News

Awujale: UNILAG Don Leads Ruling House Faction

Published

7 months ago

October 4, 2025

Editor

A professor of Media Law and Mass Communication with the University of Lagos and one-time Commissioner for Information in Ogun State, Fassy Yusuf, has emerged as the head of a faction of the Fusengbuwa Ruling House dubbed as the “Original Fusengbuwa Ruling House.”

Speaking at a briefing held on Thursday in Agunsebi, Ijebu-Ode, the professor stated that the royal family, which is next in line to produce the next Awujale of Ijebu land, has kicked off registration of the family members of the ruling house as part of foundation-laying preparations for the selection and filling of the vacant stool of Awujale.

The faction of the ruling house being coordinated by Yusuf comprises the Jadiara, Bubiade, Tunwase and Fusengbuwa royal families.

This development is coming on the heels of the reported reconciliation of the two previous factional groups led by Adedokun Ajidagba and former president of the Institute of Chartered Accountants of Nigeria, Alhaji Abdulateef Owoyemi.

Yusuf said, “I must also emphasise that the mourning period of the late Awujale, Oba (Dr) Sikiru Kayode Adetona, CFR, GCON, who passed on July 13, 2025, will officially end on Sunday, October 11, 2025, paving the way for the implementation of the succession process.

“The Declaration made under Section 4 (2) of the Chiefs Law 1957 indicated that the four ruling houses are entitled to produce Awujale, and they are Gbelegbuwa, Anikinlaiya, Fusengbuwa, and Fidipote, but it is now the turn of Fusengbuwa.”

He further explained that candidates must be of the ruling house and from the male line, except in cases where succession devolves through the female line under the Abidagba principle.

Responding to questions about the Folagbade Adenuga group’s claim of having the right to produce the next Awujale, the former commissioner stressed that Folagbade is not listed as a ruling house in the declaration and therefore must align with one of the recognised branches.

As part of preparations to pick a successor to Oba Adetona, who joined his ancestors on July 13, 2025, Yusuf said that membership registration forms to build a family database and expression of interest forms for aspirants to the throne had been prepared for a smooth sailing exercise.

Recall that preparation to pick the next Awujale after the death of Oba Adetona, aged 91, in July, and who reigned for 65 years, had been gathering momentum, particularly within the Fusengbuwa ruling house, which is the next to produce the next Awujale.

The former President of ICAN, Alhaji Owoyemi and an oil and gas magnate, Adedokun, had been at each other’s throats for some time over the leadership of this ruling family.

The two elders, however, about a week ago, decided to bury their differences and reconciled to work together in unity, even as they both pledged to ensure that the right candidate for the vacant stool of Awujale is selected when the time comes.

It was gathered that the three-month mourning period of Oba Awujale would be completed by October 11, after which the race to pick the next Awujale would go into full swing.
(PUNCH)

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.