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Makinde presents cash to family of late Oyo PDP loyalist

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Succour has come the way of the family of a deceased Peoples Democratic Party (PDP) loyalist in Oyo state, Mr. Isaiah Adedapo Adegoke, as the state governor, Engineer Seyi Makinde, presented cash support to the family.

The late Adegoke died in an accident on April 14, 2020.

According to a  statement signed by the Special Assistant (Print Media) to Governor Makinde, Moses Alao, the late Adegoke’s wife and children were, on Monday, received by the governor, who was represented by his Special Adviser on Strategy and Political Matters, Hon. Babatunde Oduyoye and the Chief Press Secretary, Mr. Taiwo Adisa.

Also in attendance was the Director-General of the Oyo State Signage and Advertising Agency (OYSAA), Hon. Temi Adibi.

While speaking, the governor expressed sympathy to the children and wife of the deceased, who he described as a faithful party man.

Speaking on behalf of the governor, Hon. Oduyoye said: “On behalf of the Executive Governor, I welcome the family of the late Isaiah Adedapo Adegoke, who died on the 14th of April. I want you to know that the Governor sympathises with you and the children as well. Your husband was a faithful party man who did a lot to ensure the victory of the PDP and the governor in the last elections.

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“What happened was unfortunate. The governor has asked us to tell you that the state will continue to support you and that he has graciously provided something that he will soon hand over to you.

“The essence of being here today is to show you that the state holds your husband in high esteem and will recognise his contributions, both in Ogbomoso land and at the state level. It is the responsibility of this government to continue to support and encourage you in whatever way we can.

“May God grant you the fortitude to bear the irreparable loss.”

Also speaking, the Chief Press Secretary to the governor, Mr. Adisa, said that though it was sad that Adegoke lost his life in the circumstance he did, the Oyo State government under Governor Makinde would not leave his family to be on their own.

“We thank God that He called your breadwinner home in His own time and nobody could really explain it. It is difficult for human beings to understand the way of God. We just have to brace up to it when it happens. But we thank God that you have a government that will not let you be on your own. This is one of the messages you need to take home. This will be a stepping stone to the measure of support you will get from the government.

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“We also pray that we will not continue to receive a message like this from Ogbomoso land and the rest of the state. We pray that God will continue to be with all of you as you continue to soldier on. Madam, you have become the leader and breadwinner of the family and God will continue to give you the wisdom to guide the children right.

“The administration is ready to take care of everybody, though the times are hard in terms of resources and health situation across the world. But the government is not raising hands into the air and surrendering to circumstances.”

Hon. Adibi, who spoke on behalf of the family, said the late Adegoke was very close to him, appreciating the governor for his support to the deceased’s family.

“We appreciate what the Governor did today in supporting and assisting the family; the wife and the children left behind. We pray the Governor will not die young.

“In Oyo State PDP, the Lord will put a stop to a thing like this and we won’t see it in the state again.

“On behalf of the PDP Ogbomoso North and the Family of Ajiboko, Isala of Ogbomoso, where the deceased was born, we appreciate the Governor. And we want you to deliver our message to him that the entire Ogbomoso land is for Governor Makinde and we will stay for him. He has started well and he will also end well.”

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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