Business
Civil rights group calls for investigation of Matrix Oil over importation of blended crude, violation of sanctions on Russian oil
*Civil rights group calls for investigation of Matrix Oil over importation of blended crude, violation of sanctions on Russian oil
The Centre for Accountability and Transparency (CAAT) has called for an investigation into Matrix Oil’s importation of blended crude oil, alleging violation of international sanctions on Russian oil.
Speaking at a press conference, convener Okwa Dan claims Matrix Oil’s actions have caused economic sabotage, environmental pollution, and health risks to Nigerians.
The group alleges that Matrix Oil imported adulterated petroleum products from Malta, resulting in a $2.8 billion bill for Nigeria in 2023 alone.
Dan adds that the company’s actions violate international sanctions on Russian crude oil, which could lead to diplomatic crises for Nigeria.
“The oil products imported from Malta by this company are also dirty on the ethical level because it is the product of the violation of international sanctions imposed on Russia to deter it from waging an unjust war on a sovereign nation, Ukraine, which it invaded,” the statement said.
“The sanctions capped the purchase of Russian crude at $60 per barrel but the landing cost claimed by Matrix Energy Limited is confirmation that they are paying higher than the capped price for Russian crude that they blend and refine in Malta. This exposes Nigeria to diplomatic crises that could further compound all that we are going through.
“But what we are now seeing is that the quarry is now hunting the hunter. The company indicted in the importation of the dirty petrol, Matrix Energy Limited, is now using the judiciary to hound media organisations that publish stories of its economic sabotage against Nigeria.
“Matrix Energy Limited its chief executive officer, Abdulkadir Adisa Aliu, has asked a Federal Capital Territory High Court to stop media houses from publishing stories about its tainted oil importation.
“This futile effort on the part of Matrix Energy Limited flies in the face of Section 22 of the Constitution of the Federal Republic of Nigeria (as amended) as it stipulates that ‘The press, radio, television and other agencies of the mass media shall at all times be free to uphold the fundamental objectives contained in this Chapter and uphold the responsibility and accountability of the Government to the people’.
“Had the indicted company conducted its damaging deal alone perhaps it would have had recourse to the court stopping citizens from asking questions. But to the extent that it allegedly ran this racket in collusion with the Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Corporation (NNPC) Limited, Mallam Mele Kyari, government business is involved. Since the government is involved media houses have the responsibility to report and hold the government accountable.
“Section 39 of the 1999 Constitution also declared that “every person shall be entitled to freedom of expression, including freedom to hold opinions and to receive and impart information without interference”. As Nigerians, we will do all that we have to do to get information about things that affect us as humans and contaminated petrol that causes us economic ruin, and environmental damage and destroys our health is of interest to us to the extent that Matrix Energy Limited cannot curtail.”
CAAT urged the Economic Financial Crimes Commission (EFCC) to arrest and prosecute those involved in the alleged economic sabotage.
The group also called on the Federal Competition and Consumer Protection Commission (FCCPC) to investigate Matrix Oil for causing harm to consumers and the National Environmental Standards and Regulations Enforcement Agency (NESREA) to assess the environmental impact of the tainted oil products.
Furthermore, CAAT requested that the Price Cap Coalition, comprising the G7, the European Union, and Australia, impose targeted sanctions on Matrix Oil and its officials for violating sanctions against Russia.
The statement added: “There are reports that it instituted this suit to shield accomplices in NNPCL and other members of its cabal. We at the Centre for Accountability and Transparency (CAaT) urge Matrix Energy Limited and its CEO to toe the path of honour and give up the detailed list of its collaborators and their modus operandi instead of bluffing with litigation and trying to gag the press. Not even the military junta of yore were able to repress the ever-vibrant Nigerian media.
“Since we have seen that Matix Energy Limited and its accomplices, including those in the NNPCL are recalcitrant and unwilling to stop their economic sabotage, the CaaT is calling on the Economic Financial Crimes Commission (EFCC) to arrest and prosecute every one of those that have committed the acts of economic sabotage and violated the international sanctions imposed on crude oil of Russian origin.
“We further invite the Federal Competition and Consumer Protection Commission (FCCPC) to investigate Matrix Energy Limited since the dirty fuel it distributed in the country has caused harm to consumers in different forms including economic losses occasioned by damaged automobiles and generators.
