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Coalition: Oyo ADC stands with Makinde

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Oyo state chapter of the  African Democratic Congress (ADC) on Wednesday reiterated its total commitment to the coalition government in the state led by Engr Seyi Makinde, saying that it remains an integral part of the coalition government.

The party also informed that the facts, claims and conclusion set out in a press statement issued by Senator Oluwafemi Lanlehin, its gubernatorial nominee in the coalition arrangement and rejoinder issued on behalf of Governor Seyi Makinde of the Peoples Democratic Party (PDP)  by his Special Adviser on Strategy and Political Matters regarding the withdrawal of Senator Lanlehin from coalition government necessitated its intervention.

Its former governorship candidate, Olufemi Lanlehin, had on Tuesday announced  that he had withdrawn from the coalition because Mr Makinde had deviated from the pre-election agreements that produced the coalition coordinated by former Governor Rasidi Ladoja.

The party, in a press statement issued by its Acting Publicity Secretary, Barrister Bimpe Adelowo and made available to Mega Icon Magazine, noted that as one of the coalescent parties that formed the current government in the state expressed its concern on the press statements issued by both its gubernatorial candidate and Oyo State Governor regarding the coalition arrangements and reactions trailing the said statements.

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Adelowo maintained that ADC is still committed to coalition arrangements as an integral part of Oyo State Government.

“ADC at this juncture, reiterates its total commitment to the coalition government in Oyo State and it equally assures everyone that it remains an integral part of the coalition government in Oyo State.

“ADC understands that there might be resolvable minor understanding among few leaders within the coalition arrangements based on their individual philosophy, values and principle; however, this does not in any way suggest breakdown of the coalition arrangement.

“ADC has thus far taken a responsible and responsive urgent measure to nip the situation in the bud to rest and step down the disagreement which provoked the withdrawal of Senator Oluwafemi Lanlehin from coalition government.

“This is not the time to trade blame, but a period of sober consolidation of strength of the forces that terminate the reigns of the inhuman and tyrannical government of APC in Oyo State.

“We therefore appeal for calm among all the leaders and urge them to give peace a chance in the interest of numerous followers and general public”, the statement reads.

The party, however,  appealed to the state governor, Makinde to forthwith continue with the lofty idea of implementation of coalition agreement on other appointments across boards (Senior Special/Assistants, Special Assistants, Executive Assistants, Boards and Parastatals, Local Governments inclusive).

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ADC, equally appealed to the general public and teeming members of the coalescent parties to see themselves as one in this struggle and desist from heated, rhetoric and caustic accusations.

 

 

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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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