News

Alleged N2.5bn Fraud: Ogun Speaker Suspends Deputy, One Other Lawmaker

Published

4 years ago

September 13, 2022

Editor

The Speaker of the Ogun State House of Assembly, Olakunke Oluomo, has announced the suspension of the former Deputy, Dare Kadiri of Ijebu North II State Constituency, and Solomon Osho of Remo North.

DAILY POST reports that this is coming barely four days after Oluomo accused the sacked Deputy Speaker as the mastermind of his ordeal with the Economic and Financial Crimes Commission (EFCC).

Recall that Oluomo was arraigned by the EFCC last Tuesday for allegedly stealing N2.475 billion from the vault of the Ogun Assembly.

But, in a statement last Friday, after the EFCC released him, Oluomo said Kadiri was the whole wrote a hyperbolic petition against him at the EFCC office.

During plenary on Tuesday, Oluomo announced the suspension of Kadiri and Osho “in line with the provisions of Sections 14 and 15 of the Legislative Houses (Powers and Privileges) Act, 2017.”

Their suspension, it was gathered, followed the adoption of a resolution during a plenary presided over by Oluomo.

According to the Speaker, “Order 6, Rule 19 (2) says that whereof a matter of privilege arises, it shall be taken into consideration immediately; in the note of that, I want to say that I received a resolution by appropriate number of members of this house raising issue of Privileges and it read thus”, Resolution 131/ OG/ 2022 – suspension of some honourable members for the breach of the provision of the Legislative Houses (Power and Privileges) Act, 2017.

“Having found to have severally and contentiously breached the Rights and Privileges of the Ogun State House of Assembly and its Leadership, through violation of the provisions of Section 17 of Legislative Houses (Power and Privileges) Act, 2017.

“The following Honourable member, Hon. Oluwadamilare Kadiri (Ijebu North II State Constituency) and Solomon Osho (Remo North Constituency) are hereby suspended from the House and its activities forthwith until further notice in line with the provisions of Sections 14 and 15 of the Legislative Houses (Powers and Priviledges) Act, 2017.”

Oluomo, while announcing the suspension, said the resolution did not require any vote since the appropriate number of people had signed.

He, however, did not name those who signed the resolution, nor did he reveal how many they were.

”Since this has been signed by the appropriate number of people, it requires no vote or anything, so they stand suspended,” Oluomo concluded

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 minutes 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

25 minutes 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

3 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.