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Ooni honours Awolowo, Shagari, as he awards 100 Nigerian youth leaders 

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The Arole Oduduwa cum Ooni of ife, Ooni Adeyeye Enitan Ogunwusi Ojaja II, on Friday awarded one hundred Nigerian youth leaders who are doing well in their various endeavours including Seyi Awolowo and Bello Shagari who are grandsons of former Premier of the old Western region Chief Obafemi Awolowo and former Nigerian president, Alhaji Shehu Shagari respectively.

While addressing the cheering crowd gathered at the Oduduwa hall of the Obafemi Awolowo University, Ile-Ife to witness the event called Royal African Young Leadership Forum, an initiative created by the Yoruba overall king to celebrate exceptional Nigerian youths selected from across the country, the Ooni explained that the young population remains the major catalyst in boosting the economic growth of the country and indeed the continent of Africa.

“Africa has one of the world’s young populations with stimulating depth of human capacity and arrays of entrepreneurial relentless spirit, new dreams, unquenchable energies and ambitions.

“The united voices of millions of young populations in Nigeria and across Africa will certainly contribute solutions through their own ingenuities that would help in painting a picture of what they want for themselves, the future generations and the continent.

“I am proud of the successes been recorded by our youths despite of the challenges, I hereby identify with them and I pledge to assist them to record more wins with the throne of Oduduwa.” The Ooni noted.

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In his address, the Minister of Youths and Sports Development, Mr. Sunday Dare boasted that Nigeria has a brighter future especially with the immeasurable qualities possessed by the Nigerian youths.

“This programme by the Ooni validates the fact that the traditional institution and other structures in the larger Nigerian system have a great role to play in creating the country of our dream. If you carefully look at the class of youths being honoured here today, you will agree with me that our youths are worthy leaders.

“On our part as government, we shall continue to refocus the youth agenda as we remain committed to the provision of modern digital skills for the prosperity of our dear country through the able youths.

“We have concluded plans that will ensure that in the next two years, 1.5. million Nigerian youths would have acquired modern digital skills needed to compete with their counterparts globally in this century.” Mr. Dare explained.

In his opinion, the United Arab Emirates’ Ambassador to Nigeria, Dr. Fahad AlTaffaq, revealed that his embassy has partnered the Nigerian government in the past years on youth development and capacity building, adding that more would be done in the nearest future.

Dr. Fahad who made an on-the-spot donation of N5Million to support the project explained that Nigeria is blessed with exceptional youth leaders who are currently taking the lead in Africa and beyond.

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Speaking on behalf of other awardees, the grandson of the late President Shehu Shagari , Mr. Bello Shagari, described the award as a motivation for him to step up in his activities and also assist the younger generation.

Shagari who alongside his colleagues passed a vote of confidence on the Ooni christening the frontline traditional ruler as the youths’ king, pledged their utmost support and loyalty to him.

The grandson of the former Premier of the old Western Region, Chief Obafemi Awolowo, Oluwaseyi Awolowo, Speaker, Oyo State House of Assembly, RT. Honourable Debo Ogundoyin, Hon. Tunde Olatunji (Chief Whip, Osun Assembly) and the youngest Assistant General Manager, Kaduna State Traffic Law Enforcement Authority, Mr. Zakariya Gambo were among other selected youth leaders.

Popular Nollywood actors, Lateef Adedimeji, Olumide Oworu, Woli Arole, Kehinde Peter, Yinka Salau and other youth leaders in the entertainment industry and beyond were so considered.

Prominent stakeholders across the country including traditional rulers, chiefs, politicians, captains of industries and academicians including the Vice-Chancellor, Obafemi Awolowo University, Ile-Ife, Prof. Eyitope Ogunbodede, fully attended the event which was held at the Oduduwa Hall of the institution.

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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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