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U.S. To Pay Keen Attention On Nigeria’s 2019 General Election

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As Nigeria prepares for the 2019 general election, the United States (U.S.) says it’s major priority now is to see a peaceful transition, as the country occupies a strategic position in Africa.

The U.S. Department of State said this during a background briefing on the first trip of Secretary of State Rex Tillerson to Africa, monitored by the News Agency of Nigeria in New York.

Tillerson would meet with Nigeria’s President Muhammadu Buhari and other top government functionaries, and also leaders of Chad, Djibouti, Ethiopia and Kenya during his travels from Tuesday, March 6 to 13.

The department said over two decades ago, the number of countries in Africa with really democratically elected government were really very few – only three or four.

It said, however, now we had over two dozen African countries with democratically elected governments and which are hopefully not going to have transitions in government through coup d’etats and other illegal methods.

“As we look at the 20 elections, obviously Nigeria, though it’s not this year – it’s going to be next year – that really is a major priority focus, because that’s going to be the third most populous country in the world by 2050.

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“It has really very complex political issues and ethnic and tribal issues and security issues,

“And that’s an area that we really are focusing on how to do a peaceful transition, a democratic transition, but more important is how to hold governments accountable to the people,” the state department said.

The department explained that obviously, a lot of those African countries were still fragile democracies and the U.S. was trying to strengthen them.

The U.S. commended the most recent elections in Liberia, saying it was the first open, fair, and peaceful transition of governments in over 75 years, saying that it is a good thing.

It regretted what it called the “horrendous rule of Charles Taylor and the degradation of the institutions there, but now we’ll going back and they’re building, and I think with the election of George Weah, there is going to be a positive thing”.

The U.S. also noted the election of Nana Akufo-Addo in Ghana, Alassane Ouattara in Cote d’Ivoire and Macky Sall in Senegal, describing them as positive developments.

It said, however, that Ethiopia remained a challenge for the U.S. and a focus for it as well and an opportunity.

The U.S. explained that it was looking at trying to build institutions and strengthen them, and also have peaceful transitions and hold governments accountable to the people in Ethiopia.

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It said it was also looking at how it could have reconciliation and dialogues between all of the different groups – the Oromos, the Amharas, the Tigrays, and also in Kenya with the opposition and with the ruling government.

Accordingly, the department said building strong institutions and holding governments accountable are some of the things that are certainly going to be the subjects of discussion during Tillerson trip.

“How do we advance political and economic reform that will help in the transition process? Those are issues too that we’re working in Zimbabwe with the transition between Robert Mugabe and Emmerson Mnangagwa.

“And also we’re looking hopefully at South Africa with the election of Cyril Ramaphosa from Jacob Zuma and seeing how that is going to transform the country,” the state department said.

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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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