News
OVH Energy Marketing Graduates Over 200 Mechanics from Oleum Academy

Leading supplier and distributor of refined petroleum products, OVH Energy Marketing recently celebrated the graduation of over 200 mechanics from the third edition of the company’s Oleum Academy initiative following successful completion of an intensive three month course aimed at providing professional mechanics with the necessary skills to become automobile technicians.
The training offers participants diverse learning mediums including in-class instruction on subjects comprising auto diagnosis, electromotive and workshop management.
Inaugurated in Lagos with just 100 mechanics, the Oleum academy was conceived by OVH energy as a corporate investment and skills development programme targeted at bridging the skills gap amongst mechanics in the Nigerian auto-repair industry.
The initiative has since grown and was launched nationwide in 2016, with mechanics from Uyo, Abuja and Ibadan coming onboard.
Commenting on the purpose of the training, Lilian Ikokwu, head of Lubes, OVH Energy Marketing Ltd, said: “Our goal with Oleum academy was to create a well-qualified blue-collar workforce who are able to meet local industry demands, by providing the tools and resources required to remain relevant in the dynamic auto maintenance industry. We are proud of what we have achieved so far.”
Ikokwu added “Beyond the training, OVH Energy Marketing also supports graduates from the Oleum Academy in their trade with its Mechanic Oleum Reseller enterprise (M.O.R.E) – a reseller initiative that empowers mechanics to retail Oleum range lubricants at a flexible payment structure and attractive profit margin
On his part, Moruf Arowolo, chairman, Motor Mechanics & Technician association of Nigeria (MOMTAN), commended OVH Energy Marketing and its continued commitment to up skilling mechanics despite the difficult economic situation. According to him “training of mechanics is an important investment in the skilled labor force and overall economic development of Nigeria”.
One of the beneficiaries of the programme, Bankole Bashiru expressed his appreciation of Oleum academy training. According to him, “When we joined the academy we were all simply mechanics and apprentices, like any other person on the street but today I am very proud to say that we are now automobile technicians who have been trained to fix modern cars, and we owe this to OVH Energy”.
Fathia Akerele, a female auto technician and graduating student from Oleum Academy 2016 training also stated, “The past three months have been very rewarding, I started my apprenticeship two years ago, but with this training I have been exposed to different tools and learnt how to find out what is really wrong with a vehicle instead of doing trial and error. I feel so prepared and I am more confident because of all I have learnt.”
With Oleum Academy, OVH Energy Marketing is striving to achieve the country’s Vision 2020 agenda in becoming one of the twenty largest economies in the world. Mrs. Olaposi Williams, acting CEO OVH Energy Marketing noted as much saying: “Vision 2020 can only be achieved if we focus more on areas like human capital development and expertise. Hence, we have designed initiatives such as the Oleum Academy to train mechanics who can confidently exhibit skills that are of world class standards. If we can make world-class products like Oleum, we can also groom world-class talent.”
Williams noted that Oleum Academy plans to train 5000 Nigerian mechanics nationwide by 2020.
News
DBN Awards N13m in Grants to Tech Startups

Development Bank of Nigeria (DBN) has awarded a total of N13 million in grants to three standout tech startups at the 2025 Techpreneur Summit held in Lagos, reinforcing its commitment to innovation and inclusive growth among Nigeria’s micro, small, and medium enterprises (MSMEs).
The winners include: BuyScrap, a digital marketplace for recyclable materials – N6 million; Qiqi Farms, which connects local farmers to hospitality and export markets – N4 million; Eco-Cyclers, a youth-led recycling initiative based in Enugu – N3 million
Alongside the grant awards, DBN also launched a new digital data asset, a first-of-its-kind platform aimed at enabling data-driven decisions within the MSME ecosystem.
The platform offers deep insights into business trends, sector-specific challenges, and growth opportunities—supporting smarter policymaking and targeted investments.
In his keynote address in Lagos, Tony Okpanachi, managing director/ CEO, DBN, described the event’s theme, “CTRL + SHIFT: Tech Empowered Movement for Naija,” as a strategic call to reimagine enterprise development in Nigeria.
“This isn’t just a keyboard shortcut,” he said. “It’s a mindset reset—powered by technology—to build a more inclusive, innovative, and resilient business landscape. From financing to innovation, DBN remains committed to enabling MSMEs to thrive.”
Okpanachi emphasized that the Summit aligns with DBN’s AMPLIFI Strategy, which integrates digital transformation, sustainability, and scalability into its core programs.
He highlighted initiatives such as the Digital Shift Workshops and the Eco-Innovation Challenge as key steps toward embedding innovation in Nigeria’s MSME sector.
Encouraging young innovators, he added: “The future belongs to those bold enough to imagine and build it. DBN is proud to support the ideas that will shape tomorrow.”
A major highlight was the unveiling of the DBN Data Asset—a digital platform designed to provide real-time, evidence-based insights into Nigeria’s MSME landscape.
The platform combines DBN’s proprietary data with external sources like the National Bureau of Statistics (NBS) to offer a comprehensive view of MSME performance by region and sector.
Jeremy Dan Okayi, DBN’s Head of Strategy, Policy & Innovation, described the platform as: “A reservoir of insight, potential, and direction—built on two years of collaboration and shared vision. This tool will support informed decision-making across the public and private sectors.”
News
FCCPC Shuts France, Belgium, and Italy Visa Centres in Abuja Over Alleged Consumer Rights Violations

