News
Again, Court Imposes N17m Fine On Litigants, Lawyer Seeking To Stop Tinubu’s Inauguration
A Federal High Court in Abuja has imposed a fine of N17 million on three litigants and their lawyer for filing a frivolous suit seeking to stop the inauguration of the President-elect, Bola Ahmed Tinubu.
Justice James Omotoso imposed the fine on Praise Ilemona, Pastor Paul Issac Audu and Dr Anongu Moses who jointly instituted the suit praying for an order to halt the Monday, May 29, swearing-in of Tinubu as new President.
The three litigants are to jointly pay the President elect a sum of N10 million and another N5 million to the All Progressives Congress, APC, who were part of the seven defendants in the suit.
Justice Omotoso also ordered that an interest of 10 percentage be placed on the judgment debt per year until when finally liquidated.
Their lawyer who filed the suit, described as vexatious by the court, was ordered to pay N1 million to each of Tinubu and the APC.
The Federal High Court decision came barely 24 hours after the Court of Appeal in Abuja slammed N40 million fine on a former Presidential candidate in the 2019 election, Chief Ambrose Albert Owuru who also sought to stop Tinubu’s inauguration on the ground that he won the 2019 presidential election and should be inaugurated instead of Tinubu.
The three plaintiffs had in their dismissed suit sought to stop the May 29 inauguration on the alleged ground that the President-elect, Bola Tinubu supplied false information to the Independent National Electoral Commission (INEC) about his age and citizenship status.
Justice Omotosho, in a ruling on Friday, held that the suit by Praise Ilemona Isaiah, Pastor Paul Isaac Audu and Anongu Moses was frivolous and abuse of court process.
READ ALSO:Ex-presidential Candidate Fined N40m For Trying To Stop Tinubu’s Inauguration
The Judge held that the plaintiffs lacked the locus standi to file the suit, adding that the court could not exercise jurisdiction to hear it because it relates to a presidential election.
The ruling by Justice Omotosho is coming about 40 minutes after the Supreme Court dismissed another suit filed by the Peoples Democratic Party (PDP) seeking to void the candidacy of Tinubu and the Vice-president elect, Kashim Shettima.
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.
Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.
READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma
La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.
The 24-year-old has two years left on his contract with the Serie A club.
The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.
He has been a regular feature for Lazio this season.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti
Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti
“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
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