News

Osun Community Stool: Contestant Alleges Fraud, Seeks Cancellation Of Govt-ordered Selection Process

Published

2 years ago

March 1, 2024

Editor

Prince Ali Afolabi, a contestant to the stool of Aree of Iree from the Olubonku ruling house has alleged fraud in the selection process of a new monarch for Iree town.

Recall that in January, the Osun State Government released a White Paper ordering a fresh selection process for the town’s traditional stool.

“Specifically on Aree of Iree Chieftaincy, the substantive chiefs are enjoined to withdraw their suit before the Court to allow for the commencement of the selection process in line with due process and tradition,” the White Paper recommended.

The move has not gone down well with the town’s kingmakers and some stakeholders who insisted that it was an aberration of tradition.

However, Afolabi, through a letter dated February 26, 2024 and addressed to the Commissioner for Local Government and Chieftaincy Affairs in Osun, Dosu Babatunde, by his lawyer, Folorunso Apantaku, disclosed that due to the closure of courts, pending cases were yet to be withdrawn in conformity with the dictates of the White Paper.

Afolabi declared that the fresh selection process conducted on February 22, 2024 by the Boripe North local government area of the state, which purportedly produced Prince Ibraheem Oyelakin as the Oba-elect violated the rule of law and was not in line with the chieftaincy laws of Osun State procedure and the tradition of the town.

While describing the selection procedure as a complete fraud, Afolabi noted that two kingmakers voted in the election that was supposed to have six kingmakers.

“Boripe North local government failed in its statutory duty to appoint warrant chiefs to replace the vacant kingmakers.

“Out of the four kingmakers alive, two voted while the two others voted in proxy, a situation that contravenes due process and rendered the exercise illegal and unacceptable,” he claimed.

Calling on the state government to cancel the fraudulent selection exercise, Afolabi disclosed that there was an injunction restraining the local government and the kingmakers of Iree town from taking any steps in the selection process of Aree of Iree pending the hearing and determination of the Motion on Notice.

Contacted, the state Commissioner for Local Government and Chieftaincy Affairs, Dosu Babatunde, did not respond to a text message sent to him by Daily Post.

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

1 hour 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.