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In Ibadan, Micra operators protest against introduction of new fees, illegal garages.

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MICRA operators in Ibadan today protested to register their grievance against the introduction of new fees while subjecting thousands of commuters and other road users who ply  Mokola-Ojoo, Oje-Ojoo, UI-Ojoo, Beere-Ojoo among others to link other parts of Ibadan metropolis  at Ajibode  junction to sudden hardship for several hours.

The helpless operators therefore called for the abolition of the union (NURTW) in the state which they described the worst thing that happens daily.

The operators, mostly are in their middle age had reportedly descended on the NURTW officials before a team of combined security agents were moved to the area to resolve further escalation.

The vexed commercial car drivers after the clash instructed their members to down tool and excuse their passengers after getting to the junction.

Thousands of commuters plying the location  were stranded. The situation, also turned enterprise for commercial motorcyclists who made brisk business by charging exorbitant prices.

Hundreds of Micra cars were seen parked at both sides of the two-dual carriage expressway. But the security agents were well positioned at the junction

However, one of the officials of the NURTW disclosed that the issue is a union matter which has been settled.

He insisted, “this is a union matter, it has been settled. Let me give you my phone number. Call me back and meet me in the office.

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He, however later declined to make comments saying it is their leaders that can make comments on the issue. The operators, however said the issue has not been solved.

According to Mr. Saheed Wasiu, one of the vexed drivers, “what happened today is that, the NURTW want to introduce another fees here, they have pushed us to the wall, they are fond of establishing illegal garages where they collect money from us, from junction to junction to the extend that they have introduced after (money they collect from 4-8 pm).

“This morning, they said they want to start collecting money from us, each side is N100 and both side is N200 in three times, morning, afternoon and after (evening).

Also, another operator submitted, “we want their leaders to intervene, we don’t have any money left as take home.

“From Ojoo to Dugbe, we pay N2,000 every day and now they want to introduce another one now.

“In essence, we don’t want union again, we don’t want money for Saturday and Sunday anymore. It was not like this during Tokyo era”, he lamented.

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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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