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Just In: Akpabio finally submits NDDC’s forensic audit report

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Minister, Niger Delta Affairs Ministry, Senator Godswill Akpabio, has formally disclosed that the final report of the forensic audit of the administration of the Niger Delta Development Commission (NDDC) has been submitted.

The minister disclosed this while receiving in audience members of the NDDC Forensic Audit Security Committee, led by Admiral Bamidele Oluwagbamila, in his office, Abuja.

Speaking shortly after receiving the security report, the minister thanked members of the committee for their commitment to the success of the exercise.

“I am delighted to receive your report on this exercise, which started in 2020 and ended in July 2021. Though I have not looked at the nitty gritty of the report, but from my observation in your speech, I want to thank you for taking this national assignment seriously”, he said.

The assignment, according to Akpabio, “was not from us, even though the ministry supervised it. This assignment was from the President and Commander-In-Chief, Muhammadu Buhari. I want to, on his behalf, thank the security committee.”

The former Senate Minority Leader noted that “from what you have said, it is very clear that you were not only committed to your work, but you also carried out your assignment with professionalism.

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“As you said earlier, there was no incidence concerning the field nor lead auditors at their residences, as well as the communities, either group or individuals.

“You were able to endear yourselves to the host communities and they, in return, gave you all the support in your assignment.”

Speaking further, the former governor of Akwa Ibom State, added, “to the glory of God, the Forensic Audit Report is ready for submission to Mr President.

“It was also important that we also hear from the Security Team, thank them for their comportment, candor and discipline throughout the exercise.

“The forensic audit couldn’t have been successful without the involvement of the security agencies. We equally thank you for deeming it necessary to also give your independent report on what you saw, how you saw it and what the situation is in the Niger Delta Region, apart from providing security.

“If there are areas I need to take extracts for the Commander-In-Chief, to take further actions, I will do so. I know that history will remember you for good and what you have done. This exercise definitely is a turning point for the NDDC and the development of the Niger Delta Region,” he stressed.

Earlier in his speech, the leader of the security committee, Admiral Bamidele Oluwagbamila, thanked the president through the minister for the opportunity given them to contribute their quota to bring about the needed change in the commission.

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“We are very happy to report that after almost over a year after the commencement of this assignment, that job has been successfully completed. We worked with the Auditors and provided them the right environment for them to do their job successfully.

“We secured them in their hotels and the projects’ site. Throughout the period, we enjoyed the support of the ministry, which provided all the logistics needed for the job. Over 398 personnel from across the services were engaged for the exercise.

“This exercise is a big plus for the Ministry of Niger Delta. I want to congratulate the minister for carrying it out, as directed by our Commander-In- Chief.

“Throughout the duration of the exercise, nobody died and all the property under our care can conveniently be accounted for. Once again, it is a honour and privilege to have worked with you in this task,” he declared.

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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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