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Olu of Warri backs FG’s developmental initiatives in Niger Delta

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The Olu of Warri, His Royal Majesty, Utieyinoritsola Eriko Ogiame Atuwase III has declared his support and that of his kingdom for the programmes and plans of President Muhammadu Buhari-led government for the development of the Niger Delta region.

The monarch, who was last week installed as the 21st Olu of Warri, stated this while receiving in courtesy, the Minister of Niger Delta Affairs, Sen. Godswill Akpabio, in his palace in Warri on Saturday.

In a statement by the media aide of the minister, Jackson Udom, the Olu of Warri said: “Let me assure and also encourage you to know that when things are being discussed at the highest level in this country about the Niger Delta region, please see us as a staunch ally and a firm supporter.

“Let President Buhari know that, as he communicates his visions and plans for the people of the region through you, that he has a strong ally and supporter here that will help him actualise all those plans. We shall give all our best to ensure those programmes succeed.

“When the Niger Delta region functions optimally, Nigeria will get it right, not when Lagos or Abuja functions. When the region truly fulfills its potentials outside oil and gas, with our seaports fully operational, good road network for communication and economic development, the economy of this nation will blossom”.

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The traditional ruler noted that peace in the region was very important if development must come to the people, saying, “what is top on the agenda in this palace is peace, unity and prosperity. We will not visit old wounds and division. All that would be expected of us to make the economy work, we will do that.

“If it is spiritual work, if it is to speak it into existence, we will do that. If it is to use our good offices to re educate, re-orientate our people to see these things that we have in the region as belonging to all of us because we are all one, we will also do that.

“When we achieve this unity and peace in the region, most of our children living in Lagos and Abuja and even outside the country, will relocate and help further develop the region because there is no place like home.”

Speaking earlier, the minister congratulated the monarch for the successful coronation ceremony, saying, “my visit here today is to congratulate His Majesty for peaceful ascension of the throne of your forebears.

“At the event, I was only represented but I decided to be present today as a sign of brotherhood and to register my loyalty to the crown.”

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Akpabio charged the monarch to continue his peace and unity agenda in the kingdom and asserted: “With these eminent Nigerians who make up the Council of Chiefs as counsellors, their wisdom and experience given to them by God, you can never go wrong and that is why the Warri Kingdom stands out in the Niger Delta region.

“I know I must get directive from you as the minister in charge of the Niger Delta region, on what and what should be done for the people of your kingdom. Our job is to support you to succeed as the Olu through provision of infrastructure and other needs.

“Work on the abandoned Okorie road, I can assure you, will commence in September this year. My request is simple, you should also help with what you have already started which is the spiritual aspect.

“You would recall, Your Majesty, that shortly after your coronation, you handed over the entire Warri Kingdom to God Almighty, cancelling all curses that was placed on the kingdom by past Olus because of how they were treated by government. You used the authority given to you by God. Do not depart from your set goals because you have a mission.”

The minister promised to work with the monarch as a son for the development of the Niger Delta region, saying “I will work with you as the president’s representative to develop the region.

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“I don’t want to be a guest in the palace. I am speaking as a son of the kingdom, who can come at anytime to discuss issues affecting the region.”

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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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