News
Falana Chides Navy Over Destruction Of Stolen Crude Vessels
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.
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“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.”
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“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
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
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.
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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).
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“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
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.
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“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.
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“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.
News
IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police
The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.
Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.
Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.
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“All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”
On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.
“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”
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