News

Alleged Cable Theft: Edo Community Thrown Into Darkness; Monarch Fingers BEDC Officials

Published

3 years ago

October 6, 2023

The Traditional Ruler and residents of Ugbegun community in Esan Central Local Government Area of Edo State have cried over an alleged vandalization of Benin Electricity Distribution Company , BEDC, a development that has thrown the community into total darkness for over six weeks.

The community also fingered a staff of BEDC caught vandalizing armored cables.

They explain that the suspect was handed over to the police for prosecution but was later said released in a suspicious manner which further worsened the situation.

They claimed the action of the community leaders and vigilantes in apprehending the said BEDC staff and handing him over to the police was behind the reasons why the BEDC officials had remained adamant in restoring electricity to the “peaceful agrarian community. ”

According to the community, the plan to cover up the crime perpetrated by the said officials has crippled business activities in the community, calling on the BEDC management and other relevant authority to come to their aid.

Speaking on the development, the traditional ruler of Ugebgun, His Royal Highness, Samuel Obade (JP) and the Itohan of the community, Chief Mathew Emiohe lamented over the suffering of the community due to non-availability of electricity occasioned by the cable theft.

Obade said, “We have been mandated to defend our facilities in our domain and that we have always done. Sometimes in August we increased our vigilance arising from what we heard from neighboring clans and we caught someone in Ikiogbe substation but he ran away. We caught the second person vandalizing armored cable at the sub-station and was handed over to the police.

RRAD ALSO: Hope Rises For Edo Residents As Oshodin Drags Akobe To Stage

“This last one that happened was the Engineer in charge of Igueben sub-station called Charles. The vigilante saw him red-handed. A day before they saw him take a ladder from someone’s house, climb the high tension and loosen the cable with the pretense that he was clearing grass around the transformer.

“We have a force station in Ugbegun with over five staff and if he has no ulterior motive he should have ask the staff to come and clear grass around the sub-station. The vigilante saw Engineer Charles on motor bike with another person behind him holding the armored cable. We called in the police but they were neither here nor there.”

Corroborating the position of the traditional ruler, Emiohe called for the immediate restoration of power, saying residents have been thrown into total darkness since the theft.

Contacted, the Public Relation Officer, BEDC, Evelyn Gbewen, denied knowledge of the incidence, saying they are yet be briefed on the matter.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

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.

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

Published

3 hours ago

May 6, 2026

Editor

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.

“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

Published

5 hours ago

May 6, 2026

Editor

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.

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).

“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.