News

PSC Approves Retirement Of Police Officers Above 60 Amid IG Tenure Controversy

Published

1 year ago

January 31, 2025

Editor

The Police Service Commission has ordered the immediate retirement of all senior police officers who have either exceeded 35 years in service or are above the age of 60.

The directive follows controversy over the tenure of the Inspector General of Police, Kayode Egbetokun after he clocked 60 years.

The Police and the Attorney General of the Federation have, however, said his continued stay in office is lawful.

A statement on Friday by the PSC’s Head of Press and Public Relations, Ikechukwu Ani, noted that the commission reviewed its earlier stance from the 24th plenary meeting in September 2017, which allowed force entrants to use their date of enlistment instead of their initial appointment date.

However, Ani said the PSC has now reversed this decision, citing its inconsistency with Public Service Rule No. 020908 (i & ii), which mandates retirement upon reaching 35 years in service or the age of 60.

Ani said, “The Police Service Commission rose from its first extraordinary meeting with the approval for the immediate retirement of senior police officers who have spent more than 35 years in service and those above 60 years of age.

“The commission at its 24th plenary meeting of 27th and 28th September 2017 had approved that the force entrants should have their date of appointment in the force against the date of their enlistment.

“The commission has passionately revisited their decision and has concluded that the said decision in its intent and purpose contradicted the principle of the merger of service in the public service and it violates of
Public Service Rule No 020908 ( i & ii), which provides for retirement on attainment of 35 years in service or 60 years of age.”

Ani added that the directive has been formally communicated to the Inspector General of Police for immediate implementation.

“The Commission Chairman, DIG Hashimu Argungu, retd, presided over the extraordinary meeting and had Justice Adamu Paul Galumje, retired Justice of the Supreme Court and Hon Commissioner representing the Judiciary; DIG Taiwo Lakanu rtd, fdc, Honourable Commissioner representing the Police and Chief Onyemuchi Nnamani, Secretary to the Commission in attendance.

“The commission’s decision has been conveyed to the Inspector General of Police for implementation, ” the statement 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.