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Makinde Lauds Contingency As Oyo Beats Lagos, Delta, Others To Emerge First At NAFEST 2019

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Governor Seyi Makinde has commended  the Oyo State contingency to the 32nd National Festival of Arts and Culture (NAFEST) for making the State proud as they emerged first among their competitors from Lagos, Delta, Enugu and other States of the federation.

 

The event which held at the Sport Complex of University of Benin, Edo State saw the emergence of Lagos State coming after Oyo State as second while Delta State took the third position.

 

According to reports, twenty-six States partook in the 2019 opening parade of NAFEST which attracted the Edo State governor, Godwin Obaseki and members of his cabinet and top artists in the nation, performing for the audience.

 

The governor promised to continue his administration’s support for arts and culture so as to bring back the glories of the old which exemplified the culture and values of the Yoruba race.

 

The State Commissioner for Information, Culture and Tourism, Dr Wasiu Olatunbosun who spoke on behalf of the governor on Wednesday in Ibadan affirmed that of all the States that participated at the event, Oyo came first and the governor could not hide his joy over the outcome.

 

According to the Commissioner, twenty-six States participated in the cultural quiz competitions, adding that Oluwagbotemi Olawale of Orita Mefa Baptist Model College, Ibadan and Mercy Abidoye of God’s Blessing Comprehensive College, Ibadan represented Oyo State in the competition.

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Dr Olatubosun disclosed further that “Oyo State emerged as the first position in the keenly contested Cultural Competitions while Lagos took second position and Delta and Enugu made third and fourth positions respectively.

 

“This event has provided an opportunity for the States of the federation to bond for the progress of the nation and we urge the federal government to do everything, especially in the culture and tourism sector to enhance unity and propel economic growth,” he added

 

Dr Olatunbosun said the year 2019 theme which was “Our Royalty, our Pride” was apt considering the fact that the festival has continued to serve as a veritable platform for fostering national unity, social integration, friendship, love, mutual understanding and cooperation as well as cultural exchanges among Nigerians from different ethnics and religious backgrounds.

 

The Commissioner, however, reiterated the commitments of Oyo State Government under the leadership of Governor Seyi Makinde to partner with investors for development of cultural tourism potentials in the State which will include the upgrading and renovation of tourist sites and historical monuments.

 

The event which held at four different venues in Edo State like the University of Benin Sports complex, Oba of Benin’s palace, the Benin Golf Club and Oba Akenzua cultural Center was billed to end on Saturday.

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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.

ALSO READ  Runsewe hails Governor Fayemi over cultural strides 

 

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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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