News

Court Jails Two Men 26 Months For N8.5b Fraud

Published

6 months ago

November 19, 2025

Editor

LJustice Rahman Oshodi of Lagos Special Offences Court sitting in Ikeja has convicted and sentenced two men, Hamza Zakaria and Nurudeen Ibrahim, to 26 months’ imprisonment each for N8.56 billion fraud.

Zakaria and Ibrahim were convicted and sentenced after the court found them guilty of unauthorised access to a new generation bank’s computer systems. They were formerly arraigned on May 2, 2025, alongside other defendants, on four counts by the Economic and Financial Crimes Commission (EFCC).

Their offences bordered on conspiracy, stealing and unauthorised access to a computer system, contrary to Sections 409 and 331 of the Criminal Law of Lagos State, 2011. They had pleaded not guilty at the time.

The defendants, however, changed their plea following the presentation of amended charges, prompting the court to convict and sentence them accordingly.

During the review of the facts, prosecution counsel, Muhammad Bashir, called a witness, Airende Monday, an operative of the EFCC, who tendered documents that were admitted as exhibits.

While delivering judgement, Justice Oshodi stated: “I find the defendants guilty in the two-count amended information, and I convict them accordingly. This is the judgement of the court.”

The court jailed them eight months on count one and one year and six months on count two. Both sentences are to run concurrently, with an option of a N50,000 fine.

The EFCC alleged that the defendants and other persons at large, sometime in January 2025 in Lagos, within the court’s jurisdiction, conspired to transfer and retain criminal proceeds from unauthorised access to Wema Bank’s computer and servers.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

15 minutes 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

37 minutes 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

3 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.