News

Blasphemy: Sokoto Court Remands Suspected Killers Of Deborah

Published

4 years ago

May 16, 2022

Editor

Indications have emerged that the Federal Government may defy an order by a Federal High Court barring parties from taking further steps in relation to the award of the disputed $60million International Cargo Tracking Note (ICTN) contract initiated by the immediate past Minister of Transportation, Rotimi Amaechi.

A Federal High Court in Abuja had earlier issued an order restraining the former Minister from taking any further step on the contract award pending the resolution of a suit instituted against him and some others in respect of the contract.

However, a memo prepared by the Federal Ministry of Transportation indicated that the issue of the contract will be tabled before the weekly Federal Executive Council, FEC, meeting slated for this Wednesday for possible approval and award.

The memo sighted by our correspondent on Monday, is marked: EC(2022) and was signed by Amaechi on April 12, 2022, but received at the office of the Permanent Secretary, Cabinet Affairs Office on April 20, 2022.

The memo is titled: “Memorandum for approval for the implementation of International Cargo Tracking Note in Nigeria through public private partnership arrangement.”

It reads in part: “The purpose of this memorandum is to seek the consideration and approval of the Federal Executive Council (FEC) for the implementation of International Cargo Tracking Note In Nigeria by Messrs MTS Cargo & Logistics Limited through Build Operate and Transfer (BOT) Public Private Partnership arrangement at an initial capital Investment currently modelled at the sum sixty million dollars (US$60,000,000) to be funded 100% through equity by the company for a concession period of 15 years.”

It added that the arrangement provides for “a revenue sharing ratio of 92.5per cent: 7per cent in favour of the Federal Government represented by the Nigerian Shippers Council and Private Consortium respectively: after deduction of processing cost as well as the Full Business Case (FBC) for the project. ”

The plaintiff in the suit before the Federal High Court, the Citizens Advocacy for Social and Economic Rights (CASER) is concerned that Amaechi was still working behind the scene to have the contract process concluded while their suit is pending.

CASER had, in the suit marked: FHC/ABJ/CS/1587/2021, accused Amaechi of among others, manipulating the contract award process in favour of two local and inexperienced firms – Medtech Scientific Limited and Rozi International Nigeria Limited, who are also defendants in the case.

Other defendants in the case, in which the plaintiff are praying the court to void the selection of Medtech and Rozi, are the Bureau of Public Procurement (BPP), the Attorney General of the Federation (AGF).

During a recent hearing in the case, lawyer to the plaintiff, Abdulhakeem Mustapha (SAN) accused Amaechi of being in contempt, noting that he has taken some fundamental steps in respect of the contract award despite a pending order for maintenance of status quo issued on January 22, 2022.

Following the complaint by Mustapha, Justice Donatus Okorowo elected to first deal with the issue of alleged contempt and ordered parties to file necessary processes.

Though the case was transferred to another judge, Justice Ahmed Mohammed for hearing during the court’s last Easter holiday on the request by Amaechi, it has now been returned to Justice Okorowo who has now scheduled hearing for later this month.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

4 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

4 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

6 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.