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Oyo: Makinde says Aborode’s murder investigation yielding results

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Oyo state governor, Engr. Seyi Makinde on Saturday declared that his insistence on thorough investigation of the killing of the late politician, Dr. Fatai Aborode has begun to yield results, as the Police were already interrogating some individuals related to the incident.

The governor reiterated that his administration remains determined to go after criminal elements responsible for the recent security challenges in Ibarapaland, especially the killing of residents including Aborode.

He further warned residents of the state not to pigeon-hole or profile any ethnic nationality as enemies, for, according to him, the enemies of the state are criminals and bandits of all tribes.

The governor, who was speaking during a special two and a half hours live programme aired by the network service of the Broadcasting Corporation of Oyo State (BCOS), “The Governor Explains,” also said that efforts and programmes of the government to develop the state are on course and progressing steadily.

Makinde, who spoke on his stewardship three months to his second anniversary, said that in line with his administration’s commitment to focus on education, security, health and economic expansion through agribusiness, all the projects being carried out by his administration have been target-driven and are capable of impacting positively on the state.

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According to a statement signed by the Chief Press Secretary to the governor, Mr. Taiwo Adisa, the governor added that his administration is taking deliberate measures to reduce the trust deficit between government and the people.

Governor Makinde, who reiterated his commitment to being honest with the people of the state, said that his administration was going out of its way to rebuild the trust between the people and the government.

He said: “I may not be right all the time; it is only God that knows all things. But I have always said that I will always be honest with the people of Oyo State. If we do anything that you are not satisfied with, please tell us, because you all put the government in place. We will make amends.

“People can go through all my promises now and during the electioneering period; we have not made empty promises and we do not play politics with development.”

 

 

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.

In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.

“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.

He added, “I wish you many more years of God’s grace in your life.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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