News

BREAKING: Supreme Court Grants Jailed Senator Peter Nwaoboshi Fresh Respite

Published

3 years ago

January 12, 2023

The Supreme Court of Nigeria on Thursday in Abuja granted a reprieve to the jailed Senator Peter Nwaoboshi by reversing the downward hearing date in the appeal challenging his seven years imprisonment for corruption.

Though the hearing date in his appeal against the conviction was slated for November 24, 2024, it was, however, on Thursday brought down to February 9, 2023, by the apex court following an application to that effect.

Nwaoboshi, through his counsel, Kanu Agabi SAN, a former Attorney General of the Federation, AGF, had made a passionate appeal to the Supreme Court to fast-track the hearing of his case against his imprisonment.

Agabi, while arguing the application, informed the panel of justices of the court led by the Chief Justice of Nigeria, CJN, Olukayode Ariwoola that his client is a current Senator of the Federal Republic of Nigeria.

The senior lawyer pleaded for a quick hearing of his client’s appeal challenging the seven years of imprisonment slammed on him on July 1, 2022, by the Court of Appeal in Lagos.

Agabi predicated his fast-track hearing request on the ground that the convicted Senator may be made to complete the jail term before his innocence or otherwise could be decided by the apex court.

Also, Nwaoboshi was said to be a senatorial candidate for Delta North in the February National Assembly election.

He cited cases of some Nigerians whose convictions and jail terms were set aside after they had completed their terms of imprisonment, adding that such cases are worrisome.

However, following the no objection to the request by the Economic and Financial Crimes Commission, EFCC, and other parties, the Chief Justice in a brief ruling, reversed the earlier November 24, 2024, to February 9, 2023, to determine the innocence or guilt of the Senator in the corruption charges against him.

Nwaoboshi was, on July 1 last year, hauled into prison for seven years by the Lagos Division of the Court of Appeal.

The senator, who represents Delta North Senatorial District, was convicted on a two-count charge of fraud and money laundering.

The court also ordered that his two companies, Golden Touch Construction Project Limited and Suiming Electrical Limited, be wound up in line with Section 22 of the Money Laundering Prohibition Act 2021.

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.