AFTER SUCCESSFUL PARIS OUTING, TINUBU OFF TO LONDON ON PRIVATE VISIT

President Bola Tinubu on Friday concluded his official trip to Paris, France, during which he had an outstanding participation in a summit for 'A New Global Financing Pact' hosted by French President Emmanuel Macron. 

Aside participating in the summit where he repre

sented Nigeria well, President Tinubu also held high-profile sideline meetings with fellow heads of state and government, global business leaders and chief executives of leading multilateral and development finance institutions from around the world.

The summit afforded the President the opportunity of projecting, on a global stage, his advocacy for widening the fiscal space, economic justice for Africa as the world accelerates the pace of energy transition, and the urgency of addressing the pressing issues of poverty and climate change.

President Tinubu, who was initially scheduled to be back in Abuja on Saturday, will now proceed to London, United Kingdom, for a short private visit.

The President will be back in the country in time for the upcoming Eid-el-Kabir festival. 

Credited:

Dele Alake 

Special Adviser 

Special Duties, Communications & Strategy

June 24, 2023

Cheers to your new age Aare

 

The C.E.O Tumite News celebrates Aare Opeyemi Omotosho on attaining a new age 

You are an example of loyalty, wisdom, integrity, you performed quota in the Omititun 2.0 that was just activated truly you worth to be celebrate I Ifeoluwa Ayodele Ogunlola join the million people to celebrate you Aare the only man standing I always call you controversial politicians because you never for once lie no matter what may you will speaks the truth. 

You are product of grace, may the grace of Almighty Allah never departed from you 

Happy Birthday Aare !

Long life and prosperity Aare!!!

More Promotion, blessing!!!

Your's in love 

Ifeoluwa Ayodele Ogunlola (Hon)

C. E. O Tumite News

SPORTS: OYO STATE CELEBRATES OLYMPIC DAY WITH ROAD WALK/CARNIVAL

 

  In commemoration of this year Olympic Day Celebration, Oyo State Government organised a road walk/ carnival to create awareness and sensitive members of the public.

    Over two hundred athletes which comprises of cyclists, handballers. Footballers, basketballers, volley ball players, cricket and hockey players across the state.

   The athletes were accompanied by their coaches, sports officers and other members of staffs that walked round the major and strategic areas within the Ibadan metropolis.

   The 30 minutes workout is organised by the Oyo State Sports Council in collaboration with the Nigerian Olympic Committee for the Olympic athlete and people from all comers acrosss the 36 states and the federal capital territory to mark the 2023 edition of Olympic Day.

  The worldwide activities are earmarked to celebrate solidarity, inclusion and sustainability. The Olympic Day events are also designed to engage

 everybody regardless of their age, gender and social background in sporting activity.

    The Olympic Day was first launched in 1987and the run was about promoting the practice of mass sports. The theme for the year is tagged '' let us move ''

Credited:

TUNDE AJIBIKE

Directorate of Media and Communications 

Oyo state sports council

OMITUNTUN 2.0: WHAT GOV MAKINDE MAY LIKELY DO ON AGRIBUSINESS, IMPROVES IGR, EMPLOYMENT FOR ALL, MOE UNVEILS

 

Egalitarian Dig Com Moyosoreoluwa Olamilekan Eldreez has unveil what GSM may likely do on Agribusiness, improves Internal Generated Revenue, Employment for all.

Since assuming office, Governor Seyi Makinde has worked with his manifesto, The Oyo State Roadmap for Accelerated Development , 2019-2023. He has followed this plan as he prioritises the four pillars of governance upon which the map is built – Economy (through agribusiness), Education, Healthcare and Security.

In short, his administration was just eight months when covid came in as a global sock absorber to world economy and mass exodus of death rolls from yound to old. Apparently, Gov. makinde in real sense only did what we are seeing in just two and half years and hopefully to run Omituntun 2.0 hundred percent without excuses.

Governor Seyi Makinde’s administration during Omituntun 1.0, prioritised growing the economy of Oyo State to move the people from poverty to prosperity. With agribusiness as the major driver of the economy, Oyo State has attracted private investments of over N27 billion in agribusiness alone in the last four years.

