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Faruk Abdullahi: Energy Consultant, Financial Analyst and Entrepreneur

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Faruk Abdullahi: Energy Consultant, Financial Analyst and Entrepreneur

 

 

Faruk Abdullahi is a distinguished energy consultant, accomplished financial analyst, and visionary entrepreneur with over 15 years of diverse experience spanning energy, finance, information technology, and international business consultancy. Renowned for his leadership in Nigeria’s Compressed Natural Gas (CNG) revolution, Faruk is a leading advocate for sustainable energy adoption and economic transformation in Nigeria.

 

Faruk Abdullahi: Energy Consultant, Financial Analyst and Entrepreneur

 

Advocacy in Energy and CNG Leadership

 

Faruk Abdullahi is a vocal and proactive proponent of Compressed Natural Gas (CNG) as an alternative fuel in Nigeria. He frequently features on national television, using his media platform to passionately advocate for the widespread adoption of CNG due to its environmental sustainability and economic affordability. In May 2025, he led a delegation of CNG conversion center operators to the Presidential Initiative on Compressed Natural Gas (PCNGi), where he praised President Bola Ahmed Tinubu GCFR for his visionary leadership in the energy transition space.

 

 

Under Faruk’s leadership and frontline advocacy, the CNG initiative has attracted over $500 million in investments, created over 10,000 direct and 90,000 indirect jobs, and strengthened public-private partnerships in the energy sector. His work in this area positions him as a strategic voice and policy influencer in Nigeria’s quest for a cleaner and more self-reliant energy future.

 

Financial Expertise and Policy Analysis

 

In addition to his influence in the energy sector, Faruk is a respected financial expert and public policy analyst. He is widely recognized for his insightful commentary on Nigeria’s monetary policies, particularly during pivotal national moments such as the 2023 general elections. He was a strong critic of the naira redesign and associated cash scarcity, which he argued was poorly timed and detrimental to the average Nigerian.

 

 

Faruk also strongly advocates for exchange rate unification, a strategy he believes will eliminate market inefficiencies and attract foreign investment. Furthermore, he is a vocal supporter of policies encouraging the consumption of locally manufactured goods and services, positioning this approach as a cornerstone for improving Nigeria’s non-oil exports and foreign exchange inflows.

 

Entrepreneurship and Corporate Leadership

 

Faruk’s professional journey is a remarkable story of resilience, rising from modest beginnings to national and international influence. He is the Chairman of Ultimate Spectrum Ltd, a diversified firm with operations in energy, finance, and IT. He is also the Pioneer Managing Director of Farkim Oil & Gas Lt. He sits on the board of Kriskos & Associates, an immigration investment firm with a footprint across the Middle East and Europe.

 

His corporate experience includes serving as Chief Compliance Officer and Service Executive at Innovate 1Pay Ltd (Kano Branch)—a fintech company involved in foreign exchange operations in partnership with the Central Bank of Nigeria. He also made his mark in Dubai, where he rose from salesman to Executive Director at Metropolitan Insurance within a single year.

 

Academic and Professional Qualifications

 

Faruk holds a Bachelor of Science in Business Administration (Actuarial Science) and a Diploma in Mathematics from Ahmadu Bello University, Zaria. He further earned a Master’s in Finance from Heriot-Watt University, Duba,  and another Master’s in International Affairs and Diplomacy from ABU, Zaria.

 

He is a Fellow of the:

 

– International Organization of Management Professionals (FIOMP)

– Chartered Institute of Loan and Risk Management (FCILRM),

– Institute of Credit Administration (FICA).

He also holds multiple certifications in forensic accounting, finance, and risk management, reinforcing his multidisciplinary expertise.

 

Faruk Abdullahi exemplifies a rare blend of visionary leadership, technical expertise, and patriotic dedication. His influence across Nigeria’s energy, financial, and entrepreneurial landscapes continues to grow, inspiring a generation of professionals and policymakers to pursue sustainable solutions, sound economic reforms, and impactful ventures. With an unwavering commitment to national development, Faruk remains a trailblazer in shaping a resilient and prosperous Nigerian future.

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Mayor of Brampton Honours IBD Foundation

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Mayor of Brampton Honours IBD Foundation

 

The City of Brampton has recognised Alhaji Ibrahim Dende Egungbohun for his remarkable contributions to a transformative initiative designed to empower women through essential skill-building for independence and self-reliance. This formal acknowledgment took place on August 15, 2025, in Mayor Patrick Brown’s office during a visit from the Africa Made Economic Growth Initiative (AMEGI) team. Represented by his wife, Mrs. Omolara Egungbohun, Alhaji Dende received the certification amidst an atmosphere of gratitude and celebration. Mayor Brown presented the certificate personally and extended his commendations to the IBD Foundation for their relentless pursuit of women’s empowerment, development, and their philanthropic efforts.

