News

Soludo Terminates Road Contract In Anambra Over Alleged Incompetence By Contractor

Published

3 years ago

December 5, 2022

Anambra State Governor, Prof. Chukwuma Soludo has terminated a road contract in Aguata Local Government Area, over alleged incompetence and delay in delivery by the contractor.

Though the name of the company handling the contract was not mentioned, a video of the governor’s visit to the site has been making the rounds on the internet.

In the video, Soludo who paid an unscheduled visit on Sunday to the road construction site referred to the company as useless and lacking the capacity to deliver the job.

The governor speaking to the project manager at the project site said: “Just take off all these things (equipment) because this contract has been terminated. I just called the commissioner for works and I have told him that this contract has been terminated.

“See what you are doing. I have terminated the contract, and you are supposed to return the money you were paid. Useless company! We gave you this contract on the basis that you are an indigenous company but see what you are doing. This is what we see. You blocked the entire highway and nobody can pass. Now, I am going to my hometown, how do I go? This is a federal highway.

“For months, you blocked the road, even for people to pass through the other highway, you blocked the road.

“This job was supposed to have been finished in October, and that was the contract you were given. Other companies that were given the same contracts like you have all delivered.”

The governor refused to heed any plea from the obviously concerned project manager, as he rejected explanations that the road had peculiarities that made it difficult to deliver at the appropriate time.

“There are other very difficult terrains, and the contractors have delivered. I have terminated the contract and there is nothing you can tell me about it. Take off all your equipment from this place and move out because another person is coming to take over the job. If you continue, it is at your own risk because we are not paying you a dime, instead, we are asking for a refund.”

Sources said the contract terminated, is a federal highway, leading from Soludo’s community to Ekwulobia town, both in Aguata Local Government Area.

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

7 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.