News

I Was Tied For Three Days, Abducted Lagos Editor Recounts Ordeal

Published

2 years ago

March 28, 2024

Editor

The abducted Editor of FirstNews Newspaper, Segun Olatunji, on Thursday, recounted his ordeal at the hands of the military personnel who abducted him from his Lagos home.

Military authorities had earlier on Thursday, yielded to pressure and released Olatunji, who was abducted from his home in Lagos State on Friday, March 15, 2024.

The PUNCH confirmed that he was released to some media stakeholders, including Yomi Odunuga of The Nation newspaper and Iyobosa Uwugiaren of Thisday Newspaper in Abuja after sustained pressure from the media.

They were asked to guarantee that they would make Olatunji available if needed again.

The International Press Institute, the Nigeria Guild of Editors, and Olatunji’s employers had in separate statements faulted his incarceration, asking authorities to either release the editor or charge him to court.

Narrating his ordeal after his release at a press briefing organised by the leaderships of the Nigerian Guild of Editors, Nigeria Union of Journalists and IPI in Abuja, Olatunji said he was blindfolded and flown to the Federal Capital Territory where he was moved to a cell in handcuffs and leg chains for almost three days.

He said, “Someone came claiming to be from the military. He identified himself as Colonel Lawal. Immediately, he seized my phones.

“I went to the room to dress up. By the time I got downstairs, I saw soldiers inside the compound taking positions. Outside the gate, I saw about three vehicles with Air Force personnel, Army, Defence Intelligence Agency, and others all fully armed.

“I was handcuffed and taken straight to the office of the National Air Defence Corps where we waited for three hours. I did not know that they were waiting for an aircraft to pick me up to Abuja.

“When the aircraft landed, I was blindfolded and moved to the aircraft, and we landed in Abuja shortly. I was leg cuffed also. They removed my clothes and I was left with my boxers. I was taken to Cell 9.

“There, I was left with leg and handcuffs. And at a point, one of the officers came and tightened the right leg and the right hand, and I was there groaning in pain. They did not loosen it until about two or three days after.

“Up till now, I could still feel the pains in my hands and legs.”

Olatunji said those behind his ordeal were close to the government based on the questions he was asked.

He added, “They were asking me questions about certain stories that FirstNews had published.

“They first told me that I was one of those abusing the Chief of Defence Intelligence (Major General Emmanuel Undiandeye). They did not say much about that.”

He said they also asked him about a story FirstNews had published about the Chief of Staff to President Bola Tinubu (Mr Femi Gbajabiamila), which he described as a “major thing”.

“That is why I told some people earlier that those behind my arrest are people in the corridors of power who are not happy with FirstNews is doing and are bent on taking their own pound of flesh,” he added.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

1 hour 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

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.