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371, 000 IDPs to benefit from Dangote Foundation’s donation in Borno.

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IN an effort aimed at complementing government’s humanitarian intervention to bring reliefs to the victims of insurgency and other Internally Displaced Persons (IDPs) in Borno state, Africa’s foremost businessman, Aliko Dangote has donated food items worth more than N200 million to the people.

He said he had always felt for those in the IDP camps and that the donation became more urgent given that it is Ramadan period.

The business mogul who made the donation of the items through his Foundation, The Aliko Dangote Foundation, pledged that he would be willing to complement any government efforts designed to ameliorate the suffering of the IDPs anywhere.

Chief Executive of the Foundation, Zouera Youssoufou, who made the donation and distribution of the food materials on behalf of Dangote, explained that the gesture was part of the Foundation’s humanitarian efforts contributing to the well-being of Nigerians in need.

“This gesture is in continuation of the Group’s efforts to provide succor to Internally Displaced Persons in Borno State”, she stated.

According to her, the decision to bring down to Borno the food items was the demonstration of the Foundation’s undertaking “to ensure that the IDPs also have a successful Ramadan period just as their other Muslim counterparts in other parts of the world. ”

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“The Foundation is providing food items worth N200 Million to support the IDPs in the state. Today, the Items the Aliko Dangote Foundation have delivered include: Rice, Spaghetti, Sugar, Salt, Millet, Maize, Noodles, Semolina and Wheat Meal”, she said.

The Foundation is providing food items worth N200 Million to support the IDPs in the state

The Governor of Borno state, Alhaji Kashim Shetima, who formally flagged-off the distribution, thanked the Dangote Foundation for its continuous support to the people of Borno state, epecialy to the victims of insurgency.

Said he, “words are not enough to describe how grateful the people of Borno are to Alhaji Aliko Dangote and his Foundation, who has relentlessly come to support and share in our plight in our time of need.”

He asserted that since the inception of the insurgency, the Dangote Foundation remains the largest single individual donor to the IDPs in the state after the Federal and State governments.

Also, the Executive Chairman of the State Emergency Management Agency, Engr. Ahmed Satome, said that the Dangote Foundation is unique in the sense that it provides all classes of food required by the IDPs in line with the global acceptable standards.

While commending the efforts of the Foundation, he said that a total of 371,000 individuals will benefit from this Ramadan intervention.

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Other dignitaries at the occasion include the Speaker and Deputy Speaker of the Borno State House of Assembly and other members of the Borno State Executive Council.

It would be recalled that following the report, earlier of unhealthy conditions in which the IDPs live in 2016, Alhaji Dangote visited some of the camps and his Foundation made a jumbo donation of N2 billion and hundreds of millions of Naira worth of food items.

Within a spate of five years, the total amount donated to various camps of IDPs, across the country by the Dangote Foundation has grown significantly to N6.3 billion. The Foundation donated N364 to IDPs in Kaduna, Bauchi and Gombe states after the 2011 post-election violence which rendered many homeless, while in another breath the sums of N100 million and N60 million were respectively donated to victims of flood disaster in Lagos and Oyo State also in 2011.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

ALSO READ  Dangote Foundation donates N200m for Kano Specialist Hospital rehabilitation.
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