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[BREAKING] Protests: Military Vows To Deal With Looters

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The military on Friday warned looters taking advantage of the #EndBadGovernance nationwide protests to desist from the destruction of lives and properties.

At a press conference in the nation’s capital Abuja on the second day of the rallies against economic hardship and high cost of living, the Chief of Defence Staff (CDS), General Christopher Musa, said the extent of destruction experienced on the first day of the demonstrations was “crazy”.

He said the Armed Forces will take action and won’t allow the looting and destruction to fester.

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The defence chief said the Bola Tinubu administration has been in power for one year and the government has been doing its best to boost economic activities.

General Musa said the economic crisis and high cost of living in Nigeria is a global phenomenon. He urged Nigerians to give the government time to address the challenges.

He said, “So, we want to call on all Nigerians to understand the government. If you have grievances, which I know people have, a lot of challenges here and there, and it is not only in Nigeria alone; everywhere in the world is facing one economic or security crisis or the other. And so, it is important to understand that we are not alone.

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“But what we can do is not allow criminals and individuals that have lost out to take advantage of this to destroy our country. We should realise that these destructions, monies have to be used to replace them so that we can move forward.”

READ ALSO: PICTORIAL: Police Show Solidarity, Share Water With Protesters

Youths Protest High Living Cost
Tension was palpable in parts of Nigeria on Thursday as the much-touted #EndBadGovernance protests finally kicked off in almost all the 36 states of the Federation and the Federal Capital Territory (FCT), Abuja.

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On the first and second day of the protests, policemen were seen dispersing the demonstrators, mostly youths, using tear gas, even as civil society organisations (CSOs) condemned the action of the police.

The protests turned awry when some hoodlums took advantage of the demonstrations and looted public and private assets.

In a bid to curb the looting, violence and other after-effects of the protests, the Kano, Borno, Yobe, Katsina, Nasarawa, Jigawa and other state governments imposed curfews in volatile local government areas (LGAs) in their states.

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Some deaths have also been recorded, as claimed by Amnesty International. The Inspector General of Police Kayode Egbetokun said a policeman was murdered, some cops injured, and police stations burnt.

Propagated on social media, the nationwide protests against economic hardship started on Thursday, August 1, 2024, and have been scheduled to stretch till August 10 across all states of the Federation as well as the nation’s capital Abuja.

READ ALSO: PICTORIAL: Osun Protesters Observe Jumaat Prayers On Road

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Prices of food and basic commodities have gone through the roof in the last months, as Nigerians battle one of the country’s worst inflation rates and economic crises sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.

Some of the demands of the protesters include the restoration of petrol subsidies and the forex regime. They also want the government to address food shortages, unemployment and wasteful spending by those in power. Other demands are immediate reforms of the electoral umpire INEC and anti-graft agency EFCC with renewed vigour in the fight against corrupt politicians.

‘Avoid Mayhem’
The defence chief said the message of peaceful protesters has already been passed to the federal, state and local governments.

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He appealed to peaceful protesters not to allow troublemakers and fifth columnists to bring mayhem to the nation.

We know we are challenged as a nation but we know we will overcome working together as Nigerians… Let us avoid anything that will bring mayhem to our country,” he said.

“We Will Take Action’
General Musa said the level of destruction witnessed in some places on Thursday was unimaginable and the military won’t fold its arms.

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READ ALSO: Nigerian Immigration Officers Assault Journalist In Benin, Hospitalised

“Yesterday (Thursday), we saw the level of destruction that has been carried out. Just yesterday. So you can imagine if this continues for so long.

“Yesterday, we saw some people breaking down houses, stealing windows and doors. It was just crazy yesterday and we don’t want that to happen again.

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“The Armed Forces and the entire security agencies will not stand by and see that to continue. We want to warn those that are recalcitrant; those that don’t want to listen that we will not fold our arms and allow this country to be destroyed.

“We will take action and the action we will take, we will take it professionally. Anyone that is caught will be taken to court and will be dealt with,” he said.

“There are a bunch of people who believe that it is only through this medium that they will be able to loot, steal and destroy. And that is what they tried to do yesterday but we have arrested most of them that broke into places to steal and they will be prosecuted accordingly,” he added.

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READ ALSO: JUST IN: Policemen Teargas Journalists, Protesters In Abuja

Military May Step In If…
The defence chief said the security forces stood up to their responsibilities on Thursday and the situation has been nipped.

General Musa said the police have been doing a good job managing the situation but the military won’t hesitate to step in if the situation degenerates.

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We are supporting the police all through. We are just on standby. The police is doing a good job; they are handling the situation for now. Unless it breaches beyond what they can handle then the military will step in. The military is on standby and we are watching day and night,” he said.

‘Sponsors Will Be Identified’
He further said some sponsors of the looting will be identified and dealt with.

We are also going behind to ensure that we also identify those that are involved; there are individuals who are sponsoring them, pushing them to do this, we are going after them,” he said.

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He urged the media not to give some people “who want a moment of fame” the opportunity.

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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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.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

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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.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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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.

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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.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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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.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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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.”

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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).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

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.”

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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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