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Oyo : NPower beneficiaries lament over unpaid stipends .

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SOME beneficiaries of the social intervention programme dubbed N-Power Scheme, an initiative of the Muhammadu Buhari led Federal Government, on Wednesday in Oyo state protested against non-payment of their monthly stipends since December last year.

The agitators who stormed the state Ministry of Women Affairs, Poverty Alleviation and Social Development Secretariat Ibadan hinted that they have been cleared but wonder why they are yet to be receiving their monthly stipends.

They disclosed that their colleagues in other states have been paid as at when due as they alleged that delay in the payment by those who are in charge appeared that some people with ulterior motive have cornered their money on selfish grounds.

Protesters who expressed their displeasure decried that it was unfortunate that all efforts made to get the person who is in charge so as to provide necessary information for them proved abortive.

Refreshing your memory, the Special Adviser to the Acting President, Professor Yemi Osinbajo, Mr. Laolu Akande has reportedly claimed that the 200,000 unemployed youths across the 36 states and FCT have been posted to their respective places of work, adding that those employed will start work and receive their stipends from December 1st last year.

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Contrary, Kehinde Omolola from Akinyele Local Government, one of the beneficiaries lamented that all efforts made by the beneficiaries in all the 33 local government areas of the state to know the main anchor of the scheme in the state has severally yielded fruitless results.

She then urged the office of the Vice President to intervene in the matter to avoid their own allowance being hijacked by the officials in charge.

Omolola reported that officials of the National Orientation Agency, State Universal Basic Education Board, Ministry of Education and the Women Affairs have been pushing them to each other since the commencement of the payment of December 2016 allowance in January this year.

“I am one of the beneficiaries of NPower, we that are here have not been paid, they did not tell us anything, they have been pushing us to each other, we have gone to the secretariat to complain, we have been to NOA, SUBEB, Ministry of Education and Women Affairs, they did not tell us anyone that is in charge”, she bewailed.

Similarly, another beneficiary, Folarin Dipo from Oluyole Local Government Area said that that their counterparts in other states have been paid but they are yet to receive a penny.

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“We are here to tell the management of NPower that we have not collected our allowance since December, we have gone to various agencies but they don’t have any information for us, they have been dragging us from one place to another. That is why we are saying enough is enough. We have been selected and verified but I am wondering why our counterparts in other states have been paid and we are yet to receive any penny”.

The story was not different as another beneficiary who identified himself as Damilare from Ibadan South-West Local Government Area urged the state government to rescue them so that the opportunity will not elude them.

Meanwhile, an official at the Poverty Alleviation department in the ministry, who later chased the protesters out of the premises, Mr. Adekunle Sunday declared that the Commissioner of Women Affairs, Mrs. Atinuke Osunkoya who is not in the office is the one in charge of the program.

Adekunle who did not want journalists to quote him, being a civil servant said the problem may be due to error in account details supplied.

“Some of them have changed their names due to marriage, if the information is different from the account details supplied, will you pay? Some of them, their documents are not completed”.

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“Please everybody should leave here. Vacate this premises”, he ordered.

However, Mega Icon Magazine further checks revealed that some youths in the State who are beneficiaries of the scheme have been receiving their stipends.

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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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