News
Supreme Court Dethrones Obong Of Calabar

The apex court, Supreme Court, on Friday dethroned the Obong of Calabar, Édidem Ekpo Okon Abasi-Otu V, after years of legal tussle.
In the judgment written by Justice Amina Augie and read by Justice Akomaye Agim, the court upheld the judgment of the Appeal Court, Calabar, and ordered for a fresh election.
The deposed Obong is still qualified to contest and this will be the fourth time he had to step down for selection exercise.
That Etubom Anthony Ani, and others in a suit filed by his lead counsel, Mr. Joe Agi(SAN), sued Etubom Ekpo Okon Abasi Otu and others in their capacities as members of the Etuborns’ Traditional Council for jettisoning the screening process of the Western Calabar under the then Chairman, Etubom Abasi-Otu, now the Obong of Calabar, that had screened and selected Etubom Ani as their sole candidate.
Etubom Ani had instituted the suit immediately after the Etuboms’ Conclave met and declared Etubom Abasi Otu as the Obong-elect, not after he had been crowned the Obong of Calabar.
High Court of Cross River state judgement of Justice Obojor A. Ogar had sacked Abasi Otu as the Obong of Calabar on January 30, 2012 in favour of Etubom Anthony Ani and jettisoned the Appeal Court’s judgement that was in favour of the deposed Obong.
However, the Obong and others challenged the High Court judgement at the Appeal Court, Calabar, and was again sacked by the court and a fresh election ordered
Delivering judgment on June 4, 2013, the Lead Judge then, Justice Garba Lawal, who is now a Justice of the Supreme Court, ordered that:
“That the 1st appellant, Abasi Otu, was traditionally qualified and eligible to vote and be voted for as the Obong of Calabar under Exhibit 1/20 at the time of the selection process.”
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Hence, the Appeal Court set aside the selection process that produced Etubom Ani as candidate and also set aside the March 31 proclamation of Etubom Abasi Otu as Obong, ordered by the Etuboms’ Conclave of the Palace of the Obong of Calabar, whose mandate it is under Article 5(a) (ii) (iv) of Exhibit 1/20, to do so.
The court ordered it “to conduct another process of selecting a new Obong of Calabar, in accordance with the provisions of Exhibit 1/20 and in strict compliance with the rules of natural justice.”
The summary of the judgment made available to newsmen in Calabar immediately after it was delivered on January 13, 2023, states that fresh election will be held in accordance with the 2002 constitution of the Palace, in line with equity and actual justice.
At private residence of the Obong at Adiabo, some of the Etuboms who gathered there in for an emergency meeting sang a song that “till tomorrow Edidem Ekpo Okon will still win them till tomorrow”.
This is the first time in the history of the throne that the apex court will dethrone an Obong.
VANGUARD
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
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.
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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
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.
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“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
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.
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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).
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“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.
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