705 residents get cheap loans worth N1bn from Lagos state government

No fewer than 705 Lagos residents on Thursday, January 26, 2017, received various amounts of cheap loans almost N1bn from the Lagos State Educational Trust Fund, ETF.


The cheques of the loans, ranging from N50,000 to N5,000,000, were presented to some of the beneficiaries by Governor Akinwunmi Ambode in Lagos on Thursday.


“The loans were provided at a very affordable rate of 5% per annum, cheaper than the prevailing bank interest,” this is according to a tweet on the official Twitter handle of Gov Ambode.


Speaking on the motive of giving out the cheap loans, the governor tweeted, “This is our modest way of reflating the Lagos economy, creating jobs and getting our youths gainfully occupied”.


The Governor urged all Lagos residents, irrespective of your tribe, religion or gender to apply for this scheme.


See all the tweets below:





Zaria Massacre: Nigeria Shi’a Group Releases 705 Names, Photos Of Missing Members

The Islamic Movement of Nigeria has released 705 names and photographs of people it said are its members missing since December 12 and 13, 2015, when Nigerian soldiers carried out raids on the sect’s bases in Zaria, Kaduna State.

The raids took place after members of the sect barricaded a road, stopping the convoy of Nigeria’s Chief of Army Staff, Tukur Buratai.
The Army said it used force as the blockade was an attempt on Mr. Buratai’s life. The Shi’a group denies attacking Mr. Buratai.

After killing a sizeable number of the sect’s members on Saturday afternoon, the Army, witnesses said, returned to the Hussainiyyah base of the Shiites, as well as the resident of group’s leader, Ibrahim El-Zakzaky, in Gyellesu, also in Zaria.

Altercations that followed led to the death of more members of the group, witnesses say.

Human Rights Watch said in its report at least 300 members of the Shi’a group were killed. The organisation also said hundreds of victims were secretly buried by the army.

The army has not given an official figure of deaths.

Credit: PremiumTimes