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Appeal Court verdict: Afenifere warns against anarchy in Oyo

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The Pan-Yoruba Socio-Political Organisation, Afenifere, on Tuesday warned against any situation that could foist anarchy on Oyo State in respect of the ruling of the Court of Appeal on the Governorship election in Oyo State.

Afenifere, in a communique made public after its meeting in Akure, Ondo state, condemned what it called “jurisprudential anarchy” daily unfolding in the country.

The communique, signed by Afenifere’s National Publicity Secretary, Yinka Odumakin indicated that Afenifere at its meeting reviewed the ruling of the Court of Appeal on the Governorship election in Oyo state and resolved to warn against anarchy in a state that has history behind it.

The communique read: “Meeting reviewed the recent ruling of the Appeal Court on Oyo Gubernatorial Polls and was at a loss as to the jurisprudential anarchy daily unfolding in our judicial system.

“That one decision of court confused even the media for the next 48 hours is a challenge to our judiciary to always try and make itself clear to the ordinary people.

“It is our hope that the Supreme Court to which the parties have now headed will resolve the matter in the interest of justice and the integrity of the justice system.

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“We do not want any upheaval in the city that has history behind it.”

The Afenifere also saluted the oldest privately-owned newspaper in Nigeria, Tribune newspapers for clocking 70 years on the newsstands.

Afenifere said: “That the newspaper has survived 70 years in a country whose graveyard has a section for failed publications is a testimony to its foundation of truth and integrity.

“We pray for continued survival of the paper without departure from the dreams of its founder.”

Afenifere also condemned what it called the third term agenda brewing in Abuja, the nation’s capital, adding that the idea should be perished immediately.

It said: “Meeting took serious note of the rumoured plans to subvert the Constitution of Nigeria to allow  President Buhari to have a third term in office which started with a an APC Senatorial Candidate in Bauchi last year during ac bye-electiion declaring that he was coming to the Senate to work for a third term term for Buhari.

This was followed by the President who has a maximum of possible 8 years in office telling the country he was going to lift 100million Nigerians out of poverty in TEN years.

To douse the tension the rumoured plot is generating the President made a denial a few days ago which  we took with a pinch of salt because it is not the first time politicians would pursue what they are denying in Nigeria swearing with Allah/God.

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We have not forgotten that General Buhari told this country in 2011 that he would do only one term if he became President. He is now on a second term. He also promised Nigerians in 2015 that he would not have the office of the first Lady as President. He was mute when the wife issued an order that she must be addressed as First Lady and he has gone ahead to appoint 6 aides for the office.

Meeting also observed that the reason given for the President for not thinking of a third is the Constitutional limit of two terms without talking about what he would do if that hindrance was removed.

With the National Assembly in the pocket, the only hurdle left to change that provision would be two-thirds of Houses of Assembly and we have seen the President holding a meeting of 36 Speakers.

And shortly after this meeting, an APC member in Eboyi State has approached a Federal High Court to compel the National Assembly to remove the constitutional impediments against third term for President and Governors.
“We have seen this fire before for this smoke not to be strange to us. Afenifere therefore calls on Nigerians to be vigilant and thwart any attempt to take the country for a ride once again.”

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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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