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SAHCOL Chairman, Bags ‘The Sun Business Man Of The Year 2014’ Award

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Barrister Taiwo Olayinka Afolabi, chairman of the Skyway Aviation Handling Company Limited (SAHCOL),in suit receving  the 'Sun Business Man of the year award 2014'.
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Barrister Taiwo Olayinka Afolabi, chairman of the Skyway Aviation Handling Company Limited (SAHCOL), has been awarded with the ‘Sun Business Man of the year award 2014’.

The award was presented to him in Lagos in a very elaborate ceremony which had in attendance Crème de la crème of the private and public sectors.

According to the Sun Board of Editors, Dr. Taiwo Afolabi was picked for the award in recognition of his exceptional performance as one of the pillars on which the nation’s maritime sector stands, and his significant contributions to the Aviation and downstream sectors of the oil and gas industry in Nigeria.

The Sun further noted that, “having worked for some years to gain the requisite experience, Barr. Taiwo Afolabi’s robust entrepreneurship skills propelled him to quit his job and establish his own company, Sifax Nigeria Limited, from next to nothing.

Speaking further about his achievements, The Sun noted: “The journey was not particularly smooth, but you weathered the storm, trod on converting daunting challenges into stepping stones. Interestingly, your entrepreneurship resilience paid off as Sifax, which morphed from a small company in 1988, has grown into a conglomerate of companies with interests in maritime, aviation, oil and gas, hospitality, and logistics.”

Basil Agboarumi, General Manager, Corporate Communications, Skyway Aviation Handling Company Limited (SAHCOL), said that apart from its branches in Lagos, Abuja and Port-Harcourt, Sifax operates in Ghana, United States of America, London and Equatorial Guinea.

It also has business relationship with many countries worldwide” said the organizers.

Business Man of the year category of The Sun Award is usually presented to the Chief Executive of a business organization, or a top business manager who, despite obvious challenges that confront businesses in Nigeria, has displayed unparalleled acumen at value creation and service in ways that have impacted positively on the nation’s economy.

The subsidiaries of Sifax Nigeria, includes Sifax Shipping, Sifax Offdock, Sifax Stevedoring, Sifax Oil & Gas, SAHCOL, amongst others.

Since Sifax took over SAHCOL in December 2009, SAHCOL has successfully established a strong market presence in the domestic and international airline ground handling industry, with peerless expertise in providing exceptional Passenger, Ramp and Cargo/Warehousing services.

Owing to the boost in confidence, SAHCOL now provides ground handling services to some of the world best airlines, amongst which are Arik Air, Emirates Airlines ,United Airlines, Air France, Middle East Airlines (MEA), Allied Air, Aero Contractors Airline, Dana Air, Sudan Air, African Open Sky Airlines, Med-view Airlines, Camair-Co, South African Airways, Etihad Airways, Atlas Jet Airlines, Max Air, Kabo Air, African Word Airways (AWA), Gambia Bird Airlines, AZMAN Air, Ethiopian Air, Air Cote d’ivoire, and other ad-hoc operators.

This has made SAHCOL a reference point where efficiency of a successful flight is born in the Nigerian Aviation sector.

 


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Nigeria Police suspends tinted glass permit enforcement over court injunction

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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.

Nigeria Police suspends tinted glass permit enforcement over court injunction

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.


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NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

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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.


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T2 Backs Youth Excellence as NCBC Wins Bosun Tijani Foundation Basketball Tournament

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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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