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Atiku Counsels Youths On Mentoring

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Former Vice President Atiku Abubakar who is eyeing the presidency in 2019, has stressed the need for the youths to be properly mentored before venturing into politics.

He spoke as a special guest of honour at a symposium tagged “The Man Atiku’’ organised by Turaki Youth Ambassadors (TURAYA) on Saturday in Abuja.

The Vice President from 1999 ft0 2007 on the platform of PDP, identified poor quality of education as one of the factors affecting youths’ participation in high quality politics in Nigeria.

The presidential aspirant who defected from the ruling All Progressives Congress (APC) to his former PDP again, was represented by the Chairman, All Atiku, Support Group, Mr Oladimeji Fabiyi, at the Symposium with the topic “Politics qua politic: Atiku Abubakar, the Youths and the Nigerian state’’.

Abubakar said that in developed countries, young people who had the potential of being politicians were identified in schools and exposed to political activities along their academic programmes.

“By the time they graduate from school they have mastered the political terrains of their countries. They also try to empower themselves before going full blast into politics.’’

Abubakar, however, said that in Nigeria, a large chunk of youths get involved in politics by accident, adding that they ventured into politics because politics was seen as a quick way to make money.

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He said that a lot of them crashed in and crashed out of politics because they failed to achieve their targets within a short period.

“I have come to realise that the damage that poor quality of education has done to Nigerian youths.

“This is a matter that has to be addressed to raise high number of intellectually sound youths to play high quality politics.

“They also need exposure and financial empowerment in their quest to wrestle power from the older generation who have mastered the game over time.

“Remember, the older generation of Nigerian politicians ventured into politics when they were young and since politics is addictive it is not usually easy to quit.

“The reality is that young persons must work hard and should device superior arguments and strategies to send the older generation into retirement and to achieve their political targets,’’ Abubakar said.

He noted that a lot of mentorship is required in the country’s clime to come out of smoky political terrain.

“I did mine with the late Shehu Yar’Adua just as am impacting my knowledge, skills and experience on young persons I come across.’’

He advised Nigerian youths interested in politics to subject themselves to mentorship.

Earlier, the president TURAYA, Mr Ayo Akinrimisi, said that Abubakar has paid his dues to be the next president of Nigeria, saying he has empowered many Nigerian youths.

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He pledged that TURAYA formed in 2003 would work with over 500 support groups now working and other available groups to elect Abubakar in 2019. (NAN)

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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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