News

IG Reiterates Ban On PoS, Others In Police Stations

Published

2 years ago

March 4, 2024

Editor

The Nigeria Police Force has reiterated its ban on the use of Point-of-Sale terminal machines, and other mobile money transaction devices within police stations and other police facilities across the country.

The NPF said the ban followed public outcry on alleged “illegal and illicit transactions through ‘point-of-sale’ (POS) machine operators and connivance with certain police operatives.”

This was contained in a statement signed by the Force Public Relations Officer, ACP Olumuyiwa Adejobi, on Monday.

Adejobi said it had come to the attention of the police that some commands and formations of the NPF continued to flout the regulation, and that the ban was aimed at preserving the security and integrity of police operations.

The FPRO noted that the use of payment devices within the police premises posed risks, including the compromise of sensitive information and facilitation of illicit activities.

The statement read, “The Nigeria Police Force, following public outcry on alleged illegal and illicit transactions through point-of-sale (POS) machine operators and connivance with certain police operatives, hereby reiterates the ban on the utilisation of POS machines and other electronic mobile money transaction devices within police stations and other police facilities nationwide.

“The ban is aimed at preserving the integrity and security of police operations, forestalling perceived corrupt practices, as well as clearing the Commands/Formations of possible criminal intrusion under such guise, and maintaining discipline within the Force.”

Adejobi added that “despite previous directives, it has come to the attention of the Force leadership that some commands and formations continue to flout this regulation. As such, the IGP warns that any violation of this ban will attract severe sanctions on the leadership of the affected commands and formations.”

“The IG noted that the use of electronic payment devices within police facilities poses significant risks, including the potential compromise of sensitive information, financial irregularities, and the facilitation of illicit activities, therefore, strict adherence to this directive is non-negotiable”, the statement partly read.

The FPRO further stated that the Inspector-General of Police, Kayode Egbetokun, urged officials to comply with the directive, warning that any violation by officers or a POS operator would attract “severe sanctions” on the leadership of the affected Formations or Commands.

“The IG urges all officers and personnel to comply with this directive without exception and warns that any police officer or POS operator found contravening this order or conniving to conduct illicit financial transactions will face appropriate disciplinary and criminal action in accordance with the extant laws and regulations, and the Command/Formation leadership will equally be held responsible,” he stated.

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.