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Oyo govt declares 3-day mourning for late speaker

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OYO State Government has announced the passing away of the Speaker of the State House of Assembly, Rt. Hon. Michael Adesina Olusegun Adeyemo, just as it declared a three-day mourning period in honour of the late lawmaker, starting from Monday, April 30 — Wednesday, May 2, 2018.

The late speaker, Adeyemo died  at the age of 47 years early Friday morning after a sudden illness.

The state governor, Senator Abiola Ajimobi who made this declaration, also directed that flags be flown at half mast during the period.

Mega Icon Magazine reliably gathered that the governor, who was on official assignment outside the state had to rush down to Ibadan when the news was broken to him, and headed straight to the Anatomy Department of the University of Ibadan where the late Speaker’s remains were kept.

Ajimobi, as learnt had a lengthy discussion with the pathologists to ascertain the likely cause of the death and whether it could have been prevented, after which he spoke with the family members and the large number of sympathizers on ground.

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Governor Ajimobi described the death as a tragic loss for him and the people of the state.

In his words, “I received the news of the untimely passage of my brother, friend and dependable political ally, with grief and utter shock, this morning (Friday).

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“He was a fine gentleman and bridge builder, who was committed to the development and progress of the state. His death has left a gaping void that will be difficult to fill”.

Speaking further, the governor expressed sadness that death had again taken away one of the brightest, dutiful and committed political leaders in the state, who had used his sagacity in piloting the affairs of the Assembly without rancour.

As the leader of the legislative arm of government, with members from different political parties, the governor noted that Adeyemo ensured that the relationship with the Executive was very robust.

“He was an energetic young man that was always prepared to sacrifice his time, expertise and resources to ensure that the relationship between the Executive and Legislature did not break down at any time, no matter how thorny the issue might be. He was my bridge builder.

“Political leaders from Ibarapa zone deferred to him because of his candour, gentleness, respect and his amiable disposition to all, young and old. He was a rallying point for the Assembly leaders, who held him in high esteem because of his unassuming nature.

“My thoughts and prayers are with his family, honorable members of the House of Assembly, his political associates, friends and loved ones. This is a loss too sudden and tragic for me to bear. My prayer is that his very gentle soul should continue to rest in peace. I will sorely miss him”, Ajimobi added.

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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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