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Oyo: Ijio town gets new king after 4 years

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Oyo state governor, Engr. Seyi Makinde has presented instrument of office to the Amunijio of Ijio land, Oba Mudasiru Olawale Oyewobi.

While presenting staff of office to Amunijio of Ijo land, today at RCM Primary School, in Ijio town, the governor noted that effort of the traditional leaders in societal development cannot be over emphasized.

Speaking through the state Commissioner for Local Government and Chieftaincy Matters, Chief Bayo Lawal, Governor Makinde lauded the  people of Ijio and Iwajowa Local Government in general for their trust in him by voting in the present administration.

“I wish to express my profound gratitude to the good people of Ijio land and Iwajowa Local Government in general for your trust in my capacity to effectively bring the desired changes by voting me in as the Executive Governor of Oyo State. I therefore enjoin you to sustain your trust in my administration”.

While admonishing the new Kabiesi to always be alive to his responsibilities by serving and protecting the interest of his people, the Governor pledged his administration’s commitment to complete all ongoing projects earmarked for Ijio and the state at large.

“I assure the good people of Ijio land of my government’s commitment to complete all ongoing projects earmarked for the town and other goodies of Seyi Makinde’s electoral promises such as Security, Quality Education, effective Health Care Services delivery and a sustainable value chain Agriculture that can attract both local and foreign investors to foster prosperous economy”, he said.

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He, therefore wish the Kabiesi a peaceful and long reign that would be remarkable for good development.

Earlier in his address, the Caretaker Chairman, Iwajowa Local Government, Mr. Oyinloye Jelili, commended Governor Makinde for prompt approval of the traditional rite, adding that the event would accord the sons and daughters of Ijio community opportunity to celebrate the enthronement of a new Oba since the demise of late Oba Gabriel Okunade Adegoke in 2016.

He stressed  that the rite will enable Ijio Community to be equal pedestrian with other towns as well as accelerating socioeconomic development of the community.

Oyinloye reiterated that the effort of the traditional leaders in societal development cannot be under estimated. He therefore enjoined people of Ijio community to support the Oba, noting that only this can facilitate meaningful development within the community, Iwajowa Local Government and Oyo State at large.

In his remarks, the Amunijo of Ijio Land, His Royal Highness, Oba Mudasiru Olawale Oyewobi thanked God for making the day a reality and also prayed that Ijio community would experience landmark achievements and peace.

He, however called on every Ijio sons and daughters outside, not to forget their fathers land adding that no place can be like home.

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Dignitaries present at the traditional rite were, State Commissioner for Budget and Planning, Hon. Barr. Niyi Farinto, Commissioner for Agriculture and Rural Development, Hon. Jacob Ojerinde, members of the State House of Assembly, traditional leaders, Caretaker Chairmen among others

 

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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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