held at the Alake Sports Complex, Ijeja, Abeokuta.

The tournament, organised by the Bosun Tijani Foundation in collaboration with the Ogun State Government and supported by several partners including T2, brought together 12 competitive teams from across Nigeria, positioning basketball as a powerful platform for youth engagement, discipline, and opportunity.
NCBC’s championship run reflected the values T2 seeks to champion, work ethic, intelligence, teamwork, and resilience. The team recorded commanding victories over Team Vision, Warlords, and Elevate before defeating the Ilupjeu Raiders 66–52 in a gripping final.
Commenting on the adoption of the team, Seni Ogunkola, Vice President, Brands and Communication, T2 stated “NCBC embodies the qualities we believe in, exceptional work rate, intelligence on the ball, discipline, and a hunger to excel. By supporting them, T2 is investing in potential, purpose, and the next generation of leaders on and off the court.”
The climax of the event saw His Royal Highness, Oba Adedotun Gbadebo, the Alake of Egbaland, alongside Nigeria’s Minister of Communications and Digital Economy, Bosun Tijani, present the trophy to the victorious team, drawing rapturous applause from spectators. The event was also attended by the Chief of Staff to Ogun State Governor Dapo Abiodun, Mr. Lere Olayinka, and the Ogun State Commissioner for Sports, Honourable Wasiu Isiaka, underscoring strong institutional support for youth-focused initiatives.
Through its participation in the tournament, T2 continues to position itself as a brand that goes beyond sponsorship, championing platforms that unlock talent, inspire ambition, and create lasting social impact for Nigerian youth.
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