However, towards the tale end of accelerated development administration, Gov. Makinde received a team from Shell Nigeria Gas Limited led by the Executive Director, Ed Ubong. The team were in Ibadan to present the finished Oyo State Gas Distribution Infrastructure Masterplan. In case you don't know, let me inform you that the Shell Nigeria Gas Ltd is constructing a Pressure Reduction and Metering Station (PRMS) on a Build-Own-Operate-Transfer (BOOT) basis and  it will deliver gas to industrial, manufacturing and commercial entities in Oyo State.

Moreso, Mr D. Subashkumar, a representative of one of the companies which attended the Oyo State International Business Summit, on May 18th, 2023 Karma Agric Feeds and Foods Ltd. Where Mr Governor met with their Chairman in London on the sidelines of the summit, and agreed to expand their operations in Oyo State by investing an additional $30 million. The only support they requested from Gov Makinde's administration was a guarantee that they would get gas supply by Q2 2024 which was promised and committed to do under Sustainable Development Vision and Growth of Omituntun 2.0

As we all know that the good people of Oyo state are expecting so much from His Excellency hence why he was given the second term bid over his contenders in the General elections, this calls for more hard work and he did promised that, Omituntun 2.0 is an upgrade of Omituntun 1.0

One of the major areas under his concentration is the AgriBusiness for the expansion of economy through which investors can easily be attracted to develop, creates job opportunities and other niche. Let me usher you into those likely expectations anticipating under this new administration of Sustainable Development Vision and Growth Model.

These are likely things His Excellency, The Man Called MAKINSSON may likely make happen under the Omituntun 2.0 ;

The construction of the Fasola Agribusiness Industrial Hub is in advanced stages and businesses like Chief Quails Limited and SWAgCo Limited have already started producing crops there while FreislandCampina WAMCO Nigeria has signed an MOU for livestock production.

The Fruit processing plants short term if linked with existing processors but medium to long term if new off-takers will be brought in. Meat processing industries, Modern central fish market and Small scale irrigation schemes for farms on existing dams in the four agricultural zones. Possible collaboration with the Federal Government on the use of the silos in the state will be looked into as well.

Ensuring that the farmers actually have access to subsidized inputs (fertilizers, improved seeds, tractor hiring etc). This means that the list of registered farmers in the state must be validated and updated to weed out fake farmers’ names and register authentic ones, with the GPS of their farms adequately recorded to prevent multiple uses of particular farmland by many fictitious farmers. In addition, the State Government can complement the efforts of the Federal Government in the supply of subsidized inputs. Linking some farmers with the Staple Crop Processing Zones closest to them in order to take advantage of the existing markets for the farmers’ products in those zones.

The preparations has been finalised for the launch of the Special Agro-Industrial Processing Zone (SAPZ) which is backed by the African Development Bank (AfDB). SAPZ will commence in a 300-hectare facility in Atan Community in Akinyele Local Government Area, Ibadan.

Provision of adequate agricultural extension services by making the living conditions in the agricultural production sites conducive through the provision of rural infrastructure amenities such as electricity, health facilities, potable water, and good roads, among others. 

The plan to upgrade the nine (9) farm settlements in Oyo State to agribusiness industrial hubs is on course. The contracts for three (3) of the farms settlements have been awarded and work is in advanced stages at the Fasola Agribusiness Industrial Hub, Eruwa Agribusiness Industrial Hub while Akufo will commence when Fasola has been completed which will have modern facilities and create employment opportunities for young people.

Adequate and sustainable irrigation infrastructure strategy. Already, Memorandum of Understanding (MoU) has been signed between the Oyo State Government and Ogun-Osun River Basin Development Authority for irrigation of farms in Oyo State.

The government will make adequate credit accessible to farmers and agro-entrepreneurs. They will be assisted with a take-off loan which must be repaid at a specified but convenient rate and time period for the youths. The credit for the generality of the farmers will be designed in a manner that repayment is not cumbersome. Loan facilities are available to farmers under the Agricultural Credit Corporation of Oyo State (ACCOS) at a single digit rate.

As I round off, on Saturday 10th, May 2023, Gov. Makinde and his team visited the Fasola Agribusiness Industrial Hub to meet with investors already operating at the hub which is 100% fully subscribed. The value of investments so far is about $2.6 million and this will increase by the time the hub is completed and processing facilities are fully operational.

