News

JUST IN: Rivers Commissioner Mmom Resigns, Cites Toxicity In Fubara’s Cabinet

Published

2 years ago

May 15, 2024

The Rivers State Commissioner for Education, Professor Chinedu Mmon, has resigned from the cabinet of Governor Siminalayi Fubara.

Mmon, a loyalist of the Minister of the Federal Capital Territory, Nyesom Wike, is the third reappointed Commissioner to tender his resignation.

Before Mmom, the former Attorney-General and Commissioner for Justice, Professor Zacchaeus Adangor, and former Commissioner for Finance, Isaac Kamalu, resigned their appointments a few weeks ago.

Both Adangor and Kamalu resigned after Fubara directed that they should be redeployed to the Ministry of Special Duties (Governor’s Office) and Ministry for Employment Generation and Empowerment, respectively.

The former Commissioner of Education, in a letter dated May 25, 2024, and addressed to the governor through the Secretary to the State Government said he was resigning because his current workspace had become toxic.

A copy of Prof Chinedu’s resignation letter.
The letter reads in part, “I write to formally tender my resignation as a member of the Rivers State Executive Council as the Honourable Commissioner for Education with effect from today, May 15, 2024.

“It is a truism that a calm and friendly environment would stimulate efficient service delivery and enhanced productivity. It is, however, unfortunate to note that my current workspace has become toxic and no longer guarantees a favorable environment to enable me to realize my set targets for the education sector in the state.

“There is a loss of trust, animosity, and sharp division among colleagues in the same cabinet, which is unhealthy and very unfortunate.

“I want to thank Your Excellency for the opportunity to serve in your cabinet and wish you well in your administration.”

The commission, however, pleaded to his supporters and well-wishers to accept his decision to resign from the governor’s cabinet in good faith.

“My decision might not go down well with most of you, but it is best given the prevailing circumstances. Many thanks for your understanding,” he wrote on his Facebook.

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

5 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.