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Oyo APC leaders laud Dapo Lam Adesina’s performance.

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LEADERS of the All Progressives Congress (APC) in Oyo state has commended Hon. Dapo Lam Adesina, who represents Ibadan North East/South East Federal constituency for executing people-oriented projects in his constituency.

The leaders gave this commendation on Tuesday during the presentation of bursary for indigent students of tertiary institutions in memory of his late father, the former governor of the state, Alhaji Lamidi Adesina under his Omo Oloore Educational Support Scheme tagged “Lam Adesina Bursary” held at Ayisatu Asabi Hall, Felele, in Ibadan, the state capital.

Speaking at the event, Chief Ayo Eniade said the leaders were satisfied and overwhelmed with the various projects executed by the lawmaker in the area.
The APC chieftain stressed that they were happy with the performance of Dapo Lam Adesina in bringing the dividends of democracy to the constituency.

One of respected APC leaders in Oyo state, Chief Eniade addressing the gathering yesterday.

He maintained that the people would particularly remain grateful.

According to the state secretary of APC, Hon. Mojeed Olaoya, ” this is not the first time that Dapo Lam Adesina will be awarding bursary and executing other empowerment programmes. He is fulfilling his promises”.

“The son of our leader is replicating his father’s utmost philosophy, thus we are not amazed , it is expected of him. Dapo is doing well and we are very proud of him”, he added.

Hon Lam Adesina in a group photograph with the beneficiaries.

In a related development, another APC Chieftain in the state and a former Commissioner for Commerce and Industry, Dr. Kola Balogun, also added that he was not surprised with the performance of the lawmaker, disclosing that he has been watching him keenly for long.

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Balogun said, “I knew his father. He was one of the few progressives who practised what they preached. I was surprised the day he came to visit me, uninvited. I was humbled”.

The leaders jointly advised the young lawmaker to remain focused in the days and years ahead at bringing development to his people, “we appreciate the much the lawmaker has done for his constituents and for the state in general, he is truly a good representative”.

Cross section of the beneficiaries selected from various schools.

One of the beneficiaries, Latifah Ibitoye, a student of the University of Ibadan expressed appreciation to the lawmaker for his commitment to human capital development in Oyo State.

In his response, the former commissioner, Lam Adesina reassured that no electoral promise made during the campaigns by him would go unfulfilled, saying that he remained committed to fulfilling all pledges.

He noted, ” one of the promises that we had made to the people is what we have come to fulfill today.

“This is the second time we will be organising this. I promised to set up an educational scheme. I promised that many of you will benefit from the scheme. I am very sure that we are transparent enough in the selection of beneficiaries. I can assure you that those who are yet to benefit will also be considered in the future‎.”

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Thanking the leaders for their support, he urged the beneficiaries to make judicious use of the gesture.

No fewer than one hundred and fifty (150) students benefited from the second phase of the programme which had in attendance, the mother of the lawmaker, Alhaja Sarat Adesina, Hon. Sakiru Fajinmi, Engr. Kayode Arowolo, Caretaker Chairman of Ibadan East LCDA, Prince Gbade Lana and his counterpart, Mr Jonathan Ogundiwin, Caretaker Chairman, Ibadan North East Local Government amongst others.

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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