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What Saraki told visiting British envoy, Harriet Thompson

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President of the Senate, Dr. Abubakar Bukola Saraki, on Monday assured Nigerians that legislative duties in the National Assembly would not be relegated to the background in view of the commencement of the 2019 electioneering.

Saraki, according to a statement by his Special Assistant on Print Media, Chuks Okocha, in Abuja, made the assertion while responding to comments by the Acting British High Commissioner to Nigeria, Harriet Thompson, who visited him at the National Assembly.

Saraki said, “It is very important to emphasise that as far as we are concerned, we will follow through on the key Bills. We will continue to work on these Bills, because they are priorities to the 8th National Assembly — these are Bills that were initiated by the legislative arm of government.

“For example, the Petroleum Industry Governance Bill (PIGB) has never gotten this far in its history. However, both Chambers of the National Assembly worked very hard to come up with a unified position and sent it to the Executive. Unfortunately, it came back with some minor issues that we feel should not have affected the progress of the Bill. These were issues that could have been easily addressed.

“The two arms of government must see that the most important thing is for us to get the PIGB going because it has a lot of impact on the industry in terms of transparency, accountability and ensuring that the revenues of the petroleum sector are well managed.

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“As you know, we have also gone far with the fiscal and host community components of the Bill, because it came about as a result of constant engagement with stakeholders in the industry. However, with this setback by the Executive, this has slowed down the process a little,” the Senate President said.

Speaking on the Companies and Allied Matters Act (CAMA) and the Police Reform Bill, Saraki said that the CAMA Bill was only waiting for the Concurrence Committee of both Houses of the National Assembly to finish its work, while the Police Reform Bill would soon be subjected to Public Hearing.

“I am hopeful that the CAMA will soon pass in the House of Representatives too. On the Police Reform Bill, we are hoping to have a public hearing very soon. As you know, this reform Bill came about as an immediate response by parliament to the increased reports of insecurity across the country.

“We took the decision to evaluate the security situation in the country, particularly the police, to see how best we could make the institution more effective and efficient. Unfortunately, as we work towards these reforms of the police, I must be honest, many of the actions of the police are seen to be quite partisan.

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“We are hoping that the new Chairman of the Senate Committee on Police Affairs will set the ball rolling on this immediately. It is important that the Executive too must see the importance of this Bill so that we can work together and improve the efficiency and the level of Police performance,” Saraki said.

On the Discrimination Against persons with Disabilities Bill, the Senate President stated that the Bill would soon be on its way to the President for assent; while emphasising that he was still hopeful that the Gender Bill would be passed before the end of the 8th Assembly.

“On the Electoral Bill, we have passed that and sent it to the Executive. We have addressed all the concerns raised by Mr. President because we believe that that Bill is important to improve the quality of our elections and our electoral process. We want an electoral process that will make our elections more credible. Therefore, I hope that the interest of the country should be the determining factor in the decision to assent to the Electoral Act Amendment Bill.

“Despite the fact that campaigns have started, all these important Bills will still receive the desired attention from us to ensure that governance does not suffer and we can still make the lives of all Nigerians better,” the President of the Senate stated.

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Earlier, the Acting British High Commissioner had advised against relegating legislative duties to the background with the onset of campaigns for the 2019 general elections in the country.

“There are quite a number of Bills in which we have key interests because we firmly believe that these Bills are in the interest of the Nigerian people both in terms of their rights and in terms of their opportunities for economic development,” Thompson 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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