News

Reps Threaten Warrant Of Arrest On IOCs’ Chiefs

Published

2 years ago

March 8, 2024

Editor

The House of Representatives tripartite committees investigating the implementation of corporate social responsibility by multinational oil companies and other corporate bodies in the South-South have threatened to issue warrant of arrests on the headship of the companies that failed to honour their summons.

Chairman of the tripartite committees, Professor Obiageli Lilian Orogbu, frowned on the failure of some major oil companies to attend the investigative hearing which held in Abuja.

Professor Orogbu warned that she and her co-chairmen as well as the entire members of the committees would not hesitate to deal with any organization that failed to respect the investigative panel.

“The House has asked us to carry out this exercise based on quantum of petitions from host communities against most of you and we will not take kindly to any organization that decides to undermine this assignment,” she warned.

Orogbu, who had in her opening remarks emphasized that the essence of the investigative hearing was borne out of genuine intention of the parliament to see that corporate bodies operating in Nigeria kept to the best practices of corporate and environmental behaviours within their host communities, acknowledged that reports at the disposal of the parliament showed that a lot of the companies were lagging behind in this regard.

She said: “We want to see a change and also ensure that what you do as corporate social responsibility to your hosts are commensurate with the level of businesses you do.

”Some of you observe corporate social responsibility in other countries you operate but you fail to do same here because nobody cares.

“We want a new Nigeria and we need you to work together with the government to rebuild this country. I know that some of you are doing quite well but there are many of you that are not responsible enough.”

Members were also not happy that the companies that attended the hearing didn’t come with the evidences of what they had done for their host communities.

For that reason, the meeting was rescheduled to another date which will be communicated to them by the secretariat.

The committees involved in the investigative hearing are the corporate social responsibility, Niger Delta Development Commission and that of host communities.

The companies that attended the hearing included Dubri Oil company, Lee Engineering, Equinor Oil, Famfa oil, ?Sahara Group , Network E&P Ltd, Monipulo Ltd, GereenVille LNG, ?Chirus Energy, Seplat Energy, Roviigs Ltd, and Chevron.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

4 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

4 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

6 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.