News

Court Halts Confirmation Of NDDC Chairman, MD

Published

3 years ago

December 17, 2022

The Federal High Court sitting in Abuja has granted an order stopping the National Assembly from screening and confirming the nomination of Ms Lauretta Onochie and Chief Samuel Ogbuku.

The duo were to be screened and confirmed as respective chairman and Managing Director of the Niger Delta Development Commission.

The presiding judge, Justice J. K. Omotosho, instructed that all actions on the matter be suspended pending the determination of the suit.

Among other things, the originating summons marked FHC/ABJ/CS/2294/2022 is seeking a restraining order on the National Assembly from screening and confirming the duo.

The plaintiffs, Chief Edward Ekpokpo Esq., and Victor Wood who are both representing the Itsekiri Leaders of Thought and Mr Edward Omagbemi who is presenting Omadino Unity Forum all on behalf of the Itsekiri ethnic nationality are challenging the nomination on the grounds that it is the turn of the Itsekiri nationality to occupy the positions.

The first to sixth defendants in the suit are President Muhammadu Buhari, the Attorney General and Minister of Justice, Abubakar Malami; Senate President, Ahmad Lawan; the House of Senate, Mrs Lauretta Onochie and Chief Samuel Ogbuku.

The suit filed by Ama Etuwewe SAN & Co., demands that the provisions of the NDDC Act be followed in the process.

It maintained that it is the turn of the Itsekiri ethnic nationality to produce the NDDC board chairman and MD as the highest oil-producing community in Delta State.

Adjourning the matter to January 11, 2023, for further hearing, the presiding judge, Justice J. K. Omotosho, upon reading the affidavit and hearing the counsel to the plaintiff, declared

“That leave is hereby granted to the plaintiffs to serve the 5th and 6th defendants with the originating processes in this suit by substituted means to wit by advertising the processes in at least one national newspaper circulating within the jurisdiction of this to court and to deem the same as proper service.

“That an order is hereby made that no party in this suit shall take any step or act or action that may make the outcome of the pending motion on notice for injunction Dated and filed December 12, 2022, nugatory.

“That any act or step or action taken in this order to make the outcome of the said motion on notice dated and filed December 12, 2022, nugatory shall be a nullity.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

2 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.