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Oyo govt. to contest order on LG allocations, elections.

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THE Government of Oyo state has stated that it would rigorously contest the legality of the interim injunction emanating from the creation of the 35 Local Government Development Areas (LCDAs) restricting the state from conducting local governments’ election, adding that it borders on the welfare of the entire citizens, payment of salaries and grassroots development.

The state Attorney General and Commissioner of Justice, Mr. Oluseun Abimbola, stated this on Tuesday at a press briefing held at the governor’s office, while noting that the state government would abide by all the orders in the suit FHC/ABJ/CS/16/2017 pending determination by the court.

The Commissioner pointed out that one the orders directing the 2nd (Accountant General of the Federation), 3rd (Central Bank of Nigeria) 4th (Revenue Mobilization and Fiscal Commission) and 5th (Federal Ministry of Finance) defendants to warehouse in an interest yielding account, all monies and or allocations belonging to the distorted 33 constitutionally recognised local governments in Oyo State, pending the determination of the Motion on Notice was an ambush on the allocation meant for the local governments in the state which would affect the welfare of the people, payment of salaries and the development of the grass roots.

Also, the press briefing had in attendance his counterparts from the Ministries of Local Government and Chieftaincy Matters and Information, Culture and Tourism, Messrs. Bimbo Kolade and Toye Arulogun as well as the Special adviser to Governor Ajimobi on Communication and Strategy, Mr. Yomi Layinka. They urged the citizens of the state to be peaceful and law abiding, stressing that local governments election would still hold but not until the judicial process affecting its conduct dealt with.

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According to Abimbola, “fifteen (15) claimants filed actions on behalf of some villages in some LGs in Oyo and 10 defendants have been joined in the suit which include the Oyo State Government, Oyo State House of Assembly, the Attorney General of the Federation, Accountant General of the Federation, Central Bank of Nigeria, Revenue Mobilization and Fiscal Commission,  Federal Ministry of Finance, Independent National Electoral Commission, Oyo State Independent Electoral Commission and Oba Lamidi Olayiwola Adeyemi III, the Alaafin of Oyo.

“The suit emanated based on the grievances of these plaintiffs on the creation of LCDAs in about two local governments in Oyo Town. They submitted their petitions to the LCDAs Petitions Review Committee headed by me like other aggrieved parties and they have made their presentations. Our committee has been sitting and complaints have been reviewed. However, we are surprised that the state government is taken to court over the issue they have made presentations on. They have the right to do so under that the provision of the constitution and the legality of the orders will be rigorously contested by the government.

“Meanwhile, we are going to abide by the interim order and that puts the conduct of the already scheduled February 11, 2017 local government elections on hold. The nation’s electoral body has been directed not to release the voters’ register and without this, there cannot be election. We want to reassure the citizens that election will hold as soon as we settle the court case. We urge the citizens to be law abiding and be peaceful in their endeavours,” the commissioner explained.

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Responding to questions, the Commissioner for Information, Culture and Tourism, Mr. Toye Arulogun noted that it is a misrepresentation of facts for some individuals and groups to insinuate that the state government orchestrated the suit, adding that it would be unreasonable for the Oyo State Government to go to court to seek an order aimed at crippling the finances of local governments in the state at a very critical time such as this. He stressed that the order of the court had far reaching implications on the Government and the governed in the state.

Arulogun reiterated that the government has shown its readiness for the conduct of the elections by instituting OYSIEC, setting a date for elections, deploying resources to OYSIEC, printing of election materials and purchase of utility vehicles, pointing out that only a mischievous and cynical mind would doubt the government’s commitment to conduct the elections given the amount of evidence indicating the contrary.

Also, the Commissioner for Local Government and Chieftaincy  Matters, Mr. Bimbo Kolade disclosed that majority of the people of the state had embraced the new LCDAs and demonstrated support by volunteering and pledging buildings as offices and homes, furniture and other essentials towards the successful take – off of the new LCDAs.

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He, however appealed to the people of the state to remain calm and assured them that government will implement the LCDAs as an actualization of the yearnings of the people.

 

 

 

 

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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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