Oyo State Governor, Engineer Seyi Makinde has granted amnesty to 35 convicted prisoners in commemoration of this year’s Democracy Day, June 12.
According to a statement by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, the Governor took the decision pursuant to Section 212 of the 1999 Constitution as amended.
The statement further confirmed that the Governor has approved a low-key June 12 celebration while enjoining residents and citizens of the state to take time off to reflect on the ways by which they can contribute to the growth of Nigeria’s democracy.
He also urged them all to go about the celebration peacefully.
“Today, we have decided to set free 35 prisoners, who have been found worthy of that amnesty,” the Governor said, adding that the state would, however, only observe a low- key celebration.
Governor Makinde added that in subsequent years, the state would collaborate with the family of the hero of June 12, Chief Moshood Kashimawo Olawale Abiola to celebrate the day in grand style.
The statement continued: “The Government and people of Oyo State today join millions of Nigerians to remember a man who devoted his life to the service of his community and eventually died, seeking to offer more service, Chief MKO Abiola, GCFR.
“We recall 26 years ago, how Nigerians of all walks of life spoke in unison and trooped out to participate in the freest and fairest presidential election Nigeria has ever seen.
“It was a sad day as the election was annulled by the military and the man, Abiola, eventually died in detention. We take solace, however, in the fact that his determination and dogged fight watered the flowers of democracy. It is a good thing that today, the nation is recognising his contributions by setting aside June 12 as a National Day for the celebration of democracy.
“As a people and a government, we can only urge ourselves to jealously guard and guide the legacy of democracy bequeathed to us through the struggles of MKO, while doing all we could to leave a more enduring democratic system for our children and the unborn generation.
“We salute the family of the heroes and heroines of June 12, who have had to suffer the grief and indignity of losing their beloved ones untimely. We salute the courage of the pro-democracy fighters and activists, the leaders of defunct National Democratic Coalition (NADECO) and many silent contributors, who kept the flag of June 12 flying even when it was a dangerous venture to do say.
“We salute the many heroes and heroines, especially the late Kudirat Abiola and Pa Alfred Rewane among others, who paid with their blood in the struggle to give June 12 its deserved recognition. May the souls of those that departed in the course of the June 12 struggles continue to rest in peace.
“We wish all happy Democracy Day.”
Okonjo-Iweala: My Father Died Same Way He Lived
“He died in Lagos soon after he arrived from a trip to the United States of America and Ghana. We are immensely grateful that his last moments were peaceful and that he died the same way he lived his life – with quiet dignity.”
by saharaReporters, New York Sep 14, 2019
The father of former Minister of Finance, Dr. Ngozi Okonjo-Iweala, Prof. Chukwuka Okonjo is dead. The former minister through her spokesperson, Paul Nwabuikwu, in a statement yesterday announced the death.
Okonjo-Iweala, in the statement, said his father died in Lagos soon after he arrived from a trip to the United States and Ghana.
“He died in Lagos soon after he arrived from a trip to the United States of America and Ghana. We are immensely grateful that his last moments were peaceful and that he died the same way he lived his life – with quiet dignity.
“Daddy was an accomplished man on so many levels – a highly respected academic, international public servant, university administrator, intellectual and traditional ruler. My father touched so many lives personally and professionally,” she said.
The former World Bank Chief added: “It is a tribute to the kind of life that Daddy lived that on his 90th birthday last year, a delegation of old students of Ibadan Boys High School presented him with a letter of commendation written in 1953 in which a colonial education administrator praised him highly for the all-round improvements he achieved in the school within a short period of time. He was only 25 then.
“Daddy was a passionate intellectual and prolific writer whose last book was published at the age of 90. He touched so many lives personally and professionally and was an unrelenting believer and practitioner in the power of education to transform lives.
“In pursuit of this commitment, Daddy sponsored the education of at least 19 students up to university level in addition to his own seven children. He inspired and motivated so many more.
“Having witnessed the ravages of war, he was committed to unity and peaceful coexistence of all. From his marriage of 66 years to our mother, Prof. Kamene Okonjo to his dedication to duty, he was exceptional.”
AfDB launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022
The African Development Bank (AfDB) rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year.
Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019. With this transaction, the Bank has now raised US$ 4.4 billion in 2019 to date and executed 61% of its borrowing program for the year. The transaction received strong support from investors globally, with order books reaching US$ 2.8 billion and 53 investors participating. The high quality of the order book is illustrated by the strong participation of Central Banks and Official Institutions, taking 64% of the allocations.
The African Development Bank decided to take advantage of favorable investor sentiment post summer break to access the 3-year tenor, in spite of volatile market conditions ahead of the Fed Meeting the following week. The mandate was announced on Tuesday, September 10, at 12:00 London time with Initial Pricing Thoughts of Mid-Swaps + 13 basis points (bps) area.
The transaction met strong interest from the outset, with Indications of Interest in excess of US$ 1.8 billion (excluding Joint-Lead Managers interest) when order books officially opened at 08:00 London time the following morning, with initial price guidance of Mid-Swaps + 13bps area.
Momentum continued throughout the European morning, with orders in excess of US$ 2.5 billion around 11:20 London time. At this time, final pricing was set at Mid-Swaps + 13bps. Following the close of the order book in the US, the size of the transaction was set at US$ 2 billion by 14:20 London time.
The transaction was priced at 16:24 London time with a re-offer yield of 1.679%, equivalent to a spread of 8.75bps vs UST 1.5% 15 September 2022, the issuer’s tightest print vs US Treasuries to date.
“We are delighted with this successful dollar Global Benchmark, and particularly pleased by both the very high quality of the order book and the solid participation of African Central Banks. The African Development Bank achieved its tightest ever spread to US Treasuries, and we are grateful to our investors across the world for this outcome, and the financing it will bring to the African continent”. Hassatou Diop N’Sele, Group Treasurer, African Development Bank
Niger: IDPs reject government’s relief materials
The Internally Displaced Persons (IDPs) in Niger State housed in some temporary camps have rejected relief materials donated to them by the state government.
The displaced persons said the government has handled their plight with levity.
They insisted on getting a permanent solution to the incessant security challenges in their communities.
Over 5,000 persons are currently taking shelter in five camps provided by the state government after bandits attacked several communities including Rafa and Shiroro.
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