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Fraud Allegation: Adeniran Resigns As Yoruba Nation Chair

Published

3 years ago

January 7, 2023

Editor

The Leader and Chairman, Yoruba Self-Determination Struggle, also known as Ilana Omo Oodua Worldwide, Wale Adeniran, has resigned his membership from the group over allegations of fraud and embezzlement.

In a two-minute 33 seconds video watched on YouTube (Omoboriowo media) on Saturday, Adeniran said he stepped aside to allow a thorough investigation into the allegation of fraud levelled against him.

He challenged whoever might have evidence or evidences against him or who might have sent money to the organisation through him to come forward and make it known to the public.

Adeniran said he resigned his membership from the IOOW with a view to allowing thorough investigation, calling on Yoruba elders to set up a committee in that regard, The PUNCH reports.

He said, “I want to use this medium to step aside as Chairman of Ilana Omo Oodua Worldwide, as member of Ilana Omo Oodua Worldwide, I step down as the participant in the Yoruba Nation struggle so as to allow for unfettered investigations of all these allegations.

“Because in all developed parts of the world, what they normally do is that, if there is an allegation against public office holder, he or she will step aside to allow thorough investigation, that’s what I’m doing right now.

“I thank you all, and whatever comes out after the investigation should be made public. There shouldn’t be secret there. They should publicise the outcome of the investigation because all Yoruba must know the truth about the fraud allegation involving the struggle. Thank you,” Adeniran added.

Also withdrawing, Maxwell Adeleye, the Communications Manager of the immediate past leader and Chairman of the group, Banji Akintoye, said, “In view of recent developments in the group, I wish to inform all the Yoruba people worldwide that I have stepped aside and withdrawn from the agitation for an Independent Yoruba nation under its current leadership with effect from January 6, 2023.”

“May I inform members of the public that I stepped aside as the Communications Manager of Professor Banji Akintoye since August 5, 2022 and finally cut-off communication with the historian since October 31, 2022. I have also resigned my membership of Ilana Omo Oodua Worldwide,” he stated.

Related Topics:Adeniran Fraud Yoruba nation

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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.

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

Published

2 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

4 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.