United Capital Plc (NGX: UCAP) has activated its Business Continuity Plan (BCP) following the fire incident at the Afriland Towers on Tuesday September 16, 2025.
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UCAP in regulatory filing signed by the Dr. Leo Okafor, the Group Company Secretary/General Counsel, notified the public of the fire incident at its registered company address, Afriland Towers, 97/105 Broad Street Lagos.
The company stated that the incident was contained through the combined assistance of the Federal Fire Service, Lagos State Fire Services and the UBA Fire Service.
Consequently, the Company’s Board immediately activated its Business Continuity Plan (BCP) to ensure uninterrupted operations and the safeguarding of critical business processes.
United Capital Plc reminder the public that its Board had in 2020 updated and approved the BCP to manage crisis such as theis without disruption to the businesses.
A business continuity plan (BCP) is a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and can function quickly in the event of a disaster. BCPs are designed to protect a company’s employees and its assets so they can get back to business whenever a disruption occurs.
Punch reported that at least six additional deaths have been confirmed following the fire outbreak, in addition to the four confirmed earlier. The six additional victims were employees of United Capital Plc, while the earlier four were staff of the Federal Inland Revenue Service.
The fire was reported to have started in the inverter room in the basement around 1.30pm on Tuesday, sent thick smoke into the air and triggered panic among occupants.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
