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Nigeria is over-centralised – Soyinka

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Nobel Laureate Prof Wole Soyinka has added his voice to the on-going agitations for restructuring of the country, saying that Nigeria is over-centralised.

Soyinka spoke on Monday in Lagos when he announced the 10 Nigerian writers, who would be leaving for Lebanon in a cultural exchange programme, The Sail Project, between The Wole Soyinka Foundation and Cedar Institute, University of Lebanon.

He noted that the present structure of the country does not allow structuring that expresses the true will of Nigerians.

“My own position is that people shouldn’t allow themselves be put up by those who try to cheat on the expression, ‘restructuring.’

“It doesn’t matter by what name you call it. We all know that this nation was deconstructed and what we live in right now, as a nation, is not allowing structuring that expresses the true will of Nigerians,” he said.

According to him, every Nigerian knows what restructuring is all about whether it is called reconfiguring, return to status quo, or reformulating the protocols of association.

He however decried those who try to divert away the attention from the main issue by mouthing platitudes like it is the mind that needs restructuring. To him, this is a constant process, both as individual exercise as well as even the theological exercise.

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“People go to churches and mosques for their minds to be restructured. Restructuring the mind is not the issue; nobody is saying restructuring the mind should not be undertaken; anybody who is involved in examination already engages in mental and or attitudinal reconstruction.

“So people should not try to substitute one for another. I find it very dishonest and cheap, trivializing the issue when people said it is the mind, which needs to be restructured. Who is denying that? So, why bring it up? We’re talking about the protocol of the association of the constitutive part of the nation. We’re talking about decentralization, that is, another word. This country is over-centralised and that has been the bugbear of development, even of issues like security.

“Even if it is one state, that state has the right to say, listen people, let us restructure this state; the protocols that went into the making of this state are no longer viable or have been distorted along the way or have been abandoned and we want to go back to the original set of protocols that created what we call his national entity. You can say you want to reinvent the wheels completely or you want to go back to the original protocols of association,” he added.

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He noted that average citizen feels less secure than a few years ago yet ‘when people talk about state police, there are reasons for it. When they talk about bringing policing right down to the community level, they know what they are talking about; this is also part of restructuring or reconfiguration of the articles of association.’

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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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