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Olowofela leaps to the next level

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Know your candidate…

THE global events point to one fact that the world longs for people who will stand up for what they believe, even if they have to stand alone, leaders whose courage has such a strong sense of purpose and security that they welcome the unknown.

May 3rd, 1963, in the sleepy but rapidly – developing town of Omi-Adio, via Ibadan, Ido Local Government Area, Oyo State, Nigeria, late Mr. Owen Adeyinka Olowofela and his loving wife, late Mrs. Elizabeth Ajibike Olowofela were blessed with a baby boy named Joseph Adeniyi Adisa Olowofela. The boy is now Professor Joseph Adeniyi Olowofela, an academician of national and international repute, a grassroot mobilizer, political scientist, social crusader, human rights activist and an epitome of celebrated achievements whose contributions to the socio-political landscape of his community and state cannot be written off. His ilk constitutes great blessings to the black race.

Olowofela attended Hope Central Primary School, Omi-Adio between 1969 and 1975 before proceeding to United Christian Secondary School, Omi-Adio between 1976 and 1981. He later proceeded to the University of Ibadan, between 1982 – 1986 to earn his Bachelor of Science Degree in Physics, and graduated with Second Class (Upper Division).

He served at Union Secondary School Agulu, Njikoka Local Government Area (old Anambra State) as a physics teacher. And, thereafter, studied for and earned his M.Sc. in 1987 and PhD, (Solid Earth Physics) in 1995 respectively. He, also lectured at the Department of Physics, University of Ibadan, between 1994 – 2003.

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Continuing, he joined the services of the Federal University of Agriculture, (FUNAAB), Abeokuta, first on a sabbatical appointment from 2003 -2004, then as an Associate Professor and Head of Department, from 2005 to 2007 before rising to the position of a Professor of Solid Earth Geophysics in 2009.

As a cerebral and highly respected scholar of no mean stature, he holds various professional qualifications which include: Certificate in Seismic Hazard Assessment obtained from Potsdam, Germany; Certificate in Water Resources in Flensburg, Germany; Certificate in Microprocessors obtained from the United Nation University, Rome, Italy as well as the International Centre for Theoretical Physics (ICTP) Italy among others.

Professor Olowofela has since, successfully trained over 25,000 students, supervised over 50 B.Sc projects and more than 15 Ph.D projects, some of whom have become Professors and Associate Professors. In the course of his academic career, he had more than 70 publications to his credit, two of which are being used by University students in Germany till today.

With a passion to lift the fortunes of his community and people and with the desire to right societal wrongs, while promoting freedom and social justice, Olowofela joined active politics in the 80’s. His sole objective remains an advocacy for the improvement of the lot of his people and ensuring that young men and women coming after him in the community have a better deal through responsive, responsible and effective governance.

The Democratic Professor had served different parties and governments in various capacities which include:

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* National Delegate – National Republican Convention (NRC), 1990

* Member, Governing Council, Oyo State College of Education, Oyo, 2000-2003

* Party Chairman, Alliance for Democracy (AD), Ido Local Government, Oyo State, 2002-2003

* Chairmanship Aspirant, All Nigerian People’s Party, (ANPP). He won the controversial election conducted by the then Oyo State Governor, His Excellency, Senator Rashidi Ladoja in 2007.

* He was appointed by the Governor, His Excellency, Senator Abiola Ajimobi as Transition Committee Chairman, Ido Local Government from 2011 to December, 2014.

* He was also appointed as the Commissioner for Education, Science and Technology, Oyo state from June 2016 to September, 2018

To the glory of God, Professor Olowofela had received several awards and honours; both locally and national, they include:

√ Overall Best Performed Local Government Chairman in Nigeria, 2012 at the 19th Edition of National Award for Excellence in Grassroots Leadership, Presented by Grassroots Leadership Centre, Abuja.

√ Overall Best Performed Local Government Chairman in Nigeria, 2012 on Works/Education at the 10th Edition of the All Nigerian Local Government Chairmen Merit Award (LOGMA 2012) by Mentors Communication, Abuja.

√ Oodua Hero Council Chairman, 2013, an award presented by the Yoruba Youth Development Council, (YYDC).

√ Oyo State Commissioner of the year, at the 2017 Miss Oyo State Beauty Pageant, an award presented by Silverstone Communications.

√ Prestigious Award of Ambassador of Ethics and Conscience, and Induction into Hall of Fame, 2018 by Centre for Ethics and Self Value Orientation.

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√ 2018, he emerged as one of the fifty most inspiring personalities in Nigeria according to The Guardian Newspaper.

√ Oyo State Commissioner of the year, at the 2018 Oyo Herald Magazine Annual lecture and Merit Awards

√ Award of excellence at the 2018 Prominent Oyo Peoples’ Awards (POPA 2018) by Cornerstone Media International

Olowofela is happily married and blessed with children.

He’s contesting as a representative of Ido/Ibarapa East federal constituency under the platform of the All Progressives Congress, (APC) in the forthcoming general elections billed for February, 2019.

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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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Crime & Court

EFCC Declares Yahaya Bello Wanted for Alleged N80.2 Billion Financial Crime

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The Economic and Financial Crimes Commission (EFCC) has declared Yahaya Bello wanted for an alleged financial crime to the tune of N80.2 billion,” Nigeria’s anti-corruption agency announced.

“Former Kogi State Governor, Yahaya Bello, is wanted by the EFCC for offences relating to economic and financial crimes to the tune of N80.2 Billion,” the EFCC stated in a Thursday evening Facebook post titled ‘Ex-Gov Yahaya Bello Wanted By the EFCC.’

“Anybody with information as to his whereabouts should report immediately to the Commission or the nearest police Station,” the statement continued.

This declaration follows the absence of the chieftain of the ruling All Progressives Congress (APC) from the Federal High Court in Abuja earlier in the day for a suit instituted against him by the EFCC.

Consequently, Justice Emeka Nwite adjourned the suit and called for substituted service and the possible arraignment of Bello for alleged money laundering.

 

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