News

Edo Govt, PDP Biker Over PRESCO’s Statutory Right Of Occupancy

Published

5 months ago

November 27, 2025

Editor

The Edo State Government and the main opposition—Peoples Democratic Party (PDP) on Thursday engaged in verbal war over PRESCO PLC’s Statutory Right of Occupancy, a parcel of land Governor Monday Okpebholo purported revoked and later reversed within 24 hours.

In an advertorial (public notice) published by two national dailies on Wednesday, 26th November, 2025, and signed by Governor Okpebholo with the titled: ‘Revocation of Statutory Rights of Occupancy Pursuant to Sections 28 and 38,’ the Edo State Government announced the revocation of a parcel of land belonging PRESCO PLC in Ologbo, Ikpoba-Okha Local Government Area of the state.

But in a swift backtrack on Thursday, 27th November, 2025, the Edo State Government in another advertorial published by the same national dailies, and signed by Umar Ikhilor, Secretary to the State Government with the title: ‘Disclaimer on Public Notice Purportedly Revoking Statutory Rights of Occupancy of PRESCO PLC,’ the state government distanced itself from the public notice (advertorial).

Ikhilor, who said the publication did not “emanate from the Executive Governor of Edo State nor from any authorised organ of the state government, added: “The government has verified that the immediate past Managing Director of Edo State Geographic Information Service (EDOGIS), acted unilaterally, without authorisation, and in complete disregard for established procedures and the actual numbers of hectares intended for excision from PRESCO PLC’s landholding.” As at when the first public notice was published, The EDOGIS MD was still an appointee of Governor Okpebholo.

Reacting to the development in a statement, State Publicity Secretary of the PDP, Daniel Osa-Ogbegie, described the revocation and counter-revocation, as shameful.

The State Publicity Secretary who said “Edo people are witnessing a government that does not know what it signs,” stressed “it does not understand what it announces, and cannot defend what it authorises.”

He added: “This, apparently, is not governance.It is a circus. A dangerous circus.”

Osa-Ogbegie, while noting that “PRESCO PLC is not just a company; it is the single largest agro-industrial investment in Edo State, a 34-year pillar employing thousands directly and indirectly,” said: “Edo people deserve honest answers. Instead, they got a contradictory drama that exposes the hollowness of this administration.”

Reacting to PDP’s statement, the state Commissioner for Information and Strategy, Prince Kassim Afegbua, who described the PDP as crying than the bereaved.

Afegbua, while stating that “the release by the Secretary to the Edo State Government that captured the essential details of the Government’s position should suffice, especially the Constitutional dimensions,” however admitted that there was an initial mix-up.

He said: “There were initial mix-up on the issue under discourse, but the explanation by the Secretary to the State Governor, gave a constitutional rationale for the position taken by government concerning land in oil minerals areas and one had thought, that was self-explanatory to any reasonable and rational mind, but because comedians must always trivialise scenarios, the PDP will never disappoint in their vainglory.”

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.