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Olubadan Declaration Review: Memoranda requests for beaded crowns.

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THE Oyo State Government has stated that the massive attendance and response by various stakeholders to the ongoing Olubadan Declaration Review panel has justified and vindicated its action revealing that 91 out of the 118 memoranda received during the open sessions requested for additional beaded crowns while the remaining 27 hinged on the review of ascendancy into the Olubadan stool.

The government reiterated its position that the proposed review is not targeted at any individual or group of people, saying that it is for the development, modernization as well as growth of the traditional council of Ibadan, Ibadanland and the state in general.

It noted that change is the only constant in life, stressing that all parties will eventually be convinced of the sincerity of government’s proposition.

The government equally said that its action is within the ambit of the law of the Olubadan Declaration of 1957, assuring that it will be just and fair in examining the recommendations of the Justice Boade’s panel and align with the wishes of Ibadan people.

The State Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun stated in a statement on Sunday that the action of the government has precedence and it is in tandem with the aspirations of the people, saying, “It is high time we reiterated our earlier position and put issues in proper perspective. The action of the government is backed by law, there are precedents, the governor has the power to review the declaration and most importantly the government is fulfilling the yearnings of the people.

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“We are not being political with this issue and not targeting any individual. The purpose is to elevate the status of the Olubadan title and pave the way for the development and modernization of Ibadan chieftaincy and Ibadan towns and city. We are running an all inclusive government and our government believes in collective responsibility in the Ajumose spirit. Our decision to review the Olubadan Declaration of 1957 was a response to several calls by stakeholders and we will follow the principles of openness, fairness and justice,” Arulogun explained.

The government spokesman further disclosed that members of the Olubadan in Council, many high chiefs in Ibadan, stakeholders including Central Council of Ibadan Indigenes, Ibadan Elders Forum, Ibadan Progressive Union, Association of Recognised Mogajis, All the War Lords’ families in Ibadan and eminent individuals attended the sitting of the panel which lasted three weeks, pointing out that the panel received 118 memoranda during its sitting.

The commissioner, however explained that the panel, which finished its sitting on Friday June 23, 2017 and requested for four weeks extension, received 91 chieftaincy memoranda requesting for beaded crowns in Ibadan land, while the remaining 27 memoranda hinged on the review of ascendancy into the Olubadan stool.

According to him, “the support and participation the Justice Boade’s panel received shows that the government is on course with its action. We are not doing this unilaterally, all stakeholders are involved and they have showed their support. This does not give any indication to the recommendations of the panel’s reports and we are not interested in pre-empting what the report will be. We want the people to also wait for the outcome of the panel’s recommendations and we promise to be fair and just.”

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He urged the people to see the government’s action from modernization and developmental view points rather than the political, emphasising that the yearnings of the people will always be superior to individual opinions and aspirations assuring that the government will not renege on its principles of openness, fairness, justice as well as the collective responsibility and all inclusiveness it is known for.

 

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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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