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Okpebholo Launches 1bn Interest-free Loan For Edo Traders

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Governor Monday Okpebholo of Edo State, has officially launched a ₦1 billion interest-free loan scheme, as part of the fulfilment of his campaign promises.

The governor at the launching also said it was a direct alignment with President Bola Tinubu’s Renewed Hope Agenda for national progress.

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Okpebholo, addressing market women and men, described the initiative as a beacon of hope for over 5,000 farmers and small business owners across the state, adding that it would inject vitality into grassroots commerce.

He said “There is an adage: follow who knows the road. That is why we decided to follow the footsteps of our President, Bola Ahmed Tinubu.”

READ ALSO: Okpebholo Prioritises Security, Workers Welfare, Says Idahosa

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He added, “Today, what we are doing in Edo State is the implementation of the agenda of the President. We thank God for the kind of leadership He has given to Edo State and Nigeria. Now, it is time for the progress for our people.”

The Governor underscored the personal commitment behind the scheme, recalling his campaign promise to provide soft loans.

He emphasized that this N1 billion fund was the fulfillment of that pledge, but with a crucial safeguard.

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“I just wanted to be sure that this money will not go into the wrong hands. That is the essence of this gathering. Because, with my past experience, whenever the Executive gives out loans, the money does not get to the grassroots,”  Okpebholo noted.

READ ALSO:Join Govt In Fight Against Hunger, Okpebholo Urges Nigerians

“If you do not get this, come back to me and report.” He also revealed that this initial rollout is a “pilot test,” with its success paving the way for future replications of the scheme.

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In his statement, Honourable Commissioner for Finance, Emmanuel Ehidiamen Okoebor, said: “It is with great pride and a sense of responsibility that I stand before you today to welcome everybody to this occasion of the launching of the N1 billion interest-free loan to Edo people, our traders, our market women, our brothers and our fathers in the state,” he declared.

Okoebor said the scheme would “boost the economy of our rural areas and semi-urban areas, create jobs, and reduce poverty.”

He added, “Now, he has come to empower the people.” Crucially, he explained the zero-interest feature that sets this loan apart. “Before now, our mothers collected loans and paid 10% on N200,000. For this, there is no interest. You pay back what you borrowed.”

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“Each of the 5,000 beneficiaries will receive N200,000, with a generous 12-month repayment period and a one-month moratorium, offering vital breathing room for businesses to stabilize.”

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Ossiomo Restores Power To Customers After Barely Two Weeks Outage

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Ossiomo Power Plant has restored power to its customers after barely two weeks of blackout. The Guardian, however, learnt that the restoration covers not all customers but those on the Sapele Road axis of Benin and most especially customers on the power plant’s 33kva.

Ossiomo, an independent power generation and distribution firm was floated in 2020 under the previous government in the state to break the monopoly of Benin Electricity Distribution Company (BEDC). It generates 95MW of electricity which it supplies to government buildings, Edo State Government House, Edo NUJ secretariat, private organisations, streetlights, among others.

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The power plant, however, went off September 1, 2025, due to ownership tussle between the Nigeria partners —Ossiomo— and its Chinese partners —Jiangsu Communication Clean Energy Technology (CCETC). CCETC said “instruction to shutdown was because we lost lots of money and did not get any return on investment,” adding that “all the $20m investment was done by us including the distribution lines.”

READ ALSO: CAF Awards 2024 Final Nominees Revealed [Full list]

The Nigeria partners —Ossiomo, however, refuted their claims, alleging that the Chinese partners, having seen how lucrative the business is, “went to some quarters and raised some issues probably thinking they can manoeuvre us with the help of some big persons, so that they can use their machines to generate power and sideline us but this is not possible.”

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Apologising to customers during an interactive session with journalists and customers, weekend, representatives of the management of Ossiomo, Engr. Festus Evbuomwan, while emphasising that all their Chinese partners’ claims were false, said the management was not aware of the $20m investment the Chinese partner claimed, adding: “when they generate power, we sell and pay them, so I don’t know at what point we owe them.”

He added: “They have been also saying that they have not been receiving anything, but I want to tell you unequivocally that first, the partners run a joint account where their investment is going into. More so, The Chinese partners have received over ₦2bn so far for the power they generate with their machines. When they generate the power, we sell and pay them.”

READ ALSO: Ossiomo Power Project: Delayed Agreement Signing Due To Non-Agreement Of Oprational Processes-BEDC

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According to him, trouble started when several attempts to sideline Ossiomo by the Chinese partners failed. He added that they (Chinese partners) then came up with a request of payment of ₦185m to two Chinese staff not known to the management. He said Ossiomo management resisted payment to this ghost staff, and this led to the Chinese partners shutting down the plant totally on September 1, 2025.

