News

Falana Chides Navy Over Destruction Of Stolen Crude Vessels

Published

4 years ago

October 16, 2022

Human rights activist and foremost Senior Advocate of Nigeria, Femi Falana, on Sunday knocked the Nigerian navy over the destruction of vessels loaded with stolen crude oil.

In a statement which was personally signed by him and made available to our correspondent, the senior advocate fingered a statement credited to the chief of Defence staff, Lucky Irabor.

“Apart from the sabotage of the national economy the crime of oil theft has portrayed Nigeria as a nation where official impunity has been institutionalised that by the government.

Apparently embarrassed by the involvement of highly placed military officers and their civilian collaborators in the scandalous offence of oil theft the Federal Government has adopted measures to end it.

“Last week, a vessel loaded with stolen crude oil reportedly arrested by a newly-contracted private pipeline surveillance team, Tantita Security Services led by a former militant leader, Government Ekpemepulo, popularly known as “Tompolo” was set ablaze off the Niger Delta creeks by a group of military personnel.

“In an embarrassing justification of the criminal conduct, the Chief of Defence Staff, General Lucky Irabor said that the swift destruction of the oil bunkering vessel by the criminal suspects is in line with “the rules of engagement.” As if self help has become part of the rules of engagement the General said the vessel was caught in the act and security agents subsequently set the “instrument of operation” ablaze, noting that no investigation is needed to carry out the action. It is trite law that only the Federal High Court court is empowered to order the interim or final forfeiture of any vessel that was used for conveying stolen crude oil.

“Therefore, the statement credited to General Irabor is a deliberate attempt to cover up the involvement of military personnel in the serious crime of oil theft as there is no provision of the rules of engagement that authorises military personnel or security operatives to set fire or destroy vessels loaded with stolen crude.

Speaking further in the statement, Falana noted that, “the Chief of Defence Staff is not unaware that under the service law the burning of a ship or vessel by a military personnel is a serious offence which attracts life imprisonment without an option of fine. For the avoidance of doubt, section 111 of the Armed Forces Act provides as follows:

“Arson -A person subject to service law under this Act who wilfully or maliciously sets fire to a public building, dwelling house, an office or any structure whatsoever, movable or immovable, whether completed or not, occupied or not; or to any vessel, ship, aircraft, railway track or wagon, or vehicle or thing; or to a mine or working, fitting or an appliance of a mine,is guilty of arson and liable, on conviction by a court-martial, to imprisonment for life.”

“In view of the gravity of the offence that is being covered up by the military oligarchy, General Irabor ought to resign his appointment to prevent the sabotage of the ongoing operations designed to expose the perpetrators of oil theft in the Niger Delta region.

“If the General decides not to call it quits, the Commander-in-Chief of the Armed Fores, President Muhammadu Buhari should not hesitate to fire him. After all, by authorising the engagement of no-state actors to carry out the constitutional duties of the armed forces, the President has lost confidence in the leadership of the armed forces.

“Furthermore, the President should order the Chief of Army Staff to ensure the immediate arrest of the military personnel who set the vessel on fire to charge them with arson and allied offences before a court martial.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

54 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.