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Encomiums as Oyo Lg chief, Adegoke commissions health care centre, donates to  the physically challenged

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The residents of Kube/ Atenda Community were full of praises and excitement on Tuesday as the Council Chief  of Ibadan North Local Government Area of Oyo state, Hon. Adedayo Adegoke commissioned a storey building health care centre for the community.

The previous four rooms facility was demolished in 2017 to pave way for this standard edifice.

In his welcome address, the chairman, Hon. Adegoke appreciated the state governor , Senator Abiola Ajimobi for appointing him first a caretaker chairman before he was elected on May, 2018. He highlighted some of his achievements which include prompt payment of salaries, healthcare delivery, infrastructures among others.

Also, in his remarks at the event, the Head of Local Government Administration, Pastor Olumuyiwa Olaoye charged the community members to safeguard the facility. He enjoined them to consider the healthcare centre as their property.

The medical director of the local council, Dr. Monday Famakinwa described the centre as a standard hospital with state- of -earth equipments, adding that the place is now available for 24-hours services.

Present at occasion were the Vice Chairman, Hon. Olalekan Kazeem, secretary, Alhaja Fadekemi Mabaje, Chief of staff, Hon. Adeboye Oyewole and the Leader of the House, Hon. Sunday Adewuyi.

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Others are, Director of Education, Mrs. C. Ojo, Mrs. Biola Adedipe and Chief Matron, Mrs. Solademi.

Kube/ Atenda Community was represented by Hon. Adio Ayedun, Deacon Odeyale and other members.

 

Meanwhile, the chairman of the local government, Hon. Adebayo Adegoke had earlier donated wheelchairs, crutches and hearing aids to the physically challenged in a brief ceremony in his office.

Speaking on behalf of the beneficiaries, Miss Olawumi Gbolagade thanked the chairman and prayed for the success of his administration.

The Acting Matron of Oluyole Cheshire Home, Miss Adewunmi Ojobe and the supervisor, Mr. Lateef Lawal collected the items on behalf of their centre. Political leaders, government officials and traditional leaders witnessed the occasion.

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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