Evbuomwan, who said Ossiomo has procured its own turbines and has started power generation and distribution, explained further, “We have purchased turbines, and one has started working. They are working on the second one, so, by the time our five turbines start working we will be in full capacity. Even with that, those connected to the government line may not be reached immediately. This is because the government bought the poles and contracted the wiring, and we cannot force the government to do our bid. Also, we are making efforts to site 33kva transformer along Airport Road and Lagos Road as soon as possible, so that our customers there will get power.”

Evbuomwan, while urging the “government to encourage the Nigerian citizens to invest and not to work against local investors,” added: “I must again, at this juncture, make it clear that the Edo State government does not have a stake in the company.”

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He used the opportunity to appeal to the “government to let us supply power to customers through their Lines. I want to emphasise that Ossiomo is not completely shut down.”

 

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Police Rescues Kidnap Victim, Foils Attempt To Abduct Three Others In Edo

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Operative of the Edo State Police Command has rescued a kidnap victim, Elohor Osifoh, who was abducted on September 10. 2025.

This was contained in a statement issued by the command’s spokesperson, Moses Yamu, and made available to newsmen in Benin on Sunday.

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Yamu in the statement disclosed that operatives of the command also foiled abduction of three others who were traveling to Akwa Ibom through the state.

The statement reads, “In the early hours of 13th September 2025, at about 02:30hrs, operatives of the Okada Division led by CSP Opatoyinbo John, while on a routine patrol at Morgan and Isiuwa slope along the Benin–Lagos expressway, responded swiftly to a distress call regarding a kidnapping attempt.

READ ALSO:Edo Police Arrest Doctor Over Woman’s Death During Caesarean Section

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Armed hoodlums had barricaded the highway with woods and opened sporadic gunfire in an attempt to intercept and abduct the occupants of a Toyota Sienna vehicle with registration number KUJ 342 CU (Abuja).

“The vehicle, driven by one Nana Aghogho ‘M’, aged 51 years, was conveying fingerling fish from Lagos State to Akwa Ibom State with two passengers on board.

“On sighting the gunmen, the operatives engaged them in a fierce exchange of fire, forcing the hoodlums to abandon their criminal mission and flee into the nearby bush. The driver and his two passengers, Oseghale Mathias ‘M’ (40yrs) and John Edobor ‘M’ (24yrs), were rescued unhurt.

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“The barricades placed by the hoodlums were immediately cleared, thereby restoring free flow of traffic and ensuring the safety of other road users.

READ ALSO:Police Arrest Suspected Illicit Drugs Dealer In Delta

“In a related development, operatives of the Ekpoma Divisional Headquarters led by SP Nelson Igbinoba today rescued and reunited with the family, a female victim Elohor Osifoh earlier kidnapped on 10th September, 2025 after days of relentless bush combing rescue operation.”

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Yamu stated that the Commissioner of Police Monday Agbonika, commended the gallantry and prompt response of the operatives, while assuring members of the public of the Command’s resilience and commitment to rid the state of criminal elements.

He said the CP further urged road users to remain vigilant and report suspicious movements to the nearest police formation for swift action.

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Resident Doctors Suspend Warning Strike After Two Days, Resume Work Nationwide

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The Nigerian Association of Resident Doctors (NARD) has suspended its nationwide warning strike just two days after it commenced, bringing temporary relief to the country’s overstretched public health sector.

The strike, which commenced on Friday, was suspended on Saturday night, with members directed to resume duties on Sunday.

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President of the association, Dr. Tope Osundara, confirmed the development in a message on Saturday night.

Some of our demands have been met. The government has promised to look into other issues. Strike suspended; resumption to work tomorrow (today). We did this as a sign of goodwill and to assist Nigerians who are seeking healthcare in our various facilities,” he said.

READ ALSO:JUST IN: Resident Doctors Begin Five-day Warning Strike Today

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As of the time of filing this report, details of the specific demands met had not been disclosed.

The strike had caused service disruptions in public hospitals nationwide, leaving consultants and other categories of health workers to manage increased workloads, resulting in delays for patients.

NARD had embarked on the industrial action to press home several demands, including immediate payment of the 2025 Medical Residency Training Fund, settlement of five months’ arrears from the 25–35 per cent Consolidated Medical Salary Structure (CONMESS) review, and clearance of longstanding salary backlogs.

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READ ALSO:Israel-Palestine Conflict: Nigeria, 141 Countries Endorse Two-State Solution

Other demands include payment of the 2024 accoutrement allowance arrears, prompt disbursement of specialist allowances, and restoration of the recognition of West African postgraduate membership certificates by the Medical and Dental Council of Nigeria.

The association also called on the National Postgraduate Medical College of Nigeria to issue membership certificates to all qualified candidates, implement the 2024 CONMESS, resolve outstanding welfare issues in Kaduna State, and address the condition of resident doctors at Ladoke Akintola University of Technology Teaching Hospital, Ogbomoso.

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