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Ibadan chief, Adegoke canvasses constitutional roles for traditional rulers to fight insecurity

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The Aare-Onibon Balogun of Ibadanland, Olooye Adegboyega Taofeek Adegoke has declared that there is a need for the government to involve traditional rulers in governance to fight insecurity, saying they are closer to the people.

Adegoke also advised the people of integrity such as professionals, academics, and technocrats not to steer clear of politics so as not to allow hoodlums and miscreants to be in positions of leadership. 

He stated this while featuring on a radio program “Agbami Oselu” on Fresh FM,  Ibadan, the Oyo state capital on Sunday.

Adegoke, who is Oyo south senatorial hopeful said there was the need for the government to involve traditional rulers in governance particularly on the security issue because they are closer to the people.

He called for a constitutional amendment by the National Assembly to accommodate such roles for traditional rulers in governance.

Aare-Onibon, who is the Founder of Adegboyega Adegoke Resource Centre (AARC) emphasised that security is germane to the peaceful coexistence of any community and national development.

Noting that it is high time for the government to take security issues more seriously by delegating constitutional roles to traditional rulers.

This according to him, would afford them to have first hands information on security issues in their various communities and as such, they would know how to address any security challenge that may arise from their domains.

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Adegoke, who is the Chairman, Solutions 93.9FM, Ibadan noted that to reduce insecurity to the barest minimum there should be responsibility for traditional rulers across the board, which should be spelled out constitutionally.

Adegoke, who is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and a business turnaround expert maintained that security is the backbone of any society, which is tied to its social, political, economic, and cultural growth.

According to him, the inadequacy of this vital ingredient of development has led to all manner of social ills, including violent crimes such as armed robbery, ritual killings, child trafficking, and other crimes.

Adegoke, an alumni member of both OAU Ife and the University of Cambridge Judge Business School Advance Leadership Program, said the government on its part should make traditional rulers more responsible constitutionally to their domain, to reduce social vices to the barest minimum.

According to him, “Traditional rulers are closer to the people than local government chairmen. It is very hard to see anyone who will not recognise their monarch but they may not even know their local government chairman.

“Therefore, for democracy to thrive, there is the need for the involvement of traditional rulers in governance, particularly in the area of security.

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“People of integrity should join politics in order not to give hoodlums a chance to be in power. There will be scarcity in the country. there will be a shortage of food, there will be inflation if the hoodlums take over because there is this saying that you cannot give what you don’t have. 

“If we don’t participate in politics, it is the miscreants and the hoodlums that will be ruling us and we cannot complain. We are not putting a round peg in a round hole. There is a problem of leadership and followership”, he stressed.

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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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