News

Court Sacks Ooni Of Ife’s Second-In-Command, Orders Replacement

Published

6 years ago

December 12, 2019

An Osun State High Court on Wednesday sacked the Obalufe of Ife , Chief Idowu Adediwura , and directed the Ooni of Ife , Oba Adeyeye Ogunwusi, to, within 21 days , filled the stool with a candidate from the Aga Ruling House.

Obalufe is the traditional prime minister of Ife and he is next to Ooni in rank .

Justice Foluke Awolalu of the Osun State High Court sitting in Osogbo , in her judgment on the suit instituted by Abayomi Elugbuji on behalf of self and the Aga Ruling House, held that the installation of Adediwura was not in accordance with the provisions of Ife Chieftaincy Declaration of 1957 .

The court had earlier dismissed the preliminary objection filed by Adediwura seeking that the matter be dismissed because there were similar cases already instituted on the same matter .

On the merit of the case , the court held that going by the Ife Chieftaincy Declaration of 1957 , it was the turn of Aga Ruling House to produce Obalufe and not Ajagbusiekun , where Adediwura that was eventually installed hails from .

The court also restrained Adediwura from parading self as Obalufe.

Commenting on the matter , counsel for the plaintiff , Mr Babafemi Akande, described the judgment as “ sound and clear , ” adding that a Chieftaincy Declaration once registered had become the law .

“The law is very clear , nobody is above the law and no one is below it. So the judge gave the judgment in accordance with the dictates of the law , ” Akande said .

Efforts to get Adediwura’s reaction to the judgment proved futile, as calls to his phone number rang out, while text message sent to him was not replied as of the time of filing this report .

(Punch)

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

43 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

1 hour 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.