He also visited a large-scale agribusiness investment in Iseyin, the Oyo Sugarcane Processors Ltd and met with the Chairman, Chief Adepoju Olusola. 

In his statement reads: "The business will be processing 30 tonnes of brown sugar daily and employing over 500 people as permanent staff by the time the processing facility is completed. The company will also serve as an offtaker for smallholder farmers he concluded".

Conclusively, My Principal Effulgent Leader, Exceptional Inspirational Educationist Revolutionary, Missionary Master, His Excellency, The Executive Governor of Oyo State Engr. Dsc. GSSRS KJW Abiodun Oluwaseyi MAKINDE FNSE is making sense, will be greatly able to achieve the set goal 7.5bn IGR growth targeted at repositioning, remodelling, rebranding the entire state for future Global recognition as well become the headquarter of sustainable economic development Hub in Nigeria. HAPPY DEMOCRACY DAY!

Your's Servant Leader,

Egalitarian Dig Com Moyosoreoluwa Olamilekan Eldreez codenamed IJOBA AUTHORITY MOE writes from Ibadan North East, Home of Generals

12th June, 2023

CBN mandates banks to obtain customers’ social handles

 

The Central Bank of Nigeria has mandated Financial Institutions to obtain the social media handle, e-mail addresses, telephone numbers, residential addresses, and more of their customers.

This forms part of its new customer due diligence regulations and is in a bid to further deepen the identification process in the banking system. The apex bank disclosed this in its newly released ‘Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023’ document.

The CBN stated that its new regulation was created to provide additional customer due diligence measures for financial institutions under its regulatory purview.

It noted, “To provide additional customer due diligence measures for financial institutions under the regulatory purview of the Central Bank of Nigeria to further their compliance with relevant provisions of the Money Laundering (Prevention and Prohibition) Act (MLPPA), 2022, Terrorism (Prevention and Prohibition) Act (TPPA), 2022, Central Bank of Nigeria (Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing of Weapons of Mass Destruction in Financial Institutions) Regulations, 2022 (CBN AML, CFT and CPF Regulations) and international best practices.

“And enable the CBN to enforce compliance with customer due diligence measures in line with the CBN AML, CFT and CPF Regulations.”

Under its customer identification column, the banking regulator stated that financial institutions must identify their customer (whether permanent or occasional, and whether natural or legal persons or legal arrangements) and obtain the following information:

“For Individuals — legal name and any other names used (such as maiden name), permanent address (full physical address), residential address (where the customer can be located), telephone number, e-mail address, and social media handle; date and place of birth, Bank Verification Number, Tax Identification Number, nationality, occupation, public position held, and name of employer"

It further noted that an individual must have any of an unexpired passport, national identification card, residence permit, social security records, or driver’s license.

As part of the requirement, it added, “Type of account and nature of the banking relationship, and signature, and politically exposed person status.

The document also had separate requirements for legal persons and legal arrangements. According to the CBN, the regulations shall apply to all financial institutions under its purview

Credited: Punchng.com

BREAKING: President Tinubu breaks silence on suspended CBN Governor, Godwin Emefiele

 

President Tinubu has broken his silence on the suspended CBN Governor, Godwin Emefiele during an interactive session with Nigerians resident in France and neighbouring European countries. 

Tinubu said the nation’s financial system under the suspended Emefiele was rotten.

He said many Nigerians abroad were unable to send money to their relatives because of the multiple exchange rates, saying all that have become a thing of the past.

“Then the financial system was rotten. Few people making bags of our money and then you yourself, you stopped sending money home to our poor parents. Several windows… but that is gone now, is gone.

“The man is in the hands of authorities, something is being done about that, they will sort themselves out.”

Cute Abiola wife's delivered a baby boy in Mecca

 

Abdugafar Ahmed Oluwatoyin and His Wife Mrs Kudirat Mosunmola welcomes a bouncing baby boy today 23rd June 2023

This was know through what he post on his Facebook handle 

"Never is a man more of a man than when he is the father of a newborn.

I have A Son Now 🙈 and he is ALHAJI 🥰😍 

Congratulations to me and my wife ❤️"

Cute Abiola was a former Naval officer, comedian also S.A to Executive Governor of Kwara State 

Congratulations to you once again

Court Remands Nine Auxiliary’s Allies Over Alleged Robbery, Attempted Murder

The state Magistrate court, Iyaganku on Friday has remanded nine associates of an embattled former chairman of the park management system, Oyo State Mukaila Lamidi popular known as Auxiliary for alleged conspiracy, armed robbery, attempted murder and unlawful possession of firearms.

