News
Alvan Ikoku: Panel Indicts Okorocha Over Forceful Acquisition Of Land
…Araraume, Uche Nwosu, Anwuka to lose houses
The Committee set up by Imo State Government for the recovery of land belonging to Alvan Ikoku Federal College of Education (AIFCE), yesterday, indicted former governor Rochas Okorocha for using brute force to disposses the college of its land.
Submitting its report to Governor Hope Uzodimma, the committee recommended the recovery of the Shell Camp land from Okorocha and his associates within six months and hand the same over to AIFCE.
The report which was signed by the Chairman,Prof Vitalis Orikeze Ajumbe and the secretary, B F Anyanwu, regretted that Okorocha,as governor, used brute force including the military and hoodlums to snatch the land from the College after which he allocated or sold same to his top associates.
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Those who benefited from the bazaar and have been similarly asked to vacate the land included two of Okorocha”s in laws, Dr Uzoma Anwuka and Kingsley Uju.
Apart from Okorocha’s inlaws , a former speaker, Chief Acho Ihim, Charles Orie, Prince Charles Amadi and Ugochukwu Hillary also benefited from the illegal acquisition.
The Committee regretted that Okorocha ordered the demolition of 101 buildings belonging to staff of the college and thereafter confiscated their property.
It therefore urged the Imo State Executive Council “to direct the recovery of all the lands belonging to AIFCE, which are now illegally in the hands of individuals and institutions.”
READ ALSO: Rage In Imo As Erosion Kills, Swallows Houses
It further asked the state government to ensure the recovery of the land within six months and thereafter issue a certificate of occupancy to the college.
“AIFCE should take full possession of the vacated land and property immediately upon recovery while the Commissioner for Lands and OCDA should recover the land within six months”, the committee recommended.
It further recommended that AIFCE should pay the agreed compensation to Orji indigenes who are the original owners of the land while the Army should vacate the shanties they erected in the land and finally move to Obinze.
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.
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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.
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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).
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“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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