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Rivers state governor, Wike begins reconstruction of 175 schools.

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Governor Nyesom Wike of Rivers State on Thursday flagged off the reconstruction and furnishing of 175 Basic Schools across the 23 Local Government Areas of the state.

These schools are in deplorable condition, thus making teaching and learning difficult.

Speaking at the flag off of the reconstruction of the schools which was held at the State School, Rebisi in Port Harcourt, Governor Wike said nobody would believe that the immediate past administration left schools to decay to this level.

The governor disclosed that when his administration took over, the immediate past administration did not access UBEC, adding that the State Government accessed the funds for the re-positioning of basic schools in the state.

He stressed that after paying the counterpart fund, the state now has N5.6billion to address the infrastructural challenges of selected basic schools.

His statement reads, “the entire world should see that a school like this exists in Port Harcourt. Imagine the condition of schools in the rural areas. Just imagine that the past administration claimed that they revolutionised education. All they did was to construct a few schools by the roadside.

“The funds for the reconstruction and furnishing of these schools have been set aside. Therefore, funding will not be an issue. I direct that payment should be done by milestone. The contractors should be paid based on the work they do. There should be nothing like variation”.

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He warned that the reconstruction should be holistic so as to enhance teaching and learning in all the schools.

The reconstructed basic schools is expected to have the following facilities: new furniture, sports facilities, Information/communication equipment, standby generator, boreholes, toilets , head-teacher office and table-top fridges.

According to him, his administration has awarded contracts for the equipping of laboratories of selected secondary schools and re-stocking of libraries.

“While the immediate past administration used over N4billion to build one school, we are using slightly above N1billion to build one school. This is a prudent administration “.

Remarking, Executive Chairman of the State Universal Basic Education Board, Venerable Fyneface Akah hinted that the reconstruction is being done via the Federal Government Universal Basic Education Commission/Rivers State Universal Basic Education Board 2014-2016 Intervention Projects for Rivers State.

“One great benefit the day’s event holds for education and indeed for all of us , is that it offers a time for common reflection on the very needful and yet neglected aspect of educational organisation which hitherto was a prime place.

“We appeal to community and local government leadership in the state to realise that we now live in a time when all must respond to the invitation to stand with the state government to own and ensure security of school staff and facilities provided by government for use in our various communities, said Akah.

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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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