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Buhari replies PDP on plans to impeach Saraki while in London

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The Presidency, Thursday night denied allegation by the opposition Peoples Democratic Party, PDP, that President Muhammadu Buhari’s planned 10-days leave to London was a plot to impeach
the Senate President, Bukola Saraki.

The presidency in a statement by the Senior Special Assistant to President Buhari on Media and Publicity, Malam Garba Shehu in Abuja, said Buhari is a democrat that does not indulge in any unconstitutional and illegal act.

In the statement titled “Nigerians don’t believe PDP anymore” called on the opposition party to proffer solutions to issues in the country rather than ‘cry wolf’

The statement read: “Claims by the failing Peoples Democratic Party that President Muhammadu Buhari had taken a token a 10-day leave in order to leave the stage for illegal and unconstitutional actions by the administration are both ridiculous and a hollow narrative to garner cheap sympathy.

“That the President, himself a sworn democrat had handed power to his deputy without compulsion is itself exemplary and innovative, something that the PDP failed to produce in their sixteen years of monumental mismanagement and sadistic plunder.

“For the benefit of the doubters, Professor Yemi Osinbajo, SAN, the Vice President who acts in the absence of the President is a lawyer of the highest rank and a social rights crusader who had received local and international acclaim before he took the president office.

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“It is inconceivable that this is the team to copy the bad manners cast in stone in the PDP.

“We welcome objective criticism and take them seriously and humbly, but Nigerians must by now be tired of a party, the stock in trade of which is to cry wolf where there is none, ostensibly to spread negativity and distract the President’s attention from the cleansing operations he has been mandated carry out.

“The President is carrying out difficult reforms for the future growth of the country, such as the implementation of the ease of doing business, the Treasury Single Account, TSA, the whistleblower process, and hundreds of others, including the massive investment in rail, roads and power.

“If such reforms had happened in 16 years of the PDP, it would have made things much better for the country. “Instead, they seem to be fixated with a desperate quest for power, nothing but power for its own sake because they have nothing to offer. They draw a sadistic pleasure when things appear to be going wrongly, yet they offer nothing by way of remedy or solutions.

“The whole country is fighting corruption and the ordinary citizen is happy about all that is happening. The economic parameters have changed for the better, a clear indication that the administration’s political and economic strategies are working but the opposition is not interested.

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“If the PDP doesn’t have anything that would help our farmers, women, the common man and the youth, they should just keep quiet.

“In the end, one thing Nigerians should take away from the cacophonous falsehoods from the PDP and the tenants back in their tent is that they all fear one thing, that their old records will be reopened.”

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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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