News
Ikeja Electric Reacts to Labour Picket On Facilities
Ikeja Electric has condemned the picketing of its facilities by Labour Unions, warning that consumers living within its network could experience long periods of darkness if the disruptive protests persists.
The poor supply of power currently being experienced by customers on its network is as a result of the inability of the company’s technical personnel to access Business Units, Undertakings Offices and sub stations following the barricading of entrances and exits of all operational locations within the Ikeja Electric Network.
The Unions, parading as Citizens Access to Electricity Initiatives (CATEIN), and working in collaboration with the Civil Society Group, delivered a 15 point demand list at the Corporate Headquarters of Ikeja Electric Alausa, Ikeja.
The group which claims to be made up of artisans, traders, shoemakers and ironsmiths, also included the immediate re-instating of the 229 separated staff, who did not scale through the recently concluded appraisal exercise, as part of their conditions which must be complied with in order to end the picketing exercise.
In his statement, Felix Ofulue, the company’s Head of Corporate Communications, expressed displeasure at the situation.
He recalled how Lagosians had gone through untold hardship because of self-serving motives of some union leaders in the month of March. Speaking further, he reminded Labor leaders that Ikeja Electric had approached the National Industrial Court to intervene and in the filed suit (NICN/LA/228/2016 ), Ikeja Electric had secured a restraint barring “the National Union of Electricity Employees (NUEE), Senior Staff Association of Electricity and Allied Companies (SSAEAC), Nigeria Labour Congress (NLC), their agents, officers, privies, representatives or otherwise, whether acting of their own accords or in concert with other bodies, persons or unions, from disrupting or shutting down the operations of the Company or barricading the entry and exit points of her Corporate Headquarters located at Obafemi Awolowo Way, Alausa Ikeja, or any other premises or location where the Company carries out commercial and (or) technical operations”.
He warned parties to the protest to desist from further obstruction of access points at all IE locations, noting that Ikeja Electric would seek further redress appropriately.
Ofulue noted that as a responsible company, Ikeja Electric had no other choice than to deal within the limits of law.
He however encouraged Lagos residents to speak out and not allow a few individuals to hold many to ransom.
Commenting on the issue of the appraisal exercise, Ofulue stated that the process was open to scrutiny noting that it was curious that Labor was silent about over 1000 union members who scaled through the process and are still in the employment of Ikeja Electric.
“Ikeja Electric is an equal opportunity employer. Our standard requirement is excellence. It is not a witch hunt, it is about performance. We recently hired excellent visually impaired customer service staff, so why would we just send out 229 staff. The argument of Labor is flawed, especially as over 1000 of their own members scaled the same process and are still working with the company till date”, he commented.
He urged Lagosians to resist attempts by Labour to sabotage power supply and assured customers that once it is safe for staff to gain access to all locations, normal power supply will be restored to the company’s esteemed customers.
Union Bank of Nigeria has secured certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, a global standard for protecting payment card data.
The certification took effect on August 11, 2026, confirming that the bank’s systems for storing, processing and transmitting customers’ credit and debit card information meet stringent international security requirements.
PCI DSS certification is designed to reduce the risk of payment card data breaches and financial fraud while strengthening customer confidence in electronic payment systems.
The assessment covered key areas of Union Bank’s operations, including network infrastructure, card issuance, ATM and POS transactions, payment processing, reconciliation, settlement, chargebacks, dispute resolution and retail banking.
Union Bank was assessed and certified under the Service Provider category.
The certification process lasted a full year and involved quarterly assessments, with support from departmental, business and functional heads across the bank. Digital security firm Digital Encode supported the process, while the final independent audit was conducted by CyberCube, an accredited Qualified Security Assessor.
Yetunde B. Oni, Managing Director and Chief Executive Officer of Union Bank, said the certification demonstrates the bank’s commitment to protecting customer information.
“The security of our customers’ information is central to everything we do at Union Bank. This certification reaffirms that our payment systems and processes meet a rigorous global standard, and it reflects the discipline of colleagues across the Bank who work every day to keep customer data safe.”
The renewal also ensures that Union Bank maintains continuous PCI DSS certification, in line with the Central Bank of Nigeria’s requirement for banks to sustain compliance without interruption.
New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.
In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages
Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
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