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Oyo Speaker Inaugurates Youth Parliament

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The Speaker, Oyo State House of Assembly, Rt. Hon. Olagunju Ojo Wednesday inaugurated the 3rd Assembly of the Oyo State Youth Parliament.

According to Speaker, the effort is meant to encourage the youths in the decision making process in the state.

The inauguration ceremony which took place at the House of Chiefs, Parliament Building, House of Assembly Complex, Secretariat, Agodi, Ibadan had many youths across the state in attendance.

In his welcome address, Olagunju said based on the provision of the 1999 Constitution of the Federal Republic of Nigeria as amended, role of the youths in the decision making process, support of government’s policies as well as promotion of people-oriented and good governance can not be over emphasized.

He described the parliament as a powerful institution that champions the course of the people, adding that Youth Parliament is a replica of the representative function of the House of Assembly members in the state, where interests and demands of the constituents are canvassed and debated.

While commending the initiative of the Oyo State Agency for Youth Development for keying into youth’s development policy, Hon Olagunju stressed that youths, having bulk of total population in the country must always be at the fore front in engaging political leaders on critical issues of national interest.

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The Speaker, who was accompanied to the occasion by the Minority Leader of the House, Honourable Akeem Ige and the Chairman, House Committee on Youth and Sports, Honourable Fatai Adesina enjoined the newly inaugurated parliamentarians to be good ambassadors of the state by always promoting the pace setter status which the state is known for in all their engagements.

He also implored the youths to shun every unethical behavior such as thugerry as witnessed in the recently concluded general elections, where issues of electoral violence such as ballot boxes snatching and other electoral vices were perpetrated by the youths.

In his message at the occasion, the State Commissioner for Youth and Sports, Barrister Abayomi Oke who was represented by the Special Adviser to the Oyo State Governor on Youth and Sports, Mr Afeez Bolaji disclosed that the present administration led by Senator Abiola Ajimobi has in the last eight years given proper recognition to the youth as principal stakeholders and foremost drivers of the nation’s growth and development.

He pointed out programmes like Youth Empowerment Scheme of Oyo State (YES-O), Oyo Ajumose Business Leadership and Entrepreneur (Oyo-Able) Scheme, OYO NISE, OYO LEKO as major strategic and systematic youth empowerment programmes embarked upon by the state government to ensure that youths are sufficiently equipped to compete with their counterparts at the larger World.

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He commended the Federal Government initiative for approving the laudable youth programmes which enabled them the opportunity to contribute their quotas in the decision making process both at the State and Federal levels.

During the first plenary of the newly inaugurated Youth Parliament, two Principal Officers were elected to be in charge of the newly inaugurated parliament.

The two Principal Officers are Honourable Adegoke Abayomi from Ogbomoso South State Constituency who was elected as the Honourable Speaker while Honourable Taoheed Adebayo from Irepo State Constituency was elected as the Honourable Deputy Speaker.

The two Principal Officers and other thirty Parliamentarians were later sworn-in by the imaginary Clerk of the Youth Parliament.

The thirty two members of the Oyo State Youth Parliament who were selected from the thirty three Local Government Areas of the state are between the ages of 15 and 35 years old while the new Speaker is an Electrical Engineering Graduate of Osun State Polytechnic, Iree.

Among important dignitaries that graced the colourful ceremony are the Iyaloja of Ibadanland, Alhaja Iswat Ameringun,the Permanent Secretary, Oyo State Ministry of Youth and Social Development, Alhaja Ololade Agboola as well as the Acting Clerk and Permanent Secretary, Oyo State House of Assembly, Mrs Foluke Oyediran.

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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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