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Soyinka, top musical artists, business leaders rally for children’s rights

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Leaders from Nigeria’s private sector and entertainment industry on Thursday joined Nobel Laureate,  Prof. Wole Soyinka for a reading of his poem A Child Before a Mirror of Strangers, dedicated to children around the world in commemoration of the UN Convention on the Rights of the Child (CRC), which celebrates a milestone 30th anniversary this year.

There is one common bond among all of us — and that bond is childhood,” said Prof. Soyinka.  “We have the responsibility to protect and preserve the integrity of that sole common bond, which is pertinent to all humanity.”

The event, a collaboration between UNICEF and the British Deputy High Commission, brought key leaders and influencers from Nigeria’s private sector and entertainment industry together to discuss how these sectors can help advance the Sustainable Development Goals (SDGs) and the realization of children’s rights.

“Achieving the SDGs and achieving child rights go hand-in-hand,” said Peter Hawkins, UNICEF Nigeria Representative.

“Both will only be achieved if all sectors of business are fully engaged. Child rights and the SDGs need to be integrated into business principles, strategies and plans, which, in turn, can contribute to more robust and inclusive economic growth and improved employment of young people. That is good for children, good for business and good for Nigeria.”

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With a population close to 200 million people and an ever-increasing youth bulge, Nigeria is experiencing increasing demands on schools and health facilities, and growing challenges for young people to find work, amongst other challenges.

In an appeal directly to children, musician, producer and songwriter Cobhams Asuquo said, “You are all that is right in Nigeria because you are the chance to rewrite all of wrongs that generations before you have done.  You have a chance and a clean state to make this country the place we all dream of.”

A strong push will need to be made by all if Nigeria is to meet the SDGs by 2030. The private sector could be a critical key in unlocking opportunities for young people, and also addressing poverty, combatting inequality and tackling environmental problems.

“We are pleased to work with UNICEF, the private sector, and young people themselves on ideas that will contribute to a better Nigeria for current and future generations of children,” said Harriet Thompson, British Deputy High Commissioner in Nigeria.

“With the anniversary of the CRC this year, the 30th anniversary of the African Charter on the Rights and Welfare of the Child next year and only 10 years left to achieve the SDGs, we must work together and with urgency to scale-up solutions in Nigeria that will improve our planet and all people’s lives, especially our children.”

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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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