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Oyo: Makinde celebrates June 12, frees 35 prisoners

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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.

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“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.

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“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.”

 

 

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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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