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Ibadan Obas accuse Oba Adetunji of denigrating Olubadan stool

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The elevated  Ibadan Obas constituting the Olubadan-in-Council on Monday accused the Olubadan of Ibadanland, Oba Saliu Adetunji of denigrating the Olubadan institution by what they described as “illegal practices and apparent lack of regards for the council”.

Speaking through the Otun Olubadan, Oba Lekan Balogun, after a meeting held at Mapo Hall, Ibadan, the Olubadan-in-Council said the actions of the paramount ruler called for urgent caution to forestall crisis.

While expressing passionate grief about the crisis within the traditional council since the promotion of the new Obas, Oba Balogun said it was sad that the Olubadan is destroying the system that brought him to the throne as a king.

“Rather than recognising the position of the Olubadan-in-Council, Oba Adetunji conferred the duties of the entire council on one of his wives, who rules by proxy”, he alleged.

Oba Balogun added: “We want to draw the attention of the people of Ibadan to some irregularities and illegalities embarked upon by the Olubadan. We are members of the Olubadan-in-Council, but we are being sidelined by the Olubadan.

“Against tradition, Oba Saliu is running a one-man show, disregarding the Council. He appoints Mogajis (family heads) and Baales (village heads) without making any recourse to the council. Most of the things that he does are illegal.

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“For instance, the Olori is not a member of the Olubadan-in-Council but in his own case, the Olori unilaterally takes decisions on his behalf.

“If Olubadan thinks we do not matter, we also can show that he doesn’t matter without us. He should not forget that when he was to be made the Olubadan, he rose through the council. We (the Olubadan-in-Council) made Olubadan out of him, he did not make us what we are, but we made him the Olubadan.

“Kabiyesi, Oba Adetunji has turned the institution of Olubadan into personal affairs, which can be run at his wife’s whims and caprices, but which amounts to illegality. Contrary to their belief at the Popoyemoja Palace that Olubadan is an authority unto himself, we are telling the whole world that Olubadan only exists with his council.

“The danger of what they are doing in the palace has been manifesting in the ridiculous action of appointing two or more Mogajis from the same compound, honouring people with Mogaji title based on friendship as well as ‘cash and carry’ award of Baales to undeserving people.”

Among the other Obas in attendance were Oba Eddy Oyewole, Oba Tajudeen Ajibola and Oba Gbadamosi Adebimpe.

Also corroborating Balogun’s submission, Oba Abiodun Kola-Daisi and Oba Hamidu Ajibade explained there had been efforts by both individuals and organisations to ensure that peace reigns in the Olubadan-in-Council, but alleged that all such efforts had been scuttled by the wife of Kabiyesi (Olori Rasheedat), who insisted that her husband would not sit with his members of council.

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The Obas jointly warned the newly installed Mogajis and Baales in Ibadan not to see their appointment as legal, saying that “their installations should be backed by the council before being recognized”.

It would be recalled that the aggrieved Obas were installed as crown-wearing Obas by the Subsidiary Legislation of Recognised Chieftaincies (Miscellaneous Provision) order on Page 389 Cap 28 section 1, 2, and 3 of the Chiefs Law of Oyo State.

With their installation as traditional Obas on August 28, 2017, the members of the Olubadan-in-Council are expected to perform dual roles as lesser Obas and as well perform their roles as the highest advisory body to the Olubadan.

 

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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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