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Makinde gives reason for setting up anti-corruption agency in Oyo

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Oyo State Governor, Engineer Seyi Makinde on Wednesday forwarded the Oyo State Anti-Corruption bill, 2019 to the State House of Assembly for legislative action, declaring that his decision to set up an anti-graft body is in fulfillment of his campaign promise.

Governor Makinde, who formally presented a copy of the draft bill to his Special Adviser, Legislative Matters, Hon. Samuel Adejumobi,  for onward transmission to Oyo State House of Assembly, further restated his resolve to waive his immunity to appear before the anti-corruption agency if he is found wanting in any way.

A statement by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, indicated that the Governor also charged Permanent Secretaries in the state to be accountable as the purse-keepers of Oyo state.

He declared that those who would want to politicise his move to set up the anti-corruption agency should think twice because according to him, corruption knows no political party

  According to the Governor, corruption does not edify a state but promotes stagnation, adding: “and we want Oyo state to be out of stagnation.”

 Makinde said “We are here to sign for transmission to the legislature, the executive bill for anti-corruption in Oyo state. We are transmitting the bill today in fulfillment of a promise that I made during the campaign that during my watch in Oyo state, it will be zero tolerance for corruption in Oyo state.

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“While I was making my inaugural address, I also put a rider on it that as the Governor of Oyo state, I am ready to wave my immunity to appear before the agency if I am found wanting in the course of my duty to the people of Oyo state.

“The Permanent Secretaries are here, you are the purse keeper for the ministries and the ones responsible for all the spending, of course, the commissioners would soon be here but they are not the ones to account for the spending in your various ministries. Of course, they will give instructions and try to help me run the affairs of government to the extent of our promises to the people and also the agenda of our government.

“But we will hold each and every one of you accountable for the ministries that are been administered by you and I also want to be held accountable by anyone here. I am working from the standpoint here that nothing, absolutely nothing is hidden in this whole case.

“If people think they have hidden anything, it is the only thing that they can start and finish by themselves only and I don’t think there is anything like that in this place.

“For whatever that has to be done, there will be one, two or three participants. So, I can’t even start the process and finish it by myself alone. So, there must be accomplices and people who are ready to support me to do something that is not edifying, so if I think such things are hidden, I will be deceiving myself and it is the same for everybody.

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“I know people may also try to put political coloration to this, corruption doesn’t know a political party and what corruption does is to stagnate our development and we want Oyo state to be out of that stagnation. We want Oyo state, just like we have always been, a Pacesetter state.

“So, I will solicit for your cooperation and nobody has anything to fear. If you do what you are supposed to do, nobody will witch hunt anybody. I also want to say, if you see something, please, by all means, say something and we will deal with the situation.”

The bill was thereafter presented by the Governor to his Special Adviser on Legislative Matter, Mr. Samuel Adejumo for onward transmission to the state House of Assembly.

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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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