The Certificate of Recognition underscored Egungbohun’s unwavering dedication and tireless efforts to create diverse opportunities for women to enhance their skills, develop their potential, and ultimately prosper in their personal and professional lives. As a philanthropist, esteemed businessman, and influential social figure, his impact in Nigeria and beyond is both profound and far-reaching.

Egungbohun’s generosity and steadfast commitment have significantly bolstered the confidence of program participants, facilitating their ability to envision and construct brighter futures while strengthening community ties. In his acknowledgment, Mayor Brown stated, “Your dedication uplifts those working to inspire others,” highlighting the deep and lasting influence of Egungbohun’s work in empowering women.

Mayor of Brampton Honours IBD Foundation

This initiative is not just a standalone effort; it harmonizes perfectly with Brampton’s broader mission to advocate for and uplift marginalized groups within the community. Egungbohun’s contributions serve as a vital catalyst for transformative change, offering practical skills that enhance employability while reshaping the economic and social framework for women. Through an assortment of workshops, mentorship programs, and robust support networks, he has fostered an encouraging environment where women can fully explore and realize their potential.

As Brampton steadfastly commits itself to promoting inclusivity and equity, leaders like Egungbohun exemplify how collaboration, vision, and genuine enthusiastic engagement can effectively turn hopes and aspirations into tangible realities. The public acknowledgment from the city not only honors individual efforts but also sends a resounding message, inspiring other community leaders and stakeholders to step up and invest in grassroots empowerment initiatives that uplift and serve those in need. This recognition is a clarion call for collective action toward a more equitable and inclusive society.

 

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Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

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Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

 

 

Tayo Folorunsho, renowned youth ambassador and edutainment advocate, has been officially nominated to be decorated as a Celebrity Special Marshal (CSM) of the Federal Road Safety Corps (FRSC).

 

Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

 

The unveiling took place at the recently concluded FRSC Youth Hangout, held in celebration of the United Nations International Youth Day at the National Judicial Institute, Abuja.

 

 

Over the years, Tayo Folorunsho has distinguished himself as a passionate youth leader, consistently driving initiatives that inspire and empower young people. His recognition as a Celebrity Special Marshal is not only a mark of honor but also a call to responsibility—championing road safety, responsibility, and positive change within society.

 

Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps

 

Speaking on the recognition, Tayo Folorunsho emphasized:

“This is more than an honor; it is a responsibility to use my voice and influence to promote safety, responsibility, and positive change on our roads.”

 

This milestone reinforces his commitment to youth empowerment, social responsibility, and nation-building through edutainment and advocacy.

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FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

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FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

 

In a country where road accidents claim thousands of lives each year—most of them young people—the Federal Road Safety Corps (FRSC) and Edutainment First International have launched a bold new initiative to change the narrative. On Thursday, August 14, both organizations hosted the maiden Road Safety Youth Hangout at the National Judicial Institute, Abuja.

 

FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria

 

The event, held to mark United Nations International Youth Day 2025, brought together more than 300 participants, including members of the National Youth Service Corps (NYSC), students, youth leaders, and community representatives. Unlike traditional road safety campaigns, the hangout was designed as an interactive forum blending education and entertainment, where young Nigerians could learn, innovate, and commit to safer road practices.

 

 

According to FRSC data, young people remain the most vulnerable demographic in road traffic crashes across Nigeria—an urgent concern this initiative aims to tackle. Through storytelling, innovation, and collaborative problem-solving, the Road Safety Youth Hangout sought to transform young Nigerians into advocates for safety within their communities.

 

 

“This is not just about rules and regulations,” said one of the organizers. “It’s about equipping young people with the tools and the voice to change Nigeria’s road culture.”

 

Aligned with the UN’s 2025 theme, “Local Youth Actions for the SDGs and Beyond,” the program underscored the critical role of young Nigerians in advancing the Sustainable Development Goals (SDGs), particularly those connected to health, safety, and responsible citizenship.

 

 

By focusing on empowerment rather than enforcement, FRSC and Edutainment First International signaled a fresh approach to road safety: investing in the next generation as the real drivers of change. The belief is simple yet powerful—an informed and empowered youth population is key to reducing accidents and saving lives.

 

 

For many participants, the hangout was more than just an event; it was a wake-up call. With interactive sessions infused with music, drama, and dialogue, young Nigerians were challenged to reflect on their daily habits as road users and to embrace leadership as advocates for safer communities.

 

 

As one youth participant reflected:

“Road safety isn’t just the job of the FRSC. It’s our responsibility too—because we are the ones most at risk.”

 

The maiden edition of the Road Safety Youth Hangout may have ended, but the movement it launched has only just begun. Its message was unmistakable: Nigeria’s fight for safer roads must be youth-led, collaborative, and relentless.

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