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66 Oyo Public Schools to benefit from SBMC-SIP

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Oyo State Government, in collaboration with the Universal Basic Education Commission (UBEC), has selected 66 public primary schools from the three senatorial districts in Oyo State, to benefit from UBEC School Based Management Committee-School Improvement Programme (SBMC-SIP).

This, the Government revealed is part of UBEC’s new strategy to involve communities in the management of schools.

The Executive Chairman, Oyo State Universal Basic Education Board, Dr. Nureni Adeniran, revealed this while speaking with members of the various School-Based Management Committees across the State in his office today.

Adeniran enjoined them to adhere strictly to the action plans approved by the Commission and see the opportunity as a mandate to serve their communities selflessly.

The Chairman charged management of the benefiting schools to make judicious use of the funds disbursed to them to improve the standard of education in the state, while he disclosed that, the project is dear to Governor Seyi Makinde’s heart.

“I urge you to please spend the funds disbursed to you judiciously and spend it on the action plans approved by UBEC, as every kobo would be accounted for”, he said.

He therefore warned them to be wary of anyone who may extort them, with the claim that OyoSUBEB was asking for ‘returns’.

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According to him, “Our attention has been drawn to activities of syndicates extorting money from unsuspecting SBMC members under the pretence of returns for the management of the board”. “Please disregard such information, as it is false and misleading”, he said.

He stressed that anybody fingered in the extortion would be investigated and appropriately dealt with within the full ambits of the law.

Describing the programme as a boost to the School-Based Management Committee – School Improvement Programme, (SBMC-SIP), Dr. Adeniran noted that the policy is a strategy which would create opportunities for SBMCs to manage the schools in their respective communities.

Dr. Adeniran also expressed optimism that the programmes would increase enrolment, retention, completion and transition in the basic education sub sector, as well as help address out-of-school-children in the State.

“As we look into ways of addressing the challenges of out-of- school children in the State, it is our belief that this programme would go a long way to increase enrolments in our public schools”, he opined.

“This Policy would strengthen partnership between our public schools and communities they are in. It would further improve these schools, and encourage community leaders around schools to be involved in the planning, management and maintenance of school properties”, he concluded.

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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.

 

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