The suspects are, Olaniyi Abiodun, Kamoru Yusuf, Odunayo Ismaika, Kolawole Joshua, and Oladosun Kunle.

Others are, Fatai Abidemi, Oluwoke Akanbi, Sarafadeen Adewale, and Tirimisiyu Odunayo

They were arraigned on a 16-count charge at Ibadan Magistrate Court, Iyaganku on Friday but pleaded not guilty to all the charges.

The charge sheets read in part, “That you, ( suspects) and others now at large on 29th May 2023 at about 2:00 pm at Governor Seyi Makinde”s residence, Ikolaba area, Ibadan in the Magistrate Court District did conspire together to commit felony to wit armed robbery and, thereby committed an offense contrary to and punishable under section 6 (B) of the robbery and firearms (Special Provision) Act Cap R 11 Vol 14 Laws of the Federal Republic of Nigeria 2004.”

The defense counsel, Barr J. D. Olaniyan argued that the Court lacks jurisdiction to hear the case noting the charges leveled against his clients.

He, thereby, prayed the Court to remand the suspects at Agodi Correctional Centre, pending the time that the case would be assigned to a competent court of law for hearing.

He argues that their counsel’s families and relations would have access to them at Agodi Correctional Centre, Ibadan.

He argued further that the “Court lacks jurisdiction to entertain the case with the nature of the charges which ranges from attempted murder to armed robbery.

“I, therefore, pray the Court to remand them at Agodi Correctional Centre for accessibility and convenience.

“This will make it easier to their counsels to prepare their defense as well bail application.”

In his ruling, Magistrate, S.H. Adebisi said the Court lacks jurisdiction to hear the case noting the charges ranges from conspiracy, and armed robbery to attempted murder which is a capital offense.

He, therefore, ordered them to be remanded in prison and subsequently adjourned the case till 26th July 2023.

Families and relations who thronged the Court broke down in tears as they watched helplessly as suspects were been led to the NCS waiting van.

LADOJA MAY NOT BE PART OF ELEVATION OF IBADAN OBAS;CONSIDERING GOING TO COURT

The Otun Olubadan of Ibadanland, High Chief Rasidi Adewolu Ladoja may not be part of the 11 Ibadan High Chiefs recently elevated to become beaded crown Obas by Governor Seyi Makinde.

Recall that the Oyo State Governor had signed into law the State Chieftaincy system bill as amended by the Oyo State Legislature which gives the governor the sole power to decide who becomes what in Oyo traditional council.

A source very close to the former governor, Sen Rasidii Ladoja has hinted that the Otun Olubadan will distance himself from the coronation of the High Chiefs as beaded crown Obas.

‘Baba is presently in Cotonou. He has not made his position known on this new development but I can tell you he will not be part of this comedy.

The last time I spoke with him about it. What he said was that he did not set out to become a lesser Oba when he began the journey. His dream is to become the Olubadan and nothing less”.

‘I think Baba will be available in Ibadan before sallah. He will surely make his position known. You know he doesn’t have the power to stop others from being crowned. But as for him,he will not be part of the coronation of High Chiefs. Baba has nothing against the elevation of those Baales to beaded crown Obas once due process is followed ‘,the source submitted

The source went further to state that the former Governor may likely approach the court to challenge the decision of the government on this development.

Nigeria’s total public debt may hit N81.64tn

 

Nigeria’s total public debt may hit N81.64tn this year,

The figure was arrived at based on the 2022 Debt Sustainability Analysis Report by Debt Management Office.

According to the debt office, the increase in total public debt-to-GDP to 37.1 per cent in 2023 from 23.4 per cent as of September 2022 was due to the inclusion of an estimated N8.8tn 2023 debt, the government’s Ways and Means debt of over N23tn, and an estimated Promissory Notes issuance of N2.87tn in the debt stock.

As of December 2022, Nigeria’s total public debt was N46.25tn, which means they might be an increase of 76.52 per cent this year.

In the report, the DMO warned that the Federal Government’s projected revenue of N10tn for 2023 cannot support fresh borrowings.