“The National Environmental Standards and Regulations Enforcement Agency (NESREA) must similarly look into the impact of these tainted oil products on the environment to cause the cessation of further importation of such and to make the culprits behind it pay the relevant fines.”
Business
WFA APPOINTS GLOBAL BRAND EXECUTIVES TO EXPANDED LEADERSHIP COMMITTEE
WFA APPOINTS GLOBAL BRAND EXECUTIVES TO EXPANDED LEADERSHIP COMMITTEE
STOCKHOLM — The World Federation of Advertisers (WFA) has announced the appointment of senior executives from leading global brands to its Executive Committee, in a move aimed at strengthening its global influence and industry coordination.
The appointments were unveiled during the WFA Global Marketer Week held in Stockholm.
The new members, drawn from top multinational corporations, include executives from Driscoll’s, Haleon, IKEA and Nissan. They join an already influential body comprising marketing and corporate affairs leaders from major companies such as Best Buy, Danone, Diageo, Grab, Kenvue and Tata Group.
Also joining the Executive Committee are representatives of key advertiser bodies, including Josh Faulks, Chief Executive Officer of the Australian Association of National Advertisers; Simon Michaelides, Director General of the Incorporated Society of British Advertisers; and O’tega Ogra, Vice President of the Advertisers Association of Nigeria and Senior Special Assistant to the President of Nigeria on Digital Communications, Engagement and New Media Strategy.
WFA President David Wheldon and Deputy President Philip Myers of Ferrero will continue in their roles, alongside all regional vice presidents.
The newly appointed members are:
Jiunn Shih, Global Chief Marketing Officer, Driscoll’s
Silas-Lewis Meilus, Global Head of Media Operations, Haleon
Joel Renkema, Global Head of Insights, IKEA
José Román, Corporate Executive, Global Sales and Marketing, Nissan
Josh Faulks, CEO, AANA
Simon Michaelides, Director General, ISBA
O’tega Ogra, Vice President, ADVAN
Industry observers say the expanded committee reflects WFA’s commitment to deeper global collaboration and stronger representation across regions and sectors within the marketing and advertising ecosystem.
Business
FORENSIC INVESTIGATION REVEALS FABRICATED X ACCOUNT TARGETING INEC CHAIRMAN – CPS
FORENSIC INVESTIGATION REVEALS FABRICATED X ACCOUNT TARGETING INEC CHAIRMAN – CPS
The Chief Press Secretary (CPS) to the Chairman of the Independent National Electoral Commission (INEC), Mr. Adedayo Oketola, has said that a purported X (formerly Twitter) account attributed to the Commission’s Chairman, Prof. Joash Ojo Amupitan, SAN, is fake and part of a coordinated disinformation campaign.
In a public statement issued on Monday in Abuja, Mr. Oketola disclosed that a comprehensive, multi-layered forensic investigation conducted by independent cybersecurity experts has conclusively established that the INEC Chairman does not operate any personal X account.
He said, “The Independent National Electoral Commission (INEC) , committed to a full forensic investigation, commissioned an independent forensic cybersecurity expert, who conducted a multi-layered forensic and digital investigation using X platform data, internet archive records, OSINT tools, identity forensics and cross-platform analysis.”
Oketola stressed that all posts, replies, and screenshots linking him to the handle @joashamupitan are fraudulent, forensically unverifiable, and technically impossible.
The controversy began on April 10, 2026, when viral social media posts alleged that the Chairman made a partisan comment — “Victory is sure” — in response to another user, supported by screenshots and purported digital records.
However, the CPS said the forensic investigation uncovered clear evidence of fabrication and impersonation, highlighting the following key findings:
· No Digital Linkage: There is no connection between the disputed X account and Prof. Amupitan’s verified email addresses or phone numbers, as multiple recovery and verification attempts failed to establish any link.
· False BVN/OPay Claims: Data used to suggest ownership of the account only confirms identity and does not establish control of any social media handle, making such claims a logical fallacy.
· Timestamp Manipulation: The alleged reply “Victory is sure” was posted 13 minutes before the original tweet it responded to—an occurrence that is technically impossible and definitive proof of fabrication.
· No Historical Record: Searches on the Internet Archive’s Wayback Machine showed zero evidence of the account or its alleged activity prior to April 2026.
· Non-Existence on X Platform: Live checks confirmed that the alleged reply does not exist and has never existed on the platform.
