News

Alleged N1.7b Fraud: Enugu APC Chairman, Guber Candidate Dragged To Court

Published

3 years ago

February 7, 2023

Editor

A chieftain of the All Progressives Congress, APC, in Enugu State, Mr. Adolphus Ude has dragged the party’s chairman, Barr. Ugochukwu Agballah to court over alleged N1.7 billion fraud.

Also joined in the suit as defendant is the governorship candidate of the APC in Enugu State, Chief Uche Nnaji.

Ude, in suit No. E/47/2023, filed a criminal complaint against the duo before an Enugu State High Court.

The plaintiff is accusing Agballah and Nnaji of misappropriating party funds and lack of accountability.

Ude, who is the pioneer deputy chairman of the party in Enugu State, alleged in the suit that the Enugu State chapter of the party realized N786 million from the sale of Expression of Interest and Nomination Forms, which the defendants were yet to account for.

He also alleged that the APC, Enugu State, realized an additional $1,351,000 from consultations and logistics from presidential aspirants, but that Agballah and Nnaji had refused to account for the monies despite agitations and protests by members of the party in the state.

“Since the third defendant (Nnaji) was nominated as the (governorship) candidate of the party, he has connived with the second defendant (Agballah) to misappropriate the funds of the party and run the affairs of the party with impunity.

“The second and third defendants misappropriated the $1.5 million given to the APC, Enugu State, as delegates’ allowances and failed to pay the money to the delegates. The second and third defendants appropriated the money for themselves instead,” he stated in the suit.

He is, therefore, seeking an order of the court directing Agballah and Nnaji to “render and publish a detailed account of the amount realised by the APC in Enugu State from the issuance and purchase of Expression of Interest and Nomination Forms by the aspirants in the APC for the governorship position in Enugu State in the 2023 general election.”

The plaintiff is also pressing for an order of court directing Agballah and Nnaji to render and publish a detailed account of the use and proof of disbursement of the sum of $1.5 million released by the first defendant (APC) for the payment of allowances of the first defendant’s delegates from Enugu State to the National Convention and presidential primary election of the first defendant.”

He further averred that, “By a letter dated August 19, 2022, the second defendant’s ward, the Udi/Agbudu Ward in Udi Local Government Area suspended the second defendant from being a member of the Ward and expelled him from the Ward and debarred him from holding party office in APC.

“This was as a result of the corruption and impunity perpetrated by the second defendant in handling the affairs and funds of the APC, Enugu State. Notwithstanding his suspension and expulsion from APC in his Ward, the second defendant continued to parade himself as the chairman of APC, Enugu State and to meddle in the affairs of the party with impunity and without authority.”

No date has been fixed for the hearing of the suit.

Rcall that earlier in January, Ude led a protest of aggrieved Enugu APC members against Agballah and Nnaji at the APC national secretariat in Abuja.

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.