In a bold enforcement action, the Federal Competition and Consumer Protection Commission (FCCPC), supported by the Nigeria Police Force and the Nigeria Security and Civil Defence Corps (NSCDC), has sealed off the visa application centres of France, Belgium, and Italy in Abuja over alleged consumer protection breaches and obstruction of regulatory investigations.
The affected centres—located at Mukhtar El-Yakub House in the Central Business District and operated by TLS Contact, a Teleperformance Company—were shut down following reports that they refused to accept formal correspondence from the FCCPC regarding a consumer complaint. The Commission cited further infractions, including obstruction of investigation and alleged assault of its officers during lawful duties.
Speaking to journalists at the scene, Mrs. Boladale Adeyinka, Director of Surveillance and Investigations at the FCCPC, explained: “This is an enforcement operation against TLS. On March 25, 2025, we served them a letter to address a consumer complaint, which they refused to accept. Instead, TLS officers assaulted our team, and in a subsequent visit on June 17, they also allegedly assaulted uniformed police officers.”
Citing Section 33 of the Federal Competition and Consumer Protection Act (FCCPA), Mrs. Adeyinka emphasized that failure to comply with Commission directives constitutes a criminal offense, punishable by imprisonment, fines of up to ₦20 million, or both.
TLS has been ordered to appear before the Commission on June 20, 2025, to provide testimony, submit evidence, and make formal depositions. The company may be held liable for any financial losses suffered by applicants due to the disruption of visa services.
Despite multiple requests for comment, management at TLS Contact declined to respond as of press time.
News
How and Why N210 Trillion is Missing in NNPCL – CFO

Adedapo Segun, chief financial officer (CFO), Nigerian National Petroleum Company Limited (NNPC), has explained why there is a missing sum of N210 trillion in the company’s audited financial statement spanning from 2017 to 2023.
According to Segun, the missing funds are cash calls requested by joint venture (JV) partners and settlement to the JVs.
He spokeat a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada.
Segun was responding to an alarm raised by the committee over missing N210 trillion in NNPCL’s audited financial statement.
Recall that Wadada issued a one-week ultimatum to NNPCL to account for the missing N210 trillion.
Reacting, Segun said, “The N103 trillion and N107 trillion are made up of joint venture cash calls that have been requested by the JV operators and JV cash call payments made by NNPCL, which are yet to be reconciled because governance procedures were not done at that time.
“That is why you see the description reflecting those two items would be washed out because they are two sides of the same transaction, which is the cash calls by JV partners and the settlement by NNPCL.”
However, Habu Sadeik, a financial analyst, in a post on X on Thursday, said Segun’s response was unsatisfactory.
Saidik faulted NNPCL’s response about the fund discrepancies, noting that something is not right with the audited financial statement.
“Forget about the senators’ lack of knowledge.
“The CFO’s response is not satisfactory. Are you saying that cash calls worth hundreds of trillions are just appearing on your FS only in 2024 without 31 disclosure?
“If it’s a cash call, why hasn’t the disclosure said so?
“Which cash call is over 100 trillion?
“Something is definitely not right, and I hope they retrospectively correct that FS.
“Someone somewhere did a chef’s work,” he wrote on X.
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