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N7.9bn Paris Club Refund: Oyo Govt. Dedicates 60% for Salaries.

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THE Oyo State Government has disclosed that 60% of the latest Paris Club Refund of N7.9bn will be expended on salaries, wages and pensions of workers in the state, saying that its decision to use 100% of its federal allocations for workers’ welfare still stands.
The government has also explained that about 80% of its much touted debt profile of N115bn by political opponents is made up of salaries, gratuities, pensions and wages owed workers and pensioners in the state, emphasizing that it also includes gratuities and pensions predating Governor Ajimobi’s administration.
The State Commissioner for Finance and Budget, Mr. Abimbola Adekanmbi made these explanations while featuring on a live Programme on a private radio station in Ibadan at the weekend, saying that the remaining 20% is largely composed of financial support from the federal government such as budget support and infrastructural loan.
Adekanmbi stated that the the Abiola Ajimobi’s administration is very committed to the welfare of the entire people of the state, hence, its decision to deplore 60% of the first disbursement of the first tranche of Paris Club Refund for workers welfare which is more than the 50% suggested by President Muhammad Buhari.
According to the Commissioner, “We will all recall that President Buhari has told state governments to use at least 50% of the refund for workers’ wages, salaries and allowances. We are doing more than the 50% in Oyo State. When we collected the first tranche of N7.2bn, we used 60 % for workers’ salaries and wages. We also collected a part two of the inflow of the sum of N5.003bn and committed 100% to salaries and salary related payments of workers in the state.
“We have paid two months salaries three times consecutively and the governor has not relented in his efforts to clear all the outstanding wages. We will all remember that Oyo State was initially excluded from the refund, but the governor’s tenacity and strong will ensured that we also got our share.
“It amazes me when people throw figures in the air without proper explanation or understanding. It is ver disappointing when people who claim to be knowledgeable bandy figures for mischief with malicious intent for cheap political gain. Our books are available for all to see and the leadership of the workers’ unions meet with us regularly. We devote 100% of our federal allocations to workers’ salaries and salary related and we did not borrow all the N115bn debt.
“About 80% of it is an accumulation of outstanding salaries, pensions, gratuities including those from previous administrations. We will do all within our capacity to always set the record straight and put things in proper perspective with a view to enlightening the public,” Mr. Adekanmbi said.
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Easter: Rep Oseni Seeks Unity, National Renewal Amid Challenges

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As Christians across the globe celebrate the resurrection of Jesus Christ, the Member representing Ibarapa East/Ido Federal Constituency of Oyo State, Engr. Aderemi Oseni, has urged Nigerians to draw inspiration from the message of Easter to strengthen national unity, renew their hope, and rise above the challenges facing the nation.

In a statement on Friday by his media aide, Idowu Ayodele, and made available to journalists, the lawmaker noted that Easter symbolises the triumph of life over death, hope over despair, and renewal over decay—virtues he described as urgently needed in today’s Nigeria.

He urged citizens to use the occasion as an opportunity to reflect on the country’s journey and commit to a shared vision of progress and peace.

“Easter reminds us that no situation is beyond redemption. Just as Christ conquered death and rose again, so too can our nation overcome its present trials—if only we act with faith, courage, and a common purpose,” Oseni said.

Acknowledging the economic and security challenges facing the country, he stressed the importance of collective resilience and unity among citizens. The lawmaker noted that while efforts are being made to address these issues—with signs of improvement—it is essential for Nigerians to continue supporting the President Bola Tinubu-led administration in its drive for national recovery and progress.

“Our strength lies in our unity,” he said. “We must resist the temptation to be divided by ethnic, religious, or political differences. Easter calls us to a higher sense of responsibility—to forgive, to heal, and to build together.”

Oseni, who also chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), reaffirmed his commitment to grassroots development, and national transformation through quality infrastructure and people-centered legislation. He promised to continue using his position to advocate for policies that improve the welfare of his constituents and all Nigerians.

The APC chieftain further urged Christians to go beyond the rituals of Easter and live out its message in their daily interactions. “This season should inspire us all to be better citizens, better neighbours, and better leaders in whatever space we occupy.”

The lawmaker concluded his message with prayers for peace, stability, and renewed hope across the country, saying, “May this Easter mark a turning point in our collective story as a nation. May Nigeria rise, like Christ, into a new dawn of greatness.”

 

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FG Declares April 18, 21 Public Holidays for Easter Celebration

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The Minister of Interior, Dr. Olubunmi Tunji-Ojo

The Federal Government has declared Friday, 18 April and Monday, 21 April 2025 as public holidays to mark Good Friday and Easter Monday celebrations across the country.

This was announced in a statement issued on Tuesday by the Permanent Secretary of the Ministry of Interior, Dr Magdalene Ajani, on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo.

“Announcing this on behalf of the Federal Government, the Minister of Interior, Dr Olubunmi Tunji-Ojo extended heartfelt congratulations to Christians across the country on this joyous occasion,” the statement read.

The Minister emphasised the significance of Easter, urging Christians to reflect on the virtues of sacrifice, love, and selflessness exemplified by Jesus Christ, who laid down His life for the redemption of humanity.

Dr Tunji-Ojo also encouraged Nigerians to use the holiday period to offer prayers for peace, unity, and stability in the country. He reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the Renewed Hope Agenda, aimed at driving national growth and development.

In his message, the Minister called on citizens to extend love and goodwill to their neighbours through acts of kindness and generosity, embodying the spirit of Easter.

He concluded by wishing Christians a blissful Easter celebration and extended warm holiday greetings to all Nigerians.

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Pandemonium as Irate Investors Storm CBEX Office in Ibadan

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There was pandemonium on Tuesday at the Ibadan outlet of CBEX, a digital trading asset firm, as angry investors stormed the premises in protest, vandalising property and looting valuables.

The unrest, which occurred in the Oyo State capital, was triggered by reports that investors had been unable to access or withdraw funds from their accounts on the platform for several days. Matters escalated when many of them reportedly discovered that their investments had completely vanished.

The protest, initially peaceful, quickly degenerated into violence, resulting in looting and physical assaults on some staff members of the firm. Witnesses say the situation became uncontrollable as emotions flared and the aggrieved investors accused the company of operating a Ponzi scheme.

The affected investors were said to cut across various walks of life, including artisans, traders, and civil servants, all of whom had put their trust—and money—into the digital trading venture.

It took the intervention of security operatives to restore calm and disperse the rampaging crowd. Officers have since cordoned off the building and maintained a presence overnight to forestall further breakdown of law and order.

As of Wednesday morning, normalcy had returned to the area. Vehicular and pedestrian movement has resumed, with business activities gradually picking up.

Authorities are yet to issue an official statement on the matter, but concerned stakeholders are calling for a thorough investigation into the operations of CBEX to protect future investors from similar occurrences.

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