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Oodua group lauds Makinde over road maintenance

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The management of Western Hotels Ltd, a subsidiary of Odua Group of Companies has commended Governor Seyi Makinde for his promptness in the rehabilitation of the internal road network of the hotel and major roads within the Ibadan metropolis, which has made vehicular and people’s movement less stressful..

 

The commendation was made in Ibadan by the Managing Director/ CEO of the hotel, Mr Abimbola Alagbe during a courtesy visit to the Chairman, Oyo State Road Maintenance Agency, OYSROMA, Hon. Kamil Akinlabi Mudashiru, in his office over the weekend.

 

Also present during the visit was the State Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatunbosun and other government officials.

 

According to him, the gesture of the State government to rehabilitate the internal road network of the Premier Hotel was notable and historical as such repair work was done about 30 years ago.

 

“I make bold to say that our passionate appeal for assistance on the resurfacing of our hotel internal road network to His Excellency Governor Seyi Makinde was given prompt approval and attention, this is a major rehabilitation in the last 30 years.

 

“The present administration in Oyo State, led by Governor Seyi Makinde has given governance a human face, I can assure you and the whole world that the quality of the work done was unprecedented, we noticed same in the metropolis as many areas that were difficult to ply by motorists are now free, due to recent repair works by the government agency.

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” We are grateful to the government for the quality and standard in which the work was done. Within 5 days, the work was completed, we commend the level of professionalism that was put in place during the rehabilitation of the road network.”

 

In his remarks, the Chairman OYSROMA, Hon. Kamil Akinlabi Mudashiru, noted that the assistance of the government, through the agency, was to fulfill its promise of improving the Internally Generated Revenue, IGR of the Premier Hotel and the State at large.

 

“Governor Seyi Makinde made a promise to improve the Internally Generated Revenue IGR of the State, hence the rehabilitation of the Premier Hotel road network would Improve their patronage and by extension that of the State, there was also a recent approval from the governor for our agency to reopen our offices at the local communities to replicate the work we are doing in the metropolis, it shows this administration is for the people.”

 

In his contribution, the Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatunbosun, stated that the State government would continue to deliver dividends of democracy to the citizenry through the provision of basic amenities within the nooks and crannies of the state.

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“The present administration in the state led by Governor Seyi Makinde will continue to deliver dividends of democracy to the people through the provision of good roads, quality education, free qualitative health care , security of lives and property across the nooks and crannies of the State”.

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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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