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Lagos govt. to dethrone traditional rulers involving in crime.

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GOVERNOR Akinwunmi Ambode led Lagos State Government has vowed to dethrone any traditional ruler found guilty of harbouring and aiding kidnappers in the state.

Mr. Muslim Folami, the state Commissioner for Local Government and Community Affairs, gave the warning on Friday at the ongoing ministerial briefing in commemoration of Governor Ambode’s second year in office.

The commissioner said, “intelligence reveals that some of these Baales, particularly from Ikorodu and Ishawo collaborate with the miscreants to kidnap innocent souls.

“Yesterday, I told them to their faces this might lead to dethroning and we will do just that if investigations reveal that you are part of the criminality”.

Folami disclosed that the State Government had acquired five hectares of land for the permanent settlement of the security operatives in Igbodu community in Epe to check the ceaseless attack by kidnappers, urging the residents to partner with the government in fighting kidnapping, just as he advised them to be more vigilant.

“The land has been cleared and ready for development”.

He also noted that the establishment of a virile and vibrant system of community associations had over the years enabled the government to partner with communities, sensitise them on its priorities and receive feedback on public policies.

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He stated that the total number of Community Development Associations (CDAs) across the state as at March was 3,400, up from 3,292 recorded last year.

The commissioner further averred that many of the CDAs held monthly meetings to address matters of security, conflict resolution and also tasked themselves to ensure the protection of lives and property.

“Community development is one of the primary goals of this administration, it is an established fact that development cannot take place without peace and harmony,” he noted.

Unearthing the targets of the ministry before the end of the year, the commissioner assured that the initiatives would be expanded and improved to further create positive synergy between the State Government and the communities.

Such initiatives, he said include the market branding and community media campaign.

According to the commissioner, there would be an improvement of the 402 markets across the state through the provision of necessary facilities to include clinics, toilets, fencing and electrification and creche for babies.

He revealed that the first phase of the community radio would take-off in five locations of the state.

“The stations are expected to be data driven internet radio, with a view to taking advantage of the high penetration of mobile application users in the state”.

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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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