News

Why President Is Yet To Move Into Villa Six Weeks After Inauguration

Published

3 years ago

July 16, 2023

Editor

Over six weeks after assuming office, President Bola Tinubu has yet to occupy his official residence at the Aso Rock Presidential Villa, Abuja.

While the President has been actively using his private conference room, office space, and Aso Chambers for crucial meetings with local and international guests, his official residence east of the office remains unoccupied.

In the afternoon of May 29, hours after his inauguration, Tinubu arrived at the State Banquet Hall for lunch with fellow Heads of State and country representatives, who witnessed the ceremony at Eagles Square, Abuja.

However, it is normal to see the President’s convoy leaving the premises at the close of his work day, bypassing his official residence, exiting the Villa, and heading for his Maitama private mansion. The same applies to his daily resumption.

The PUNCH learned that the reason could be the ongoing renovation that began in late April when former President Buhari vacated the 32-year-old structure for a temporary residence called the Glass House.

On May 6, 2023, weeks before Tinubu’s inauguration, maintenance work began around the Villa. It encompassed recoating worn-out portions with white paint, and a change of furniture in the green room of the Council Chamber, among others.

A spokesman for Buhari, Garba Shehu, had tweeted under a picture, “Painter at work. Villa wearing a new look for the incoming President.”

A senior source in the State House had told our correspondent that Tinubu, like his predecessors, was expected to decide what kind of furniture would be installed in his official residence.

Although Buhari moved into his new residence almost three weeks after his inauguration, Presidency sources confirmed the delay to our correspondent and said the same could not be expected of the new Commander-in-Chief, who is moving in eight years after a previous occupier.

The source stated, “These things are relative. It is not fixed at all. Goodluck Jonathan stayed for five years, and Buhari stayed for eight years. So, the level of repairs that needs to be done this time must have increased.

“There may be major alterations they are trying to do. For example, the Council Chamber we use today didn’t have all the technology it has now.

“There was a point during Baba’s (Buhari’s) tenure that it had to be shut down completely because they wanted to upgrade it. We were using the First Lady’s conference room for Federal Executive Council meetings at that time. And it took a long time to effect the changes.”

Another source said, “It’s also about individual choices, what you want in a place. But he (Tinubu) occupied the office as soon as he came in.”

On June 10, a security source confided in our correspondent, “He (Tinubu) has not moved in because maintenance is still on.”

Meanwhile, our correspondent also confirmed that the Aso Rock Chapel had been actively holding weekly meetings even though the First Lady, Oluremi Tinubu, has yet to worship there.

The First Lady had stated that the President had not appointed a chaplain for the Aso Villa Chapel after the exit of the former Chaplain, Seyi Malomo.

Mrs Tinubu, in a statement last Monday, said the President reserved the right to appoint a chaplain while debunking claims on social media platforms that the Aso Villa Chapel had been closed down.

She said, “Our attention has been drawn to a story on social media about the purported closure of the Aso Rock Chapel by the First Lady; we wish to state categorically that this is a fabrication and a false representation of the true situation.

“The First Lady at no time gave such a directive that the chapel be shut nor asked for the keys to be handed over to her.”

At the time of filing this report, the former chaplain could not be reached.

PUNCH

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.