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Beneficiaries Laud US-Based Don’s Loan Scheme at First Anniversary Celebration

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Beneficiaries of the Ferefayo Empowerment Loan Scheme have commended its founder, Dr. Olatunde Olusesi, a United States–based university teacher, for transforming small-scale trading at Itoku Market, Abeokuta, through his zero-interest microloan initiative.

 

The commendations came on Tuesday, November 11, during the first anniversary celebration of the scheme, held under the Itoku Market bridge, venue of the annual Lorranisa 11/11 Day Celebration.

Launched last year on Dr. Olusesi’s 60th birthday, the loan scheme was established in memory of his late mother, Alhaja Anisat Amosa Olusesi, a successful trader at the same market before her passing in May 2024.

The scheme, now an integral part of the Ferefayo Empowerment Programme, provides petty traders with N25,000 microloans on flexible repayment terms.

 

Speaking at the event, Abolade Afeez, General Manager of Lorranisa 11/11 Enterprises and the Ferefayo Empowerment Programme, described this year’s celebration as “especially significant” for marking the first anniversary of the loan scheme and the fourth anniversary of the Lorranisa Tricycle Co-ownership Programme (LTCOP).

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According to him, “Both initiatives are aimed at helping low-income earners achieve sustainable livelihoods. While the microloan scheme targets traders, the tricycle programme enables members to co-own tricycles and pay gradually.”

 

Several beneficiaries testified to the positive impact of the scheme. Mrs. Keshinro, who represents a group of ready-made clothes sellers, said her cooperative group had successfully repaid their first loan and nearly completed payment on a second. “We’ve seen real progress in our businesses because of this opportunity,” she said.

Another trader, Kudirat Omotayo Ibrahim, representing the Itoku Market clothes sellers’ association, disclosed that a separate N1 million loan facility provided by Dr. Olusesi for clothes merchants had “greatly boosted” their trade.

Guest lecturer, Elder Olugbade Ogunsiji, praised the initiative but urged beneficiaries to adhere to repayment schedules, stressing that defaults hinder others from accessing the revolving fund. He also advised traders to cultivate a savings habit for long-term financial security.

 

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The celebration also featured free health checks in partnership with the Ogun State Health Centre, Oke-Ilewo, where attendees underwent blood pressure, sugar, malaria, and hepatitis tests.

 

In addition, the Federal Road Safety Corps (FRSC), represented by Adesanya Ademola of the Ibara Housing Estate Command, delivered a lecture on road safety ahead of the festive season.

 

Afeez revealed that over 300 people have benefited from the loan scheme since inception, expressing gratitude to contributors and investors, including the Baptist Boys’ High School Old Boys Association, for their support.

 

The event concluded with cash gifts to elderly attendees, marking a day of gratitude and renewed commitment to community empowerment.

 

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Actress Aunty Ajara is dead

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Ajara Lasisi, the Nigerian actress better known as Aunty Ajara in the Yoruba film industry, is dead.

According to her family, Ajara died in the early hours of Thursday.

News  of her death was announced by Ridwan Lasisi, her brother, in a heartfelt video message

Ridwan extended deep gratitude on behalf of the family. He thanked the film community for their outpouring of support.

He also made a specific plea to the public, asking that the stream of financial assistance sent for her medical care be halted.

“Good morning to you all. My name is Ridwan Lasisi. I am a brother to Ajara. The doctor confirmed to us this morning that Ajara has passed on,” he said.

“All the families, we are using this period to appreciate you all. We appreciate the president and all industry members.

“We also use this opportunity to appeal to those sending money not to send it anymore. The one we are contributing for her sake is no more. Thank you so much. We do not want you to send money into that account again.”

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The actress’ health struggles became public knowledge last week after a public appeal for support was shared by her colleague Ronke Oshodi-Oke.

Oshodi-Oke had revealed that Lasisi was hospitalized in critical condition, relying on an oxygen machine, and that her health was deteriorating despite extensive medical care and substantial financial cost.

Aunty Ajara was celebrated for her compelling and often maternal roles in terrestrial-themed stories. She graced the screen in numerous popular films, including ‘Gingerrr’, ‘Queen Lateefah’, and ‘Isiti’.

Last year, the actress shared a personal tragedy, revealing that she had once lost a child.

