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Why US should not give Atiku visa – FG

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The Federal Government has told the U.S. to be cautious in granting visa to the PDP Presidential candidate, Alhaji Atiku Abubakar, in order not to create the impression of endorsing him for the 2019 election.

The Minister of Information and Culture, Alhaji Lai Mohammed, gave the government position at an interactive session with media executives in Abuja on Thursday.

Mohammed said that the government was aware of the move by the former Vice President to lobby the U.S. to lift the visa ban imposed on him.

He said while the U.S. has the prerogative of whom to issue visa, it should be mindful of the timing, in order not to give the impression that Atiku has been endorsed by the U.S. government.

“We understand and appreciate the fact that it is the prerogative of the U.S. to grant a visa to anyone who applies.

“However, we want the U.S. to be neutral and be wary of taking any decision that will give the impression that they are favouring or endorsing one candidate over the other

“Impression must not be created that the U.S. government is endorsing one particular candidate over the other,’’ he said.

The minister recalled that for years, there has been a kind of congressional bi-partisan investigation on corruption against certain individuals which had made it difficult for Atiku to secure a U.S. visa.

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“I am sure you will all recall the Jefferson’s case and the cold 90,000 U.S. dollar in fridge.

“We are not unaware that Atiku has engaged the services of some lobbyists to persuade the U.S. to issue visa to him.

“Our position is that if the former Vice President is seeking the U.S. visa we have no problem about it.

“However, we want the U.S. government not to create the impression that it is endorsing one candidate over the other,’’ he said.

Speaking on security, the minister insisted that despite the recent set back brought about by attacks on the military, the Boko Haram insurgents had been largely decimated.

He recalled that when they took over in 2015, Boko Haram was active in 10 states including the FCT where they chose where and when to attack

The minister said that 20 of the 27 Local Government Areas in Borno were under the insurgents where they hoisted their flags collected taxes and deposed the Emirs.

He said since they took over, no inch of Nigeria territory is under the control of the insurgents who now operated in the fringes –Lake Chad Island- to launch guerilla attacks.

“What happened was a set-back and it is not enough to say that we are losing the war against the Boko Haram.

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“We want to appreciate the gallant military who are sacrificing day and night and those who have lost their lives to protect Nigeria’s sovereignty,’’ he said.

The Minister added that the visit of President Muhammadu Buhari to Borno and his ongoing visit to Chad were indications of renewed vigour to end the war.

Mohammed also denied the allegations that the government was closing media space against the opposition.

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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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