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Oyo: NOA boss commends Ige’s two years performance.

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MRS Dolapo Dosumu of the National Orientation Agency (NOA), Oyo state has recently commended the achievements of Hon. Akeem Ige representing Ibadan South East State Constituency II in the Oyo State House of Assembly, in the last two years.

The Director, who gave this commendation in her remarks at a town hall meeting organised by her agency in collaboration with Konrad Adeneur Stiftung for House of Assembly members, a platform to give  account of stewardship to members of their constituencies held at Ibadan Grammar School hall, Molete, Ibadan, observed that from all the previous meetings so far held, the lawmaker’s account of stewardship have lengthy records of achievements, well coordinated, so organised and fully attended by members of his constituency who had not only come to listen but had come to testify to his performances with letters of appreciation from beneficiaries from various communities present at the meeting.

She noted that despite the fact that constituency projects were not part of the functions of a lawmaker, Ige has combined the job of the executive arm to his legislative duty with the physical infrastructures he has put in place for his constituency area.

Presenting the details of his stewardship/legislative duties at the meeting, the Accord Party lawmaker, Ige disclosed that he has embarked upon many infrastructures like construction of bridges, modern toilets, boreholes, drainages, school furniture, street light projects, health centres, police station as well as financial/economic empowerment to various individuals, communities and groups in the last two years.

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In addition, Ige said that he has equally sponsored bills and motions that have direct bearing on the lives of the citizens in his constituency and Oyo State in general.

He, however, used the occasion to express his immense gratitude to his political party, Accord, for giving him opportunity to contest during the last election and for the support they gave him before, during and last election as well as traditional rulers, religious leaders, market men and women, non-governmental organizations, youth group, traders, transporters, artisans, security agencies, journalists, representatives of other political parties and well wishers that attended the meeting.

He, then urged the present administration in the state to ensure the completion of all abandoned roads in his constituency which include Labo,  Eleta, Academy Owode and others so as to alleviate the sufferings of the motorists that are plying these roads.

While calling on the Commissioner of Police in the State to put  adequate security measures in place for the residents of the entire constituency from armed robbers that usually terrorised the area in recent times, Ige however appealed to the authority of Ibadan South LC D A on the need to rehabilitate Adeyemo link Osungbade Odo Oba road as a matter of urgency to alleviate the sufferings of the people in the area.

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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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