News

Groups Drag President Buhari To Court Over New NDDC Board

Published

3 years ago

December 11, 2022

Editor

A coalition of groups under the umbrella of Concerned Civil Society Stakeholders (CCS) in Niger Delta had dragged President Muhammadu Buhari before the Federal High Court, Uyo, Akwa Ibom State over the constitution of the newly named Niger Delta Development Commission (NDDC) Board.

The group in suit no FHC/UY/CS/353/2022 instituted before Justice Agatha Okeke also sought a restraining order against the inauguration of the newly-named board.

At a press conference in Uyo on Sunday, the national coordinator of the forum, Prince Ekpuk Jumbo, said the board contravenes relevant sections of the NDDC Act 2000.

The plaintiffs in the suit sought the following prayers:

“Whether the nomination and appointment of the Akwa Ibom representative, Dr Emem Wilcox Wills, on Board, is not an infraction of section 12 (1) of the NDDC Act?

“Whether the purported confirmation of the appointments of Chairman and other members, is not unlawful, null and void, and a crass infraction of the provisions of Section 12 (1) of the NDDC Act, 2000?”

Urging the President to allow equity, justice and fair play to prevail in the case, Jumbo pointed out that Section 12 (1) of the Act, says that: “There shall be for the Commission, a Managing Director and two Executive Directors, who shall be indigenes of oil-producing areas, starting with the member state of the Commission with the highest production of oil, and shall rotate amongst member states in the order of production.”

“Based on this extant and clear provision, the group, therefore, sought “an order of injunction restraining the defendants be it by themselves, servants, person or persons howsoever from further proceedings, sessions, meetings and deliberations howsoever in connection, and or relation to the purported confirmation of Chairman and other members of the NDDC Board,” the forum added.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

5 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

6 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

8 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.