· Account Renaming Pattern: On the same day the screenshots went viral, the account was renamed @sundayvibe00, set to private, and labelled a “parody account,” indicating deliberate impersonation and damage control.
· Coordinated Multi-Platform Impersonation: At least seven fake accounts across Facebook and Instagram using the Chairman’s identity were identified, pointing to a sustained disinformation effort.
“The forensic evidence is comprehensive, multi-sourced, and unambiguous. The posts attributed to Prof. Joash Ojo Amupitan on X are fabricated. The account is a clear case of impersonation,” Mr. Oketola said.
Quoting one of the independent investigators, he described the development as “a coordinated digital impersonation and disinformation campaign,” warning that advances in artificial intelligence had made it easier to fabricate misleading content.
He urged the public to avoid sharing unverified information, noting that “the fact that content goes viral does not make it authentic,” and called on media organisations to prioritise accuracy over speed.
Mr. Oketola said the independent forensic report had been referred to the law enforcement agencies for necessary action. He also appealed to law enforcement agencies to investigate the origin of the fake account and prosecute those responsible under the Cybercrimes (Prohibition, Prevention, etc.) Act.
He said, “Media organisations, in particular, have a duty to apply strict forensic verification standards to social media posts and screenshots before publishing them, especially when such content implicates public officials or carries serious consequences for public trust and institutional credibility. Accuracy, not speed, must guide reporting in matters of this nature.”
He reiterated that all official communications from INEC are disseminated exclusively through its verified platforms, including its website (www.inecnigeria.org), verified X account (@inecnigeria), official Facebook page, online news portal (www.inecnews.com), formal press statements from its headquarters in Abuja, and official media briefings. Any account purporting to represent the INEC Chairman in a personal capacity, he said, should be treated as fraudulent unless formally verified by the Commission.
Business
How FirstBank is investing in Its People and Building Future Leaders
How FirstBank is investing in Its People and Building Future Leaders
For an average 9-5er, having a job isn’t enough. You want a career that grows with you, gives you stability, and opens doors to bigger opportunities. People everywhere are looking for workplaces that don’t just pay salaries but actually invest in their staff, helping them learn, lead, and succeed.
That’s exactly what FirstBank is doing. The Bank is building a future where every employee has the opportunity to grow, lead, and thrive. Through its human capital management and development agenda, FirstBank is creating numerous pathways for staff to transform their careers and become tomorrow’s leaders.
Conversion Programme: Turning Opportunities Into Careers
Needless to say that there is no desire for the 9-5er to remain in a temporary role when they can secure a full-time career. With FirstBank’s Conversion Programme, eligible non-core employees who have served for at least one year can transition into permanent positions. This initiative ensures that hardworking staff are rewarded with stability, growth, and the chance to contribute more meaningfully to the Bank’s success.
Leadership Programmes: Grooming the Next Generation
FirstBank has designed three flagship programmes to identify and nurture high-potential talents:
- FirstBank Management Associate Programme (FMAP): A 24-month fast-track initiative that grooms future middle managers. Upon completion, participants are promoted to Assistant Manager grade, regardless of their previous grade.
- Leadership Acceleration Programme (LAP): Focused on preparing internal middle-management talents for leadership responsibilities, ensuring the Bank’s succession pipeline remains strong.
- Senior Management Development Programme (SMDP): A programme for senior managers who are proven leaders in their functions and critical to the Bank’s succession plan.
These programmes are not just training—they are career accelerators, designed to put staff on the fast lane to leadership.
FirstAcademy: Learning With Global Standards
Backing these initiatives is FirstAcademy, FirstBank’s corporate university, accredited by the Chartered Institute of Bankers of Nigeria (CIBN).
Staff also benefit from partnerships with institutions like Rome Business School and Association of Chartered Certified Accountants (ACCA), gaining access to world-class training—often at discounted rates
A Workplace That Values People
FirstBank’s parent company, First HoldCo PLC, was named second in the Best Workplaces in Financial Services in Nigeria. The Bank remains firmly committed to responsible employment practices, ensuring that all colleagues are treated with dignity, fairness, and respect.
The Future Is Human
With these initiatives, FirstBank is showing that its greatest investment is its people. By empowering staff through various growth opportunities, the Bank is not just building a workforce, it is cultivating leaders who will shape the future of banking in Nigeria and beyond.
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