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Oyo, Osun commissioners restate FCC’s commitment  to avert lopsidedness

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The Federal Character Commission (FCC) on Thursday restated its commitment to averting lopsidedness.

It was also stated that the FCC was established to promote , monitor and enforce strict compliance with the guiding principles and formulae designed to ensure proportional sharing of all bureaucratic, economic, media and political posts at all levels of government ditto  for socio- economic amenities and infrastructural.

 

The Commission’s Commissioners representing Oyo and Osun states, Professor Adeniyi Olowofela and Barrister Abdulrazak Âdeoye said this  during a courtesy visit to the Broadcasting Corporation of Oyo State (BCOS) in Ibadan.

 

In their separate remarks, the federal commissioners said the Commission’s core aim was to avert lopsidedness, thus “the  basis whereby when  MDAs want to employ they come to us, we look at their list and we ensure compliance”.

They maintained that the FCC had successfully worked out equitable formulae for the distribution of all cadres of posts in the public services of the federation, state, local government and government owned companies, parastatals and agencies, adding that the commission was further mandated by the constitution to take legal measures against any individual, federal or state ministry, local government or government agency which fails to comply with the guiding principles and formulae prescribed or adopted by it.

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 According to Prof. Olowofela, the FCC was empowered to demand and receive returns on employment and socio-economic indices from any government enterprise or body, corporate and penalize any enterprise which does not comply with a request from the commission. The ex-Commissioner for Education, Science and Technology and former council gaffer of Ido Local Government also disclosed that  the commission has devises a committee system to effectively monitor the implementation of its guidelines and formulae for the distribution of posts and socio-economic amenities amongst the federating units.

“We were created to avert lopsidedness. There is virtually no agency that wants to give people job that will not  invite us at the FCC. The basis for inviting us is to ensure that the principle is followed. By and large, the commission is hopeful that whenever fresh recruitments are being made in your establishment, you would inform us accordingly for the statutory monitoring of the recruitment exercise. The monitoring exercise would give ample opportunities to candidates, especially those from under represented LGAs to fill their vacant slots, there by reducing whatever imbalances that may exist in  the distribution of posts in your Broadcasting Corporation”, he said.

Olowofela, however solicited for the corporation’s support and cooperation for the implementation of the FCC principles so as to collectively  achieve a strong, united and economically formidable state and nation of our dream.

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Also commenting, the FCC Commissioner representing Osun state, Barrister Adeoye maintained that the FCC was a creation of the Military’s  Decree 34 of 1996  following the yearnings of the people for correction of imbalances in the distribution of posts in the public services of the federation as well as Social and Economic facilities.

Adeoye  informed that the commission was one of the fourteen independent federal executive bodies established by section 153 of the constitution of the federal republic of Nigeria, 1999 as amended. He stressed that its composition, functions and powers are as prescribed by the constitution and amplified by the Federal Character Commission Act Cap F7 LFN 2004.

“It is important to state that this particular commission was established with the aim of making this executive body independent, and answerable only to the President of the Federal Republic of Nigeria”, he emphasized.

Speaking further, Barrister Adeoye noted that the Southwest have always been having misdemeanor lopsidedness. He explained that there are parameters which the FCC has set for every state of the federation, urging the region to take active steps whenever there is any recruitment exercise (s)

The Osun FCC Commissioner harped on the need for the people of Southwest to be sensitized, advising them to report any imbalance to the states’ representatives.

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Responding, Mr Dotun Oyelade , the Executive Chairman of the Broadcasting Corporation of Oyo State (BCOS) who was represented by its General Manager, Mr. Tunde Ajayi assured the FCC of the corporation’s support.

” For us at BCOS, we have  the consciousness that will need to uphold the unity of Nigeria”, he added.

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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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