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Insecurity: Tinubu donates N50m to Niger state govt.

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Former Governor of Lagos State and chieftain of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has donated the sum of N50 million to the Niger State government to help tackle the security challenges in the state.

Tinubu, who made the donation on Thursday when he paid a visit to the state, expressed concern over the security situation in the country, adding that it can be fixed with prayers and self-belief.

The APC chieftain asked Nigerians not to see the nation’s security challenges as a hopeless situation.

“We share in your grief, I am here for the people of Niger State, hearing and reading of disasters, banditry and cattle rustling every day, just like what happened on Wednesday again,” he said.

Remarking, Governor Abubakar Bello endorsed the presidential aspirations of the National Leader of the APC ahead of the 2023 Presidential election.

While receiving Tinubu at the Niger State Government House, the governor said he is looking forward to seeing him lay the kind of foundation he laid for the massive transformation in Lagos for Nigeria.

“Lagos is a country within a country, and we saw the foundation you laid there, we are looking forward to seeing you replicate it for Nigeria,” he said.

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Bello appreciated the former Lagos state Governor for sympathising with the State government and people over the incessant banditry attacks.

The  governor, who recounted how some villagers in Mashegu were murdered in cold blood by bandits while observing their early morning prayers in the Mosque,

said no where is safe in the country.

He stressed, “Where are we safe? In a place of worship, people can be killed. We are not dealing with human beings, but people whose heart has been cemented for evil, no amount of talking or dialogue can change them.

“Recently, they went to a village while they were observing their early morning prayers. They locked the door and started shooting indiscriminately, killing 18 and only those that forced the door open survived and few days later they did same in another village.”

He appealed to the Federal Government to change its approach to the ongoing war against banditry and terrorism, calling for a technological driven warfare, rather than conventional approach.

“We don’t fight conventional warfare. Let’s use technology even though it is expensive, the situation can be addressed that way.

“The era of sending soldiers to the forest is over when we can deploy drones to monitor movement of bandits and hit target effortlessly,” Governor Bello added.

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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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