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Senate Suspends Omo-Agege , Buhari’s Main Supporter

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His earlier plea for mercy notwithstanding, Senate on Thursday suspended for 90 days, its member representing Delta Central Senatorial district, Senator Ovie- Omo Agege for castigating the Upper Chamber on opposing the re-election bid by President Muhammadu Buhari.

The Senate also outlawed the “Parliamentary Support Group for Buhari,” under which Senator Omo Agege and some of his colleagues had operated in recent months in demonstration of their allegiance to the Nigerian President.

Omo-Agege and 9 other Senators had earlier criticized the stance by the Senate on re-ordering of election time-table for the 2019 general election in which case the National Assembly election was ordered first, followed by that of the State Assembly elections and lastly the Presidential election.

The Senate took the hard stance against Omo-Agege after it adopted the report of its committee on ethics, privileges and public petitions on a complaint by Senator Dino Melaye that he had insulted the Senate leadership through a press conference, claiming that the amendment to the INEC Act 2010 was targeted at President Muhammadu Buhari.

Although Senator Omo Agege had apologised during Senate Plenary, his colleagues took offence that he, nonetheless proceeded to court to challenge the decision of the Senate to refer his case to the ethics and privileges committee.

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Some Senators who were opposed to Omo-Agege had even recommended 181 days of suspension against him for disregarding the committee and heading to court.

Incidentally, Senator Ovie-Omo Agege is also a member of the senate committee on ethics, privileges and public petitions.

However, punismnemt for the embattled Senator was pegged at 90 days following intervention from Senate Leader, Senator Ahmed Lawan, and Senator Kabiru Marafa who pleaded for leniency on his behalf.

President of the Senate Dr. Bukola Saraki while ruling on the matter, urged his colleagues to exercise more caution whenever they engage in any action or commitment.

He said, “I think in this chamber, if we want to talk about who has the right to even say he is chairman of the parliamentary support group for Mr. President both by action and by what we have done, I think I have the right to be that than anybody else here. But those of us that understand the politics, that because of some times, our own peculiar interest, we desire sometimes that we are holier than thou or more committed but at the expense of others, that is not something we should tolerate.

And I believe that in an institution like this, we must show that discipline, but at the same time, there must be compassion. We must show that such group must be suspended. The case in court also, must be withdrawn. And in consideration of that, we can look at the leniency of what was recommended.”

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The President of the Senate also gave insight into the implications of the resolution reached based on the consideration of numerous factors touching on the matter.

“what that is, I think by that we would have captured one, no more of this kind of groups in this senate, two, the issue of court actions, three, to show that we are not in any hurry to take anybody away from this family, and four, we must lay example by showing that there is discipline, and apply some form of discipline in this matter.”

Senate also adopted a resolution mandating Senator Ovie-Omo Agege to withdraw the case he instituted in court against the Senate and the President of the Senate.

https://iso.keq.mybluehost.me/buhari-reveals-why-he-will-never-join-issues-with-obasanjo-despite-criticisms/

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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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