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Makinde is on the right path – Peter Obi

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Former Governor of Anambra State and the Vice-Presidential candidate of the Peoples Democratic Party (PDP) in the 2019 presidential election, Mr. Peter Obi, has commended Governor Seyi Makinde on his eight months of purposeful and focused leadership in the state, asking him to keep it up.

Obi, who spoke at the State Government Retreat on the topic, “Building a robust economy with scarce resources,” said that the Governor has deployed his private sector experience for the service of Oyo State.

Obi said: “My interaction with the people really shows that you are on the right track,” adding that the people are happy with developments in Oyo State so far.

Obi, who said he was happy that Governor Makinde was focusing on three key indices of measuring Human Development Index- Education, Health and Economy, said that the Executive Council of the State must key into the Governor’s vision so that the State can arrive its destination safely.

A statement by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, quoted Mr. Obi as also saying that the ship of the State must not carry any passenger who has passed his or her destination.

He urged Makinde to always ensure 100 per cent commitment of efforts to his targets, as according to him, what the people want to see is not 100 per cent of results but 100 per cent of efforts.

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“I am happy the way things are going. Gov. Makinde is the driver of the vehicle taking you all to the destination. Your duty is to cooperate with him so that the vehicle will safely reach the destination,” Obi said.

The former Governor also emphasised the importance of communication in governance, adding that members of the executive council must be ready to tell the Governor the bitter truth, which he called “the bad news” at all times.

While addressing the retreat, Governor Makinde, who undertook a review of his Government’s service delivery around the four point service agenda, said that overall, “we are on the way to actualising the accelerated development of Oyo State.”

He said: “We can only do more at the speed of two things; one, at the speed of the Team, secondly, we can do more at the speed of Trust.”

He added that the retreat would help his team members review and set targets for service delivery in the coming months.

He said: “I have so much trust in you. So, please come along and let us move together at a speed of trust. We have quite a bit of work to do together as an administration. It may appear like are we really doing something that may seriously impact on governance? My answer is yes.

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“So, let us do our own bit as part of the team and I believe that setting that standard in governance will ensure that, in this room, we will have the opportunity for continuity, because when you are there when the ingredients are being put together, you have the chance to know how that soup will come out at the end of the day.”

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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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