News

EFCC Promotes 900 Officers, Reintroduces Life Insurance For Operatives

Published

1 year ago

January 25, 2025

Editor

The Economic and Financial Crimes Commission has approved the promotion of 900 personnel.

The EFCC Chairman, Ola Olukoyede, disclosed this during the commission’s 2024 Rewards and Recognition ceremony in Abuja on Saturday.

Olukoyede also announced the reinstatement of life and property insurance for EFCC operatives, a policy that had been absent for two decades.

He said, “Let me also assure you all at this moment that management is aware of the challenges that we are facing in the discharge of our responsibilities. And efforts have been made to address them. As I said a few days ago when I addressed you online, we are taking delivery of some buses to ease our transportation problems.

“We have approved the promotion of about 900 staff, some of whom have been awaiting promotion for about six or seven years. We are also taking steps to solve the issues of insurance.

“For 20 years, we have not had any life and property insurance. And I believe that in another one or two months, we should be done with our life insurance and also the property insurance.”

Olukoyede stated that the commission under his watch was working to improve the welfare of the personnel.

He said, “Also, you must also know that we have been trying to put a few things together in the area of cost of living adjustment. And I’m not going to give you the full package now until that proposal sees the light of the day.

“We are going to do everything possible to ensure that our welfare is well taken care of within the limits of our resources. And even if we have to stretch ourselves, I think we deserve it by partial of the risk we take in this job. ”

Olukoyede warned against corrupt practices among personnel of the commission.

He urged the bad eggs to retrace their steps, warning that the internal cleansing ongoing in the commission would not spare anyone.

Olukoyede stated, “Indeed, this recognition coming at a time like this when some bad eggs in our fold are trying to bring back the hand of the clock against our cherished values is a morale booster.

“It shows that hard work pays and integrity has good rewards. For those taking shortcuts to help themselves, I equally charge you to retrace yourself to accountable conduct. The internal cleansing going on in the commission will spare no one.

“I continue to stress the need for us to do the right thing. Integrity is the best preservation and assurance. Anything short of it is a disaster waiting to happen. ”

The EFCC boss also directed that a building in the academy should be named after the officer killed during an operation in Awka, Anambra State, Aminu Salisu.

Olukoyede added that no officers killed or injured in the line of duty would ever be forgotten by the commission.

The PUNCH reports that about 35 personnel were rewarded, among who are Maryam Ahmed, Eunice Dalylop, F.A Jirbo, Mukhtar Ahmed, Michael Uchechika, Ezire Ufuoma, Nenman Danladi, and Yusuf Umar, among others.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

15 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

2 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.

News

Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Published

20 hours ago

May 5, 2026

Editor

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.