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Nigeria decides: Tinubu breaks silence on postponement of election, tells Nigerians what to do

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The All Progressives Congress National Leader, Asiwaju Bola Tinubu, has expressed disappointment over the postponement of the presidential and national assembly elections by the Independent National Electoral Commission, INEC.

Tinubu, in a statement he personally signed on Saturday, said though, he acknowledged the enormity of the logistical challenge that elections poses to INEC, he was still pained that the Commission could not meet this challenge within the time allotted.

He, however, urged Nigerians who intended to vote to maintain their commitment and not be discouraged by the latest development.

He said, “Do not allow this delay to deter you from the expression of your democratic rights. What you had set your mind to do on February 16, keep your mind and heart on for February 23.

“We are also perplexed that INEC literally waited so late in the day to make known the obstacles preventing it from keeping faith to the election schedule. INEC could have and should have given the nation more ample and earlier warning. This could have perhaps lessened the pervasive disappointment that we all now feel. It also would have helped people better order their steps”.

“As the National Leader of the All Progressives Congress and simply as a Nigerian, I must express my profound concern and dissatisfaction with the unexpected, late hour postponement of the presidential and national assembly elections by INEC. According to INEC, the one-week postponement of the election from February 16 to February 23 was compelled by logistical difficulties encountered by the commission in transporting essential election material to polling in various parts of the country.

“While we appreciate the enormity of the logistical challenge that elections in a vast nation like ours poses to INEC, we are still pained that the Commission could not meet this challenge within the time allotted. We are also perplexed that INEC literally waited so late in the day to make known the obstacles preventing it from keeping faith to the election schedule. INEC could have and should have given the nation more ample and earlier warning. This could have perhaps lessened the pervasive disappointment that we all now feel. It also would have helped people better order their steps today.

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“We have reports of eager voters rising early to leave their homes to cast their ballots only to be told upon arriving at their appointed polling stations that the election had been postponed. This should not have happened for it could well discourage people from coming out when the election takes place. Thus, we heartily commend those people for coming out in exercise of their fundamental rights and duties as citizen voters, who vote by vote, seek to build and perfect our democracy. For each voter is in part an architect and each one of your votes is a brick by which, when lain together, shall construct a strong democracy in such a way that it shall forever stand and endure. Thus, we appeal to all who actually came out to vote and to those who intended to vote today, to maintain your commitment. Do not allow this delay to deter you from the expression of your democratic rights. What you had set your mind to do on February 16, keep your mind and heart on for February 23.

“INEC has stated the reason for the delay and has expressed regret over the inconveniences it has caused. We must take INEC’s statement at face value and hold to the belief that INEC understands even more than ever the sober and grave responsibility it has to our nation and our democracy. INEC can only properly discharge that responsibility by conducting free and fair elections. While we cannot go back to repair what did or did not happen to cause this postponement, we all must encourage INEC to do all that is necessary so voting can smoothly proceed on February 23. Whatever our political affiliation, we must encourage INEC to overcome the difficulties in order to rise to this most important occasion. INEC must commit itself more than ever before to perform to its utmost so that these elections will be remembered as a free and fair exercise consonant with the best of international standards.

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“In the end, elections must be held in such a manner that every vote carries the same weight and no vote is minimized because elections took place much earlier or later in one place than in another. Thus, it is better to experience a slight delay to conduct the elections properly rather than to conduct the elections piecemeal and uneven fashion. No one will absolve INEC if such a fate befalls this all-important election. The electoral body must use the one-week extension mend its logistics gaps and lapses. This delay has clearly provoked significant anger and disappointment among the people. The voters were ready and INEC should have been equally as prepared and ready as the voters. Yet, we ask that the people contain their anger and remain calm. Let no one be tempted to breach the peace because of this delay.

“In the greater scheme of things, a one-week delay is not overly burdensome when compared to the importance of conduct of free and just elections in the establishment of representative democracy and good governance in our land. Please, persevere just a bit longer to ensure that the elections on February 23 truly reflect the will of the people. Whatever obstacles may come, be they large or small, let us show the world the Nigerian people will not be deterred from realizing the democracy for which we have fought and sacrificed so long and so hard to achieve.”

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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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