News
Why We’re Deducting Federal Workers’ Salaries – AGF
The Office of the Accountant General of the Federation has informed all federal workers of ongoing salary deductions following salary overpayments in December 2024 due to a system error.
In a Friday statement signed by the Director of Press and Public Relations, Bawa Mokwa, the OAGF explained that overpayments are currently being recovered through deductions from affected workers’ salaries.
The OAGF said there were no shortfalls in salaries paid to federal workers in January and February 2025, adding that the amounts received during this period reflected normal salaries after the exhaustion of various arrears paid in the last quarter of 2024.
Workers had received arrears for the minimum wage, the 25 per cent and 35 per cent salary increase, and wage awards between October and December 2024, the statement noted.
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These additional payments had temporarily inflated salaries, leading some workers to mistakenly believe their January and February salaries had been reduced.
“Payment of normal salaries after exhausting the various arrears began in January 2025, which made some workers think that they were shortchanged when in actual sense, it was their real salaries. A glance at the current salary table will substantiate this further,” the statement read.
Barring any future salary adjustments, the OAGF maintained that the salaries paid in January and February 2025 would remain unchanged until a review by the Federal Government.
On the December 2024 overpayments, the OAGF confirmed that the system error responsible for the excess payments had been corrected, and deductions were ongoing to recover the funds.
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“There were cases of overpayments in December 2024 due to system error, adding that the error has been corrected and deductions in respect of the overpayments from the salaries of affected workers were ongoing and shall continue until such overpayments were fully recovered,” it stated.
Regarding the payment of promotion arrears, the OAGF explained that the process is managed by a Standing Committee on Promotion and Salary Arrears in the Budget Office of the Federation, which compiles and vets salary and promotion arrears from Ministries, Departments, and Agencies before forwarding them to the Integrated Payroll and Personnel Information System for payment.
According to the OAGF, batches 1 to 6 of the promotion arrears payments have been fully processed, with further payments awaiting approval from the Budget Office.
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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