According to the office, the projected government’s debt service-to-revenue ratio of 73.5 per cent for 2023 is high and a threat to debt sustainability. It noted that the government’s current revenue profile cannot support higher levels of borrowing.

In a report titled, ‘Report of the Annual National Market Access Country (MAC) Debt Sustainability Analysis (DSA),’ the debt office said, “The projected FGN Debt Service-to-Revenue ratio at 73.5 per cent for 2023 is high and a threat to debt sustainability.

Mogaji Akin Fagbemi is A Godly Man who has been helping people without noise - Arakunrin Olajide

  

Mogaji Akin Fagbemi is one of the dependable politicians I have ever met when it comes to human relations and tolerances to manage a political situation of any form.

Mogaji works hard, devotes himself to God & never give up on what he believes to do well. This is really helping him on assignment given to him by GSM to head OYRTMA.

He speaks less like GSM but his actions speak volumes of him. He has a natural love for GSM and he is accessible & God fearing in all his dealings.

He is one of Special GSMists we have in Oyo State.

Kara o le o, Mogaji,. God will continue to lighten your paths & elevate you more than your imagination.

Tinubu Fails To Join Other African Leaders On The Paris Summit Economic Panel On Stage Read more at: https://ejesgist.ng/tinubu-fails-to-join-other-african-leaders-on-the-paris-summit-economic-panel-on-stage/

 President Bola Tinubu was unable to participate in a live economic session during the ongoing summit of world leaders in Paris. Instead, he asked the Nigerian ambassador to represent him, although the reasons for his absence on stage were not immediately clear. Prior to the summit, his office had announced his attendance and participation in a debate concerning Africa’s economic prospects

The global financing pact summit, taking place at Palais Brongniart in Paris over two days, aims to find effective solutions to reduce poverty and address the adverse impacts of climate change on the global financial system

Scheduled to join other participants on stage at 6:00 p.m. local time on Thursday, Tinubu’s aides had confirmed his preparedness for the event, which marked his first since assuming the presidency on May 29. The Nigerian ambassador, Adamu Ahmed, represented him alongside other notable figures, including David Craig, co-chair of the task force on nature-related financial disclosures (TNFD); Mark Carney of the Glasgow Financial Alliance for Net Zero (GFANZ); Mary Schapiro of global public policy at Bloomberg; Sabine Mauderer of the Network for Greening the Financial System; and United Nations special envoy Catherine Mckenna.

In a speech prepared hastily, Ambassador Ahmed expressed the belief that addressing social issues should be elevated alongside environmental concerns. He commended President Macron for emphasizing the issue of poverty at the summit, emphasizing that the focus should encompass climate, people, and diversity

Ambassador Ahmed highlighted the economic difficulties faced by African countries in the aftermath of the COVID-19 pandemic, stressing that public resources alone would no longer suffice to tackle the challenges. He emphasized the need to attract private capital and compete with other countries worldwide. Ahmed also welcomed President Macron’s initiative to develop a Net-Zero Data Public Utility (NZDPU) as a repository that would greatly benefit African nations.

He further conveyed the message that African countries are ready to actively engage with the international community and are transitioning from mere commitments to concrete plans. Ahmed cited Nigeria’s enactment of the Climate Change Act in 2021, establishing the Climate Change Council with President Tinubu at the helm, along with the establishment of a climate change fund and a National Action Plan. Nigeria has set a net-zero target of 2060, recognizing the substantial challenges it faces, and has sought regional partnerships with other African countries.

This trip marked President Tinubu’s first international visit since assuming the Nigerian presidency on May 29. The reasons for his non-participation in this crucial aspect of the summit, despite concerns about the impact of removing subsidies on petroleum products, which were previously used to alleviate economic hardships, remain unclear. Although Tinubu has reportedly sought medical treatment in Paris in the past, his aides denied any plans for a medical visit during this trip

Several African leaders, including South Africa’s Cyril Ramaphosa, participated on stage during the summit on Thursday evening

Palliative: FG Orders Distribution of Free Solar Systems

 

The Federal Government has flagged off the distribution of free solar home systems across the country as a way to cushion the adverse effect of fuel subsidy removal.

