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Ajimobi promises shrewd management of endowment fund.

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Governor Abiola Ajimobi of Oyo State has disclosed that the recently introduced health insurance scheme is compulsory for all residents of the state, assuring that funds realized from the N50bn endowment will be judiciously utilized and well accounted for in line with the administration’s tradition of prudence, transparency and accountability.

The governor said that the N650 month subscription fee for the health insurance will be deducted from the salaries of workers in the state, stressing that the workers of state’s contractors will also be mandated to subscribe to the scheme.

Governor Ajimobi made these disclosures on Thursday at the official launch of the N50 billion HealthCare Endowment Fund, which attracted donations and pledges from International organisations, private sectors, government functionaries, traditional rulers and eminent personalities, for the restoration and transformation of government hospitals and health centres in the state held at the International Conference Centre, UI, Ibadan

He said “the recently introduced Health Care Insurance Scheme is a move in this direction.  Our target is the active participation of all and sundry in the development, management and funding of Health Care Services.  While I heartily appreciate the high level of subscription already recorded, I wish to enjoin all those who are yet to register to go forth now to enjoin the benefits.”

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The governor explained that there are growing examples in Nigeria where private sector involvement in healthcare delivery is helping in no small measure to complement Government’s efforts in the provision of efficient and sustainable healthcare services, noting that as individuals and corporate bodies, everyone should give back to the system part of what the system has given to us.

Governor Ajimobi stated that private sector involvement in healthcare dates back to 1883 when compulsory sickness insurance was introduced in Germany for some categories of workers. Pointing out that this marked the establishment of the first model of mandatory healthcare insurance in the Western world.

According to him, “Our administration has also realized the fact that we cannot fund the health sector alone without the active support of, and assistance from, the private sector and corporate bodies.  We must, therefore, do all within our capacity to promote and achieve healthy living in our State.

“The endowment fund  will no doubt, take care of most of the issues which have arisen from the dearth of fund owing to the dwindling resources of Government. I therefore charge you all to join us in our avowed commitment to revolutionize the health sector for enhanced service delivery as our administration has identified and treated health as one of the cardinal sectors,” he added.

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Governor Ajimobi, who charged everybody to take the issue of their health seriously with regular check-ups, stated that the government has constituted a Board of Trustees consisting of eminent personalities and people of high moral standing to manage the fund, saying “let me assure you all that the Fund we are endowing today will be judiciously utilized and well accounted for in line with our administration’s tradition of prudence, transparency and accountability. As such, you are all assured of prudent application of the fund.”

In his address, the Chief Launcher at the Endowment Fund, Dr Paul Abolo said that health should not a humanitarian issue nor philanthropic, stating that it should be seen as the responsibilities of all to provide quality health care delivery.

The State Commissioner for Health, promised that the fund realized from the endowment fund will be used for equip the state hospitals, assuring that the Primary Health Centre in the state will be upgraded to international standard in the next 6months.

In his own speech, the Consultant on the endowment fund and Managing Director of HealthCare Communications noted that the concept of an endowment fund is  international, stating that 30/40% of investment in Health comes from high networth individuals.

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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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Nigerian Journalist Ojukwu Freed After 10 Days in Police Custody

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Nigerian Police authorities have released Daniel Ojukwu, the detained journalist with the Foundation for Investigative Journalism (FIJ).

Ojukwu, who went missing with his phone numbers switched off and whereabouts unknown to colleagues until it was found out he was detained by the police, regained his freedom on Friday.

“Daniel Ojukwu, the FIJ reporter who was abducted by men of the Intelligence Response Team (IRT) of the Inspector-General of Police, has regained freedom after 10 days in police captivity,” the FIJ wrote on its website about Ojukwu’s release.

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“Ojukwu went missing on Wednesday, May 1, his numbers switched off and his whereabouts unknown to colleagues, family and friends.”

He was detained for purportedly infringing upon the country’s Cybercrime Act, widely condemned as a means of censorship.

The journalist’s apprehension and subsequent relocation to Nigeria’s capital, Abuja, came after his coverage of suspected financial mismanagement totaling over N147 million ($104,600) implicating a senior government official, as reported by his employer.

A banner is displayed during a protest at the Force Headquarters in Abuja demanding the release of Daniel Ojukwu on May 9, 2024, Thursday. Credit: @BukkyShonibare

Following his arrest, friends, colleagues, and supporters rallied behind Ojukwu, demanding his release.

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I On Thursday, a coalition of media and civil society groups staged a protest at the Force Headquarters in Abuja, condemning his prolonged detention.

Addressing journalists, spokesperson Bukky Shonibare expressed concern over the escalating attacks on press freedom and the stifling of dissenting voices.

She emphasised that after nine days in detention, during which Ojukwu was allegedly arrested on the orders of the inspector general of police, the authorities were obligated to either press charges or release him unconditionally.

Upon Ojokwu’s release, an elated Bukky expressed gratitude on her social media handle, thanking Nigerians for their unwavering support.

“Daniel Ojukwu is free. Thank you, Nigerians,” she shared. “Thank you, everyone.”

 

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