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YCE replies ACF, says North is Nigeria’s problem

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The Secretary General of the Yoruba Council of Elders, Dr. Kunle Olajide, has said the North is a big problem and a great obstacle to the development of Nigeria.

Olajide said this in reaction to the statement credited to the Chairman of the Arewa Consultative Forum and a former Inspector General of Police, Alhaji Ibrahim Coomassie, who said that Nigeria could not survive without the North.

Olajide spoke in Osogbo on Thursday at the first memorial lecture of Nathaniel Abimbola organised by the Osun State Council of the Nigeria Union of Journalists.

Abimbola, who was a reporter with the Osun State Broadcasting Corporation, died in an accident along the Ife-Ibadan Expressway last year.

Olajide, who was the chairman on the occasion, said the North was home to the Boko Haram which was costing the Nigerian government billions of naira, religious crisis, killer herdsmen as well as numerous negative indices of quality of life.

He said, “The newspapers reported the Arewa Consultative Forum as saying that Nigeria cannot survive without the North. Whatever was meant by that statement credited to the ACF chairman remains to be understood.

“However, I congratulate him for accepting that the North as it is today represents all that is wrong with Nigeria. The North-East is ravaged by insurgency costing the country billions of dollars annually. The North-West is home to religious crisis, the North-Central is ravaged by herdsmen of northern extraction. Collectively the North is home to all negative indices of the quality of life. Infant mortality rate is highest in the North.

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“Illiteracy rate is highest in the North and the number of out-of-school children is highest in the North. The poverty index in the North is high while the twin evil bedeviling the North is feudalism and religious fatalism. It will not be out of place to say the North has in fact been dragging Nigeria down since independence. All sorts of mischievous phrases were coined by the very tiny political / military elite of the North to give undue advantage to the North.”

The YCE scribe said the North staged-managed the military coup which removed President Shehu Shagari from power on December 31, 1983. He said the northern oligarch feared that there could be revolution in the country and they allegedly planned the coup with the military in order to ensure that power remained in the North.

Olajide stated that the late Chief Obafemi Awolowo spent greater part of his political career and his resources struggling to liberate the talakawas of the North from their elite but feudalism and religious fatalism frustrated his efforts.

He said the Yoruba people were not only insisting on the restructuring of the political architecture in the country, they were also insisting on the wholesale reform of this elite-centered system of government.

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The Yoruba elder said the unfair wages and remuneration of the political leadership in the executive and the legislature must be reviewed downwards. Likewise, he said the outrageous pension benefits and severance allowances of political office holders must be scrapped and the entire political system must not be made financially lucrative to ward off political contractors and charlatans.

He said if these were done, only the service-minded people would begin to show interest to take over the political leadership of the country.

“Let me assure Alhaji Coomassie that much as we want a fair and egalitarian Nigerian society, it is not at all costs. The rest of Nigeria will survive, flourish and join the league of first world countries within two decades if the North exits. If it desires to leave Nigeria, join me in saying goodbye to the exiting North, I wish them a safe journey into the desert,” he added.

A member of the House of Representatives from Osun State, Prof. Mojeed Alabi, who delivered the lecture, said corruption was not the main problem of Nigeria but the constitution which he said was faulty.

The lawmaker said corruption was just a manifestation of the fundamentally faulty constitution which had raised regional suspicion.

Alabi added that Nigeria needed to convoke a Sovereign National Conference to determine its existence and how to go about it.

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He explained that the word sovereign would not stop the executive, the legislature and judiciary from carrying out their functions.

Alabi said, “In essence, my colleagues in government have nothing to fear by the convocation of a Sovereign National Conference. That is the way to go if Nigeria must be returned to the path of sanity and greatness in our march to political stability, social harmony and economic prosperity.

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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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