The Managing Director of Rural Electrification Agency, Ahmad Salihijo while on an inspection visit to Makoko, Lagos over the weekend, said FG had ordered the agency to scale up on the deployment of more free solar systems to homes, schools and hospitals across the country.

This, according to him, was under the Ministry of Power’s Poverty Reduction and Growth Strategy programme.

“We are here on a short inspection visit. REA under the supervision of the Ministry of Power came here as part of our programmes under one of our projects, the Poverty Reduction and Growth and Strategy Programme as approved by the Federal Government.

“We are mindful of the removal of fuel subsidies and have assessed that the solar systems would be more useful in areas like this, where they do not have adequate power supply. What we have done is to test how we can distribute decentralised solar systems, specifically, 150 watts to very critical places in this neighbourhood- to small schools, homes and hospitals where we can provide them with lighting points, power for their fans and televisions,” he said.

According to him, a total of 30 such solar systems have been deployed so far in the Makoko community.

“We are happy with the feedback so far because the beneficiaries have been enjoying the benefits of the systems. This programme would be continued because more funds would be approved for the deployment of more systems,” he said.

Salihijo added that the agency had also visited Ijebu-Ode in Ogun State, and Osogbo in Osun State, where solar systems had been deployed to markets and agricultural hubs.

“Although we had to charge a fee for the one deployed to markets and agricultural plantations in Ijebu and Osogbo, those deployed to homes, hospitals and schools are absolutely free of charge,” he noted.

While expressing gratitude to the Federal Government, the traditional leader of Makoko Community, Migbewe 2, Chief Jeje Albert said the community was happy with the laudable project.

For widespread benefit, he then urged the government to deploy more of such solar systems to the community.

HUMANITY: AGAIN, AGBAAKIN PERFORMS BENEVOLENCE, DONATES ARTIFICIAL LIMBS

Again, the Agbaakin of Olorunda-Abaa Chief Benedict Akika has performed well-meaning kindness and donated Prosthetic Limbs to physically challenged persons.

Akika said the kind gesture became imperative in a bid to ensure that those living with disabilities or low standards are always taken care of.

Speaking on behalf of the beneficiaries, Mr Paul, while expressing joy, appreciated the donation of the artificial limb and prayed for Chief Benedict Akika alongside his family and friends.

It’s been recalled that AgbaAkin has always being doing good and showing the gestures in support to the present administration of Oyo State ably led by His Excellency Engr. Seyi Makinde,the Governor of Oyo State.

UPDATED: Oyo deputy gov observes Zuhr in Madinah, prays for Gov. Makinde, others

 

The deputy governor of Oyo state, Barrister Abdul-raheem Adebayo Lawal on Monday departed Nigeria for Saudi Arabia for this year’s pilgrimage to join Oyo state pilgrims contingent and other Muslims around the world who had been in the holy land few weeks ago for the mandatory service.

Lawal, who is also the Amirul-hajj for Oyo state, was spotted about some minutes ago arriving Masjid Al-nabawiy Madina to observe Solatul-zuhr. 

It was gathered that he prayed fervently for his principal, Seyi Makinde as well as praying for his government, Oyo state and Nigeria for peace, harmony, and calm to rule supreme after the four Rakat.

The deputy governor visited the first mosque built by prophet Muhammad in Medinah. The mosque also known as Masjid Quba was the first to be built by the Holy Prohet on arrival at Medinah after Hijrah.

The Amirul Hajj who had a former First Lady of Oyo state, Alhaja Mutiat Ladoja and a former Speaker of the state House of Assembly, Senator Monsurat Sunmonu on his entourage observed two Rakat prayers in the mosque to seek Allah’s favour for the State Governor, Engr.Seyi Makinde, Oyo State and the entire country.

Barr. Lawal also visited the historical mosque where prophet Muhammad received instruction to change the direction he was facing during prayer to Kaaba. The mosque is known as Qiblatain

Earlier, Lawal had told the pilgrims of Oyo that the state government had made sufficient preparations in Saudi Arabia to ensure that they could fulfill their religious obligations without interferenceHe gave the assurance while presenting visas to 19 stranded Oyo intending pilgrims after weeks of challenges and delays in processing. 

The deputy governor called on other pilgrims to pray for Governor Makinde and his administration to be successful in carrying out the constitutional responsibilities while also assuring of the government’s continuous support.

. .