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It’s AI-generated’: Oshiomhole denies video of him massaging lady’s feet

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Adams Oshiomhole, the senator representing Edo North senatorial District, has said that a widely circulated video appearing to show him massaging a woman’s feet aboard a private jet is a “fabrication created using artificial intelligence (AI)’.

The controversial video, which surfaced on social media on Tuesday, depicts a man resembling the former Edo state governor engaging in a lighthearted conversation with a woman, massaging her feet as they rest on his lap.

The woman was initially misidentified as Lara Fortes, the wife of the senator representing Edo north district.

It was later reported that the woman in the video is Leshaan Dagama, a South African lifestyle influencer and adult content creator.

Reports also alleged that Dagama originally posted the video on her TikTok account but deleted it shortly thereafter.

The footage has sparked backlash against the senator, with many Nigerians on social media criticising his alleged conduct amid the country’s severe economic hardship.

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Others used the opportunity to mock his recent controversial statement in which he claimed some citizens were now complaining that “food prices are becoming too cheap”.

In response, Oseni Momodu, Oshiomhole’s media aide, issued a statement, rejecting the video’s authenticity.

The aide described it as a “poorly crafted AI-generated video,” asserting it does not depict a real event.

The statement faulted the circulation of the video by some online platforms and accused them of sharing unverified content.

It described the circulation of the video as cyberbullying and said steps had been taken to identify those responsible for producing and publishing it.

The statement urged the public to verify content before sharing allegations against public officials.

Dagama also addressed the controversy on her Instagram story, redirecting the public’s anger toward the senator.

“Your senator is the problem. Go be mad at him not me,” she wrote

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Ojulari praises Dangote refinery over stability in Nigeria’s energy system

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Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, has praised the Dangote Petroleum Refinery as a critical stabiliser of Nigeria’s energy system, amid the state-owned oil company’s challenges in operating its government-owned refineries and meeting domestic fuel demand.

Ojulari, who spoke during a fireside chat titled“Securing Nigeria’s Energy Future” at the Nigeria International Energy Summit 2026 on Wednesday in Abuja, said the existence of a functional local refinery provided NNPC with much-needed “breathing space” amid intense pressure to maintain fuel supply continuity.

He said the Dangote Refinery has been a major relief for Nigeria’s fuel supply, urging Nigerians to appreciate its impact regardless of personal views about its owner, noting that the plant’s operations had drawn applause from participants at the event.

“Thank God for Dangote Refinery. Thank God. Whether you love Dangote, you hate him, say whatever you want to say, Nigerians should thank God for Dangote,” Ojulari said, drawing applause from the audience.

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According to him, the coming on stream of the 650,000 barrels-per-day refinery marked a major relief for Nigeria at a time when legacy state-owned refineries were still struggling to deliver at scale.

Ojulari stressed that beyond capacity, the refinery’s local ownership was equally significant for national energy security.

“Thank God he’s a Nigerian. He’s not someone from another continent or another planet. Despite everything, that gave us an opportunity because we have a refinery that is working,” he said.

While acknowledging that the refinery does not yet meet Nigeria’s full domestic fuel demand, the NNPC boss said its operations have significantly reduced vulnerability in the supply chain.

“Yes, it may not meet our full needs, but it gives us a breathing space. And luckily, we are shareholders in that refinery as well,” he noted.

Ojulari’s remarks signal a notable shift from years of tension between NNPC and the Dangote Group, which had previously clashed over issues ranging from crude supply terms and regulatory approvals to pricing and market-dominance concerns.

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Under past leadership, the relationship was often characterised by public disagreements and mutual suspicion, with Dangote accusing state institutions of frustrating the refinery project. At the same time, regulators insisted on enforcing market and quality standards.

However, Ojulari said the current NNPC leadership has adopted a more pragmatic approach anchored on collaboration rather than confrontation.

“So we said, what’s the hurry? We have a refinery that is working. It’s not owned by NNPC, but it’s a Nigerian refinery, built in Nigeria, working in Nigeria,” he said.

He disclosed that NNPC has since engaged directly with Dangote to develop a framework for cooperation aligned with the Petroleum Industry Act.

“Our strategy is to collaborate with the Dangote Refinery and maximise the value delivered to Nigerians. That was our first strategy. We had a meeting with Alhaji Dangote, explained our institutional responsibilities, and we agreed on the pathway towards deeper collaboration while maintaining our role as NNPC,” Ojulari explained.

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